Pramara Promotions Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Pramara Promotio

CMP

154.50

-2.55 (-1.62%)

₹63

Offer Price

₹ 15.27 Cr

Issue Size

₹ 1,26,000

Min Investment

2,000

Lot size

Time Line

  • 01
    Sep 2023
    Open
  • 05
    Sep 2023
    Close
  • 08
    Sep 2023
    Finalisation of Basis of Allotment
  • 11
    Sep 2023
    Initiation of Refunds
  • 12
    Sep 2023
    Transfer of Shares to Demat Account
  • 13
    Sep 2023
    Listing Date

Objects of the Offer

  • Focus on Increase in Volume of Sales.

  • Enhance performance of existing business.

  • The company plans to expand its production facilities.

  • The company intends to continue its focus on product development.

  • The company plans to enhance its production processes.

Products & Services

  • The Company is engaged in the business of ideation, conceptualization, designing and manufacturing and marketing of promotional products and gift items for its clients.

Strengths

  • Established track record;

  • strong research and product designing and development capabilities backed by technical expertise;

  • cost-efficient operating structure

  • Experienced Promoter and Management team;

  • Strong relationship with customers.

Risks

  • The company is highly dependent on the suppliers for uninterrupted supply of raw-materials. Its have not entered into any long-term supply agreement for the major raw materials required for manufacturing of the products. Also, volatility in the prices and non-availability of these raw materials may have an adverse impact in its business prospects, results of operations and financial condition.

  • The company depends on a limited number of customers for a significant portion of its revenue from operations. The loss of any of the major customer due to any adverse development or significant reduction in business from the major customer may adversely affect the compay business, financial condition, results of operations, cash flow and future prospects.

  • There are outstanding legal proceedings involving the Company, its Promoters and its Directors.

  • The company may not be able to obtain, renew or maintain the requisite permits and approvals in future and this may affect its business and operations.

  • The company may be unable to sufficiently obtain, maintain, protect, or enforce its intellectual property and other proprietary rights.

Company Promoters

Promoters Holding

Issue For IPO
25.34%
Pre Holding

94.45%

Post Holding

69.11%

Top Promoters Holding

Financials

All values in Cr

Mar-2021 Mar-2022 Mar-2023 3-Yr trend
Revenue 40.78 (-) 49.16 (20.60%) 50.06 (1.80%)
Gross Profit 40.78 (-) 49.16 (20.60%) 50.06 (1.80%)
Net Income 40.78 (-) 49.16 (20.60%) 50.06 (1.80%)
Assets 40.78 (-) 49.16 (20.60%) 50.06 (1.80%)
Liabilities 40.78 (-) 49.16 (20.60%) 50.06 (1.80%)

Book Running Managers

  • Fedex Securities Pvt Ltd

Registrar & Transfer Agent

Bigshare Services Pvt Ltd

Office No 56-2,
Pinnacle Busine.Park,
Mahakali Caves Road - Mumbai - 400093
Phone : 91-22-62638200 Fax: 91-22-63638299

Company Contact Information

A 208 Boomerang Equity Bu.Park,
CTS # 4 ETC Chandivali Farm Rd,
Mumbai - 400072
Phone : 7045032201 Email : investor@pramara.com https://pramara.com

Offer Related Information

Initial public issue* of 24,24,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Pramara Promotions Limited ("The Company" or the "Issuer") for cash at a price of Rs. 63/- per equity share (the "Issue Price"), (including a premium of Rs. 53/- per equity share), aggregating to Rs. 15.27 crores ("The Issue"), of which 1,24,000 equity shares of face value of Rs. 10/- for cash at a price of Rs. 63/- per equity share (the "Issue Price"), (including a premium of Rs. 53/- per... More

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