Prospect Commodities Limited IPO (Prospect Commodities IPO)

Prospect Commodities Limited IPO
Upcoming Prospect Commodities IPO | New Prospect Commodities IPO

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:

  1. Cleaning
  2. Boiling and Cooling
  3. De Shelling
  4. Drying
  5. Moisture and Peeling
  6. Sorting
  7. Drying
  8. Grading
  9. Manual Sorting and Grading
  10. Drying before Dispatch
  11. Packing and Dispatch
Prospect Commodities IPO

Prospect Commodities IPO – Details

IPO Opening Date08 March 2023
IPO Closing Date10 March 2023
Issue TypeFixed Price Issue IPO
Issue Size12,26,000 Shares Worth ₹7.48 Crore
Fresh Issue: 12,26,000 Shares Worth ₹7.48 Crore
Face Value₹10 per equity share
IPO Price₹61
Market Lot2000 Shares
Min Order12000 Shares (1 Lot)
Listing AtBSE SME
RegisterBigshare Services Pvt Ltd
Retail Shares Offered50%
NII (HNI) Shares Offered50%

Prospect Commodities IPO – Date Schedule

IPO Open Date08 March 2023
IPO Close Date10 March 2023
Basis of Allotment15 March 2023
Initiation of Refunds16 March 2023
Credit of Shares to Demat Account17 March 2023
IPO Listing Date20 March 2023

Prospect Commodities IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)

Competitive Strengths

  • In depth International Market knowledge of Promoter.
  • Existing client relationship.
  • Strategically located manufacturing facilities with modern machines.
  • Quality Service.

Company Promoters

  • Vimal Mishra
  • Priyanka Mishra

Object Of The Issue

  • Repayment of Unsecured Loans.
  • Long-term working capital requirement.
  • General Corporate Expenses.
  • Meeting Public Issue Expenses.
Prospect Commodities IPO
Issue Object

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After Tax
31 March 20220-0.0015-0.0015
30 November 20228.397.650.52
Amount in ₹ Crore

Prospect Commodities IPO Promoter Holding

Pre Issue Share Holding88.44%
Post Issue Share Holding61.94%

Prospect Commodities IPO Prospectus

Company Contact Information

Prospect Commodities Limited

417, Sun Orbit B/h. Rajpath Club Road,
Bodakdev, Ahmedabad – 380054

Phone: 079-48000696

Prospect Commodities IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Prospect Commodities IPO Lead Manager(s)

1. Interactive Financial Services Ltd

Prospect Commodities IPO FAQs

Prospect Commodities IPO FAQs
What is Prospect Commodities IPO?

Prospect Commodities IPO is a SME IPO. The issue is priced at ₹61 per equity share. The IPO is to be listed on BSE SME.
When Prospect Commodities IPO will open?

The IPO is to open on  08 March 2023 for NII and Retail Investors.
What is Prospect Commodities IPO Investors Portion?

The investors portion for NII-50%, and Retail-50%.
How to Prospect Commodities IPO?

You can apply Prospect Commodities IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
How to Apply the Prospect Commodities IPO through 5 Paisa?

Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Prospect Commodities”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa.
How to Apply the Prospect Commodities IPO through Edelweiss?

Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Prospect Commodities”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss.
What is Prospect Commodities IPO Size?

Prospect Commodities IPO size is ₹7.48 crores.
What is Prospect Commodities IPO Price Band?

Prospect Commodities IPO Price Band is ₹61.
What is Prospect Commodities IPO Minimum and Maximum Lot Size?

The minimum bid is 2000 Shares with ₹1,22,000 amount while the maximum bid is 2000 shares with  ₹1,22,000.
What is the Prospect Commodities IPO Allotment Date?

Prospect Commodities IPO allotment date is  15 March 2023.
What is the Prospect Commodities IPO Listing Date?

Prospect Commodities IPO listing date is 20 March 2023. The IPO is to list on BSE SME.
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