Graphisads IPO Launches with Fixed Price Issue

Graphisads IPO Launches with Fixed Price Issue

VoM News Desk | November 29, 2023 | 04:28 PM IST | Breaking News | Follow on Google News

Graphisads IPO Launches with Fixed Price Issue

Graphisads IPO Launches with Fixed Price Issue

Graphisads Ltd, an integrated marketing, advertising, and communications agency, is set to open its initial public offering (IPO) for subscription on Thursday, November 30. This SME IPO, which is a fixed price issue, will close on Tuesday, December 5.

IPO Details and Fund Utilization Plan

The company aims to raise ₹53.41 crore through the public offer, which comprises entirely of a fresh issue of 48.12 lakh shares. The IPO is priced at ₹111 per share, with a lot size of 1,200 shares, requiring a minimum investment of ₹133,200 from retail investors. The proceeds from the IPO are intended for repayment of certain borrowings, addressing working capital requirements, and covering general corporate expenses.

Allotment and Listing Dates

The allotment of Graphisads IPO shares is expected to be finalized by December 8, with a tentative listing date on the NSE SME set for December 13, 2023. First Overseas Capital Ltd is serving as the book running lead manager, while Kfin Technologies is the appointed IPO registrar.

Company Profile and Services

Graphisads Ltd offers a comprehensive range of advertising services to government, private, and public sector entities. Their 360-degree solutions encompass brand strategy, communication strategy, creative services, media planning, buying, and release services. The company’s service portfolio includes advertising through newspapers, magazines, radio, TV, events, exhibitions, digital media, brochure printing, and outdoor hoardings, digital screens, and street furniture.

Financial Performance

For FY23, Graphisads reported a net profit of ₹55.66 crore and revenue from operations of ₹984.3 crore. The company’s EBITDA for the year stood at ₹1,148 crore with a margin of 11.59%. In the three months ending June 30, 2023, the company’s net profit was ₹20.64 crore, with revenue from operations at ₹259.41 crore, and an EBITDA of ₹36.65 crore, reflecting an EBITDA margin of 14.09%.

Grey Market Premium (GMP) Status

As per market observers, the grey market premium (GMP) for Graphisads IPO today stands at ₹0. This indicates that the shares of Graphisads are neither trading at a premium nor a discount in the grey market relative to the issue price.

VoM News Desk

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