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Pramara Promotions IPO is a fixed price issue of ₹15.27 crores. The issue is entirely a fresh issue of 0.24 crore shares of ₹15.27 crore.
Pramara Promotions IPO bidding started from Sep 1, 2023 and ended on Sep 5, 2023. The allotment for Pramara Promotions IPO was finalized on Sep 8, 2023. The shares got listed on NSE SME on Sep 13, 2023.
Pramara Promotions IPO price is ₹63.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,26,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,52,000.
Fedex Securities Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Pure Broking Pvt.Ltd..
Refer to Pramara Promotions IPO RHP for detailed Information.
| IPO Date | September 1, 2023 to September 5, 2023 |
| Listing Date | September 13, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹63 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 24,24,000 shares (aggregating up to ₹15.27 Cr) |
| Reserved for Market Maker | 1,24,000 shares Pure Broking Pvt.Ltd. (aggregating up to ₹0.7812 Cr) |
| Net Offered to Public | 23,00,000 shares (aggregating up to ₹14.49 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 66,11,000 shares |
| Share Holding Post Issue | 90,35,000 shares |
Pramara Promotions IPO offers total 24,24,000 shares. Out of which 11,50,000 (47.44%) allocated to NII, 11,50,000 (47.44%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,24,000 (5.12%) |
| NII (HNI) Shares Offered | 11,50,000 (47.44%) |
| Retail Shares Offered | 11,50,000 (47.44%) |
| Total Shares Offered | 24,24,000 (100.00%) |
Pramara Promotions IPO opens on September 1, 2023, and closes on September 5, 2023.
| IPO Open Date | Fri, Sep 1, 2023 |
| IPO Close Date | Tue, Sep 5, 2023 |
| Tentative Allotment | Fri, Sep 8, 2023 |
| Initiation of Refunds | Mon, Sep 11, 2023 |
| Credit of Shares to Demat | Tue, Sep 12, 2023 |
| Tentative Listing Date | Wed, Sep 13, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Sep 5, 2023 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,26,000 |
| Retail (Max) | 1 | 2,000 | ₹1,26,000 |
| HNI (Min) | 2 | 4,000 | ₹2,52,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2006, Pramara Promotions Limited is a promotional marketing agency. The company is engaged in the business of ideation, conceptualization, designing manufacturing and marketing of promotional products and gift items for clients across sectors, such as FMCG, QSR, pharma, beverage companies non-alcoholic and alcoholic, cosmetic, telecom, media and others.
The company offers services such as Cross Promotions, Loyalty and rewards, Corporate Gifting, Toy Retail, Sweepstakes promotions and more. The company also manufacture the products under an OEM arrangement, where& the company manufactures products such as water bottles, pens, etc. which are branded with the company's logo or design and used as promotional merchandise.
Pramara has designed and manufactured around 5000 products. The company has also expanded its product offerings by launching the brands "Toyworks" and;"Tribeyoung".
Pramara undertake a part of the manufacturing activities through its third-party manufacturing partner. As of July 31, 2023, the company's overall staff strength is 83 employees.
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 4,922.67 | 6,194.55 | 6,139.22 |
| Total Income | 4,096.01 | 4,942.70 | 5,119.11 |
| Profit After Tax | 33.18 | 134.57 | 222.59 |
| Net Worth | 1,235.43 | 1,373.96 | 1,596.50 |
| Reserves and Surplus | 1,115.23 | 1,253.76 | 944.19 |
| Total Borrowing | 3,033.12 | 3,134.34 | 3,330.78 |
The market capitalization of Pramara Promotions IPO is ₹56.92 Cr.
| KPI | Values |
|---|---|
| ROE | 13.87% |
| ROCE | 15.20% |
| Debt/Equity | 2.07 |
| RoNW | 13.87 |
The company proposes to utilize the Net Proceeds from the Issue towards the following objects:
1. Funding our working capital requirements; and
2. General corporate purposes
[Dilip Davda] The company is engaged in providing all services under one roof for gift items and promotional products. It has posted steady growth in its top and bottom lines for the reported periods. Based on FY23 earnings, the issue appears fully priced. Well-informed investors may consider parking funds for medium to long-term rewards. Read detail review...
| Listing Date | September 13, 2023 |
| BSE Script Code | |
| NSE Symbol | PRAMARA |
| ISIN | INE0O7A01017 |
| Final Issue Price | ₹63 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹63.00 |
| Open | ₹111.00 |
| Low | ₹105.55 |
| High | ₹116.55 |
| Last Trade | ₹116.55 |
Pramara Promotions Ltd.
A - 208, Boomerang Equity Bussi Park,
CTS No. 4 ETC Chandivali Farm Road,
Sakinaka, Andheri East,
Mumbai, Maharashtra, 400072
Email: investor@pramara.com
Website: http://www.pramara.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Pramara Promotions IPO is a SME IPO of 24,24,000 equity shares of the face value of ₹10 aggregating up to ₹15.27 Crores. The issue is priced at ₹63 per share. The minimum order quantity is 2000.
The IPO opens on September 1, 2023, and closes on September 5, 2023.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Pramara Promotions IPO using UPI as a payment gateway. Zerodha customers can apply in Pramara Promotions IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Pramara Promotions IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Pramara Promotions IPO opens on September 1, 2023 and closes on September 5, 2023.
Pramara Promotions IPO lot size is 2000, and the minimum amount required for application is ₹1,26,000.
You can apply in Pramara Promotions IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Pramara Promotions IPO will be done on Friday, September 8, 2023, and the allotted shares will be credited to your demat account by Tuesday, September 12, 2023. Check the Pramara Promotions IPO allotment status.
The Pramara Promotions IPO listing date is on Wednesday, September 13, 2023.
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