Prabhat Telecoms (India) Ltd IPO (Prabhat Telecoms IPO) Detail

Jul 22, 2016 - Jul 26, 2016

Incorporated in 2007, Prabhat Telecoms (India) Ltd is a part of Prabhat group of companies engaged in design, assemble, and customize import and distribution of mobile handsets, wireless dongles/data-cards, data products and mobile/telecom accessories. Information in this paragraph is copied from

Company sell their mobile handsets under the brand name 'V3' Mobiles and internet data cards & smart phones/tablets, fixed wireless terminal and high end telecom devices under brand name 'Xccess'. They also sell accessories like screen guard, Memory card etc under the brand name 'Platinum'. Prabhat is a distributor of CDMA handsets for TTML for Mumbai Circle. Content in this paragraph is copied from sell their CDMA product to chain of distributors PAN India through TTML/TTSL corporate tie-ups. They also sell their product through organised retail chain like The Mobile Store, Mobile plus etc and also through 15 online portals.

Prabhat Telecoms major customers includes Tata Teleservices Ltd, Tata Teleservices (Maharashtra) Ltd, Drive India Enterprise solutions Ltd, The Mobile Store Ltd, TVC sky shop Ltd, Shyam Sistema Ltd (MTS), Ominitech Info solution Ltd, Apex corporate services, Armaani Enterprises andNouveau Multimedia Ltd.

Objects of the Issue

The object of the issue are to:

1. achieve the benefits of listing the Equity Shares on the BSE-SME;
2. carry out the sale of 22,00,000 Equity shares by the Selling Shareholders;
3. enhance their visibility and brand name and provide liquidity to the existing shareholders.

Prabhat Telecoms IPO Details

Prabhat Telecoms IPO Date Jul 22, 2016 to Jul 26, 2016
Prabhat Telecoms IPO Face Value ₹10 per share
Prabhat Telecoms IPO Price ₹51 per share
Prabhat Telecoms IPO Lot Size 2000 Shares
Issue Size2,200,000 shares of ₹10
(aggregating up to ₹11.22 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Company Promoters

The promoters of the company are:

1. Mr Vishwamani Tiwari

Prabhat Telecoms IPO Lot Size

The Prabhat Telecoms IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹102,000).

Application Lots Shares Amount
Retail (Min) 1 2000 ₹102,000
Retail (Max) 1 2000 ₹102,000

Prabhat Telecoms IPO Review

Conclusion:  Past four years working is not supporting the asking price which is at a higher PE. Only risk avers investors with surplus funds may consider long term investment. Other can ignore this IPO. Read detail review...

Prabhat Telecoms IPO Prospectus

Prabhat Telecoms IPO Rating

Rating:Rated 2.5 stars
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Prabhat Telecoms IPO Listing Date

Listing Date Wednesday, August 3, 2016
BSE Script Code 540027
NSE Symbol
Listing In M Group of Securities
ISIN INE171P01019
IPO Price ₹51 per share
Face Value ₹10 per share

Listing Day Trading Information

IPO Price
Last Trade

Company Contact Information

Prabhat Telecoms (India) Ltd
2, Geetanjali Apartments,
Manchhu Bhai Road, Near Manali Hotel,
Malad (East), Mumbai
Phone: +91-22- 40676000

Prabhat Telecoms IPO Registrar

Cameo Corporate Services Limited

Phone: +91-44-28460390

Prabhat Telecoms IPO Review

Prabhat Telecoms IPO Recommendation Summary

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Prabhat Telecoms IPO FAQs

Prabhat Telecoms IPO is a SME IPO of 2,200,000 equity shares of the face value of ₹10 aggregating up to ₹11.22 Crores. The issue is priced at ₹51 per share. The minimum order quantity is 2000 Shares.

The IPO opens on Jul 22, 2016, and closes on Jul 26, 2016.

Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The Prabhat Telecoms IPO opens on Jul 22, 2016 and closes on Jul 26, 2016.

Prabhat Telecoms IPO lot size is 2000 Shares and the minimum order quantity is .

You can apply in Prabhat Telecoms IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Prabhat Telecoms IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Prabhat Telecoms IPO allotment status.

The Prabhat Telecoms IPO listing date is on Wednesday, August 3, 2016.
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Prabhat Telecoms IPO Message Board

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13. raj shah |   Link |Sep 21, 2016 9:00:08 AM
price is very high pls avoid it
12. MUDIT NATANI |   Link |Sep 14, 2016 5:26:55 PM
today subscription @ 5,00 p.m. can any one tell with detail of rii as applicationwise.
11. Mahendra Khicha |   Link |Aug 4, 2016 10:21:52 AM
Any news in Prabhat telecom
11.1. surendra kumar |   Link |Aug 4, 2016 5:19:26 PM
10. ARUNAM |   Link |Aug 4, 2016 9:35:24 AM
again reached upper count
9. Vajra |   Link |Aug 4, 2016 12:36:25 AM
Applied 1 lot. With GST getting passed which is good for market sentiments, hoping for allotment and good listing.
9.1. surendra kumar |   Link |Aug 4, 2016 2:51:14 PM
Isn''t it listed already? BSE showing its current price at 73.4...
8. Mahendra Khicha |   Link |Aug 3, 2016 10:19:13 PM
applied in 2 app each 2000 shares total 4000 alloted
7. ARUNAM |   Link |Aug 3, 2016 9:29:07 AM
listing on 20% gain......uc
6. Karan |   Link |Jul 28, 2016 3:52:50 PM
Top Contributor Top Contributor (200+ Posts)
Applied in 7 accounts...

got NILL.........

no allotment have been done since Ujjivan...

bad luck.......
6.3. niceplaywins |   Link |Aug 3, 2016 2:45:48 PM
you really applied in 7 accounts can you please share details
6.4. Karan |   Link |Aug 3, 2016 7:00:51 PM
Top Contributor Top Contributor (200+ Posts)
Sorry everyone....the message was wrongly posted in prabhat telecom page....actually i was posting it in Advanced Enzymes page.
5. deliteink |   Link |Jul 26, 2016 3:24:46 PM
May I know how can I apply for SME IPOs?

My website:
4. IPO Curious |   Link |Jul 26, 2016 9:58:46 AM
Why are SME IPOs of huge minimum bid value? I''m aware that mainstream IPOs price are regulated to be around 12-14k. Is it same for SME IPOs too?
3. nirajkumarchat |   Link |Jul 21, 2016 5:55:45 PM
Prabhat tel ka lot kya hai
2. Prashanth |   Link |Jul 21, 2016 5:04:17 PM
May I know how can I apply for SME IPOs? I use ICICIDirect, but SME IPOs are not shown. I have not been able to apply to any of the SME ipos. Please suggest
2.3. Manipo |   Link |Jul 24, 2016 6:32:06 PM
Top Contributor Top Contributor (200+ Posts)
hi prasanth,
You can apply to SME IPOs from ASBA facility provided by banks like Axis,Kotak,SBI,Union,BOB etc.
ICICI and HDFC do not allow to apply in SME IPOs.

Before applying for SME IPOs do check if your broker allows you to buy/sell SME their trading website.

If you need more details you can send your questions to manipoindia AT gmail DOT com
2.4. Prashanth |   Link |Jul 25, 2016 2:04:35 PM
Thank you. I got to know that the application has to be done from the bank account, not from the demat account.
1. STOCKT |   Link |Jul 20, 2016 12:29:00 PM
Bad SME.

Most of the clients are loss making companies. the lead manager is navigant corporate advisor which have poor track record and who share itself is half of issue price.

stay away stock is not worth 10 rs also.
1.1. Keshar |   Link |Jul 22, 2016 10:48:49 AM
You are right Stockt. As govt is encouraging Small scale industries by allowing script listing on SME all are devising ways to loot the public.Their cost of issue of IPOs have drastically reduced due to social media and ASBA. So all are tempting to grab this opportunities to milk the customers. Even book building process also makes the customer fool .QIB etc may be having underhand dealing with BBRMs and promoters. See L& T Infotech Rs.1 share for 700. All brokers saying it would list at 1145 ! Only few IPOs live something in plate for investor in retail to lick..
1.2. ARUNAM |   Link |Aug 5, 2016 10:09:34 AM
not bad SME......