THIS IS A PUBLIC ANNOUNCEMENT FOR INFORMATION PURPOSES ONLY AND IS NOT A PROSPECTUS ANNOUNCEMENT.
THIS DOES NOT CONSTITUTE AN INVITATION OR OFFER TO ACQUIRE, PURCHASE OR SUBSCRIBE TO SECURITIES.
THIS PUBLIC ANNOUNCEMENT IS NOT INTENDED FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY OUTSIDE INDIA.
	PRATHAM EPC PROJECTS LIMITED
	Corporate Identity Numbers: U45200GJ2014PLC081119

Our Company was originally incorporated as "Pratham EPC Projects Private Limited" as a private limited company under the provisions of the Companies Act, 2013 vide Certificate of Incorporation dated October 27,2014 from the Registrar of Companies, Gujarat, Dadra and Nagar Havelli. Further, our Company was converted from private limited company to public limited company pursuant to special resolution passed in the Extra-Ordinary General Meeting of the company dated July 21,2023 and consequently, the name of our Company was changed to "Pratham EPC Projects Limited" and a fresh certificate of incorporation dated July 28, 2023 was issued to our Company by the Registrar of Companies, Ahmedabad. The Corporate Identification Number of our Company is U45200GJ2014PLC081119.

INITIAL PUBLIC ISSUE OF 4800000 EQUITY SHARES OF FACE VALUE OF Rs. 10/- EACH OF PRATHAM EPC PROJECTS LIMITED ("PEPL" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF Rs. 75/- PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF Rs. 65/- PER EQUITY SHARE (THE "ISSUE PRICE") AGGREGATING TO Rs. 3,600.00 LAKHS ("THE ISSUE"), OF WHICH 240000 EQUITY SHARES OF FACE VALUE OF Rs. 10/- EACH FOR CASH;H AT A PRICE OF Rs. 75/- PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF Rs. 65/- PER EQUITY SHARE AGGREGATING TO Rs. 180.00 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION i.e. NET ISSUE OF 4560000 EQUITY SHARES OF FACE VALUE OF Rs. 10/- EACH AT A PRICE OF Rs. 75/- PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF Rs. 65/- PER EQUITY SHARE AGGREGATING TO RS. 3,420.00 LAKHS IS HERE IN AFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.03% AND 25.68%, RESPECTIVELY, OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY. THE FACE VALUE OF THE EQUITY SHARES IS Rs. 10/- EACH

• The Merchant Banker associated with the Issue has handled 31 public issues out of which 2 issue closed below issue price on listing date.

BRLM associated with the issuer has handled 31 Public issues in last 3 Financial years, below are the details;

Average cost of acquisition of Equity Shares held by the Promoters is mentioned below

‘The average cost of acquisition of Equity Shares by our Promoter has been calculated by taking into account the amount paid by him to acquire Shares by way of allotment and Transfer as reduced by amount received on sell of shares i.e., net of sale consideration is divided by net quantity of shares acquired.

This Issue was been made through the Book Building Process, in terms of Rule 19(2) (b) of the Securities Contracts (Regulation) Rules, 1957, as amended ("SCRR") read with Regulation 229 of the SEBIICDR Regulations and in compliance with Regulation 253 of the SEBIICDR Regulations, wherein not more than 50.00% of the Net Issue shall be available for allocation on a proportionate basis to Qualified Institutional Buyers ("QIBs") (the "QIB Portion'). Further, 5.00% of the Net QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders, including Mutual Funds, subject to valid Bids being received at or above the Issue Price. However, if the aggregate demand from Mutual Funds is less than 5.00% of the Net QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion will be added to the remaining Net QIB Portion for proportionate allocation to QIBs. Further, not less than 15.00% of the Net Issue shall be available for allocation on a proportionate basis to Non-lnstitutional Investors and not less than 35.00% of the Net Issue shall be available for allocation to Retail Individual Investors in accordance with the SEBI ICDR Regulations, subject to valid Bids being received from them at or above the Issue Price. All Bidders are required to participate in the Issue by mandatorily utilizing the Application Supported by Blocked Amount ("ASBA") process by providing details of their respective ASBA Account (as defined hereinafter) in which the corresponding Bid Amounts will be blocked by the Self Certified Syndicate Banks ("SCSBs") or under the UPI Mechanism, as the case may be, to the extent of respective Bid Amounts. Anchor Investors are not permitted to participate in the Issue through the ASBA process. For details, was "Issue Procedure" on page 232 of the Prospectus.

The bidding for Anchor investors opened and closed on Thursday, March 07,2024. The company received 7 Anchor Investors application for 1878400 Equity Shares. The Anchor Investor Allocation Price was finalized at Rs. 75.00 per Equity Share. A total of 1366400 Equity Shares were allotted under the Anchor Investor portion aggregating to Rs. 10,24,80,000.

The issue (excluding Anchor Investor Portion) received applications for 57,15,28,000 Equity Shares (before rejections and after invalid bids Multiple/Duplicate) resulting in 166.45 times subscription (including reserved portion of market maker). The Details of the total Valid Applications received in the 190304 issues are for Equity Shares from various categories and are as under:

Detail of the Applications Received:

A summary of the final demand as per NSE as on the Bid/lssue Closing Date at different Bid Prices is as under:

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - NSE on Thursday March 14.2024.

1) Allocation to Retail Individual Investors (After Rejections & Withdrawal): The Basis of Allotment to the Retail Individual Investors, who have bid at cutoff Price or at or above the Issue Price of Rs. 75/- per equity shares, was finalized in consultation with NSE. The category was subscribed by 176.06 times i.e. for 28,11,39.200 Equity Shares. Total number of shares allotted in this category is 15,96,800 Equity Shares to 998 successful applicants. The category wise details of the Basis of Allotment as under:

2) Allocation to Non-lnstitutional Investors (After Rejections & Withdrawal): The Basis of Allotment to Other than Retail Individual Investors, who have bid at Issue Price of Rs. 75/- per equity shares or above, was finalized in consultation with NSE. The category was subscribed by 320.05 times i.e. for 21,91.69,600 Equity Shares the total number of shares allotted in this category is 6,84,800 Equity Shares to 350 successful applicants. The category wise details of the Basis of Allotment are as under:

3) Allocation to QIBs excluding Anchor Investors (After Rejections & Withdrawal): The Basis of Allotment to QIBs, who have bid at Issue Price of f 75/- per Equity Shares or above, was finalized in consultation with NSE. The category was subscribed by 68.33 times i.e. for 6,23,18,400 Equity shares the total number of shares allotted in this category is 9,12,000 Equity Shares to 40 successful applicants. The category wise details of the Basis of Allotment are as under:

4) Allocation to Anchor Investors (After Rejections & Withdrawal): The Company in consultation with the BRLM has allotted 13.66,400 Equity Shares to 7 Anchor Investors at Anchor Investor Issue Price of Rs. 75/- per Equity Shares in accordance with the SEBIICDR Regulations. The category wise details of the Basis of Allotment are as under:

5) Allocation to Market Maker (After Rejections & Withdrawal): The Basis of Allotment to Market Maker who have bid at Issue Price of Rs. 75/- per Equity Shares or above, was finalized in consultation with NSE. The category was subscribed by 1.00 times i.e. for 2,40,000 Equity shares the total number of shares allotted in this category is 2,40,000 Equity Shares. The category wise details of the Basis of Allotment are as under:

The Board of Directors of the Company at its meeting held on March 14,2024 has approved the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz. NSE and has authorized the corporate action for issue of the Equity Shares to various successful applicants. The CAN-cum-allotment advices and/or notices will forwarded to the email id's and address of the Applicants as registered with the depositories / as filled in the application form on March 14,2024. Further, the instructions to Self-Certified Syndicate Banks for unblocking the amount was process on March 14, 2024. In case the same is not received within two working days, investors may contact at the address given below. The Equity Shares allocated to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The Company is taking steps to get the Equity Shares admitted for trading on the NSE EMERGE within three working days from the date of the closure of the issue.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated March 13,2024 ("Prospectus") filed with Registrar of Companies, Ahmedabad.

The details of the allotment made would also be hosted on the website of the Registrar to the issue, Link Intime India Private Limited at www.linkintime.co.in, All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/ Sole applicants, serial number of the Bid cum Application Form, number of shares applied for and Bank Branch where the application had been lodged and payment details at the address of the Registrar given below:

SEBI Registration Number: INR000004058

Address: C-101,247 Park, LBS Marg, Vikhroli (West), Mumbai - 400083, Maharashtra, India

Tel. Number: +91 22 4918 6200

Fax- 022 -4918 6060

Email Id: prathameoc.ipo@linkintime.co.in

Investors Grievance Id: prathameoc.ipo@linkintime.co.in

Website: www.linkintime.co.in

Contact Person: Shanti Goapalkrishnan

CIN: U67190MH1999PTC11836

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF PRATHAM EPC PROJECTS LIMITED.

Pratham EPC Projects Limited is proposing, subject to market conditions, public issue of its equity shares and had filed the Prospectus with the Registrar of Companies, Ahmedabad. The Prospectus is available on the website of SEBI at www.sebi.qov.in. the website of the Lead Manager at www.beelinemb.com. website of the NSE at www.nseindia.com and website of Issuer Company at www.prathamepc.com: Investors should note that investment in Equity Shares involves a high degree of risk. For details, investors shall refer to and rely on the Prospectus including the section titled "Risk Factors" beginning on page 30 of the Prospectus, which has been filed with ROC. The Equity Shares have not been and will not be registered under the US Securities Act (the "Securities Act") or any state securities law in United States and may not be Issued or sold within the United States or to, or for the account or benefit of, "U.S. persons" (as defined in the Regulation S under the Securities Act), except pursuant to an exemption from, or in a transaction not subject to the registration requirements of the Securities Act of 1933.