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Prospect Commodities IPO GMP, Date, Price, Review, Allotment 2023 – IPO Watch

Written by on March 7, 2023

Prospect Commodities IPO Details: Prospect Commodities IPO date is fixed, The IPO will open on March 8 and will close on March 10, 2023. Prospect Commodities is a BSE SME IPO to raise ₹7.48 crores via IPO. The Prospect Commodities IPO price band is fixed at ₹61 with a market lot of 2000 shares.

Prospect Commodities Limited is one of the well-known brands engaged in the Cashew processing Industry. They are processors, exporters, and suppliers of Natural Cashew Kernel and many types of Flavoured Cashew Kernel. They deal in products with their brand name “DRIFRUTZ“.

Prospect Commodities have 5+ years experience of in the Cashew processing business. They supply a variety of grades of Cashew Kernel to the domestic market and International markets. DRIFRUTZ also deals with by-products of Cashew nuts like Cashew Husk / Cashew husk pellets / Cashew Shells. They are doing cashew trading in B2B Market and sell the Cashews to wholesalers in the state of Gujarat. They are supplying different grades like W180, W210, W240, W320, Split Cashew, Broken Cashew, etc. of cashew Kernel with the brand name DRIFRUTZ.

Objects of the Issue:

  • Repayment of Unsecured Loans.
  • Long-term working capital requirement.
  • General Corporate Purpose.
  • Meeting Public Issue Expenses.

Prospect Commodities IPO Review

Date GMP Kostak Subject to
7 March ₹- ₹- ₹-

Prospect Commodities IPO Date & Price Band Details

IPO Open: March 8, 2023
IPO Close: March 10, 2023
IPO Size: Approx ₹7.48 Crores, 1,226,000 Equity Shares
Face Value: ₹10 Per Equity Share
IPO Price Band: ₹61 Per Equity Share
IPO Listing on: BSE SME
Retail Quota: 50% of the net offer
NII Quota: 50% of the net offer
DRHP Draft Prospectus: Click Here
RHP Draft Prospectus: Click Here

Prospect Commodities IPO Market Lot

The Prospect Commodities IPO minimum market lot is 2000 shares with a ₹122,000 application amount.

Application Lot Size Shares Amount
Retail Minimum 1 2000 ₹122,000
Retail Maximum 1 2000 ₹122,000
S-HNI Minimum 2 4000 ₹244,000

Prospect Commodities IPO Dates

The Prospect Commodities IPO date is March 8 and the IPO close date is March 10. The IPO allotment date is March 15 and the IPO might list on March 20.

IPO Open Date: March 8, 2023
IPO Close Date: March 10, 2023
Basis of Allotment: March 15, 2023
Refunds: March 16, 2023
Credit to Demat Account: March 17, 2023
IPO Listing Date: March 20, 2023

You can check IPO subscription status and IPO allotment status on their respective pages.

Prospect Commodities IPO Form

How to apply Prospect Commodities IPO? You can apply Prospect Commodities IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Prospect Commodities IPO in the Invest section. The other option you can apply Prospect Commodities IPO via IPO forms download via the BSE website. Check out the Prospect Commodities forms – click BSE IPO Forms download, fill and submit in your bank or with your broker.

Prospect Commodities Company Financial Report

₹ in Crores
Year Revenue Expense PAT
2020 ₹- ₹- ₹-
2021 ₹- ₹- ₹-
2022 ₹0.00 ₹0.00 ₹0.00
2023 8M ₹8.40 ₹7.66 ₹0.53

Prospect Commodities IPO Valuation – FY2022

Check Prospect Commodities IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Earning Per Share (EPS): ₹16.78 per Equity Share
Price/Earning P/E Ratio: NA
Return on Net Worth (RoNW): 17.99%
Net Asset Value (NAV): ₹12.19 per Equity Share

Peer Group

  • Vimal Mishra
  • Priyanka Mishra

Prospect Commodities IPO Registrar

Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: http://www.bigshareonline.com

Prospect Commodities IPO Allotment Status

Check Prospect Commodities IPO allotment status on Bigshare website URL. Click Here

Prospect Commodities IPO Lead Managers

  • Interactive Financial Services Ltd

Company Address

Prospect Commodities Limited
417, Sun Orbit B/h. Rajpath Club Road,
Bodakdev,
Ahmedabad – 380054
Phone: 079-48000696
Email: [email protected]
Website: http://www.prospectcommodities.com/

Prospect Commodities IPO FAQs

What is Prospect Commodities IPO?

Prospect Commodities IPO is a BSE SME IPO. They are going to raise ₹7.48 Crores via IPO. The issue is priced at ₹61 per equity share. The IPO is to be listed on BSE.

When Prospect Commodities IPO will open?

The IPO is to open on March 8, 2023 for NII, and Retail Investors.

What is Prospect Commodities IPO Investors Portion?

The investors’ portion for NII is 50%, and Retail is 50%.

How to Apply the Prospect Commodities IPO?

You can apply Prospect Commodities IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Prospect Commodities IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Prospect Commodities”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Prospect Commodities IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Prospect Commodities”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Prospect Commodities IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Prospect Commodities”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Prospect Commodities IPO Size?

Prospect Commodities IPO size is ₹7.48 crores.

What is Prospect Commodities IPO Price Band?

Prospect Commodities IPO Price Band is ₹61 per equity share.

What is Prospect Commodities IPO Minimum and Maximum Lot Size?

The IPO bid is 2000 shares with ₹122,000.

What is Prospect Commodities IPO Allotment Date?

Prospect Commodities IPO allotment date is March 15, 2023.

What is Prospect Commodities IPO Listing Date?

Prospect Commodities IPO listing date is March 20, 2023. The IPO to list on BSE SME.

Note: The Prospect Commodities IPO details are announced officially. The IPO grey market premium (Prospect Commodities IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.)

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