Business Standard

Prospect Commodities Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

7.48 cr

Price Range (₹)

61

Lot Size

2000

Min Investment (₹)

1,22,000.00

Listing Exchange

BSE - SME

Open Date

08-Mar-2023

Close Date

13-Mar-2023

Listing Date

20-Mar-2023

Prospect Commodities Ltd News

    The Shares of Prospect Commodities Ltd have now been listed.

    Prospect Commodities Ltd IPO Details

    Initial public issue of 12,26,000 equity shares of face value of Rs. 10/- each of Prospect Commodities Limited (PCL or the Company or the Issuer) for cash at a price of Rs. 61/- per equity share including a share premium of Rs. 51/- per equity share (the Issue Price) aggregating to Rs. 7.48 crores (The Issue), of which 62,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 61/- per equity share including a share premium of Rs. 51/- per equity share aggregating to Rs. 0.38 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. net issue of 11,64,000 equity shares of face value of Rs. 10/- each at a price of Rs. 61/- per equity share aggregating to Rs. 7.10 crores is herein after referred to as the Net Issue. The issue and the net issue will constitute 29.97% and 28.46% respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10 each and the issue price is 6.1 times of the face value.Minimum application of 2000 equity shares and in multiples of 2000 equity shares thereafter.

    Objective of issue

    Repeyment of Unsecured Loans. Long term working capital requirements. General corporate purposes.

    Prospect Commodities Ltd Contact Details

    Prospect Commodities Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

    Phone - 91-22-62638200

    Fax - 91-22-63638299

    Email - info@prospectcommodities.com

    Website - www.prospectcommodities.com