Prospect Commodities Limited IPO (Prospect Commodities IPO) Detail

Mar 8, 2023 - Mar 13, 2023

Incorporated in 2022, 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

Objects of the Issue

The Company proposes to utilize the Net Proceeds from the issue towards the following objects:

  1. Repayment of Unsecured Loans
  2. Long-term working capital requirement
  3. General Corporate Purpose
  4. Meeting Public Issue Expenses.

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 Size1,226,000 shares
(aggregating up to ₹7.48 Cr)
Fresh Issue1,226,000 shares
(aggregating up to ₹7.48 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME

Prospect Commodities IPO Reservation

NII (HNI) Shares Offered582,000 (50% of the Net Issue)
Retail Shares Offered582,000 (50% of the Net Issue)
Market Maker portion62,000 shares (BEELINE BROKING LTD.)
Total Shares Offered1,164,000


KPI Values
P/E (x)31.44
Market Cap (₹ Cr.)24.95

Prospect Commodities IPO Tentative Timetable

Prospect Commodities IPO opens on Mar 8, 2023, and closes on Mar 13, 2023.

Event Tentative Date
Opening Date Mar 8, 2023
Closing Date Mar 13, 2023
Basis of Allotment Mar 16, 2023
Initiation of Refunds Mar 17, 2023
Credit of Shares to Demat Mar 20, 2023
Listing Date Mar 20, 2023
UPI Mandate Confirmation Cut-Off Time 5.00 PM on the issue closing day

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

Prospect Commodities Limited Financial Information (Restated Standalone)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
Amount in ₹ Lakhs

Prospect Commodities IPO Review (Avoid)

[Dilip Davda]  As a partnership firm, the company has reported listless performance for the previous three fiscals. Its FY23 earnings appear to have been window dressed to ask for fancy valuations. The issue is aggressively priced in context with reported super earnings. There is no harm in skipping this “High-risk/Low return” bet. Read detail review...

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)

CategorySubscription (times)

Total Application : 1,191 (4.09 times)

Prospect Commodities IPO Prospectus

Prospect Commodities IPO Rating

Rating:Rated 2.5 stars
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Prospect Commodities IPO Listing Details

Listing Date Mar 20, 2023
BSE Script Code 543814
NSE Symbol
IPO Price ₹61 per share

Listing Day Trading Information

Price Details
IPO Price
Last Trade

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Company Contact Information

Prospect Commodities Limited
417, Sun Orbit B/h. Rajpath Club Road,
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 Analysis

Prospect Commodities IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 1

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Prospect Commodities IPO FAQs

Prospect Commodities IPO is a SME IPO of 1,226,000 equity shares of the face value of ₹10 aggregating up to ₹7.48 Crores. The issue is priced at ₹61 per share. The minimum order quantity is 2000 Shares.

The IPO opens on Mar 8, 2023, and closes on Mar 13, 2023.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Prospect Commodities IPO using UPI as a payment gateway. Zerodha customers can apply in Prospect Commodities IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Prospect Commodities IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Prospect Commodities IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Prospect Commodities IPO opens on Mar 8, 2023 and closes on Mar 13, 2023.

Prospect Commodities IPO lot size is 2000 Shares and the minimum order quantity is .

You can apply in Prospect Commodities 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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Prospect Commodities IPO will be done on Mar 16, 2023, and the allotted shares will be credited to your demat account by Mar 20, 2023. Check the Prospect Commodities IPO allotment status.

The Prospect Commodities IPO listing date is on Mar 20, 2023.
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