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Pratham EPC Projects makes a Dazzling Entry, stock lists with 51% premium at ₹113.30 apiece on NSE SME

News by Aliceblue News Desk

18 Mar 2024

Pratham EPC Projects makes a Dazzling Entry, stock lists with 51% premium at ₹113.30 apiece on NSE SME

Pratham EPC Projects’ shares debuted impressively on the NSE SME, launching at ₹113.30 each, a significant 51.07% above the issue price of ₹75, marking a strong opening performance and highlighting robust investor interest in the company’s stock.

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Pratham EPC Projects Limited, an Ahmedabad-based EPC company co-founded by Mr. Pratikkumar Vekariya and Mr. Nayankumar Pansuriya, specializes in Oil & Gas pipeline infrastructure and City Gas Distribution services in India. With over 30 years of combined industry experience, the company operates in two main sectors: Gas & Oil Pipeline Projects and Water Pipeline Projects.

Pratham EPC’s IPO aims to allocate INR 8.83 crores for advanced machinery to boost infrastructure capabilities and INR 15.15 crores for working capital needs, reflecting a strategy to minimize reliance on leased equipment.

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