Creative Graphics Solutions India IPO booked 200x on last day: Check subscription status, allotment and listing date
Upstox
2 min read • Updated: April 4, 2024, 9:44 PM
Summary
Creative Graphics Solutions India IPO share allotment status is expected to be finalised on April 5. Creative Graphics Solutions India shares are likely to be listed on the NSE SME platform on April 9.
Creative Graphics Solutions India IPO subscription closed with a huge demand from investors as the public issue was booked more than 200% on the final day of bidding on Thursday, April 4.
The initial public offer received bids for more than 85.94 crore shares compared to 42.56 lakh shares on offer, reflecting an overall subscription of 201.93 times, as per the NSE data.
In the non-institutional investors’ (NIIs) category the public issue received the highest bids as the portion was booked more than 473 times. The investors in the NIIs category placed bids for 43.15 crore shares against 9.12 lakh shares on offer. The retail portion was booked nearly 145 times with demand for 30.77 crore shares against 21.28 lakh shares set aside for the segment.
In the Qualified Institutional Buyers’ (QIBs) category the investors applied for over 12.01 crore shares against 12.16 lakh shares on offer, reflecting a subscription of over 98 times.
Creative Graphics Solutions India IPO share allotment, listing and other key details
Creative Graphics Solutions India IPO, a book-built issue of ₹54.4 crore opened for subscription on March 28. The public offer consisted entirely of a fresh issue of 64 lakh shares of a face value of ₹10 each.
Creative Graphics Solutions India IPO allotment status is expected to be concluded by Friday, April 5. Subsequently, the initiation of refunds and the credit of shares to the demat accounts will take place on Monday, April 8. The IPO is likely to be listed on the NSE SME platform, Emerge, on Tuesday, April 9.
Creative Graphics Solutions India IPO price band was fixed between ₹80 and ₹85 per share. The retail investors were allowed to bid for a minimum single lot size of 1,600 shares, totaling to an investment of ₹1,36,000.
The registrar for the IPO is Bigshare Services Pvt Ltd, while the book running lead manager is Corporate Capitalventures Pvt Ltd.
About Creative Graphics Solutions India
Founded in 2014, Creative Graphics Solutions India Limited specialises in manufacturing flexographic printing plates. Its clientele includes ITC, TATA Consumers, MARS, Haldiram, Dabur India, KRBL, Himalaya, Hamdard Laboratories, among others.
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