Pratham EPC Projects Limited
Pratham EPC Projects Limited is an infrastructure development company that offers a range of services in India in engineering, procurement, and construction.
About Company
Pratham EPC Projects Limited specializes in infrastructure development. With a steadfast commitment to quality and sustainability, Pratham EPC has carved a niche for itself in the competitive construction industry.
Company Overview:
Established with a vision to contribute significantly to the infrastructure growth of the nation, Pratham EPC Projects Limited has been at the forefront of numerous landmark projects. The company specializes in Engineering, Procurement, and Construction (EPC), delivering end-to-end solutions that encompass design, planning, execution, and maintenance.
Projects and Achievements:
Pratham EPC's portfolio boasts a diverse range of projects including highways, bridges, tunnels, and energy plants. One of their most notable achievements is the construction of the state-of-the-art hydroelectric power plant that not only powers thousands of homes but also adheres to stringent environmental standards.
Sustainability and Innovation:
Sustainability is at the core of Pratham EPC's ethos. The company employs innovative techniques and materials to minimize environmental impact while maximizing efficiency. Their use of recycled materials and green technologies sets them apart as industry leaders in eco-friendly construction practices.
Company Financials
IPO Timeline (Tentative Timetable)
IPO Open Date: March 11, 2024
IPO Close Date: March 13, 2024
Price Band: INR 71 to INR 75 per share
Anchor Investors and Pre-IPO Funding
Anchor Bid Date: March 7, 2024
Shares Offered to Anchor Investors: 1,366,400
Amount Raised from Anchor Investors: INR 10.25 Crores
IPO Subscription Process
The IPO subscription opened with great anticipation on March 11, 2024.
Investors had until March 13, 2024, to place their bids, with the cut-off time for UPI mandate confirmation set at 5 PM on the closing day.
Post-IPO Events
Basis of Allotment Date: March 14, 2024
Initiation of Refunds: March 15, 2024
Credit of Shares to Demat Accounts: March 15, 2024
Listing Date: March 18, 2024
IPO Details
Competitive Strength
Pratham EPC Projects Limited has emerged as a formidable player in the Engineering, Procurement, and Construction (EPC) sector, particularly within the realms of gas and oil pipeline projects as well as water pipeline projects. This blog post delves into the competitive strengths that position Pratham EPC Projects Limited as a leader in its field.
Strong Business Verticals
Pratham EPC Projects Limited operates two primary business verticals:
1. Gas & Oil Pipeline Projects: The company offers comprehensive infrastructure services to Oil & Gas distribution companies across India. This includes mainline welding, tie-in, coating, hydro testing, and pipeline commissioning.
2. Water Pipeline Projects: In addition to its prowess in the oil and gas sector, Pratham EPC Projects also undertakes significant offshore projects for water distribution.
Execution Capabilities
The company's execution capabilities are robust, with in-house design, engineering, procurement, construction, and quality assurance processes that ensure project success from start to finish.
Financial Health
Pratham EPC Projects Limited has demonstrated strong financial health with consistent revenue growth over the past few years. The company has completed over 12 projects totaling around Rs. 131.84 cr and has 8 ongoing projects with a combined worth of approximately Rs. 296.66 cr.
Quality Certifications
The company is ISO certified for customer satisfaction (ISO 10002:2018), environmental management (ISO 14001:2015), Occupational Health and Safety (ISO 18001:2007), and quality management (ISO 9001:2015), which speaks volumes about its commitment to quality and safety standards.
Company's Past Financial Performance
Pratham EPC Projects Limited’s financial performance over the past three years:
FY 2021:Total Income: ₹30.85 crores
Net Profit: ₹1.13 crores
FY 2022:Total Income: ₹50.63 crores
Net Profit: ₹4.41 crores
FY 2023:Total Income: ₹51.67 crores
Net Profit: ₹7.64 crores
Additionally, for the first half of FY 2024 (ending on September 30, 2023), Pratham EPC earned a net profit of ₹5.23 crores on a total income of ₹35.81 crores1234. These figures demonstrate the company’s growth trajectory and financial stability over the specified period.