IPO Issue Details
Issue Price / Price Band₹60 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size2,000 Shares per Lot
Total Issue Size12,14,000 shares (aggregating up to ₹7.28 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenMon, 20 Mar 2017
Subscription CloseThu, 23 Mar 2017
Anchor AllotmentSun, 19 Mar 2017
Basis of AllotmentWed, 29 Mar 2017
Initiation of RefundsThu, 30 Mar 2017
Credit of Shares to DematThu, 30 Mar 2017
Listing DateFri, 31 Mar 2017
UPI Mandate Deadline2017-03-23
Application & Investment Details
Retail — Min (1 Lots)₹1,20,000 — 2,000 shares
Retail — Max (13 Lots)₹1,560,000 (13 Lots)
HNI — Min (2 Lots)₹2,40,000 — 4,000 shares
Net Offer to Public11,52,000 shares (aggregating up to ₹6.91 Cr)
Reserved for Market Maker62,000 shares (aggregating up to ₹0.3720 Cr)
Pre-IPO Promoter Holding30,43,000 shares
Post-IPO Promoter Holding34,93,000 shares
Fresh Issue Shares62,000 shares (aggregating up to ₹0.3720 Cr)
Offer for Sale Shares7,64,000 shares of ₹10 (aggregating up to ₹4.58 Cr)
About Prime Customer Services Ltd.
Incorporated in 2007, Prime Customer Services Ltd is a multi-services customer focused organization and provides value added services. The company offers end-to-end warehousing solutions including maintaining records, unloading, storage, loading, etc, re-packing and packaging services and skilled, semi-skilled, and unskilled laborers on contract basis as well as operates cold storage and ripening chambers for fruits, vegetables, flowers, and frozen food items.They are also engages in the trading of perishable food items, primarily fruits and vegetables in the domestic as well as export markets. PCSL’s customers are primarily located in the western India, majorly Gujarat and Maharashtra. The company exports its products to the United Arab Emirates.
Objects of the Issue
Prime Customer Services Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
Long term working capital requirement
1.68
2
Expenditure for General Corporate Purposes
0.64
Shareholding & Lock-in
Pre-IPO Promoter Holding
30,43,000 shares
Post-IPO Promoter Holding
34,93,000 shares