KRM Ayurveda IPO Receives Exceptional Response, Subscribed 74.27x on Day 3
Cash Ur Drive Marketing Makes Strong Debut with 19% Premium, Reflecting Positive Market Response
Last Updated: 7th August 2025 - 11:37 am
The outdoor advertising and vehicle wrap specialist, Cash Ur Drive Marketing Limited, made a strong debut on NSE SME on August 7, 2025. After closing its IPO bidding between July 31 - August 4, 2025, the company commenced trading with a 19.23% premium at ₹155, reflecting robust investor confidence in the out-of-home advertising sector and the company's innovative vehicle-based marketing solutions.
Cash Ur Drive Marketing Listing Details
Cash Ur Drive Marketing IPO launched at ₹130 per share with a minimum investment of 2,000 shares costing ₹2,60,000. The IPO received exceptional response with a subscription of 81.94 times - NII leading at 135.23 times, QIB at 76.19 times, whilst retail participation reached 62.41 times, indicating overwhelming investor appetite for the outdoor advertising business model.
First-Day Trading Performance Outlook
Listing Price: The Cash Ur Drive Marketing share price opened at ₹155 on NSE SME, representing a premium of 19.23% from the issue price of ₹130, delivering substantial gains of approximately ₹5,000 per lot for investors and highlighting strong market optimism about outdoor advertising sector prospects.
Growth Drivers and Challenges
Growth Drivers:
Strong Financial Performance: Revenue surged 45% to ₹142.18 crore in FY25 with PAT jumping 92% to ₹17.68 crore, reflecting robust demand for outdoor advertising services and operational efficiency improvements in the marketing sector.
Comprehensive Service Portfolio: 360-degree marketing solutions including transit media advertising, outdoor advertising, print media, and digital media services providing diversified revenue streams across multiple advertising channels.
Strategic Geographic Expansion: Branch operations in Chandigarh, Lucknow, Mumbai, and Noida ensuring pan-India presence and ability to serve clients across major metropolitan markets and emerging cities.
Innovative Advertising Solutions: Specialization in vehicle wrap advertising as mobile billboards, EV vehicle advertising, and charging station promotions leveraging growth in electric vehicle industry and modern marketing trends.
Challenges:
Competitive Market Environment: Operating in highly competitive out-of-home advertising sector with numerous established players and pricing pressures affecting margins and market positioning.
Economic Sensitivity: Advertising spending typically correlates with economic cycles, exposing the company to reduced client budgets during economic downturns affecting revenue stability.
Regulatory Dependencies: Outdoor advertising subject to local municipal regulations and permits potentially affecting operations and expansion plans across different cities.
Technology Disruption Risks: Digital advertising growth may impact traditional outdoor advertising demand requiring continuous innovation and adaptation to changing marketing preferences.
Utilisation of IPO Proceeds
Working Capital Funding: ₹33 crore for funding working capital requirements supporting business operations and client servicing in the advertising sector.
Capital Expenditure: ₹5.97 crore for capital expenditure enhancing operational capabilities and infrastructure to support business expansion and service delivery.
Technology Investment: ₹5.31 crore for investment in technology improving service delivery capabilities and digital transformation initiatives in the advertising business.
Financial Performance of Cash Ur Drive Marketing
Revenue: ₹142.18 crore for FY25, showing impressive 45% growth from ₹97.77 crore in FY24, reflecting strong demand recovery and market expansion in the outdoor advertising segment.
Net Profit: ₹17.68 crore in FY25, representing exceptional 92% growth from ₹9.22 crore in FY24, indicating substantial operational efficiency improvements and margin expansion in the advertising business.
Financial Metrics: Strong ROE of 44.43%, impressive ROCE of 41.55%, solid RoNW of 44.43%, healthy PAT margin of 12.69%, moderate EBITDA margin of 14.84%, high Price to Book Value of 6.61, and market capitalisation of ₹229.40 crore.
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