Fixed Price IPO | ₹5 Cr | Listed at BSE SME | Mon, Oct 31, 2022 - Thu, Nov 3, 2022
DAPS Advertising IPO is a fixed price issue of ₹5.10 crores. The issue is entirely a fresh issue of 0.17 crore shares of ₹5.10 crore.
DAPS Advertising IPO bidding started from Oct 31, 2022 and ended on Nov 3, 2022. The allotment for DAPS Advertising IPO was finalized on Nov 9, 2022. The shares got listed on BSE SME on Nov 14, 2022.
DAPS Advertising IPO price is ₹30 per share. The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (4000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (8,000 shares), amounting to ₹2,40,000.
Shreni Shares 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 Shreni Shares Ltd..
Refer to DAPS Advertising IPO RHP for detailed Information.
IPO Open
Mon, Oct 31, 2022
IPO Close
Thu, Nov 3, 2022
Issue Price
₹30 per share
Market Cap (Pre-IPO)
₹15.53 Cr
| IPO Date | 31 Oct to 3 Nov, 2022 |
| Listed on | Mon, Nov 14, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹30 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 17,00,000 shares (agg. up to ₹5 Cr) |
| Reserved for Market Maker | 92,000 shares Shreni Shares Ltd. (agg. up to ₹0.2760 Cr) |
| Fresh Issue (Ex Market Maker) | 16,08,000 shares (agg. up to ₹5 Cr) |
| Net Offered to Public | 16,08,000 shares (agg. up to ₹5 Cr) |
| Share Holding Pre Issue | 34,74,900 shares |
| Share Holding Post Issue | 51,74,900 shares |
| BSE Script Code | 543651 |
| ISIN | INE975Z01012 |
DAPS Advertising IPO comprises a total issue size of 17,00,000 shares. The net offer to the public is 16,08,000 shares, after excluding 92,000 shares allotted on a firm basis. Of the Net offer 8,04,000 (50.00%) allocated to NII 8,04,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 8,04,000 | 50.00% | 47.29% |
| Retail Shares Offered | 8,04,000 | 50.00% | 47.29% |
| Firm Reservations | |||
| Market Maker Shares Offered | 92,000 | 5.41% | |
| Total Shares Offered | 17,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,20,000 |
| Retail (Max) | 1 | 4,000 | ₹1,20,000 |
| HNI (Min) | 2 | 8,000 | ₹2,40,000 |
Incorporated in 1999, Daps Advertising Limited is engaged in the business of providing advertising agency services. The company offers a range of advertising media services consisting of print media, electronic media and outdoor media services which cover advertisement modes such as newspapers, brochures, magazines, television channels, FM channels and display of outdoor hoardings etc.
The company's customers include corporate clients operating in various business fields viz. construction, education, electronics, automobiles, FMCG, jewellery, apparel, insurance, housing, hospital, financial service providers, aviation, Government organizations etc.
For the period ended September 30, 2022, and for the financial year ended March 31, 2022, 2021 and 2020, the company's revenue from operations was Rs 1458.33 lakhs, Rs 1868.31 lakhs, Rs 785.58 lakhs and Rs 2022.70 lakhs, respectively.
Competitive Strength:
| Period Ended | 30 Sep 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 17.29 | 13.71 | 11.94 | 13.28 |
| Total Income | 14.66 | 18.77 | 8.04 | 20.37 |
| Profit After Tax | 0.88 | 1.09 | 0.10 | 0.39 |
| NET Worth | 9.22 | 8.34 | 7.25 | 7.15 |
| Reserves and Surplus | 5.74 | 4.87 | 3.78 | 3.68 |
| Total Borrowing | 2.18 | 0.41 | 1.23 | 1.83 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding working capital requirements | 2.53 |
| 2 | General Corporate Purpose | 1.00 |
| KPI | |
|---|---|
| ROE | 14 |
| ROCE | 22.66 |
| Debt/Equity | 0.05 |
| RoNW | 13.09 |
| PAT Margin | 5.84% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 3.14 | |
| P/E (x) | 8.82 | |
| Promoter Holding | 96.66% | 64.91% |
| Market Cap | ₹15.53 Cr. |
The DAPS Advertising IPO is subscribed 65.93 times on November 3, 2022 6:58:00 PM (Day 4). The public issue subscribed 48.63 times in the retail category, [.] times in the QIB category, and 83.24 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 83.24 | 8,04,000 | 6,69,24,000 |
| Retail | 48.63 | 8,04,000 | 3,90,96,000 |
| Total | 65.93 | 16,08,000 | 10,60,20,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead manager(s) fees including underwriting commission | 0.39 |
| 2 | Brokerage, selling commission and upload fees | 0.00 |
| 3 | Registrar to the issue | 0.01 |
| 4 | Legal Advisors | 0.00 |
| 5 | Advertising and marketing expenses | 1.07 |
| 6 | Regulators including stock exchanges | 0.02 |
| 7 | Printing and distribution of issue stationary | 0.01 |
| 8 | Others, if any (market making, depositories, marketing fees, secretarial, peer review auditors, etc.) | 0.07 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹30.00 |
| Open | ₹57.00 |
| Low | ₹54.15 |
| High | ₹59.85 |
| Last Trade | ₹55.10 |
Lead Manager Reports
DAPS Advertising IPO is a SME IPO of 17,00,000 equity shares of the face value of ₹10 aggregating up to ₹5 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000.
The IPO opens on Mon, Oct 31, 2022, and closes on Thu, Nov 3, 2022.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in DAPS Advertising IPO using UPI as a payment gateway. Zerodha customers can apply in DAPS Advertising IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in DAPS Advertising IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The DAPS Advertising IPO opens on Mon, Oct 31, 2022 and closes on Thu, Nov 3, 2022.
DAPS Advertising IPO lot size is 4000, and the minimum amount required for application is ₹1,20,000.
You can apply in DAPS Advertising 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 DAPS Advertising IPO will be done on Wednesday, November 9, 2022, and the allotted shares will be credited to your demat account by Fri, Nov 11, 2022. Check the DAPS Advertising IPO allotment status.
The DAPS Advertising IPO listing date is on Mon, Nov 14, 2022.
