Prospect Commodities IPO subscription status started on Wednesday March 8, 2023 and will close on March 13, 2023. Prospect Commodities IPO to raise around ₹7.48 crores via IPO. The retail quota is 50%, and NII is 15%. The price band is fixed at ₹61 per equity share.
The Prospect Commodities IPO minimum market lot is 2000 shares with ₹123,000 application amount. The IPO to list on BSE.
Prospect Commodities Limited is one of the well-known brands engaged in the Cashew processing Industry. They are processors, exporters, and suppliers of Natural Cashew Kernel and many types of Flavoured Cashew Kernel. They deal in products with their brand name “DRIFRUTZ“.
IPOWatch View
We recommend investors may apply an IPO with Caution (Risky) Investors should also look at the NII, and Retail numbers before investing. You can check the Prospect Commodities IPO allotment status here.
Prospect Commodities IPO Subscription Status
| Category | Day 2 | Day 3 | Day 4 |
| NII | 4.17 | 4.65 | 6.85 |
| RII | 0.62 | 1.63 | 3.76 |
| Total | 2.40 | 3.14 | 5.31 |
Prospect Commodities IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
Prospect Commodities IPO Review
- Risky / Avoid
Prospect Commodities IPO Date & Price Band
| IPO Open: | March 8, 2023 |
| IPO Close: | March 13, 2023 |
| IPO Size: | Approx ₹7.48 Crores, 1,226,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹61 Per Equity Share |
| IPO Listing on: | BSE SME |
| Retail Quota: | 50% of the net offer |
| NII Quota: | 50% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Prospect Commodities IPO Market Lot
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 2000 | ₹122,000 |
| Retail Maximum | 1 | 2000 | ₹122,000 |
| S-HNI Minimum | 2 | 4000 | ₹244,000 |
Prospect Commodities IPO Subscription Dates
| IPO Open Date: | March 8, 2023 |
| IPO Close Date: | March 13, 2023 |
| Basis of Allotment: | March 16, 2023 |
| Refunds: | March 17, 2023 |
| Credit to Demat Account: | March 20, 2023 |
| IPO Listing Date: | March 20, 2023 |
Prospect Commodities IPO Form
How to apply for the Prospect Commodities IPO? You can apply for 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 is you can apply for Prospect Commodities IPO via IPO forms downloaded via BSE. Check out the Prospect Commodities forms – Click BSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.
