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Prabhat Telecoms IPO is a fixed price issue of Rs 11.22 crores.
Prabhat Telecoms IPO bidding started from July 22, 2016 and ended on July 26, 2016. The shares got listed on BSE SME on August 3, 2016.
Prabhat Telecoms IPO price is ₹51 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹102,000.
Navigant Corporate Advisors Ltd is the book running lead manager of the Prabhat Telecoms IPO, while Cameo Corporate Services Limited is the registrar for the issue.
Refer to Prabhat Telecoms IPO RHP for detailed information.
IPO Date | July 22, 2016 to July 26, 2016 |
Listing Date | August 3, 2016 |
Face Value | ₹10 per share |
Price | ₹51 per share |
Lot Size | 2000 Shares |
Total Issue Size | 2,200,000 shares (aggregating up to ₹11.22 Cr) |
Issue Type | Fixed Price Issue IPO |
Listing At | BSE SME |
Share holding pre issue | 8,314,800 |
Share holding post issue | 8,314,800 |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 2000 | ₹102,000 |
Retail (Max) | 1 | 2000 | ₹102,000 |
Lot Size Calculator |
Incorporated in 2007, Prabhat Telecoms (India) Ltd is a part of Prabhat group of companies engaged in design, assemble, and customize import and distribution of mobile handsets, wireless dongles/data-cards, data products and mobile/telecom accessories. Information in this paragraph is copied from chittorgarh.com.
Company sell their mobile handsets under the brand name 'V3' Mobiles and internet data cards & smart phones/tablets, fixed wireless terminal and high end telecom devices under brand name 'Xccess'. They also sell accessories like screen guard, Memory card etc under the brand name 'Platinum'. Prabhat is a distributor of CDMA handsets for TTML for Mumbai Circle. Content in this paragraph is copied from chittorgarh.com.They sell their CDMA product to chain of distributors PAN India through TTML/TTSL corporate tie-ups. They also sell their product through organised retail chain like The Mobile Store, Mobile plus etc and also through 15 online portals.
Prabhat Telecoms major customers includes Tata Teleservices Ltd, Tata Teleservices (Maharashtra) Ltd, Drive India Enterprise solutions Ltd, The Mobile Store Ltd, TVC sky shop Ltd, Shyam Sistema Ltd (MTS), Ominitech Info solution Ltd, Apex corporate services, Armaani Enterprises andNouveau Multimedia Ltd.
The object of the issue are to:
1. achieve the benefits of listing the Equity Shares on the BSE-SME;
2. carry out the sale of 22,00,000 Equity shares by the Selling Shareholders;
3. enhance their visibility and brand name and provide liquidity to the existing shareholders.
[Dilip Davda] Conclusion: Past four years working is not supporting the asking price which is at a higher PE. Only risk avers investors with surplus funds may consider long term investment. Other can ignore this IPO. Read detail review...
Listing Date | August 3, 2016 |
BSE Script Code | 540027 |
NSE Symbol | |
ISIN | INE171P01019 |
Final Issue Price | ₹51 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE SME |
---|
₹51.00 |
₹61.20 |
₹61.20 |
₹61.20 |
₹61.20 |
Prabhat Telecoms (India) Ltd
2, Geetanjali Apartments,
Manchhu Bhai Road, Near Manali Hotel,
Malad (East), Mumbai
Phone: +91-22- 40676000
Email: investors@prabhatgroup.net
Website: http://www.prabhattelecoms.com
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: cameo@cameoindia.com
Website: https://ipo.cameoindia.com/
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Prabhat Telecoms IPO is a SME IPO of 2,200,000 equity shares of the face value of ₹10 aggregating up to ₹11.22 Crores. The issue is priced at ₹51 per share. The minimum order quantity is 2000 Shares.
The IPO opens on July 22, 2016, and closes on July 26, 2016.
Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Prabhat Telecoms IPO opens on July 22, 2016 and closes on July 26, 2016.
Prabhat Telecoms IPO lot size is 2000 Shares, and the minimum amount required is ₹102,000.
You can apply in Prabhat Telecoms 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 Prabhat Telecoms IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Prabhat Telecoms IPO allotment status.
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