Active Stocks
Fri Apr 12 2024 15:57:45
  1. Tata Steel share price
  2. 163.50 -1.00%
  1. NTPC share price
  2. 362.00 -0.32%
  1. ITC share price
  2. 430.10 -1.56%
  1. HDFC Bank share price
  2. 1,518.90 -1.10%
  1. State Bank Of India share price
  2. 766.75 -1.57%
Business News/ Markets / Ipo/  Creative Graphics Solutions IPO: Check GMP, subscription status on day 4, other key details to know
BackBack

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

This week saw a surge in SME IPOs, including Creative Graphics Solutions India Ltd. The IPO opened on March 28 and will close on April 4 at ₹80-85 per share. The company manufactures flexographic printing plates and has received a positive response from investors.

Graphics Solutions India Limited IPO has opened for subscription today (Thursday, March 28), and will close on Thursday, April 4. (https://creativegraphics.net.in/)Premium
Graphics Solutions India Limited IPO has opened for subscription today (Thursday, March 28), and will close on Thursday, April 4. (https://creativegraphics.net.in/)

 Creative Graphics Solutions India Limited IPO opened for subscription on Thursday, March 28, and will close on Thursday, April 4. The issue's price band has been fixed in the range of 80 to 85 per share. The IPO lot size for Creative Graphics Solutions IPO is 1,600 shares.

The issue is 8.00 to 8.50 times of the face value at the lower price band and the upper price band respectively. Creative Graphics IPO has set aside 3.2 lakh for market makers, 9.12 lakh for non-institutional investor (NIIs), 30.4 lakh for qualified institutional buyers (QIBs) (including 18.24 lakh for anchor investors), and 21.28 lakh for the retail portion.

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

"Exciting news! Mint is now on WhatsApp Channels 🚀 Subscribe today by clicking the link and stay updated with the latest financial insights!" Click here!

The IPO garnered 15.5 crore on Wednesday, March 27, by selling 18.24 lakh equity shares at a price of 85 per. Some of well-known investors, including BofA Securities Europe SA - ODI, QRG Investment and Holdings Limited, Finavenue Capital Trust - Finavenue Growth Fund, Vikasa Global Fund PCC - Eubilia Capital Partners Fund I, Acintyo Investment Fund PCC - Cell 1, Absolute Return Scheme, and Astorne Capital VCC Arven, subscribed to the anchor book.

Pre-press company Creative Graphics manufactures flexographic printing plates, such as letter press plates, metal back plates, coating plates, digital flexo plates, and conventional flexo printing plates. The organization serves clients in Africa, Thailand, Qatar, Kuwait, Nepal, and other countries outside of India.

Through its 2 (two) completely owned subsidiaries, Creative Graphics Premedia Private Limited and Wahren India Private Limited, the company has widened its horizons outside its primary business.

Also Read: Naman In-Store IPO allotment today: Check latest GMP, key dates, 4 steps to check status

As per the Red Herring Prospectus (RHP), the company believes that none of the listed companies in India offer exclusively the flexographic plates offered by the company. Hence a strict comparison is not possible.

Between March 31, 2022, and March 31, 2023, the company's profit after tax (PAT) climbed by 85.82%, while the company's sales increased by 33.63%.

Creative Graphics Solutions IPO subscription status 

Creative Graphics Solutions IPO subscription status is 18.91 times, on day 4.

The retail portion was subscribed 31.58 times, and NII portion was booked 14.52 times. QIB portion was booked 2%.

The company has received bids for 8,04,73,600 shares against 42,56,000 shares on offer, according to data on chittorgarh.com.

Creative Graphics Solutions IPO subscription status was 9.09 times, on day 3.

Creative Graphics Solutions IPO subscription status was 3.50 times, on day 2. Retail portion continued to receive overwhelming response and was booked 6.14 times and NII was subscribed 2.03 times.

The issue had taken off a decent start with retail portion booked about 1.72 times on day 1 as per chittorgarh.com. The overall Creative Graphics Solutions IPO subscription status was 96%. The NII portion was booked 47%. 

Also Read: SRM Contractors IPO last bidding day today: Should you subscribe or not? Check GMP, subscription status, other 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 net proceeds from the new issue will be used by the company for the following purposes: covering working capital needs; repaying or prepaying some loans in full or in part; funding capital expenditures; funding inorganic growth through unidentified acquisitions for the business; and general corporate expenses.

The company's promoters are Sarika and Deepanshu Goel.

For the Creative Graphics Solutions India IPO, Corporate Capitalventures Pvt Ltd is the book running lead manager and Bigshare Services Pvt Ltd is the registrar. Ss Corporate Securities has been selected as the market maker. 

Also Read: SRM Contractors IPO Day 2: Issue booked 9.7 times on strong NII interest; check GMP, subscription status, more

Creative Graphics Solutions IPO GMP today

Creative Graphics IPO GMP or grey market premium is +50. This indicates Creative Graphics Solutions share price were trading at a premium of 50 in the grey market, according to investorgain.com.

Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Creative Graphics Solutions share price was indicated at 135 apiece, which is 58.82% higher than the IPO price of 85.

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

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.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 28 Mar 2024, 02:35 PM IST
Next Story footLogo
Recommended For You
GENIE RECOMMENDS

Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!

Let’s get started
Switch to the Mint app for fast and personalized news - Get App