Pramara Promotions Ltd - IPO

Pramara Promotions Ltd IPO Details

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 equity share), aggregating to Rs. 0.78 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less market maker reservation portion i.e. issue of 23,00,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 63/- (the Issue Price), (including a premium of Rs. 53/- per equity share), aggregating to Rs. 14.49 crores is here in after referred to as the Net Issue. The issue and the net issue will constitute 26.83% and 25.46% respectively of the post issue paid up equity share capital of the company.*Subject to finalisation of basis of allotmentThe face value of the equity shares is Rs. 10/- each and the issue price is 6.3 times of the face value.Minimum application of 2000 equity shares and in multiples of 2000 equity shares thereafter.

Objective of issue

Funding its working capital requiremens. General corporate purposes.

Pramara Promotions Ltd Contact Details

Pramara Promotions Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - investor@pramara.com

Website - https://pramara.com