Creative Graphics Solutions India IPO: Check Subscription Status, GMP Today.
Unlisted shares of Creative Graphics Solutions India Ltd are buying and selling Rs 50 larger within the gray market, anticipating a 58.82 per cent itemizing achieve from the general public challenge
Creative Graphics Solutions India IPO: The preliminary public providing of Creative Graphics Solutions India Ltd, which was opened for public subscription on March 28, has acquired a good response from traders. Till 11:30 am on the fourth day of bidding on Wednesday, the Rs 54.40-crore SME IPO acquired 19.06 occasions subscription, garnering bids for 4,75,56,800 shares towards 42,56,000 shares on supply.
The class for non-institutional traders received subscribed 7.65 occasions whereas the portion for Retail Individual Investors (RIIs) attracted 19.06 occasions subscriptions. The quota for Qualified Institutional Buyers (QIBs) received subscribed 0.02 occasions.
Creative Graphics Solutions India IPO GMP Today
According to market observers, unlisted shares of Creative Graphics Solutions India Ltd are buying and selling Rs 50 larger within the gray market as in contrast with its challenge value of Rs 85. The Rs 50 gray market premium or GMP means the gray market is anticipating a 58.82 per cent itemizing achieve from the general public challenge. The GMP relies on market sentiments and retains altering.
‘Grey market premium’ signifies traders’ readiness to pay greater than the difficulty value.
Creative Graphics Solutions India IPO Details
The Creative Graphics Solutions India IPO is fully a recent challenge of 64 lakh shares. The IPO will shut on April 4, 2024, and the share allotment is anticipated to be finalised on Friday, April 5, 2024.
The Creative Graphics Solutions India IPO will listing on NSE SME with tentative itemizing date fastened as Tuesday, April 9, 2024.
Its value band has been fastened at Rs 80 to Rs 85 per share. The minimal lot dimension for an utility is 1,600 shares. The minimal quantity of funding required by retail traders is Rs 1,36,000. The minimal lot dimension funding for HNI is 2 heaps (3,200 shares) amounting to Rs 2,72,000.
Corporate Capitalventures Pvt Ltd is the e-book-operating lead supervisor of the Creative Graphics Solutions India IPO, whereas Bigshare Services Pvt Ltd is the registrar for the difficulty. The market maker for Creative Graphics Solutions India IPO is Ss Corporate Securities.
Creative Graphics Solutions India Limited was based in 2014 and manufactures flexographic printing plates. The firm was beforehand generally known as Tanushii Industries Private Limited. The firm manufactures Digital Flexo Plates, Conventional Flexo Printing Plates, Letter Press Plates, Metal Back Plates, and Coating Plates. The firm additionally has two wholly owned subsidiaries: Creative Graphics Premedia Private Limited and Wahren India Private Limited.
Its income jumped 33.63 per cent and revenue after tax (PAT) rose 85.82 per cent between the monetary 12 months ending with March 31, 2023 and March 31, 2022.
