Bookbuilding IPO | ₹54 Cr | Listed at NSE SME | Thu, Mar 28, 2024 - Thu, Apr 4, 2024
Creative Graphics Solutions IPO is a book build issue of ₹54.40 crores. The issue is entirely a fresh issue of 0.64 crore shares of ₹54.40 crore.
Creative Graphics Solutions IPO bidding started from Mar 28, 2024 and ended on Apr 4, 2024. The allotment for Creative Graphics Solutions IPO was finalized on Apr 5, 2024. The shares got listed on NSE SME on Apr 9, 2024.
Creative Graphics Solutions IPO price band is set at ₹85 per share. The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,36,000 (1600 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (3,200 shares), amounting to ₹2,72,000.
Corporate Capitalventures Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is SS Corporate Securities Ltd..
Refer to Creative Graphics Solutions IPO RHP for detailed Information.
IPO Open
Thu, Mar 28, 2024
IPO Close
Thu, Apr 4, 2024
Issue Price
₹85 per share
Market Cap (Pre-IPO)
₹206.43 Cr
| IPO Date | 28 Mar to 4 Apr, 2024 |
| Listed on | Tue, Apr 9, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹80 to ₹85 |
| Issue Price | ₹85 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 64,00,000 shares (agg. up to ₹54 Cr) |
| Reserved for Market Maker | 3,20,000 shares SS Corporate Securities Ltd. (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 60,80,000 shares (agg. up to ₹52 Cr) |
| Net Offered to Public | 60,80,000 shares (agg. up to ₹52 Cr) |
| Share Holding Pre Issue | 1,78,86,000 shares |
| Share Holding Post Issue | 2,42,86,000 shares |
| NSE Symbol | CGRAPHICS |
| ISIN | INE0R7401011 |
Creative Graphics Solutions IPO comprises a total issue size of 64,00,000 shares. The net offer to the public is 60,80,000 shares, after excluding 3,20,000 shares allotted on a firm basis. Of the Net offer 30,40,000 (50.00%) are allocated to QIB, 9,12,000 (15.00%) allocated to NII 21,28,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 30,40,000 | 50.00% | 47.50% |
| − Anchor Investor Shares Offered | 18,24,000 | 28.50% | |
| − QIB (Ex. Anchor) Shares Offered | 12,16,000 | 19.00% | |
| NII (HNI) Shares Offered | 9,12,000 | 15.00% | 14.25% |
| Retail Shares Offered | 21,28,000 | 35.00% | 33.25% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,20,000 | 5.00% | |
| Total Shares Offered | 64,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,36,000 |
| Retail (Max) | 1 | 1,600 | ₹1,36,000 |
| HNI (Min) | 2 | 3,200 | ₹2,72,000 |
Creative Graphics Solutions IPO raises ₹15.50 crore from anchor investors. Creative Graphics Solutions IPO Anchor bid date is March 27, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, Mar 27, 2024 |
| Shares Offered | 18,24,000 |
| Anchor Portion (₹ Cr.) | 15.50 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, May 5, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Jul 4, 2024 |
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.
Creative Graphics Premedia Pvt Ltd offers premedia services such as design customization and print production. Its clients include ITC, TATA Consumers, MARS, Cavin Kare, Haldiram, Dabur India, KRBL, Himalaya, Hamdard Laboratories etc.
Wahren India Pvt Ltd offers packaging solutions for the pharmaceutical industry such as Alu-Alu Foil, Blister Foil, Tropical Alu-Alu Foil, CR Foil, and Pharmaceutical Sachet.
Creative Graphics Solutions India has 7 manufacturing facilities in Noida, Uttar Pradesh, Vasai, Mumbai, Chennai, Bmaddi Himachal Pradesh, Hyderabad, Ahmedabad and Pune.
The company's customers come from all over India and from countries such as Africa, Thailand, Qatar, Kuwait and Nepal.
As of March 2024, the company has over 400 employees.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 100.31 | 66.00 | 44.97 | 34.71 |
| Total Income | 48.46 | 91.78 | 68.68 | 48.04 |
| Profit After Tax | 7.24 | 8.64 | 4.65 | 2.28 |
| NET Worth | 25.51 | 18.73 | 10.09 | 5.44 |
| Reserves and Surplus | 24.01 | 17.98 | 9.34 | 4.69 |
| Total Borrowing | 45.00 | 22.91 | 9.51 | 8.95 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet out the working capital requirements of our company “Creative graphics” | 15.00 |
| 2 | Repayment/prepayment, in part or full, of certain of our borrowings | 11.00 |
| 3 | To meet out the capital expenditure of our company “Creative graphics” | 10.00 |
| 4 | To meet out the inorganic growth through unidentified acquisition for company* | 5.00 |
| 5 | General Corporate Expenses | 8.60 |
| KPI | Sep 30, 2023 |
|---|---|
| ROE | 28.38% |
| ROCE | 24.99% |
| Debt/Equity | 1.76 |
| RoNW | 28.38% |
| PAT Margin | 9.59% |
| Price to Book Value | 0.50 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 4.83 | 5.96 |
| P/E (x) | 17.59 | 14.25 |
| Promoter Holding | 92.10% | 67.83% |
| Market Cap | ₹206.43 Cr. |
The Creative Graphics Solutions India IPO is subscribed 201.86 times on April 4, 2024 6:22:04 PM (Day 5). The public issue subscribed 144.63 times in the retail category, 98.79 times in the QIB category, and 472.85 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 98.79 | 12,16,000 | 12,01,32,800 |
| NII* | 472.85 | 9,12,000 | 43,12,35,200 |
| Retail | 144.63 | 21,28,000 | 30,77,66,400 |
| Total | 201.86 | 42,56,000 | 85,91,34,400 |
Total Application : 1,92,354
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager Issue Management fees | 0.20 |
| 2 | Selling and Distribution fees | 1.09 |
| 3 | Underwriting Commission | 2.72 |
| 4 | Advertising and marketing expenses | 0.25 |
| 5 | Fees payable to Registrar to the Issue | 0.05 |
| 6 | Brokerage and selling commission payable to SCSBs, Registered Brokers, RTAs and CDPs, as applicable | 0.00 |
| 7 | Processing fees to the SCSBs and to the Sponsor Banks for ASBA Forms procured by Registered Brokers, RTAs or CDPs | 0.00 |
| 8 | Printing and distribution of issue stationery | 0.02 |
| 9 | Listing fees | 0.01 |
| 10 | NSE Processing | 0.00 |
| 11 | Book Building software fees | 0.04 |
| 12 | Other regulatory expenses | 0.01 |
| 13 | Fees payable to legal counsel | 0.01 |
| 14 | Miscellaneous | 0.40 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹85.00 |
| Open | ₹175.00 |
| Low | ₹167.10 |
| High | ₹183.75 |
| Last Trade | ₹176.25 |
Lead Manager Reports
Creative Graphics Solutions IPO is a SME IPO of 64,00,000 equity shares of the face value of ₹10 aggregating up to ₹54 Crores. The issue is priced at ₹85 per share. The minimum order quantity is 1600.
The IPO opens on Thu, Mar 28, 2024, and closes on Thu, Apr 4, 2024.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Creative Graphics Solutions IPO using UPI as a payment gateway. Zerodha customers can apply in Creative Graphics Solutions IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Creative Graphics Solutions IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Creative Graphics Solutions IPO opens on Thu, Mar 28, 2024 and closes on Thu, Apr 4, 2024.
Creative Graphics Solutions IPO lot size is 1600, and the minimum amount required for application is ₹1,36,000.
You can apply in Creative Graphics Solutions IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Creative Graphics Solutions IPO will be done on Friday, April 5, 2024, and the allotted shares will be credited to your demat account by Mon, Apr 8, 2024. Check the Creative Graphics Solutions IPO allotment status.
The Creative Graphics Solutions IPO listing date is on Tue, Apr 9, 2024.
