Pramara Promotions IPO: GMP, subscription status on day 1, other key details to know
₹63 per equity share and the share will be listed on the NSE SME exchange Wednesday, September 13. Pramara Promotions IPO, which is worth ₹15.27 crore, is completely a fresh issue; there is no offer for sale (OFS) component. The company plans to use the net proceeds from the offering to fund the following goals, such as to fund working capital requirements and meet general corporate purposes.
Pramara IPO lot size is 2,000 shares. The promoters of the company are Rohit Lamba and Sheetal Lamba. The Pramara Promotions IPO share allotment will take place on Friday, 8 September.
Those allotted shares will get them in their Demat accounts on Tuesday, 12 September. The refund process for those who did not get shares will begin on Monday, 11 September. According to company's red herring prospectus (RHP), there are no listed companies in India that is engaged in a business similar to that of Pramara Promotions.
The issue price is 6.3 times of the face value of the equity shares of ₹10 apiece. Pramara Promotions Ltd is a promotional marketing agency. The company works with clients from a variety of industries, including FMCG, QSR, pharma, beverage companies (both alcoholic and non-alcoholic), cosmetics, telecom, media, and others, to develop ideas, conceptualise goods, design, manufacture, and market promotional products and gift items.
The company provides services including cross-campaigns, loyalty and incentives, corporate gifting, toy retail, sweepstakes promotions, and more. Also Read: Basilic Fly Studio IPO opens today: GMP, subscription status, other details Pramara IPO subscription status was 42% times on day 1. The issue received positive response from retail investors who's portion set was subscribed 86%, and
. Read more on livemint.com
