✓
Open
8 Mar 2023
✓
Close
13 Mar 2023
3
Allotment
—
✓
Listing
Mon, Mar 20, 2023
Price Band
₹61 per share
Issue Size
12,26,000 shares (agg. up to ₹7 Cr)
Lot Size
2,000 Shares
Listing Date
Mon, Mar 20, 2023
Latest GMP
₹2
Est. Gain
3.28%
✦ AI Insight
GMP Trend
20-03-2023₹2Est. ₹63+3.28%
19-03-2023₹-9Est. ₹52-14.75%
18-03-2023₹-9Est. ₹52-14.75%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 5.23x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Nov 2022 | 31 Mar 2022 |
|---|---|---|
| Assets | 9.77 | 0.01 |
| Total Income | 8.40 | 0.00 |
| Profit After Tax | 0.53 | -0.00 |
| NET Worth | 2.94 | 0.01 |
| Reserves and Surplus | 0.53 | -0.00 |
| Total Borrowing | 3.64 | 0.00 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Upsurge Seeds of Agriculture Ltd. | SME | ₹22.81 Cr | ₹120 | 21.35 | ₹147.00 | +22.50% | ₹83.95 (+0.00%) |
| Pearl Green Clubs & Resorts Ltd. | SME | ₹11.72 Cr | ₹186 | 53.6 | ₹198.50 | +6.72% | ₹93.95 (+2.23%) |
| KCK Industries Ltd. | SME | ₹4.50 Cr | ₹30 | 12.4 | ₹26.25 | -12.50% | ₹16.30 (+2.52%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment of Unsecured Loans | 0.50 |
| 2 | Long-term working capital requirement | 4.40 |
| 3 | General Corporate Purpose, | 1.60 |
About Prospect Commodities IPO
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 reachin
Contact Details
Prospect Commodities Ltd. Address417, Sun Orbit B/h.Rajpath Club RoadBodakdevAhmedabad, Gujarat, 380054079-48000696info@prospectcommodities.comVisit Website