IPO : Pramara Promotions Limited
Pramara Promotions Limited IPO
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.
Thank you for reading this post, don't forget to subscribe!| SYMBOL | PRAMARA |
| ISSUE TYPE | Fixed Price Issue IPO |
| ISSUE OPENS ON | September 01, 2023 (Friday) |
| ISSUE CLOSES ON | September 05, 2023 (Tuesday) |
| ISSUE PRICE | Rs.63 per share |
| ISSUE SIZE | Up to Rs.15.27 Crores |
| FACE VALUE | Rs.10 per share |
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.
| MINIMUM BID | 2000 shares |
| MINIMUM AMOUNT | Rs.1,26,000 |
| MAXIMUM BID | 2000 shares |
| MAXIMUM AMOUNT | Rs.1,26,000 |
| PROMOTER HOLDING | 69.81% (Post-issue) |
| LISTING DATE | September 13,2023 (Wednesday) |
| LISTING AT | NSE-SME |
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.
- 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.
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Objects of the Issue
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
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