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Prospect Commodities IPO GMP, Price, Dates & Allotment Details 2023

Prospect Commodities IPO GMP, Price, Dates & Allotment Details 2023

The Prospect Commodities IPO will open on March 8 and close on March 10, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 7.48 crore through this public offering, consisting of 1,226,000 shares of face value of ₹ 10 each. Which will be issued at a price of ₹ 61 per share.

The business originally started as a partnership firm in 2015. a company incorporated in 2022 named Prospect Commodities Private Limited. The company had taken over the running business of the partnership firm with all assets and liabilities as of April 1, 2022, by entering into a memorandum of understanding.

The company is in the business of trading cashews in the B2B market. The company is selling the cashews to wholesalers only in the state of Gujarat. Currently, the company is not able to cater to the demand of Gujarat State; hence, it has not ventured to supply or develop markets outside of Gujarat. The cashews are packed in a tin weighing 10 kg.

Objects of the Issue

The company proposes to utilize the net proceeds of the Fresh Issue towards funding the following objects:

  1. Repayment of Unsecured Loans
  2. Long-term working capital requirement
  3. General Corporate Purpose
  4. Meeting public issue expenses

Financial Highlights (Restated)

ParticularsPeriod ended on 30th Nov. 2022FY 2021-22
Net Worth293.070.85
Total Assets977.071.05
Total Borrowings363.570.05
Total Revenue839.980.00
Profit After Tax52.85(0.15)
(Amount in ₹ Lakhs)

Prospect Commodities IPO – Details

As per the DRHP filed with SEBI, a total of 12.26 lakh shares will be offered as part of the fresh issue on the BSE SME segment. The face value of the shares is ₹ 10. The market maker would receive 62,000 shares of the offering. While Interactive Financial Services Ltd will be the lead manager for the IPO, Bigshare Services Pvt Ltd will be the registrar. It will be a Fixed Price Issue IPO, so there will be a price at which the securities are offered or allotted is known in advance to the investor.

Issue TypeFixed Price Issue IPO
IPO Price₹ 61 per share
Face Value₹ 10 per share
Market Lot2,000 Shares
Issue Size1,226,000 shares of ₹ 10  (Aggregating up to ₹ 7.48 Crore)
Fresh Issue1,226,000 shares of ₹ 10  (Aggregating up to ₹ 7.48 Crore)
Market Maker Portion62,000 shares
Market Maker BEELINE BROKING LTD.
NII (HNI) Shares Offered50% of the Net Issue
Retail Shares Offered50% of the Net Issue
Listing AtBSE SME
Company PromotersVimal Mishra and Priyanka Mishra

GMP – Prospect Commodities IPO

Prospect Commodities’ IPO GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilize after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.

Tentative Dates – Prospect Commodities IPO

The issue opens for subscription on March 8, 2023, and closes for subscription on March 10, 2023 (both days inclusive). The basis of allotment will be finalized on March 15th, 2023, and the refunds will be initiated on March 16th, 2023. In addition, the demat credits are expected to happen on March 17th, 2023, and the stock will list on March 20th, 2023, on the BSE SME segment. 

Opening DateMarch 8, 2023
Closing DateMarch 10, 2023
Basis of AllotmentMarch 15, 2023
Initiation of RefundsMarch 16, 2023
Credit of shares to Demat A/cMarch 17, 2023
Listing DateMarch 20, 2023

Lot Size – Prospect Commodities IPO

The lot size of the Prospect Commodities IPO is 2,000 shares. A retail-individual investor can apply for up to  lots, i.e. 2,000 shares of  ₹ 122,000.

ApplicationsLotsSharesAmount 
Retail (Minimum)12,000₹ 122,000
Retail (Maximum)12,000₹ 122,000
HNI (Minimum)24,000₹ 244,000

Promoters Holdings – Prospect Commodities IPO

Pre-issue Shares Holdings88.44%
Post-issue Shares Holdings61.94%

SWOT Analysis – Prospect Commodities IPO

STRENGTHSWEAKNESSES
1. In depth International Market knowledge of promoters.
2. Quality Assurance. 
3. Robust Sales Channel.
1. Low production Capacity.
2. Working capital constraint.
OPPORTUNITIESTHREATS
1. New business from existing clients.
2. New product launch.B2C segment.
3. Geographical Expansion. Enhancement of production capacity.
4. Trading of other dry fruits along with cashew nuts. 
1. Highly Competitive Business.
2. Low price offered by other manufacturers.
3. Suppliers from other countries offering better prices.
4. Changes in the custom duty in the importing country.
5. Changes in government policies. 
6. Fluctuations in raw material prices. 

Miscellaneous Information

Download Prospectus (PDF)IPO DRHP
IPO RHP
Company Contact InformationProspect Commodities Limited
417, Sun Orbit B/h. Rajpath Club Road, Bodak dev, Ahmedabad – 380054
Phone: 079-48000696
Email: [email protected]
Website: http://www.prospectcommodities.com/
IPO RegistrarBigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://www.bigshareonline.com/
IPO Lead Manager(s)Interactive Financial Services Ltd 

FAQ’s

The Prospect Commodities Ltd. IPO price is ₹ 61 per share.

One lot of the Prospect Commodities Ltd. IPO contains 2,000 shares of ₹ 122,000.

The minimum investment size is one lot for retail investors.

The finalisation of the basis of allotment for the Prospect Commodities Ltd. IPO will be done on March 15, 2023, and the allotted shares will be credited to your demat account by March 17, 2023. Check the Prospect Commodities Ltd. IPO allotment status.

The Prospect Commodities Ltd. IPO shares listing date is March 20, 2023.

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