Pramara Promotions IPO GMP, Price, Dates & Allotment Details 2023
Introduction
The Pramara Promotions IPO will open on September 1 and close on September 5, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 15.27 crore through this public offering, consisting of 24.24 lakhs shares with a face value of ₹ 10 each, which will be issued at a price of ₹ 63 per share.
Pramara Promotions Limited (“the Company”)
Pramara Promotions Limited was incorporated in 2006. They are engaged in the business of ideation, conceptualization, designing, manufacturing, and marketing promotional products and gift items for their clients across sectors, such as FMCG, QSR, pharma, beverage companies (non-alcoholic and alcoholic), cosmetics, telecom, media, and others.
The company helps its clients promote their products and services to their customers, and they believe that they play a vital role in their brand promotion and sales. It is one of the few players in the promotional marketing merchandise sector, offering a wide range of innovative promotional products and merchandise to help businesses promote their brand and increase sales.
Its service and product offerings include the manufacturing of plastic promotional products and toys and the designing and manufacturing of non-plastic items from its approved vendors across categories. They believe it offers the largest portfolio of corporate gifting items and promotional products across categories like plastic, steelware, silicon rubber, paper-printed glassware, toys of all kinds, tin products, apparel and accessories, etc. Since inception, they have designed and manufactured around 5,000 products.
Company Key Metrics
| Earning Per Share (EPS) | ₹ 3.37 per Equity Share |
| ROE | 13.87% |
| ROCE | 15.20% |
| Return on Net Worth (RoNW) | 13.87% |
Objects of the Issue,
The company proposes utilising the Fresh Issue’s net proceeds towards funding the following objects:
- Funding our working capital requirements; and
- General corporate purposes
Financial Highlights (Restated)
| Particulars | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Net Worth | 1,596.50 | 1,373.96 | 1,235.43 |
| Total Assets | 6,139.22 | 6,194.55 | 4,922.67 |
| Reserve & Surplus | 944.19 | 1,253.76 | 1,115.23 |
| Total Borrowings | 3,330.78 | 3,134.34 | 3,033.12 |
| Total Revenue | 5,119.11 | 4,942.70 | 4,096.01 |
| Profit After Tax | 222.59 | 134.57 | 33.18 |
IPO details
As per the DRHP filed with SEBI, 24.24 lakh shares will be offered as a fresh issue in the NSE SME segment. The face value of the shares is ₹ 10. The market maker would receive 124,000 shares of the offering. While Fedex Securities Pvt Ltd will be the lead manager for the IPO, Bigshare Services Pvt Ltd will be the registrar. It will be a Fixed Price Issue IPO, so the price at which the securities are offered or allotted is known in advance to the investor.
| Issue Type | Fixed Price Issue IPO |
| IPO Price | ₹ 63 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 2,000 shares |
| Issue Size | 2,424,000 shares (aggregating up to ₹ 15.27 crores) |
| Fresh Issue | 2,424,000 shares (aggregating up to ₹ 15.27 crores) |
| Listing At | NSE SME |
Market Maker detail
| Market maker | Pure Broking |
| Market maker portion | 124,000 shares |
IPO Reservation
| Categories | No. of shares offered |
|---|---|
| Other shares offered | 50% of the net offer |
| Retail shares offered | 50% of the net offer |
GMP: Pramara Promotions IPO
GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilise after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.
Tentative Dates: Pramara Promotions IPO
The issue opens for subscription on September 1, 2023, and closes for subscription on September 5, 2023 (both days inclusive). The basis of allotment will be finalised on September 8, 2023, and the refunds will be initiated on September 11, 2023. In addition, the demat credits are expected to happen on September 12, 2023, and the stock will be listed on the NSE SME on September 13, 2023. The UPI mandate confirmation cut-off time is 5:00 PM on the issue closing day.
| Opening Date | September 1, 2023 |
| Closing Date | September 5, 2023 |
| Basis of Allotment | September 8, 2023 |
| Initiation of Refunds | September 11, 2023 |
| A credit of shares to Demat A/c | September 12, 2023 |
| Listing Date | September 13, 2023 |
Lot Size
The lot size of the Pramara Promotions IPO is 2,000 shares. A retail-individual investor can apply for up to 1 lot, i.e. 2,000 shares of ₹ 126,000.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 2,000 | ₹ 126,000 |
| Retail (Maximum) | 1 | 2,000 | ₹ 126,000 |
| HNI (Minimum) | 2 | 4,000 | ₹ 252,000 |
Promoters Holdings
Rohit Lamba and Sheetal Lamba are the promoters of the company.
| Pre-issue Shares Holdings | 95.41% |
| Post-issue Shares Holdings | 69.81% |
Review: Pramara Promotions IPO [May Apply]
The company intends to raise approximately ₹ 15.27 crore through this public offering, consisting of 24.24 lakh shares of face value ₹ 10 each, which will be issued at a price of ₹ 63 per share. The issue constitutes 26.83% of the post-IPO paid-up capital of the company. Pramara Promotions Ltd. is spending ₹ 2.50 crore. For this IPO process and from the net proceeds, it will use ₹ 9.75 crore for working capital and ₹ 3.02 crore for capital. For general corporate purposes. The issue expense of 16.37% indicates a fully structured IPO. After the IPO, the current paid-up equity capital of Pramara Promotions Limited is ₹ 6.61 crore, which will increase to ₹ 9.04 crore.
The company posted revenue of ₹ 5,119.11 lakh in 2023, ₹ 4,942.70 lakh in 2022, and ₹ 4,096.01 lakh in 2021. And it has posted consistent growth in its top and bottom lines for the reported period. The profit after tax was 222.59 lakhs, 134.57 lakhs, and 33.18 lakhs in the respective years. For the last three financial years, Pramara Promotions Limited has registered an average EPS of ₹ 3.37 and an average RONW of 13.87%.
If we talk about the dividend of the company, then it has not declared any dividend since its incorporation. According to the analysis, the way the company has shown its growth is fine, and well-informed investors can consider investing in this IPO.
Miscellaneous Information
| Download Prospectus (PDF) | IPO RHP |
| Company Contact Information | Pramara Promotions Limited A – 208, Boomerang Equity Bussi Park,CTS No. 4 ETC Chandivali Farm Road, Sakinaka, Andheri East, Mumbai – 400072 Email: investor@pramara.com Website: http://www.pramara.com/ |
| IPO Registrar | Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/ipo_status.html |
| IPO Lead Manager(s) | Fedex Securities Pvt Ltd |
FAQs
What is Pramara Promotions’s IPO price?
The Pramara Promotions IPO price is ₹ 63 per share.
What minimum lot size can retail investors subscribe to?
The minimum investment size is one lot for retail investors. One lot of the Pramara Promotions IPO contains 2,000 shares of ₹ 126,000.
When will the Pramara Promotions IPO allotment be available?
The finalisation of the basis of allotment for the Pramara Promotions IPO will be done on September 8, 2023, and the allotted shares will be credited to your demat account by September 12, 2023. Check the Pramara Promotions IPO allotment status.
When will the Pramara Promotions IPO list on exchanges?
The Pramara Promotions IPO shares listing date is September 13, 2023.
