Prospect Commodities Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 582,000 (47%) | — | ₹355 Cr |
| Retail | — | 582,000 (47%) | — | ₹355 Cr |
| Market Maker | — | 62,000 (5%) | — | ₹4 Cr |
| Σ Total | — | 1,226,000 (100%) | — | ₹7,479 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹122,000 |
| Retail (Max) | 13 | 26,000 | ₹1,586,000 |
| S-HNI (Min) | 14 | 28,000 | ₹1,708,000 |
| B-HNI (Min) | 67 | 134,000 | ₹8,174,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 30-Nov-22 | 31-Mar-22 |
|---|---|---|
| Revenue | 840 | 0 |
| Profit After Tax | 53 | 0 |
| Net Worth | 294 | 1 |
| Total Assets | 977 | 1 |
| Reserves & Surplus | 53 | 0 |
| Total Borrowing | 364 | 0 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Repayment of Unsecured Loans – 0.50
- Long-term working capital requirement – 0.40
- General Corporate Purpose, – 1.60
Company Overview
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:
- Cleaning
- Boiling and Cooling
- De Shelling
- Drying
- Moisture and Peeling
- Sorting
- Drying
- Grading
- Manual Sorting and Grading
- Drying before Dispatch
- Packing and Dispatch