Pramara Promotions Ltd Share Price – NSE

Trading, Small Cap

Pramara Promotions will hold a meeting of the Board of Directors of the Company on 9 November 2023.

Powered by Capital Market - Live News

The scrip was listed at Rs 111, a premium of 76% compared with the issue price. The scrip hit a high of Rs 116.55 and a low of Rs 105.55. About 13.78 lakh shares of the company changed hands at the counter.

The initial public offer (IPO) of Pramara Promotions was subscribed 24.30 times. The issue opened for bidding on 1 September 2023 and it closed on 5 September 2023. The IPO price was fixed at Rs 63 per share.

The IPO comprised fresh issue of 24,24,000 shares. The promoter and promoter group shareholding diluted to 69.81% from 95.41% pre-IPO.

The company intends to utilize the net proceeds to fund its working capital requirements, and general corporate purposes.

Pramara Promotions is a company involved in the design, manufacturing, and marketing of promotional products and gift items for various sectors. They collaborate with clients to understand their branding, target audience, and goals, creating merchandise that helps promote their brand and increase sales. The company offers a wide range of innovative promotional products and merchandise, including plastic items, non-plastic items from approved vendors, and a diverse portfolio of corporate gifting items. Their revenue is primarily generated from manufacturing activities and services related to ideation, conceptualization, and design. As on 31 March 2023, the company had total of 83 employees.

The company recorded a revenue from operations of Rs 50.06 crore and net profit of Rs 2.22 crore for the period ended on 31 March 2023.

Powered by Capital Market - Live News