Today, Pratham EPC Projects became available for trading on the NSE, which is a big stock exchange.
This is because they did something called an IPO, which stands for Initial Public Offering. Basically, it means they offered their shares to the public for the first time.
The IPO went really well! When the company’s shares started trading, they were priced at Rs 113 each, which is more than what was expected.
In fact, they were 51% higher than the original price of Rs 75.
Before this, from March 11th to March 13th, people had the chance to subscribe to buy shares of Pratham EPC Projects.
The response was amazing! People wanted to buy way more shares than were available. In fact, the IPO was subscribed 178.54 times!
The company planned to raise ₹36 crore from this IPO. Each share was offered at a price range of ₹71 to ₹75.
You could buy shares in lots of 1,600, and the minimum amount you could invest was ₹120,000.
Now, what will the company do with all this money? They’ll use it to buy machinery, cover their everyday expenses, and for other things related to running the business.
The people who managed this IPO are called Beeline Capital Advisors Pvt. Ltd.
And there’s a company called Link Intime India Private Limited that will help keep track of who owns which shares.
