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
Prospect Commodities IPO – Details
| IPO Opening Date | 08 March 2023 |
| IPO Closing Date | 10 March 2023 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 12,26,000 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 Lot | 2000 Shares |
| Min Order1 | 2000 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Bigshare Services Pvt Ltd |
| Retail Shares Offered | 50% |
| NII (HNI) Shares Offered | 50% |
Prospect Commodities IPO – Date Schedule
| IPO Open Date | 08 March 2023 |
| IPO Close Date | 10 March 2023 |
| Basis of Allotment | 15 March 2023 |
| Initiation of Refunds | 16 March 2023 |
| Credit of Shares to Demat Account | 17 March 2023 |
| IPO Listing Date | 20 March 2023 |
Prospect Commodities IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Minimum | 1 | 2000 | 1,22,000 |
| Maximum | 1 | 2000 | 1,22,000 |
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.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax |
|---|---|---|---|
| 31 March 2022 | 0 | -0.0015 | -0.0015 |
| 30 November 2022 | 8.39 | 7.65 | 0.52 |
Prospect Commodities IPO Promoter Holding
| Pre Issue Share Holding | 88.44% |
| Post Issue Share Holding | 61.94% |
Prospect Commodities IPO Prospectus
Company Contact Information
| Prospect Commodities Limited 417, Sun Orbit B/h. Rajpath Club Road, Bodakdev, Ahmedabad – 380054 Phone: 079-48000696 Email: info@prospectcommodities.com Website: http://www.prospectcommodities.com/ |
Prospect Commodities IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://www.bigshareonline.com/ |
Prospect Commodities IPO Lead Manager(s)
| 1. Interactive Financial Services Ltd |
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. |
