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:
- Cleaning
- Boiling and Cooling
- De Shelling
- Drying
- Moisture and Peeling
- Sorting
| Date | GMP | Kostak | Subject To Sauda | |
| 15 March 2023 | -₹5 | ₹- | ₹- | |
| 14 March 2023 | ₹- | ₹- | ₹- |
Prospect Commodities SME IPO Date & Price Band.
| IPO Open: | Mar 8, 2023 |
| IPO Close: | Mar 13, 2023 |
| IPO Size: | ₹7.48 Crores |
| Price Band: | ₹61 per share |
| Listing on: | BSE SME |
| Retail Portion: | 50% of the Net Issue |
| Equity: | 1,226,000 shares |
| Face Value: | ₹10 per share |
Prospect Commodities SME IPO Market Lot
The Prospect Commodities IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹122,000).
Shares: Minimum 2000 share
Minimum Amount: ₹122,000
Maximum Amount: ₹122,000
Prospect Commodities SME IPO Allotment & Listing:
- Basis of Allotment: Mar 16, 2023
- Refunds: Mar 17, 2023
- Credit to Demat accounts: Mar 20, 2023
- Listing: Mar 21, 2023
Prospect Commodities SME IPO Form
How to apply Prospect Commodities IPO? You can apply Prospect Commodities IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Prospect Commodities IPO in the Invest section. The other option you can apply Prospect Commodities IPO via IPO forms download via the BSE website. Check out the Prospect Commodities forms – click BSE IPO Forms download, fill and submit in your bank or with your broker.
Prospect Commodities SME Company Financial Report
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
| 31-Mar-22 | 1.05 | 0.00 | -0.15 |
| 31-Sept-22 | 977.07 | 839.98 | 52.85 |
Prospect Commodities SME IPO Valuation – FY2023
| Earning Per Share (EPS): | ₹16.78 per Equity Share |
| Price/Earning P/E Ratio: | NA |
| Return on Net Worth (RoNW): | 17.99% |
| Net Asset Value (NAV): | ₹12.19 per Equity Share |
Peer Group
- Empyren Cashews Limited
Company Promoters
- Vimal Mishra
- Priyanka Mishra
Prospect Commodities SME IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Company Address
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/
Quick Links:
About Prospect Commodities SME IPO
Prospect Commodities IPO opens on Mar 8, 2023, and closes on Mar 10, 2023. The Prospect Commodities IPO bid date is from Mar 8, 2023 10.00 A.M. to Mar 10, 2023 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
Read Also
Prospect Commodities SME Allotment Status
Prospect Commodities SME IPO Listing Date Prospect Commodities SME IPO Subscription (Live)
Objects of the Issue:
- Financing the expenditure for opening new stores.
- To repay of short term borrowings.
- To meet Working Capital requirements.
- General Corporate Purpose.
- To meet issue expenses
Prospect Commodities SME IPO FAQs
What is Prospect Commodities SME IPO Open Date for QIB, NII, and Retail?
Prospect Commodities SME IPO will open on Mar 8, 2023
Prospect Commodities SME IPO Size?
Prospect Commodities IPO size is Approx ₹7.48 Crores
Prospect Commodities SME IPO Price Band?
Prospect Commodities SME IPO Price Band is ₹61 per share
Prospect Commodities SME IPO Minimum Lot Size?
The minimum bid is 2000 Shares with a ₹122,000 Minimum Lot Size.
What is Prospect Commodities SME IPO Allotment Date?
Prospect Commodities SME IPO allotment date is Mar 16, 2023
What is Prospect Commodities Listing date ?
Prospect Commodities SME IPO listing date is Mar 21, 2023. The IPO is to list on BSE SME.