Creative Graphics Solutions India IPO to go public on Tuesday: Check out what the current GMP shows today

Creative Graphics Solutions India IPO: The IPO of Creative Graphics Solutions India Ltd, which was open for public subscription between March 28 and April 4, will list on NSE Emerge on Tuesday, April 9. The share allotment of the IPO was completed on April 5 and the allotment status can be checked on the registrar Bigshare Services website.

On the final day of bidding on Thursday, the Rs 54.40-crore SME IPO received a whopping 201.86 times subscription and received bids for 85,91,34,400 shares against 42,56,000 shares on offer.

The non-institutional investor category was subscribed 472.85 times while the retail investor section (RIIs) attracted 144.63 times subscriptions. The Qualified Institutional Buyers (QIBs) quote was subscribed 98.79 times.

Creative Graphics Solutions India IPO GMP today

According to market observers, unlisted shares of Creative Graphics Solutions India Ltd are trading Rs 65 higher in the gray market than the issue price of Rs 85. The gray market premium or GMP of Rs 65 means the gray market expects 76.47 percent listing profit from the public issue. The GMP is based on market sentiment and is constantly changing.

“Gray market premium” indicates investors’ willingness to pay more than the issue price.

Creative Graphics Solutions India IPO details

The IPO of Creative Graphics Solutions India was a pure fresh issue of 64 lakh shares. The IPO was completed on April 4, 2024 and the share allotment was completed on Friday, April 5, 2024.

Creative Graphics Solutions India IPO will list on NSE SME on Tuesday, April 9, 2024.

The price range has been fixed at Rs 80 to Rs 85 per share. The minimum lot size for registration was 1,600 shares. The minimum investment amount required from retail investors was Rs 1,36,000. The minimum investment size for HNI was 2 lots (3,200 shares) worth Rs 2,72,000.

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Corporate Capitalventures Pvt Ltd is the underwriter of the IPO of Creative Graphics Solutions India while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for the IPO of Creative Graphics Solutions India is Ss Corporate Securities.

Founded in 2014, Creative Graphics Solutions India Limited manufactures flexographic printing plates. The company was previously known as Tanushii Industries Private Limited. The company manufactures digital flexographic printing plates, conventional flexographic printing plates, letterpress plates, metal backing plates and coating plates. The Company also has two wholly owned subsidiaries: Creative Graphics Premedia Private Limited and Wahren India Private Limited.

Revenue increased by 33.63 percent and profit after tax (PAT) increased by 85.82 percent between the financial year ended March 31, 2023 and March 31, 2022.