Founded in 2022, Prospect Commodities Limited specializes in the international trade of “Agro Products,” with a primary focus on trading cashew in the B2B market. Prior to its incorporation as a company, the operations were managed through the partnership firm “M/s Fortune Exports.”
Guided by the expertise of Mr. Vimal Mishra, the Promoter and Managing Director with over a decade of experience in various fields, Prospect Commodities is strategically poised for growth and success.
The company primarily deals in cashew trading and supplies cashews to wholesalers in Gujarat. The cashews are meticulously packed in 10 KG tins. Prospect Commodities sources Raw Cashew Nuts (RCN) from vendors in Gujarat, who import RCN from various countries and also from Kolam, Tuticorin, and Mangalore.
Prospect Commodities Limited offers various grades of cashews, predominantly catering to customers in Gujarat. These grades are differentiated based on the size and color of the cashew nuts. The company’s premium grades of Cashew include W400, W320, W240, W210, and W180.
The journey of cashew nuts from raw material to the finished product involves multiple stages of processing. Prospect Commodities undertakes meticulous processes such as cleaning, boiling, cooling, de-shelling, drying, moisture and peeling, sorting, grading, manual sorting and grading, and final drying before dispatch. The cashews are then carefully packed and dispatched to reach the end customer in optimal condition.
With a dedicated commitment to quality and a seamless supply chain, Prospect Commodities Limited continues to grow as a trusted player in the agro-products trading industry, offering premium cashew products to wholesalers and customers in Gujarat and beyond.
Prospect Commodities Ltd Stock Quote #
- Open: ₹65.00
- High – Low: ₹75.00 – ₹65.00
- Previous Close: ₹63.50
- Total Traded Value: 34,000
- 52 Weeks High: ₹76.70 (May 26, 2023)
- 52 Weeks Low: ₹57.99 (Mar 31, 2023)
- Updated On: Jul 24, 2023 4:00 PM
Prospect Commodities IPO Details #
| IPO Date | Mar 8, 2023 to Mar 13, 2023 |
| Listing Date | Mar 20, 2023 |
| Face Value | ₹10 per share |
| Price | ₹61 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 1,226,000 shares (aggregating up to ₹7.48 Cr) |
| Fresh Issue | 1,226,000 shares (aggregating up to ₹7.48 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 62,000 shares Beeline Broking |
Prospect Commodities IPO Reservation #
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 62,000 (5.06%) |
| Other Shares Offered | 582,000 (47.47%) |
| Retail Shares Offered | 582,000 (47.47%) |
| Total Shares Offered | 1,226,000 (100%) |
Prospect Commodities IPO Timetable (Tentative) #
Prospect Commodities IPO opens on Mar 8, 2023, and closes on Mar 13, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Wednesday, 8 March 2023 |
| Closing Date | Monday, 13 March 2023 |
| Basis of Allotment | Thursday, 16 March 2023 |
| Initiation of Refunds | Friday, 17 March 2023 |
| Credit of Shares to Demat | Monday, 20 March 2023 |
| Listing Date | Monday, 20 March 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mar 13, 2023 |
Prospect Commodities IPO Lot Size #
The Prospect Commodities IPO lot size is 2000 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹122,000 |
| Retail (Max) | 1 | 2000 | ₹122,000 |
| HNI (Min) | 2 | 4,000 | ₹244,000 |
| Lot Size Calculator | |||
Prospect Commodities IPO Promoter Holding #
Vimal Mishra and Priyanka Mishra are the Promoters of the Company.
| Pre Issue Share Holding | 88.44% |
| Post Issue Share Holding | 61.94% |
Company Financials #
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total 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 | 293.70 | 52.70 | 363.57 |
| Amount in ₹ Lakhs | ||||||
Key Performance Indicator #
| KPI | Values |
|---|---|
| P/E (x) | 31.44 |
| Market Cap (₹ Cr.) | 24.95 |
Objects of the Issue #
The Company proposes to utilize the Net Proceeds from the issue towards the following objects:
- Repayment of Unsecured Loans
- Long-term working capital requirement
- General Corporate Purpose
- Meeting Public Issue Expenses.
Prospect Commodities IPO Subscription Status (Bidding Detail) #
The Prospect Commodities IPO is subscribed 5.31 times on Mar 13, 2023 7:02:00 PM. The public issue subscribed 3.76 times in the retail category, times in the QIB category, and 6.85 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 6.85 |
| Retail | 3.76 |
| Total | 5.31 |
Total Application : 1,191 (4.09 times)
Prospect Commodities IPO Prospectus #
- › Prospect Commodities IPO DRHP
- › Prospect Commodities IPO RHP
Prospect Commodities IPO Listing Details #
| Listing Date | Mar 20, 2023 |
| BSE Script Code | 543814 |
| NSE Symbol | |
| ISIN | INE0OKG01017 |
| Final Issue Price | ₹61 per share |
Listing Day Trading Information #
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹61.00 |
| ₹61.00 |
| ₹61.00 |
| ₹64.05 |
| ₹61.45 |
Check IPO Performance…
Company Contact Information #
417, Sun Orbit B/h. Rajpath Club Road,
Bodakdev,
Ahmedabad – 380054
Phone: 079-48000696
Email: info@prospectcommodities.com
Website: http://www.prospectcommodities.com/
Prospect Commodities IPO Registrar #
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Prospect Commodities IPO Lead Manager(s) #
Frequently Asked Questions #
When does the Prospect Commodities IPO open and close? #
The Prospect Commodities IPO opens on March 8, 2023, and closes on March 13, 2023.
What is the IPO price and face value of Prospect Commodities IPO? #
The IPO price of Prospect Commodities is ₹61 per equity share, and the face value is ₹10 per share.
What is the IPO size and lot size of Prospect Commodities IPO? #
The Prospect Commodities IPO size is ₹7.48 Crores, and the lot size is 2000 shares.
What are the business operations of Prospect Commodities Limited?
The company sells cashews to wholesalers in Gujarat and offers various grades of cashews based on size and color.
What are the processes involved in cashew trading undertaken by Prospect Commodities Limited? #
Prospect Commodities Limited undertakes multiple processing stages for cashew trading, including cleaning, boiling and cooling, de-shelling, drying, peeling, sorting, grading, and packing before dispatch.
How can I apply for Prospect Commodities IPO? #
Retail investors can apply for Prospect Commodities IPO shares online through banks (using ASBA) or through brokers (using UPI). Various banks and brokers offer the facility for online IPO applications.
Please note that the information provided here is based on the available data and may be subject to change. For the most up-to-date and accurate information, it is recommended to visit the official sources and financial portals directly.
