Prospect Commodities IPO subscription is to open on Mar 08, 2023 and will close on Mar 10, 2023, the price band of the Prospect Commodities IPO is fixed at ₹ 61. The Company is in the business of trading of cashew in to B2B Market. The Company is selling the Cashew to the wholesalers in the state of Gujarat only.
Table of Contents
About Prospect Commodities
The Company is in the business of trading of cashew in to B2B Market. The Company is selling the Cashew to the wholesalers in the state of Gujarat only. Currently, the Company is not able to cater the demand of Gujarat State, hence it has not ventured to supply or develop market out of Gujarat. The cashews are packed in tin of 10 KG.
The Company had instead of importing the RCN (Raw Cashew Nut) from other countries, which require to import in larger quantity and blocking of the Working Capital Fund, started buying the RCN from Gujarat who are importing from other countries and also from Kolam, Tuticorin and Manglore.
Objects of the Issue
- Repayment of Unsecured Loans
- Long-term working capital requirement
- General Corporate Purpose,
- Meeting Public Issue Expenses.
Prospect Commodities Limited Financials:
Summary of financial Information (Restated Consolidated Statement)
| Particulars | For the year ended (₹ in lakh) | |
| 31-Mar-22 | 30-Nov-22 | |
| Total Assets | 1.05 | 977.07 |
| Total income | 0.00 | 839.98 |
| Total Expenses | 0.15 | 765.68 |
| Profit After Tax | (-0.15) | 52.85 |
Prospect Commodities IPO Price Details
| Description | IPO Details |
|---|---|
| Public Issue | Initial Public Issue of upto 12,26,000 Equity Shares of ₹ 10 (aggregating up to ₹ 747.86 Lakhs) |
| Issue Open Date | 08-Mar-23 |
| Issue Close Date | 10-Mar-23 |
| Issue Type | Fixed Price |
| IPO Price Band | ₹ 61 |
| Face Value | ₹ 10 |
| Market Lot | 2000 Equity Shares and in multiples thereof |
| Minimum Order Quantity | 2000 Equity Shares |
| Maximum Subscription Amount for Retail Investor | Rs. 2,00,000 |
| Listing | BSE SME |
| NSE Symbol | PROSPECT |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
Prospect Commodities IPO DRHP & RHP
Prospect Commodities IPO Lot Size
| Application | Lots | No of Shares | Amount (Rs) |
| Minimum | 1 | 2000 | ₹ 122,000 |
| Maximum | 1 | 2000 | ₹ 122,000 |
Prospect Commodities IPO Lead Managers
- Interactive Financial Services Ltd
Prospect Commodities IPO Registrar
Prospect Commodities IPO Allotment Date, Listing Date and other Important Dates
| Details | Date |
|---|---|
| Bid / Offer Opens on | 08-Mar-23 |
| Bid / Offer Closes on | 10-Mar-23 |
| Finalisation of Basis of Allotment | 15-Mar-23 |
| Initiation of refunds | 16-Mar-23 |
| Credit of the Equity Shares | 17-Mar-23 |
| Listing Date | 20-Mar-23 |
Company Registered Office
417, Sun Orbit B/h.
Rajpath Club Road, Bodakdev,
Ahmedabad – 380054,
Gujarat, India.
Website: www.prospectcommodities.com
Company Promoters
- Vimal Mishra
- Priyanka Mishra
Prospect Commodities IPO – FAQS
What is the Prospect Commodities IPO Price?
The Prospect Commodities IPO price band is Rs.61 per share
When Prospect Commodities IPO will open?
The Prospect Commodities IPO opens on Mar 08, 2023 and closes on Mar 10, 2023
What is the lot size of Prospect Commodities IPO?
The Prospect Commodities IPO lot size is 2000 Equity Shares and the minimum order quantity is 2000 Equity Shares
Who is the Registrar for Prospect Commodities IPO?
The Registrar for Prospect Commodities IPO is Bigshare Services Private Limited
How to apply in Prospect Commodities IPO through UPI?
Check the step by step process here – Click here
How to apply in Prospect Commodities IPO through Zerodha?
Check the step by step process here – Click here
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