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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 ₹30.00 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). The minimum lot size investment for 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 Date | October 31, 2022 to November 3, 2022 |
| Listing Date | November 14, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹30 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 17,00,000 shares (aggregating up to ₹5.10 Cr) |
| Reserved for Market Maker | 92,000 shares Shreni Shares Ltd. (aggregating up to ₹0.2760 Cr) |
| Net Offered to Public | 16,08,000 shares (aggregating up to ₹4.82 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 34,74,900 shares |
| Share Holding Post Issue | 51,74,900 shares |
DAPS Advertising IPO offers total 17,00,000 shares. Out of which 8,04,000 (47.29%) allocated to NII, 8,04,000 (47.29%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 92,000 (5.41%) |
| NII (HNI) Shares Offered | 8,04,000 (47.29%) |
| Retail Shares Offered | 8,04,000 (47.29%) |
| Total Shares Offered | 17,00,000 (100.00%) |
DAPS Advertising IPO opens on October 31, 2022, and closes on November 3, 2022.
| IPO Open Date | Mon, Oct 31, 2022 |
| IPO Close Date | Thu, Nov 3, 2022 |
| Tentative Allotment | Wed, Nov 9, 2022 |
| Initiation of Refunds | Thu, Nov 10, 2022 |
| Credit of Shares to Demat | Fri, Nov 11, 2022 |
| Tentative Listing Date | Mon, Nov 14, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Nov 3, 2022 |
Investors can bid for a minimum of 4,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 1327.75 | 2037.32 | 39.48 | 715.36 | 367.87 | 183.42 |
| 31-Mar-21 | 1193.58 | 803.57 | 9.77 | 725.13 | 377.64 | 123.35 |
| 31-Mar-22 | 1370.59 | 1877 | 109.19 | 834.32 | 486.83 | 41.29 |
| 30-Sep-22 | 1728.85 | 1466.09 | 87.62 | 921.95 | 574.46 | 218.46 |
| Amount in ₹ Lakhs | ||||||
The market capitalization of DAPS Advertising IPO is ₹15.53 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 8.82 |
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
1. Funding working capital requirements.
2. General corporate purposes.
[Dilip Davda] DAPS is in a highly competitive and fragmented segment. Though the issue appears lucratively priced based on its recent super financial performance, higher spending for IPO marketing raises concern. Small equity post-IPO also indicates a longer gestation for migration to the main board. Well-informed risk seekers may consider parking funds for the medium to long term. Read detail review...
| Listing Date | November 14, 2022 |
| BSE Script Code | 543651 |
| NSE Symbol | |
| ISIN | INE975Z01012 |
| Final Issue Price | ₹30 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹30.00 |
| Open | ₹57.00 |
| Low | ₹54.15 |
| High | ₹59.85 |
| Last Trade | ₹55.10 |
DAPS Advertising Ltd.
128, Clyde House,
Office No. 9- B,
The Mall,
Kanpur, Uttar Pradesh, 208001
Phone: +918115076766
Email: investor@dapsadvertising.com
Website: http://www.dapsadvertising.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
DAPS Advertising IPO is a SME IPO of 17,00,000 equity shares of the face value of ₹10 aggregating up to ₹5.10 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000.
The IPO opens on October 31, 2022, and closes on November 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 October 31, 2022 and closes on November 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 Friday, November 11, 2022. Check the DAPS Advertising IPO allotment status.
The DAPS Advertising IPO listing date is on Monday, November 14, 2022.
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