- IPO Anchor Book will open on Wednesday, March 27, while the issue will be closed on Thursday, April 04, 2024
- IPO comprises a fresh issue of 64,00,000 equity shares with a face value of Rs. 10 each through the book-building route
- The company plans to raise Rs. 54.4 crore from the IPO and intends to utilize net proceeds to meet the working capital requirements of the company, repay/prepay, in part or full of certain of the company’s borrowings, meet the capital expenditure of the company, fund the inorganic growth through unidentified acquisition for company and general corporate expenses
- Creative Graphics Solutions specialises in manufacturing flexographic printing plates, including Digital Flexo Plates, Conventional Flexo Printing Plates, Letter Press Plates, Metal Back Plates, and Coating Plates
- Corporate Capital Ventures is the Book Running Lead Manager, and Bigshare Services Private Limited is the Registrar for the issue; Creative Graphics is from the MSMEx SME IPO Cohort program.
IPO details – Creative Graphics Solutions India Limited:
- No. of shares (FV Rs. 10 each)
- 64,00,000 Equity Shares
- Price band
- Rs. 80-85
- Issue size (at upper band)
- Rs. 54.4 crore
- Issue type
- Fresh Issue
- Issue opens on
- Thursday, March 28, 2024
- Issue closes on
- Thursday, April 04, 2024
- Anchor opening date
- Wednesday, March 27, 2024
- Reservation for Market Maker
- 3,20,000 Equity Shares
- Reservation for NIIs
- 9,12,000 Equity Shares
- Reservation for QIBs
- 30,40,000 Equity Shares (including 18,24,000 Equity Shares as Anchor Investor portion)
- Reservation for Retail
- 21,28,000 Equity Shares
- Lot Size
- 1,600 Equity Shares
March 22, 2024: Creative Graphics Solutions India Limited (“Creative Graphics” or “The Company”), India’s leading organised and integrated packaging ecosystem player, announced that its initial public offering (IPO) will open on Thursday, March 28, 2024. The anchor portion will be opened on Wednesday, March 27, 2024, and the issue will conclude on Thursday, April 04, 2024. The company intends to raise approximately Rs. 54.4 crore (at upper band) from the offering and aims to be listed with NSE Emerge. The price band for the issue has been fixed at Rs. 80/- – Rs. 85/- per share, and the lot size will be 1,600 equity shares.
Corporate Capital Ventures is the Book Running Lead Manager, and Bigshare Services Private Limited is the Registrar for the issue Private Limited is the Registrar to the issue. Corporate Capital Ventures Private Limited completed a string of successful SME IPOs in recent months, including Alpex Solar, Esconet Technologies, Rockingdeals, Accent Microcell, Oriana Power, Droneacharya and Crayons Advertising, among others.
Creative Graphics is a product of the MSMEx SME IPO Cohort program, mentored by Amit Kumar, Founder & CEO at MSMEx.
The Noida-based company’s IPO will comprise a fresh issue of 64,00,000 Equity Shares with a face value of Rs. 10/- through the book-building route. As many as 3.2 lakh equity shares have been reserved for Market Maker, 9.12 lakh equity shares allocated for NIIs, 30.4 lakh equity shares for QIBs (including 18.24 lakh equity shares as Anchor investor portion), and the Retail (RII) portion accounts for 21.28 lakh equity shares.
According to the RHP document, the company intends to utilise net proceeds from the IPO to meet the working capital requirements of the company, repay/prepay, in part or full of certain of the company’s borrowings, meet the capital expenditure of the company, fund inorganic growth through unidentified acquisition for the company, and general corporate expenses.
Creative Graphics specialises in manufacturing flexographic printing plates, including Digital Flexo Plates, Conventional Flexo Printing Plates, Letter Press Plates, Metal Back Plates, and Coating Plates. The company serves its customer base in India, Thailand, Qatar, Kuwait, Nepal, and Africa. It operates seven manufacturing facilities in different states: Noida (Uttar Pradesh), Vasai, Pune (Maharashtra), Chennai (Tamil Nadu), Baddi (Himachal Pradesh), Hyderabad (Telangana), and Ahmedabad (Gujarat).
Founded by Deepanshu Goel, a first-generation entrepreneur and incorporated in 2014, Creative Graphics has expanded its business through its wholly owned subsidiaries – Creative Graphics Premedia Private Limited (CG Premedia) and Wahren India Private Limited. While CG Premedia offers end-to-end premedia services, from design adaptation to print production, Wahren India supplies high-quality packaging solutions for the pharmaceutical industry. It produces Alu-Alu Foil, Blister Foil, Tropical Alu-Alu Foil, CR Foil, and Pharmaceutical Sachet.
The company clocked revenue of Rs. 48.07 crore and earned a profit (PAT) of Rs. 7.24 crore during the first half of the current fiscal year, which ended September 30, 2023. It registered revenue of Rs. 90.14 crore and a profit (PAT) of Rs. 8.64 crore in FY2022-23.
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