Prospect Commodities IPO Details ( Prospect Commodities Limited IPO Review)
(08 Mar 2023 – 13 Mar 2023)
Prospect Commodities Limited, established in 2022, primarily focuses on the global trade of agricultural products. Before becoming a company, the enterprise was operating as a partnership firm named “M/s Fortune Exports,” which was responsible for managing and overseeing its activities.
With over a decade of experience in various fields, Mr. Vimal Mishra, the Promoter and Managing Director of the company, brings invaluable expertise that steers the company towards its growth trajectory.
Prospect Commodities Limited operates in the B2B market and specializes in trading cashews. The company primarily sells cashews to wholesalers based in Gujarat and packages them in tins weighing 10 kg. To obtain the cashews, the company sources raw cashew nuts (RCN) from vendors in Gujarat who import RCN from various countries as well as from locations such as Kolam, Tuticorin, and Mangalore.
Prospect Commodities Limited offers a range of cashew products that are predominantly sold in Gujarat. These products vary based on the size and color of the cashew nuts, and the company offers several premium grades of cashew, including W400, W320, W240, W210, and W180.
Cashew nuts are considered premium dry fruits that require several processing stages to be sold as finished products. Before reaching the end customer, the nuts undergo various processing stages. Prospect Commodities Limited undertakes the following processes:
- Cleaning
- Boiling and Cooling
- De Shelling
- Drying
- Moisture and Peeling
- Sorting
- Drying
- Grading
- Manual Sorting and Grading
- Drying before Dispatch
- Packing and Dispatch
Prospect Commodities IPO Competitive Strength
- Experienced Promoter
- Existing client relationship
- Strategically located manufacturing facilities with modern machines
- Quality Service
Prospect Commodities IPO Financials Performance ( Results )
Prospect Commodities Limited Financial Information ( Restated Standalone )
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS | Net Worth | Reserves | Borrowing |
| 31-Mar-22 | 1.05 | 0.00 | -0.15 | – | 0.85 | -0.15 | 0.05 |
| 30-Nov-22 | 977.07 | 839.98 | 52.85 | 16.78 | 293.70 | 52.70 | 363.57 |
Objective of IPO Issue
- Repayment of Unsecured Loans
- Long-term working capital requirement
- General Corporate Purpose
- Meeting Public Issue Expenses
Prospect Commodities IPO Basic Details
| IPO Date | Mar 08, 2023 to Mar 13, 2023 |
| Listing Date | Friday, March 21, 2023 |
| Face Value | ₹10 per share |
| Price | ₹61 per share |
| Lot Size | 2000 Shares |
| Issue Size | 1,226,000 shares of ₹10 (aggregating up to ₹7.48 Cr) |
| Fresh Issue | 1,226,000 shares of ₹10 (aggregating up to ₹7.48 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| NII (HNI) Shares Offered | 50% of the Offer |
| Retail Shares Offered | 50% of the Offer |
| Company Promoters | Vimal Mishra and Priyanka Mishra |
Prospect Commodities IPO Timetable
Prospect Commodities IPO will open on Mar 08, 2023 and close on Mar 13, 2023. You can join Prospect Commodities IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | Mar 08, 2023 |
| Closing Date | Mar 13, 2023 |
| Basis of Allotment | Mar 16, 2023 |
| Initiation of Refunds | Mar 17, 2023 |
| Credit of Shares to Demat | Mar 20, 2023 |
| Listing Date | Mar 21, 2023 |
Prospect Commodities IPO Lot Size
For retail investors in Prospect Commodities IPO, 2000 shares will come in 1 lot or the minimum investment will be ₹122,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹122,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 2000 | ₹122,000 |
| Retail (Max) | 1 | 2000 | ₹122,000 |
| S-HNI (Min) | 2 | 4000 | ₹244,000 |
Prospect Commodities IPO Promoter Holding
| Pre Issue Share Holding | 88.44% |
| Post Issue Share Holding | 61.94% |
Prospect Commodities IPO Valuation – FY2022
| Earning Per Share (EPS) | ₹16.78 per Equity Share |
| Price/Earning P/E Ratio | 3.64 |
| Return on Net Worth (RoNW) | 17.99% |
| Net Asset Value (NAV) | ₹12.19 per Equity Share |
| Upper Price/Book Value (Price/BV) Ratio | – |
Prospect Commodities Ltd Peer comparison
| Company Name | CPM | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) | P/BV Ratio |
| Prospects Commodities Limited | 61 | 10.00 | 16.78 | 3.64 | 17.99 | 12.19 | – |
| Peer Group | |||||||
| Empyren Cashews Limited | 242 | 10.00 | 2.32 | 104.35 | 8.05 | 21.33 | 12.2 |
Prospect Commodities IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 16 March 2023 | ₹-7 | – | – |
| 15 March 2023 | ₹-7 | – | – |
| 14 March 2023 | ₹-6 | – | – |
| 13 March 2023 | ₹-5 | – | – |
| 12 March 2023 | ₹-5 | – | – |
| 11 March 2023 | ₹-5 | – | – |
| 10 March 2023 | ₹-5 | – | – |
| 09 March 2023 | ₹-5 | – | – |
| 08 March 2023 | ₹0 | – | – |
| 07 March 2023 | ₹0 | – | – |
Prospect Commodities IPO Detail Video:
Prospect Commodities IPO Subscription Status (Bidding Detail)
The Prospect Commodities IPO on Mar 13, 2023 at 7:00:00 PM was subscribed 5.31 times, with the retail category being subscribed 3.76 times, the NII (Non-Institutional Investor) category being subscribed 6.85 times.
| Category | Subscription |
| NII | 6.85x |
| Retail | 3.76x |
| Total | 5.31x |
Prospect Commodities IPO Prospectus
Prospect Commodities IPO Rating
| Our Rating | 1.0/5.0 |
Prospect Commodities Compnay Contact Information
PROSPECT COMMODITIES LIMITED
Registered office: 417, Sun Orbit B/h. Rajpath Club Road, Bodakdev,
Ahmedabad – 380054, Gujarat, India.
Tel No.: 079-48000696
Website: www.prospectcommodities.com
E-Mail: info@prospectcommodities.com
Contact Person: Bhargavi Pandya, Company Secretary and Compliance Officer
PROMOTER OF THE COMPANY: Vimal Mishra and Priyanka Mishra
CIN: U01400GJ2022PLC128482
Prospect Commodities IPO Registrar
BIGSHARE SERVICES PRIVATE LIMITED
Address: Office No. S6-2, 6th Floor, Pinnacle Business Park, Next
to Ahura Centre, Mahakali Caves Road, Andheri (East), Mumbai –
400093
Tel No: +91 22-62638200
Fax No: +91 22-62638299
Website: www.bigshareonline.com
E-Mail: ipo@bigshareonline.com
Investor Grievance Email: investor@bigshareonline.com
Contact Person: Aniket Chindarkar
SEBI Reg. No.: INR000001385
Prospect Commodities IPO Lead Manager
INTERACTIVE FINANCIAL SERVICES LIMITED
Address: 612, 6th Floor, Shree Balaji Heights, Kokilaben Vyas
Marg, Ellisbridge, Ahmedabad – 380 009, Gujarat, India
Tel No.: 079 46019796, (M) +91-9898055647
Web Site: www.ifinservices.in
Email: mbd@ifinservices.in
Investor Grievance Email: info@ifinservices.in
Contact Person: Pradip Sandhir
SEBI Reg. No.: INM000012856
Prospect Commodities IPO FAQs
What is the lot size of Prospect Commodities IPO?
The total size of Prospect Commodities IPO is ₹7.48 crores and this is a complete fresh Issue.
When will Prospect Commodities IPO start?
Prospect Commodities IPO will Open from 08 March 2023 and IPO will Close on 13 March 2023.
What is the open date of Prospect Commodities IPO?
Prospect Commodities IPO will start from 08 March 2023.
What is the last date ( close date ) of Prospect Commodities IPO?
Prospect Commodities IPO will close from 13 March 2023.
What is the price band of Prospect Commodities IPO?
Prospect Commodities IPO price band is ₹61.
What is the minimum amount required to apply for Prospect Commodities IPO?
The minimum investment for retailers to apply for Prospect Commodities IPO is ₹122,000 and the maximum investment is ₹122,000.
What is going on gray market premium of Prospect Commodities IPO?
View gray market premium of Prospect Commodities IPO by Clicking Here
How much is the GMP of Prospect Commodities IPO?
Watch Prospect Commodities IPO GMP Today: Click Here
What is the allotment date of Prospect Commodities IPO?
The allotment date of Prospect Commodities IPO is 16 March 2023.
How to check allotment status in Prospect Commodities IPO?
To check the allotment status of Prospect Commodities IPO, first of all go to the registrar website by clicking here, select your bad Prospect Commodities IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Prospect Commodities IPO?
The listing date of Prospect Commodities IPO is 21 March 2023.
How much will be the listing gain in Prospect Commodities IPO?
View listing gain of Prospect Commodities IPO by Clicking Here
How much time Prospect Commodities IPO is subscribed?
Total 5.31 times subscribed in Prospect Commodities IPO out of which 3.76 times subscription was done in retail quota and 6.85 times subscription in NII quota.
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