Pratham EPC Projects Limited IPO
Pratham EPC Projects Limited, originally established as Pratham EPC Projects Private Limited, is a company that has evolved from its initial incorporation on October 27, 2014, into a public limited entity as of July 28, 2023, following a shareholder resolution on July 21, 2023. Located in Ahmedabad, Gujarat, India, the company specializes in engineering, procurement, construction, and commissioning (EPCC) services, primarily catering to the oil and gas distribution sector in India.
Business Scope and Services
Pratham EPC Projects Limited is engaged in laying pipeline networks and constructing associated facilities, alongside offering operations and maintenance services to City Gas Distribution (CGD) companies across India. The company’s expertise spans across various pipeline projects, including those for oil, gas, and water distribution, on a turnkey basis which encompasses engineering, procurement, construction, horizontal directional drilling, and the provision of civil, electromechanical, and instrumentation services.
Revenue Streams
The company’s revenue is derived from two main business verticals:
- Gas & Oil Pipeline Projects,
- Water Pipeline Projects.
Subsidiary Acquisition
As an extension of its growth strategy, Pratham EPC Projects Limited has increased its stake in Pipeflow Integrity India Private Limited (PIIPL) to 52%, making PIIPL a subsidiary as of May 26, 2023. This acquisition is part of the company’s efforts to expand its service offerings and strengthen its position in the market.
Conclusion
Pratham EPC Projects Limited’s business overview highlights its strong foundation, experienced leadership, comprehensive service offerings, and a robust order book, which collectively position the company for continued growth and success in the engineering, procurement, construction, and commissioning sector, particularly within the oil and gas distribution industry in India.
Objects of the Pratham EPC Projects Limited IPO:
Pratham EPC Projects Limited IPO Details:
Open Date: | Mar 11 2024 |
Close Date: | Mar 13 2024 |
Total Shares: | 4,800,000 |
Face Value: | ₹ 10 Per Equity Share |
Issue Size: | 36.00 Cr. |
Lot Size: | 1600 Shares |
Issue Price: | ₹ 71 - 75 Per Equity Share |
Listing At: | NSE Emerge |
Listing Date: | Mar 18 2024 |
Promoters And Management:
Financials of Pratham EPC Projects Limited IPO:
Particulars ( In Lakhs ) |
2021 |
2022 |
2023 |
6M-FY24 |
Revenue from Operations | 3,058 | 5,047 | 5,020 | 3,430 |
Other Income | 27 | 16 | 147 | 151 |
Total Revenue | 3,085 | 5,063 | 5,167 | 3,581 |
Cost of materials consumed | 1,869 | 2,782 | 2,835 | 1,707 |
Changes in inventories | -26 | -159 | -550 | -880 |
Employees Benefit Expenses | 348 | 574 | 694 | 744 |
Other Expenses | 631 | 1,160 | 1,008 | 1,149 |
EBITDA | 263 | 705 | 1,181 | 861 |
Depreciation & Amortisation | 60 | 69 | 92 | 57 |
Finance cost | 51 | 46 | 73 | 102 |
EBIT | 203 | 635 | 1,090 | 803 |
OPM (%) | 8.51% | 13.92% | 22.86% | 24.03% |
PBT | 152 | 589 | 1017 | 702 |
Tax | 39 | 148 | 253 | 178 |
PAT | 113 | 441 | 764 | 523 |
NPM (%) | 3.66% | 8.72% | 14.79% | 14.61% |
No.of Shares | 177.60 | 177.60 | 177.60 | 177.60 |
EPS | 0.63 | 2.48 | 4.30 | 2.94 |
Comparison With Peers:
Name of the Company | Revenue (In Crore) | PAT (In Crore) | EPS ( in Rs) | P/E | CMP | Mcap (In Crore) |
Pratham EPC Projects Limited | 50 | 8 | 4.30 | 17.4 | 75 | 133 |
Likhitha Infrastructure Limited | 351 | 60 | 15.22 | 16.2 | 262 | 1,034 |
Lead Manager of Pratham EPC Projects Limited IPO:
Registrar of Pratham EPC Projects Limited IPO:
Company Address:
Discussion on Pratham EPC Projects Limited IPO:
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