7 Things to know Pramara Promotions Limited IPO

IPO- pramar promotion limited logo

Overview of Company

  • Pramara Promotions Limited IPO was incorporated in 2006.
  • The company operates as a promotional marketing agency, specializing in ideation, conceptualization, design, manufacturing, and marketing of promotional products and gift items.
  • Pramara serves clients across various sectors, including FMCG, QSR, pharma, beverage (both non-alcoholic and alcoholic), cosmetic, telecom, media, and others.

Services Offered:

  • Pramara provides a range of services, including:
    • Cross Promotions
    • Loyalty and Rewards Programs
    • Corporate Gifting
    • Toy Retail
    • Sweepstakes Promotions
    • And more.

Product Manufacturing:

  • The company also manufactures products through OEM arrangements. These products, such as water bottles and pens, are branded with the client’s logo or design and used as promotional merchandise.

Product Portfolio:

  • Pramara has designed and manufactured approximately 5000 different products.
  • Additionally, the company has expanded its product offerings by introducing the brands “Toyworks” and “Tribeyoung.”

Manufacturing Partnerships:

  • Pramara collaborates with third-party manufacturing partners for a portion of its manufacturing activities.

Employee Strength:

  • As of July 31, 2023, the company has a total staff strength of 83 employees.

Competitive Strength:

  • Established track record.
  • Strong product designing and development capabilities backed by technical expertise.
  • Cost-efficient operating structure.
  • Experienced Promoter and Management team.
  • Established strong relationships with our customers.
  • High-quality control and production standards.

Pramara Promotions IPO Details

  • The Pramara Promotions IPO is categorized as a Fixed Price Issue.
  • The total issue size of the IPO is Rs 15.27 Crores.
  • The Pramara Promotions IPO price is set at ₹63 per share.
IPO DateSeptember 1, 2023 to September 5, 2023
Listing DateWednesday, September 13, 2023
Face Value₹10 per share
Price₹63 per share
Lot Size2000 Shares
Total Issue Size
(aggregating up to ₹15.27 Cr)
Fresh Issue2,424,000 shares
(aggregating up to ₹15.27 Cr)

Pramara Promotions IPO Timetable (Tentative)

IPO Open DateFriday, September 1, 2023
IPO Close DateTuesday, September 5, 2023
Basis of AllotmentFriday, September 8, 2023
Initiation of RefundsMonday, September 11, 2023
Credit of Shares to DematTuesday, September 12, 2023
Listing DateWednesday, September 13, 2023
Cut-off time for UPI mandate confirmation5 PM on September 5, 2023

Key Performance Indicator

EPS (Rs)3.37

Pramara Promotions IPO Lot Size

Retail (Min)12000₹126,000
Retail (Max)12000₹126,000
HNI (Min)24000₹252,000

Financials of the Company:

Period Ended31 Mar 202131 Mar 202231 Mar 2023
Profit After Tax33.18134.57222.59
Net Worth1,235.431,373.961,596.50
Reserves and Surplus1,115.231,253.76944.19
Total Borrowing3,033.123,134.343,330.78
Amount in ₹ Lakhs
IPO- pramar promotion limited logo

Objects of the Issue

Utilization of Proceeds: The company intends to utilize the Net Proceeds from the Issue for the following purposes:

  1. Funding Working Capital Requirements:
    • Allocated to meet the company’s working capital needs.
  2. General Corporate Purposes:
    • Utilized for general operational purposes of the company.

Pramara Promotions IPO Review (I am avoiding)

The company offers comprehensive services for gift items and promotional products, all in one place. It has consistently demonstrated growth in both revenue and profit for the reported periods. Considering its strong FY23 earnings, the issue seems to be fully priced. Knowledgeable investors might contemplate investing for potential medium to long-term gains.

Pramara Promotions IPO Subscription Status (Bidding Detail)

As of September 1, 2023, at 7:30 PM:

  • The Pramara Promotions IPO has been subscribed 0.43 times in total.
  • In the retail category, the subscription is 0.88 times.
  • The Qualified Institutional Buyer (QIB) category subscription details are not provided (“times”).
  • In the Non-Institutional Investor (NII) category, the subscription is 0.07 times.

Check Day by Day Subscription Details (Live Status)

Pramara Promotions SME IPO GMP

  • The last Grey Market Premium (GMP) for Pramara Promotions SME IPO was ₹1, last updated on September 1st, 2023, at 10:01 PM.
  • The expected percentage gain/loss per share is 1.59%.

check live Gmp details(status)

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