Prospect Commodities SME IPO Date, GMP, Price, Review, Allotment

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

Prospect Commodities SME IPO Date & Price Band.

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 15, 2023
• Refunds: Mar 16, 2023
• Credit to Demat accounts: Mar 17, 2023
• Listing: Mar 20, 2023

Prospect Commodities SME IPO Form

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.

Phone: +91-22-6263 8200
Email: [email protected]
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: [email protected]
Website: http://www.prospectcommodities.com/

Quick Links:

Prospect Commodities IPO DRHP

Prospect Commodities IPO RHP

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