Creative Graphics Solutions India IPO: The initial public offering of Creative Graphics Solutions India Ltd, which was open for public subscription between March 28 and April 4, is going to be listed on the NSE Emerge on Tuesday, April 9. The share allotment of the IPO was finalised on April 5 and the allotment status can be checked on the registrar Bigshare Services’ website.
On the final day of bidding on Thursday, the Rs 54.40-crore SME IPO received a whopping 201.86 times subscription, garnering bids for 85,91,34,400 shares against 42,56,000 shares on offer.
The category for non-institutional investors got subscribed 472.85 times while the portion for Retail Individual Investors (RIIs) attracted 144.63 times subscriptions. The quota for Qualified Institutional Buyers (QIBs) got subscribed 98.79 times.
Creative Graphics Solutions India IPO GMP Today
According to market observers, unlisted shares of Creative Graphics Solutions India Ltd are trading Rs 65 higher in the grey market as compared with its issue price of Rs 85. The Rs 65 grey market premium or GMP means the grey market is expecting a 76.47 per cent listing gain from the public issue. The GMP is based on market sentiments and keeps changing.
‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
Creative Graphics Solutions India IPO Details
The Creative Graphics Solutions India IPO was entirely a fresh issue of 64 lakh shares. The IPO was closed on April 4, 2024, and the share allotment was finalised on Friday, April 5, 2024.
The Creative Graphics Solutions India IPO will list on the NSE SME on Tuesday, April 9, 2024.
Its price band was fixed at Rs 80 to Rs 85 per share. The minimum lot size for an application was 1,600 shares. The minimum amount of investment required by retail investors was Rs 1,36,000. The minimum lot size investment for HNI was 2 lots (3,200 shares) amounting to Rs 2,72,000.
Corporate Capitalventures Pvt Ltd is the book-running lead manager of the Creative Graphics Solutions India IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Creative Graphics Solutions India IPO is Ss Corporate Securities.
Creative Graphics Solutions India Limited was founded in 2014 and manufactures flexographic printing plates. The company was previously known as Tanushii Industries Private Limited. The company manufactures Digital Flexo Plates, Conventional Flexo Printing Plates, Letter Press Plates, Metal Back Plates, and Coating Plates. The company also has two wholly owned subsidiaries: Creative Graphics Premedia Private Limited and Wahren India Private Limited.
Its revenue jumped 33.63 per cent and profit after tax (PAT) rose 85.82 per cent between the financial year ending with March 31, 2023 and March 31, 2022.
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