Prospect Commodities Limited IPO
i. Prospect Commodities 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.
ii. 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.
iii. Their product includes Cashews of different grades and packed in 10 KG tin pack. The Grade of the cashew nuts are on the basis of size of the cashew nuts and colour of the cashew nuts. The Company has following premium grades such as W400, W320, W240, W210 and W180, DW and SW. During the Production the company also get the Broken cashew nuts, split cashew nuts which are also sold in the market. The products are processed under hygienic condition following the specific food grade standards recommended by the industry.
iv. The cashew husk which is after processing RCN is also by product and the same is also sold to Tannery Industries by the Company. Company also sells Cashew Nut shell which is the basic raw material to produce CNSL Oil which is useful in many industries like Paint / Oil / Laminates etc.
2. Boiling and Cooling:
3. De shelling:
5. Moisture and Peeling:
9. Manual Sorting and Grading:
10. Drying before Dispatch:
11. Packing and Dispatch
i. Existing client relationship
ii. Strategically located manufacturing facilities with modern machines
iii. Quality Service
Objects of the Prospect Commodities Limited IPO:
Prospect Commodities Limited IPO Details:
|Open Date:||Mar 08 2023|
|Close Date:||Mar 10 2023|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Fixed Price Issue IPO|
|Issue Size:||7.48 Cr.|
|Lot Size:||2000 Shares|
|Issue Price:||₹ 61 Per Equity Share|
|Listing At:||BSE SME|
|Listing Date:||Mar 20 2023|
Promoters And Management:
Financials of Prospect Commodities Limited IPO:
|Particulars ( In Lakhs )||8MFY23|
|Revenue from Operations||839|
|Cost of Materials Consumed||164|
|Purchase of traded goods||475|
|Employee Benefits Expense||20|
|Depreciation & Amortisation||31|