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:
- Funding of the working capital requirements of the company;
- Capital expenditure on infrastructure and cutting-edge technology for expansion;
- General Corporate Expenses
Financial Highlights (Restated Standalone)
| Particulars | The period ended on 31st Dec. 2022 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Net Worth | 4,991 | 3,724 | 3,563 | 3,550 |
| Total Assets | 12,993 | 12,725 | 10,665 | 13,218 |
| Total Borrowings | 816 | 961 | 1,533 | 1,528 |
| Total Revenue | 20,375 | 19,405 | 10,661 | 16,368 |
| Profit After Tax | 1,267 | 161 | 13 | 117 |
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 Type | Book built issue IPO |
| IPO Price | ₹ 62 to ₹ 65 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 2,000 Shares |
| Issue Size | 6,430,000 shares (aggregating up to ₹ 41.80 crores) |
| Fresh Issue | 6,430,000 shares (aggregating up to ₹ [.] crores) |
| QIB Shares Offered | Not more than 50% of the net issue |
| NII (HNI) Shares Offered | Not less than 15% of the net issue |
| Retail Shares Offered | Not less than 35.00% of the net issue |
| Market Maker | SS Corporate Securities |
| Market maker portion | 322,000 shares |
| Listing At | NSE SME |
| Company Promoters | Mr 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 Date | May 22, 2023 |
| Closing Date | May 25, 2023 |
| Basis of Allotment | May 30, 2023 |
| Initiation of Refunds | May 31, 2023 |
| A credit of shares to Demat A/c | June 1, 2023 |
| Listing Date | June 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.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 2,000 | ₹ 130,000 |
| Retail (Maximum) | 1 | 2,000 | ₹ 130,000 |
| HNI (Minimum) | 2 | 4,000 | ₹ 260,000 |
Promoters Holdings
| Pre-issue Shares Holdings | 99.75% |
| Post-issue Shares Holdings | 73.50% |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP IPO RHP |
| Company Contact Information | Crayons 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 Registrar | Skyline 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
When will Crayons Advertising IPO allotment be available?
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.
When will Crayons Advertising IPO list on exchanges?
The Crayons Advertising IPO shares listing date is June 2, 2023.
How many Crayons Advertising IPO Offer shares are reserved for HNIs and retail investors?
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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