Prospect Commodities Limited
BSE SME₹122,000 / 2000 Shares
Prospect Commodities Limited IPO Details
The Prospect Commodities Limited IPO price band is set between ₹61 per equity share, with a face value of ₹10 per share. The issue is managed by Bigshare Services Pvt Ltd, and the equity shares are proposed to be listed on the BSE SME.
The IPO date for subscription opens on 8 Mar, 2023 and closes on 13 Mar, 2023. Investors can check the allotment status on 16 Mar, 2023, while the listing date is tentatively scheduled for 20 Mar, 2023.
The total issue size is 1,226,000 shares of ₹10, aggregating up to ₹7.48 Cr. Stay tuned for the latest Prospect Commodities Limited IPO review and GMP updates.
Prospect Commodities Limited IPO Review, Rating & Analysis
Prospect Commodities Limited IPO Review
NO REVIEWProspect Commodities Limited IPO Rating
Prospect Commodities Limited IPO Highlights
IPO Date
Mar 8, 2023 - Mar 13, 2023
Listing Date
20 Mar, 2023
Face Value
₹10 Per Equity Share
Price Band
₹61 per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE SME
Prospect Commodities Limited IPO Lot Size
The minimum market lot for Prospect Commodities Limited IPO is 2000 shares with an application amount of ₹1,22,000. Retail investors can apply for up to 1 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹1,22,000 |
| Retail (Max) | 1 | 2000 | ₹1,22,000 |
| S-HNI (Min) | 2 | 4000 | ₹2,44,000 |
| S-HNI (Max) | 8 | 16000 | ₹9,76,000 |
| B-HNI (Min) | 9 | 18000 | ₹10,98,000 |
Prospect Commodities Limited IPO Timeline
Issue Price
₹61 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE SMERegistrar
Bigshare Services Pvt LtdLead Manager
Interactive Financial Services LtdIssue Size
1,226,000 shares of ₹10(aggregating up to ₹7.48 Cr)Prospect Commodities Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 30 Nov 22 | 977.07 | 839.98 | 52.85 | - | - | - |
| 31 Mar 22 | 1.05 | 0.00 | -0.15 | - | - | - |
All values are in ₹ Lakh
Promoters & Share Holding
Promoter(s) Name
- Vimal Mishra
- Priyanka Mishra
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 88.44% | 61.94% |
About Company
Incorporated in 2022, Prospect Commodities Limited is majorly into the international trade of Agro Products. The entity was recently incorporated as a company, earlier the operations were managed and controlled through the partnership firm under the name M/s Fortune Exports.
The Promoter and Managing Director of the company, Mr. Vimal Mishra has experience of over a decade in different fields which harnesses the company's growth in the right direction.
Prospect Commodities Limited is in the business of trading cashew in the B2B Market. The entity sells the Cashews to wholesalers in the state of Gujarat. The cashews are packed in a tin of 10 KG. The Company buys RCN (Raw Cashew Nut) from Gujarat vendors itself, who are importing RCN from other countries and also from Kolam, Tuticorin, and Mangalore.
The products of Prospect include various grades of Cashews largely sold in Gujarat. These cashew grades are based on the size and color of the cashew nuts. The company has the following premium grades of Cashew to offer W400, W320, W240, W210, and W180.
Cashew Nuts themselves are premium dry fruit and require multiple processing stages to be sold as a finished product. Before reaching the doorstep of the end customer, the nuts undergo a series of processes.
Prospect Commodities Limited IPO Subscription Details
| As on | QIB/NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 582,000 | 582,000 | 1,164,000 |
Day 1 -08-03-23 06:00 PM | 3.92 x | 0.22 x | 2.07 x |
Day 2 -09-03-23 06:00 PM | 4.17 x | 0.62 x | 2.39 x |
Day 3 -10-03-23 06:00 PM | 4.65 x | 1.63 x | 3.13 x |
Day 4 -13-03-23 06:00 PM | 6.85 x | 3.76 x | 5.31 x |
Frequently Asked Questions about Prospect Commodities Limited IPO
When will Prospect Commodities Limited IPO open for subscription?
The Prospect Commodities Limited IPO opens on 8 Mar, 2023 and closes on 13 Mar, 2023.
What is the investors portion for Prospect Commodities Limited IPO?
The investors' portion for QIB is , NII is N/A, and Retail is 582000.
How to apply for Prospect Commodities Limited IPO?
You can apply for Prospect Commodities Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Prospect Commodities Limited IPO?
The issue size of Prospect Commodities Limited IPO is approx ₹1,226,000 shares of ₹10(aggregating up to ₹7.48 Cr) crores.
What is the price band of Prospect Commodities Limited IPO?
The price band for Prospect Commodities Limited IPO is ₹61 per equity share to ₹undefined.
What is the lot size of Prospect Commodities Limited IPO?
The minimum bid (lot size) for Prospect Commodities Limited IPO is N/A shares with an investment of approx ₹122,000 .
What is the allotment date of Prospect Commodities Limited IPO?
The allotment date for Prospect Commodities Limited IPO is 16 Mar, 2023.
What is the listing date of Prospect Commodities Limited IPO?
The listing date for Prospect Commodities Limited IPO is expected to be 20 Mar, 2023.
What is the GMP of Prospect Commodities Limited IPO?
The latest Grey Market Premium (GMP) for Prospect Commodities Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.