List of Pratham EPC Projects: Shares of the first EPC projects were listed on the stock exchange on Monday. There has been a spectacular listing of the company’s shares on NSE SME today. Shares of Pratham EPC Projects opened at Rs 113.30 on the NSE SME today with a premium of 51.07 per cent over the issue price of Rs 75. The IPO of the first EPC opened for subscription on March 11 and closed on March 13. This IPO was subscribed 178.54 times.
Post-listing continues to increase.
In early trade, shares of Pratham EPC were seen trading at Rs 118.95, up 4.99 per cent or Rs 5.65 on the National Stock Exchange. In the IPO of earlier EPC projects, the price band was fixed between Rs 71 and Rs 75. In this IPO, one lot was 1600 shares. Investors can bid for a minimum of 1600 shares or multiples thereof.
The IPO was subscribed 178.54 times.
The IPO of Pratham EPC Projects was subscribed a total of 178.54 times. The retail share in the IPO was subscribed 179.48 times. The share of non-institutional investors was subscribed 320.53 times. At the same time, the share of eligible institutional buyers was subscribed 70.28 times.
Where will the money be used?
The IPO of Pratham EPC Projects is a Rs 36 crore IPO. There was a fresh issue of 4,800,000 equity shares. It was a fresh problem. This IPO had no offer for sale component. The funds raised from the IPO will be used for general purposes of the company, working capital requirements and purchase of machinery.
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