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Business News/ Markets / Ipo/  Creative Graphics Solutions India IPO: Check price band, date, size and other key details
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Creative Graphics Solutions India IPO: Check price band, date, size and other key details

The price band for the issue has been fixed at ₹80-85 per share, and the lot size will be 1,600 equity shares.

Creative Graphics Solutions India IPO Photo: iStock (iStock)Premium
Creative Graphics Solutions India IPO Photo: iStock (iStock)

Noida-based organised and integrated packaging ecosystem company Creative Graphics Solutions India Limited initial public offerings (IPO) will be opening for subscription on March 28 and will close on April 4.

The issue's price range has been set at 80-85 per share, with a lot size of 1,600 equity shares.

The company aims to generate 54.4 crore from the IPO. These funds will be allocated towards various purposes, including meeting the company's working capital needs, partially or fully repaying certain borrowings, covering capital expenditure, facilitating potential acquisitions for inorganic growth, and addressing general corporate expenses.

Also read: Omfurn India FPO bidding ends in few hours: Check subscription status, other key details

Corporate Capital Ventures is the Book Running Lead Manager, and Bigshare  Services Private Limited is the Registrar  for the issue Private Limited is the  Registrar to the issue. 

A total of 3.2 lakh equity shares have been set aside for Market Makers, with 9.12 lakh equity shares designated for NIIs, 30.4 lakh equity shares for QIBs (including 18.24 lakh equity shares allocated to Anchor investors), and 21.28 lakh equity shares earmarked for Retail (RII) investors.

Creative Graphics specializes in the production of flexographic printing plates, offering a range that includes Digital Flexo Plates, Conventional Flexo Printing Plates, Letter Press Plates, Metal Back Plates, and Coating Plates. Serving clientele across India, Thailand, Qatar, Kuwait, Nepal, and Africa, the company operates from seven manufacturing facilities situated in various states: Noida (Uttar Pradesh), Vasai, Pune (Maharashtra), Chennai (Tamil Nadu), Baddi (Himachal Pradesh), Hyderabad (Telangana), and Ahmedabad (Gujarat).

Also read: Aluwind Architectural IPO announces price band at 45 apiece; issue to open on March 28

During the first half of the fiscal year ending on September 30, 2023, the company generated revenue totaling 48.07 crore and achieved a profit (PAT) of 7.24 crore. In the preceding fiscal year, FY2022-23, it recorded revenue of 90.14 crore and a profit (PAT) of 8.64 crore.

 

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Published: 22 Mar 2024, 08:13 PM IST
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