Pramara Promotions SME IPO

Pramara Promotions Limited

₹1,26,000 /2000 sharesMinimum Investment

Pramara Promotions SME IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
NSE₹63.00₹111.00₹48.00 (76.19%)

Pramara Promotions SME IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
1 Sep ‘23 - 5 Sep ‘23₹1,26,0002,000₹63 - ₹63
Issue SizeIPO Doc
15.27Cr
RHP PDF

About Pramara Promotions SME

Pramara Promotions Limited was incorporated in 2006. It specializes in creating, designing, and producing promotional products and gift items. They cater to clients in various sectors, including FMCG, QSR, pharma, beverage (both non-alcoholic and alcoholic), cosmetics, telecom, media, and more. Their extensive range of services includes manufacturing plastic promotional products and toys and designing and producing non-plastic items sourced from approved vendors across different categories. The company has a corporate gifting and promotional product portfolio, encompassing plastic, steelware, silicone rubber, paper printing, glassware, toys of various kinds, tin products, apparel, and accessories. Moreover, they offer OEM (Original Equipment Manufacturer) services, producing items like water bottles and pens branded with a company's logo or design for use as promotional merchandise. The company's product range includes promotional items, corporate gifts, loyalty and rewards, toy retail, and OEM products.;
Parent Organisation
Pramara Promotions Limited
Founded
2006
Managing Director
Mr. Rohit Lamba

Strengths & Risks

  • Since its inception, the company has designed and manufactured around 5000 products.
  • Pramara Promotions emphasizes in-house product design and development to offer customers various products and valuable services, like customized products and cost-effective engineering solutions.
  • With their integrated manufacturing facilities, in-house research, product design, and testing capabilities, they oversee the entire production process - from sourcing raw materials to manufacturing, assembling, packing, and delivering the final products to customers.
  • The company holds certifications for its quality management system concerning producing toys, gifts, premiums, various plastic OEM products, and packaging items.
  • The company operates a production facility in Daman, India, featuring two clean rooms for toy, gift, and premium assembly. They have plans to expand these facilities by adding more clean rooms for assembly and packaging and investing in additional manufacturing equipment to meet international standards.
  • They import a new range of paper sticks commonly used in the confectionery and FMCG sectors. They intend to manufacture these products in their Class 8 certified clean room facility in India in the coming six months.
  • Pramara Promotions relies heavily on suppliers to provide the necessary raw materials for its operations without any long-term supply agreements. Fluctuations in raw material prices and availability could negatively impact the company's business.
  • A significant portion of the company's revenue comes from a limited number of customers. Losing a major customer or experiencing reduced business due to adverse developments could affect the company's business, financial health, and overall prospects. In years ending March 31, 2023, March 31, 2022, and March 31, 2021, the top ten customers contributed 73.30%, 87.96%, and 83.58%, respectively, to the company's revenue.
  • The company is currently involved in unresolved legal proceedings that involve the company, promoters, and directors.
  • The company has experienced negative cash flows in previous years, which could continue to impact its financial condition in the future.
  • The company's business heavily relies on its manufacturing facilities, which are exposed to certain risks inherent in the manufacturing process.
  • As of March 31, 2023, the company had total long-term borrowings of Rs 1417.68 lakhs.
  • The company typically conducts business with customers based on purchase orders and does not establish long-term contracts with most of them.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular63 - 63₹2 Lakh
High Networth Individual63 - 63₹2 - 5 Lakh
For Pramara Promotions SME IPO, eligible investors can apply as Regular.
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