How to check allotment status of Pramara Promotions IPO

How to check allotment status of Pramara Promotions IPO
How to check allotment status of Pramara Promotions IPO

by Tanushree Jaiswal Last Updated: Sep 06, 2023 - 03:41 pm 284 Views

The ₹15.27 crore IPO of Pramara Promotions Ltd comprises entirely of a fresh issue of shares with no offer for sale (OFS) component. The total SME IPO of Pramara Promotions Ltd entails issue of 24.24 lakh shares which at the fixed IPO price of ₹63 per share aggregates to ₹15.27 crore. The fresh issue portion is also the total size of the issue of Pramara Promotions Ltd. The stock has a face value of ₹10 and retail bidders can bid in minimum lot size of 2,000 share each. Thus, the minimum investment of ₹1,26,000 in the IPO is the base limit. That is also the maximum that a retail investor can apply for in the IPO. Here is a break-up of the total shares issued by the company and its quota allocated for different groups of investors.

Anchor Investor Shares Offered Nil
Market Maker Shares Offered 1,24,000 shares (5.12%)
Other Shares Offered 11,50,000 shares (47.44%)
Retail Shares Offered 11,50,000 shares (47.44%)
Total Shares Offered 24,24,000 shares (100%)

How was the response to the Pramara Promotions Ltd IPO

The response to the Pramara Promotions IPO was moderate to strong and it was subscribed about 25.64X overall at the close of bidding on 05th September 2023 with the retail segment seeing the 17.01 times subscription and the non-retail portion seeing 33.96 times subscription. The table below captures the overall allocation of shares with the oversubscription details as of the close of the IPO on 05th September 2023.

Investor Category  Subscription (times) Shares 
Shares Bid for Total Amount (₹ Cr.)
Market Maker 1 1,24,000 17,43,600 16.91
Non-Retail  33.96 11,50,000 10,26,000 9.95
Retail Investors 17.01 11,50,000 13,52,79,600 1,312.21
Total 25.64 23,00,000 5,89,64,000 371.47

The basis of allotment will be finalized on Friday, 08th September 2023, the refunds will be initiated on 11th September 2023, demat credits will be finalized on 12th September 2023, while the stock of Pramara Promotions Ltd will get listed on the NSE on 13th September 2023. The company had a pre-IPO promoter holding of 95.41% and post the IPO, the promoter stake in Pramara Promotions Ltd will stand reduced proportionately to 69.81%. On listing, the company will have an indicative P/E ratio of 25.61X.

How to check the allotment status. Since this is an NSE SME IPO, there is no facility to check on the exchange website and BSE only offers allotment status mainboard IPOs and for BSE SME IPOs. If you have applied for the IPO, you can either check your allotment status on the broker website link (if offered) or on the website of the IPO registrar, Bigshare Services Private Limited. Here are the steps that you need to follow to check allotment status.

Checking the allotment status of Pramara Promotions Ltd on the website of Bigshare Services Private Limited (Registrar to IPO)

Visit the Bigshare Services registrar website for IPO status by clicking on the link below. In case you are not able to click on the link, just copy the link below and paste it on your web browser.

Here you are given the choice to select 3 servers viz. Server 1, Server 2, and Server 3. There is nothing to be confused, as these are just server backups in case one of the servers is experiencing too much traffic. You can select any of these 3 servers and in case you are finding problems accessing one of the servers, then try the other one. There is no difference, which server you select; the output would still be the same across.

This dropdown will only show the active IPOs, so once the allotment status is finalized, you can select Pramara Promotions Ltd from the dropdown box. The allotment status will be finalized on Friday, 08th September 2023, so in this case, you can access the details on the registrar website either late on 08th September 2023 or by middle of 09th September 2023. Once the company is selected from the dropdown box, you have 3 methods to check the allotment status for the IPO.

•    Firstly, you can access with Application Number / CAF Number. Enter the Application / CAF number and then click on Search Button. Enter the application exactly it is given in the acknowledgement slip given to you post the IPO application process. After that you can click on the Search button to get the details of shares allotted to you in the IPO.

•    Secondly, you can search by Beneficiary ID of your demat account. From the dropdown box, you must first select the depository name where your demat account is held i.e., NSDL or CDSL. In the case of NSDL, enter the DP id and Client id in separate boxes as provided. In case of CDSL, just enter the CDSL client number. Remember that the NSDL string is alphanumeric while the CDSL string is a numeric string. The details of your DP and client ID are available in your online DP statement or in the statement of account. After that you can click the Search Button in both cases.

•    Thirdly, you can also search by Income Tax PAN number. Once you select PAN (permanent account number) from the dropdown menu, enter your 10-digit PAN number, which is an alphanumeric code. The PAN number will be available on your PAN card or on top of your income tax returns filed. Once you enter the PAN, click on the Search Button.

The IPO status with number of shares of Pramara Promotions Ltd allotted will be displayed on the screen. You can save a screenshot of the screen for future reference. Once again, you can verify the demat credit by the close of 12th September 2023.

A brief on Pramara Promotions Ltd and the SME IPO

Pramara Promotions Ltd is a promotional marketing agency, incorporated in 2006. It is engaged in the business of ideation, conceptualization, designing manufacturing and marketing of promotional products and gift items. It caters to clients across a cross section of industry groups including, FMCG (fast moving consumer goods), QSR (quick service restaurants), pharma, beverage companies, cosmetics, telecom, and media. Pramara Promotions Ltd offers niche services to these companies including cross promotions, loyalty and reward tabulation, corporate gifting, sweepstakes promotions etc. The company also arranges to manufacture the products under an OEM arrangement, wherein the company makes products like water bottles, pens, and other gift items under an outsourcing agreement with another manufacturer. These are white labelled manufacture where the products are appropriately branded with the company's logo or design.

Pramara Promotions Ltd has, till date, designed and manufactured over 5,000 products. The company has also expanded its product offerings and has recently launched proprietary brands like "Toyworks" and "Tribeyoung". As of July 2023, the Pramara Promotions Ltd has overall staff of 83 employees. Some of its strengths in the business include its existing track record, its strong franchise with corporate customers, ability to manufacture and deliver solutions in a cost effective manner and fairly stringent quality control and production standards. It will be using the IPO funds to predominantly fund its working capital gaps and for general corporate purposes. It is also into digital gifting ideas, which are growing in importance and appeal in the current market.

The company has been promoted by Rohit Lamba and Sheetal Lamba. The promoter holding in the company currently stands at 95.41%, which dilute post IPO to 69.81%. The funds will be used for meeting its working capital funding gaps and for general corporate expenses. Part of the monies raised will also go towards meeting the expenses of the issue. While Fedex Securities Private Ltd will be the lead manager to the issue, Bigshare Services Private Ltd will be the registrar to the issue. The market maker for the issue is Pure Broking Ltd.

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About the Author

Tanushree is a seasoned professional with 6 years of experience in the Fintech and Edtech industry.


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