Creative Graphics Solutions India IPO: The initial public offering of Creative Graphics Solutions India Ltd, which was opened for public subscription on March 28, has received a decent response from investors. Till 11:30 am on the fourth day of bidding on Wednesday, the Rs 54.40-crore SME IPO received 19.06 times subscription, garnering bids for 4,75,56,800 shares against 42,56,000 shares on offer.
The category for non-institutional investors got subscribed 7.65 times while the portion for Retail Individual Investors (RIIs) attracted 19.06 times subscriptions. The quota for Qualified Institutional Buyers (QIBs) got subscribed 0.02 times.
Creative Graphics Solutions India IPO GMP Today
According to market observers, unlisted shares of Creative Graphics Solutions India Ltd are trading Rs 50 higher in the grey market as compared with its issue price of Rs 85. The Rs 50 grey market premium or GMP means the grey market is expecting a 58.82 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 is entirely a fresh issue of 64 lakh shares. The IPO will close on April 4, 2024, and the share allotment is expected to be finalised on Friday, April 5, 2024.
The Creative Graphics Solutions India IPO will list on NSE SME with tentative listing date fixed as Tuesday, April 9, 2024.
Its price band has been fixed at Rs 80 to Rs 85 per share. The minimum lot size for an application is 1,600 shares. The minimum amount of investment required by retail investors is Rs 1,36,000. The minimum lot size investment for HNI is 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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