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Crayons Advertising IPO GMP, Price, Dates & Allotment Details 2023

Crayons Advertising IPO GMP, Price, Dates & Allotment Details 2023

Introduction

The Crayons Advertising IPO will open on May 22 and close on May 25, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 41.80 crores through this public offering, consisting of 64.30 lakhs shares with a face value of ₹ 10 each, which will be issued at a price of ₹ 62 to ₹ 65 per share.

Crayons Advertising Limited (“the Company”)

The company was incorporated in 1986. Crayons Advertising Limited is an integrated marketing and communications agency, providing 360-degree solutions to its wide array of clients.The company has been in the same industry for the past 36 years and is continuously expanding its business horizons with the moving trends across the world, reflecting its growing expertise in the marketing and advertising industries.

Crayons Advertising Limited provides a high-end ecosystem and end-to-end ad-tech communication solutions platforms for advertising media services consisting of brand strategy, events, digital media, print media, and outdoor (OOH) media services that cover advertisement modes such as newspapers, brochures, magazines, television channels, FM channels, and the display of outdoor advertising, etc.

Objects of the Issue,

The company proposes utilising the Fresh Issue’s net proceeds towards funding the following objects:

  1. Funding of the working capital requirements of the company;
  2. Capital expenditure on infrastructure and cutting-edge technology for expansion;
  3. General Corporate Expenses

Financial Highlights (Restated Standalone)

ParticularsThe period ended on 31st Dec. 2022FY 2021-22FY 2020-21FY 2019-20
Net Worth4,9913,7243,5633,550
Total Assets12,99312,72510,66513,218
Total Borrowings8169611,5331,528
Total Revenue20,37519,40510,66116,368
Profit After Tax1,26716113117
(Amount in ₹ Lakhs)

IPO details

As per the DRHP filed with SEBI, 64.30 lakh shares will be offered as part of the fresh issue on the NSE SME segment. The face value of the shares is ₹ 10. The market maker would receive 322,000 shares of the offering. While Corporate Capital Ventures Pvt. Ltd. will be the lead manager for the IPO, Skyline Financial Services Private Ltd. will be the registrar. It will be a book-built issue, so there will be a price band rather than a price point, and the actual issue price will be discovered by building the book.

Issue TypeBook built issue IPO
IPO Price₹ 62 to ₹ 65 per share
Face Value₹ 10 per share
Market Lot2,000 Shares
Issue Size6,430,000 shares (aggregating up to ₹ 41.80 crores)
Fresh Issue6,430,000 shares (aggregating up to ₹ [.] crores)
QIB Shares OfferedNot more than 50% of the net issue
NII (HNI) Shares OfferedNot less than 15% of the net issue
Retail Shares OfferedNot less than 35.00% of the net issue
Market MakerSS Corporate Securities
Market maker portion322,000 shares
Listing AtNSE SME
Company PromotersMr Kunal Lalani, Mrs Vimi Lalani, and
M/s Vimi Investments and Finance Private Limited

GMP: Crayons Advertising IPO

GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilise after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.

Tentative Dates: Crayons Advertising IPO

The issue opens for subscription on May 22, 2023, and closes for subscription on May 25, 2023 (both days inclusive). The basis of allotment will be finalised on May 30th, 2023, and the refunds will be initiated on May 31, 2023. In addition, the demat credits are expected to happen on June 1, 2023, and the stock will list on June 2, 2023, on the NSE SME. The UPI mandate confirmation cut-off time is 5:00 PM on the issue closing day.

Opening DateMay 22, 2023
Closing DateMay 25, 2023
Basis of AllotmentMay 30, 2023
Initiation of RefundsMay 31, 2023
A credit of shares to Demat A/cJune 1, 2023
Listing DateJune 2, 2023

Lot Size

The lot size of the Crayons Advertising IPO is 2,000 shares. A retail-individual investor can apply for up to 1 lot, i.e. 2,000 shares of ₹ 130,000.

ApplicationsLotsSharesAmount 
Retail (Minimum)12,000₹ 130,000
Retail (Maximum)12,000₹ 130,000
HNI (Minimum)24,000₹ 260,000

Promoters Holdings 

Pre-issue Shares Holdings99.75%
Post-issue Shares Holdings73.50%

Miscellaneous Information

Download Prospectus (PDF)IPO DRHP
IPO RHP
Company Contact InformationCrayons Advertising Limited
NSIC Complex, Maa Anandmayee Marg Okhla Industrial Estate, Phase- III New Delhi 110020
Phone: +91 – 9654993221
Email: [email protected]
Website: http://www.thecrayonsnetwork.com/
IPO RegistrarSkyline Financial Services Private Ltd
Phone: 02228511022
Email: [email protected]
Website: https://www.skylinerta.com/
IPO Lead Manager(s)Corporate Capital Ventures Pvt Ltd 

FAQ’s

The finalisation of the basis of allotment for the Crayons Advertising IPO will be done on May 30, 2023, and the allotted shares will be credited to your demat account by June 1, 2023. Check the Crayons Advertising IPO allotment status.

The Crayons Advertising IPO shares listing date is June 2, 2023.

The investors’ portion for QIB is 50% of the Net Issue, NII (HNI) is 15% of the net issue, and Retail is 35%.

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