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| IPO Listing At | BSE SME |
| SME IPO Issue Type | Fixed Price Issue |
| Total Issue Size | ₹7.48 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹7.48 Cr |
| Fresh Issue | ₹7.10 Cr |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹61.00 per share |
| Discount | Retail: 0.00 |
| BSE Code | 543814 |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead Managers | Interactive Financial Services Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 2,000 shares and in multiples thereof
Incorporated in 2022, Prospect Commodities Limited is majorly into the international trade of "Agro Products". The entity was recently incorporated as a company, earlier the operations were managed and controlled through the partnership firm under the name "M/s Fortune Exports".
The Promoter and Managing Director of the company, Mr. Vimal Mishra has experience of over a decade in different fields which harnesses the company's growth in the right direction.
Prospect Commodities Limited is in the business of trading cashew in the B2B Market. The entity sells the Cashews to wholesalers in the state of Gujarat. The cashews are packed in a tin of 10 KG. The Company buys RCN (Raw Cashew Nut) from Gujarat vendors itself, who are importing RCN from other countries and also from Kolam, Tuticorin, and Mangalore.
The products of Prospect include various grades of Cashews largely sold in Gujarat. These cashew grades are based on the size and color of the cashew nuts. The company has the following premium grades of Cashew to offer W400, W320, W240, W210, and W180.
Cashew Nuts themselves are premium dry fruit and require multiple processing stages to be sold as a finished product. Before reaching the doorstep of the end customer, the nuts undergo a series of processes. Prospect Commodities Limited undertakes the following processes:
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment of Unsecured Loans | 0.50 |
| 2 | Long-term working capital requirement | 4.40 |
| 3 | General Corporate Purpose, | 1.60 |
| Period Ended | 30 Nov 2022 | 31 Mar 2022 |
|---|---|---|
| Assets | 9.77 | 0.01 |
| Total Income | 8.40 | 0.00 |
| Profit After Tax | 0.53 | -0.00 |
| NET Worth | 2.94 | 0.01 |
| Reserves and Surplus | 0.53 | -0.00 |
| Total Borrowing | 3.64 | 0.00 |
| Amount in ₹ Crore | ||
| KPI | |
|---|---|
| ROE | -17.65% |
| ROCE | -17.65% |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| P/E (x) | 31.44 | |
| Promoter Holding | 88.44% | 61.94% |
| Market Cap | ₹24.95 Cr. | |
