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Business News/ Markets / Ipo/  Creative Graphics Solutions IPO allotment out today; latest GMP, 4 steps to check status
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Creative Graphics Solutions IPO allotment out today; latest GMP, 4 steps to check status

Creative Graphics Solutions IPO allotment scheduled for Friday, April 5. Bumper response during subscription, 201.86 times oversubscribed. Listing on NSE SME on Tuesday, April 9.

Creative Graphics IPO allotment date has been scheduled for today (Friday, April 5). (https://creativegraphics.net.in/)Premium
Creative Graphics IPO allotment date has been scheduled for today (Friday, April 5). (https://creativegraphics.net.in/)

Creative Graphics Solutions IPO allotment status: The Creative Graphics IPO allotment date has been scheduled for today (Friday, April 5). The share allotment has been finalise. The registrar's platform, Bigshare Services Pvt Ltd, is where investors who applied to the issue can track the Creative Graphics IPO allotment status.

Creative Graphics IPO received a bumper response from retail and non institutional investors (NIIs) all throughout the five days of subscription. The issue opened for subscription on Thursday, March 28 and ended on Thursday, April 4. On the last bidding day, the overall Creative Graphics Solutions IPO subscription status was 201.86 times. 

Creative Graphics IPO price band was set 80 to 85 per share, and investors could place a bid for a minimum of 1,600 shares and in multiples thereof.

Also Read: Creative Graphics Solutions IPO: Check GMP, subscription status on day 4, other key details to know

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The basis of allotment can be used by investors to check if and how many shares they have been granted. The number of shares allotted is also displayed in the IPO allocation status. The company will begin the refund process for anyone who applied but received no shares. For the ones who received the shares, demat accounts will be credited.

Monday, April 8, those who were allotted shares will have their demat account credited. The refund process will also commence on Monday as soon as the allotment is finalised today.

Creative Graphics Solutions IPO listing date is fixed for Tuesday, April 9 on NSE SME.

If you have applied for the Creative Graphics Solutions India IPO , you can do a Creative Graphics IPO allotment status check immediately on the website of the IPO registrar, Bigshare Services Pvt Ltd - https://ipo.bigshareonline.com/ipo_status.html

Step 1

Login at direct Bigshare link — https://ipo.bigshareonline.com/ipo_status.html

- Creative Graphics IPO allotment link

Step 2

Select "Creative Graphics Solutions India IPO " in company name section.

Step 3

Select 'Application No/CAF No or Beneficiary ID or PAN Number.

Step 4

Click at 'Search'

You will be able to view your Creative Graphics Solutions IPO on both your computer's monitor and your mobile phone.

Also Read: Creative Graphics Solutions India IPO: Check price band, date, size and other key details

Creative Graphics Solutions IPO details

Creative Graphics Solutions India Limited IPO, worth 54.40 crore, consists of a fresh issue of 64,00,000 equity shares with a face value of 10. There is no offer-for-sale component.

The company plans to use the net proceeds from the new issue to pay for working capital needs, full or partial repayment or prepayment of some loans, funding capital expenditures, funding inorganic growth through unidentified business acquisitions, and general corporate expenses.

Sarika and Deepanshu Goel are the company's promoters.

Corporate Capitalventures Pvt Ltd is the book running lead manager of the Creative Graphics Solutions India IPO. Ss Corporate Securities has been selected as the market maker.

Also Read: Radiowalla Network share price makes a bumper debut, stock opens with 58% premium at 120.15 apiece on NSE SME

Creative Graphics IPO GMP today

Creative Graphics IPO GMP or grey market premium is +30. This indicates Creative Graphics Solutions share price were trading at a premium of 30 in the grey market, according to investorgain.com.

Creative Graphics Solutions' expected listing price was 115 per share, 35.29% more than the IPO price of 85, taking into account the upper end of the IPO pricing band and the existing premium on the grey market.

'Grey market premium' indicates investors' readiness to pay more than the issue price.

Also Read: Vijay Kedia backed TAC Infosec share price makes a blockbuster debut, stock opens with 174% premium at 290 apiece

Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decisions.

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Published: 05 Apr 2024, 01:56 PM IST
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