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Maagh Advertising IPO is a fixed price issue of ₹9.12 crores. The issue is entirely a fresh issue of 0.15 crore shares of ₹9.12 crore.
Maagh Advertising IPO bidding started from Sep 26, 2022 and ended on Oct 4, 2022. The allotment for Maagh Advertising IPO was finalized on Oct 10, 2022. The shares got listed on BSE SME on Oct 13, 2022.
Maagh Advertising IPO price is ₹60.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,40,000.
Inventure Merchant Banker Services Pvt.Ltd. is the book running lead manager and Satellite Corporate Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is NNM Securities Pvt.Ltd..
Refer to Maagh Advertising IPO RHP for detailed Information.
| IPO Date | September 26, 2022 to October 4, 2022 |
| Listing Date | October 13, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹60 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 15,20,000 shares (aggregating up to ₹9.12 Cr) |
| Reserved for Market Maker | 76,000 shares NNM Securities Pvt.Ltd. (aggregating up to ₹0.4560 Cr) |
| Net Offered to Public | 14,44,000 shares (aggregating up to ₹8.66 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 17,60,000 shares |
| Share Holding Post Issue | 32,80,000 shares |
Maagh Advertising IPO offers total 15,20,000 shares. Out of which 7,22,000 (47.50%) allocated to NII, 7,22,000 (47.50%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 76,000 (5.00%) |
| NII (HNI) Shares Offered | 7,22,000 (47.50%) |
| Retail Shares Offered | 7,22,000 (47.50%) |
| Total Shares Offered | 15,20,000 (100.00%) |
Maagh Advertising IPO opens on September 26, 2022, and closes on October 4, 2022.
| IPO Open Date | Mon, Sep 26, 2022 |
| IPO Close Date | Tue, Oct 4, 2022 |
| Tentative Allotment | Mon, Oct 10, 2022 |
| Initiation of Refunds | Tue, Oct 11, 2022 |
| Credit of Shares to Demat | Wed, Oct 12, 2022 |
| Tentative Listing Date | Thu, Oct 13, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Oct 4, 2022 |
Investors can bid for a minimum of 2,000 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 | 2,000 | ₹1,20,000 |
| Retail (Max) | 1 | 2,000 | ₹1,20,000 |
| HNI (Min) | 2 | 4,000 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2013, Maagh Advertising And Marketing Services Limited is an advertising agency primary offering creative and media services. The company offers a complete range of designing, media and printing services.
The company services include the following:
Media Services: Print, Outdoor, Radio, Social Media, Media Planning, Buying and implementation
Creative Services: Concept Development, Print advertisements, Radio Spots, Outdoor advertisements, Online advertisements, Logo Design and Packaging Design.
Social Media Advertising: Creative web designing, SEO Services and Campaigns.
Other Services: Public Relation Campaigns and Product Launch campaigns.
The company also rely heavily on third parties like material suppliers, designers, media providers and other service providers to help us meet the contractual obligations and provide services as required by the client.
Competitive Strengths :
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-19 | 1071.9 | 2989.6 | 53.33 | 234.23 | 233.23 |
| 31-Mar-20 | 1340.96 | 5261 | 82.37 | 301.46 | 300.46 |
| 31-Mar-21 | 1154.84 | 2455.42 | 75.97 | 372.8 | 371.8 |
| 31-Mar-22 | 1270.2 | 2179.9 | 55.38 | 425.38 | 249.38 |
| Amount in ₹ Lakhs | |||||
The market capitalization of Maagh Advertising IPO is ₹19.68 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 37.5 |
The objects of the Net Proceeds (as defined below) of the Issue are:
1. Purchase of Software
2. Purchase of Media Inventory
3. General Corporate Purposes
[Dilip Davda] MAMSL is operating in a highly competitive segment with third-party service providers. It has posted a declining top line with pressure on margins. Post IPO low promoter’s holding and small equity base are major concerns. Based on FY22 earnings, the issue is aggressively priced. There is no harm in skipping this pricy issue. Read detail review...
| Listing Date | October 13, 2022 |
| BSE Script Code | 543624 |
| NSE Symbol | |
| ISIN | INE0KY201013 |
| Final Issue Price | ₹60 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹60.00 |
| Open | ₹62.30 |
| Low | ₹62.30 |
| High | ₹65.40 |
| Last Trade | ₹65.40 |
Maagh Advertising & Marketing Services Ltd.
302, 3rd Floor, Kuber Complex,
Opp. Laxmi Industrial Estate, New Link Road,
Andheri West,
Mumbai, Maharashtra, 400053
Phone: +91 22 4603 3045
Email: info@maaghadvertising.in
Website: https://maaghadvertising.in/
Satellite Corporate Services Pvt.Ltd.
Phone: +91-22- 28520461/462
Email: service@satellitecorporate.com
Website: https://www.satellitecorporate.com/ipo-query.php
Maagh Advertising IPO is a SME IPO of 15,20,000 equity shares of the face value of ₹10 aggregating up to ₹9.12 Crores. The issue is priced at ₹60 per share. The minimum order quantity is 2000.
The IPO opens on September 26, 2022, and closes on October 4, 2022.
Satellite Corporate 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 Maagh Advertising IPO using UPI as a payment gateway. Zerodha customers can apply in Maagh Advertising IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Maagh Advertising IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Maagh Advertising IPO opens on September 26, 2022 and closes on October 4, 2022.
Maagh Advertising IPO lot size is 2000, and the minimum amount required for application is ₹1,20,000.
You can apply in Maagh 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 Maagh Advertising IPO will be done on Monday, October 10, 2022, and the allotted shares will be credited to your demat account by Wednesday, October 12, 2022. Check the Maagh Advertising IPO allotment status.
The Maagh Advertising IPO listing date is on Thursday, October 13, 2022.
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