What you must know about Creative Graphics Solutions India IPO?
About Creative Graphics Solutions India IPO
Creative Graphics Solutions India Limited began its journey in 2014, previously known as Tanushii Industries Private Limited. It specializes in crafting flexographic printing plates. They offer a range of products including Conventional Flexo Printing Plates, Digital Flexo Plates, Metal Back Plates, Letter Press Plates and Coating Plates. The company has two wholly owned subsidiaries Creative Graphics Premedia Private Limited, providing design customization and print production services to clients like ITC, MARS, TATA Consumers and others and Wahren India Private Limited, offering packaging solutions for the pharmaceutical industry including Alu-Alu Foil and Blister Foil.
With seven manufacturing facilities located in Noida, Chennai, Vasai, Baddi, Hyderabad, Ahmedabad and Pune, the company serves customers across India and abroad including in Thailand, Africa, Qatar, Kuwait and Nepal. As of March 2024, Creative Graphics Solutions India Limited employs over 400 individuals.
Key Highlights of the Creative Graphics Solutions India IPO
Here are some of the highlights of the Creative Graphics Solutions India IPO:
- Creative Graphics Solutions India IPO will be open from 28 March 2024 to 4 April 2024. Creative Graphics Solutions IPO has a face value of ₹10 per equity share and the price band for the Creative Graphics Solutions IPO has been fixed between ₹80- 85 per share.
- The IPO of Creative Graphics Solutions India comprises solely a fresh issue component, with no portion allocated for offer for sale (OFS).
- As part of the fresh issue portion of the IPO, Creative Graphics Solutions India IPO will issue a total of 64 lakh shares, at the upper price band of the IPO of ₹85 per share to raise fresh funds of ₹54.40 crores.
- Since Creative Graphics Solutions India IPO does not include OFS component, the total IPO size is equivalent to the fresh issue size of the IPO, which amounts to ₹54.40 crore.
- Mrs. Sarika Goel, Mr. Deepanshu Goel are the promoters of the company. Before the listing, promoter holding in the company stood at 92.10%, post listing on 9 April, promoter holding will be diluted to 67.83%.
- The raised funds will be used for various purposes, including meeting working capital requirements, repaying/prepaying certain borrowings, funding capital expenditure, pursuing unidentified acquisitions for inorganic growth and addressing general corporate needs.
- Corporate Capitalventures Pvt Ltd serves as the book running lead manager for the Creative Graphics Solutions India IPO, while Bigshare Services Pvt Ltd has been appointed as the registrar for the issue. Ss Corporate Securities will be the market maker for the Creative Graphics Solutions India IPO.
Lot sizes for investing in the Creative Graphics Solutions India IPO
The minimum lot size for Creative Graphics SolutionsIPO investment is 1600 shares, equivalent to ₹136,000 (1600 shares x ₹85 per share), which is also the maximum lot for retail investors to apply. For Creative Graphics Solutions India IPO HNI/NII investors can invest in a minimum of 2 lots, totaling 3200 shares with a minimum value of ₹272,000. Check the breakdown of lot sizes and amounts required for retail and HNI investors.
|
Application |
Lots |
Shares |
Amount |
|
Retail (Min) |
1 |
1600 |
₹136,000 |
|
Retail (Max) |
1 |
1600 |
₹136,000 |
|
HNI (Min) |
2 |
3,200 |
₹272,000 |
Key Dates for Creative Graphics Solutions India IPO?
Creative Graphics Solutions India IPO will open for subscription on Thursday, 28 March 2024 and close on Thursday, 4 April. The bidding period for the Creative Graphics Solutions India IPO will be from 28 March 2024, starting at 10:00 AM, until 4 April 2024, closing at 5:00 PM. For Creative Graphics Solutions India IPO cut off time for UPI Mandate confirmation is 5:00 PM on the closing day of the IPO, which falls on Thursday 4 Apr.
|
Event |
Tentative Date |
|
IPO Opening Date |
28-Mar-24 |
|
IPO Closing Date |
4-Apr-24 |
|
Allotment Date |
5-Apr-24 |
|
Refunds to non-allottees |
8-Apr-24 |
|
Credit of Shares to Demat Account |
8-Apr-24 |
|
Listing Date |
9- Apr-24 |
|
Listing At |
NSE SME |
Financial Highlights of Creative Graphics Solutions India IPO
Key financial figures of Creative Graphics Solutions India IPO for the last three completed financial years
|
Particulars |
FY23 |
FY22 |
FY21 |
|
Assets (₹ in Lakhs) |
6,600.07 |
4,497.40 |
3,471.15 |
|
Revenues (₹ in Lakhs) |
9,178.34 |
6,868.33 |
4,804.34 |
|
PAT (₹ in Lakhs) |
864.15 |
465.05 |
227.97 |
|
Net Worth (₹ in Lakhs) |
1,872.75 |
1,008.60 |
543.55 |
|
Reserves and Surplus (₹ in Lakhs) |
1,797.75 |
933.60 |
468.55 |
|
Total Borrowing (₹ in Lakhs) |
2,290.52 |
950.57 |
894.64 |
Creative Graphics Solutions India's profits have shown growth over the past three years. In FY21, PAT stood at ₹227.97 Lakhs marking a decent start. By FY22, profits increased to ₹465.05 Lakhs. However, the recent financial year FY23 witnessed a surge in profit to ₹ 864.15 Lakhs. This surge represents an improvement in the company's financial health.
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