Creative Graphics Solutions India IPO is a book built issue of Rs 54.40 crores. The issue is entirely a fresh issue of 64 lakh shares.
Creative Graphics Solutions India IPO opens for subscription on March 28, 2024 and closes on April 4, 2024. The allotment for the Creative Graphics Solutions India IPO is expected to be finalized on Friday, April 5, 2024. Creative Graphics Solutions India IPO will list on NSE SME with tentative listing date fixed as Tuesday, April 9, 2024.
Creative Graphics Solutions India IPO price band is set at ₹80 to ₹85 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹136,000. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹272,000.
Corporate Capitalventures Pvt Ltd is the book running lead manager of the Creative Graphics Solutions India IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Creative Graphics Solutions India IPO is Ss Corporate Securities.
Refer to Creative Graphics Solutions India IPO RHP for detailed information.
Creative Graphics Solutions India IPO Details
| IPO Date | March 28, 2024 to April 4, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹80 to ₹85 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 6,400,000 shares (aggregating up to ₹54.40 Cr) |
| Fresh Issue | 6,400,000 shares (aggregating up to ₹54.40 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 17,886,000 |
| Share holding post issue | 24,286,000 |
| Market Maker portion | 320,000 shares Ss Corporate Securities |
Creative Graphics Solutions India IPO Anchor Investors Details
Creative Graphics Solutions India IPO raises Rs 15.50 crore from anchor investors. Creative Graphics Solutions India IPO Anchor bid date is March 27, 2024.
| Bid Date | March 27, 2024 |
| Shares Offered | 1,824,000 |
| Anchor Portion Size (In Cr.) | 15.50 |
| Anchor lock-in period end date for 50% shares (30 Days) | May 5, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | July 4, 2024 |
Creative Graphics Solutions India IPO Timeline (Tentative Schedule)
Creative Graphics Solutions India IPO opens on March 28, 2024, and closes on April 4, 2024.
| IPO Open Date | Thursday, March 28, 2024 |
| IPO Close Date | Thursday, April 4, 2024 |
| Basis of Allotment | Friday, April 5, 2024 |
| Initiation of Refunds | Monday, April 8, 2024 |
| Credit of Shares to Demat | Monday, April 8, 2024 |
| Listing Date | Tuesday, April 9, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 4, 2024 |
Creative Graphics Solutions India IPO Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹136,000 |
| Retail (Max) | 1 | 1600 | ₹136,000 |
| HNI (Min) | 2 | 3,200 | ₹272,000 |
| Lot Size Calculator | |||
Creative Graphics Solutions India IPO Promoter Holding
Mr. Deepanshu Goel and Mrs. Sarika Goel are the company promoters.
| Share Holding Pre Issue | 92.10% |
| Share Holding Post Issue | 67.83% |
About Creative Graphics Solutions India Limited
Creative Graphics Solutions India Limited was founded in 2014 and manufactures flexographic printing plates. The company was previously known as Tanushii Industries Private Limited.
The company manufactures Digital Flexo Plates, Conventional Flexo Printing Plates, Letter Press Plates, Metal Back Plates, and Coating Plates. The company also has two wholly owned subsidiaries: Creative Graphics Premedia Private Limited and Wahren India Private Limited.
Creative Graphics Premedia Pvt Ltd offers premedia services such as design customization and print production. Its clients include ITC, TATA Consumers, MARS, Cavin Kare, Haldiram, Dabur India, KRBL, Himalaya, Hamdard Laboratories etc.
Wahren India Pvt Ltd offers packaging solutions for the pharmaceutical industry such as Alu-Alu Foil, Blister Foil, Tropical Alu-Alu Foil, CR Foil, and Pharmaceutical Sachet.
Creative Graphics Solutions India has 7 manufacturing facilities in Noida, Uttar Pradesh, Vasai, Mumbai, Chennai, Bmaddi Himachal Pradesh, Hyderabad, Ahmedabad and Pune.
The company’s customers come from all over India and from countries such as Africa, Thailand, Qatar, Kuwait and Nepal.
As of March 2024, the company has over 400 employees.
Creative Graphics Solutions India Limited Financial Information (Restated Consolidated)
Creative Graphics Solutions India Limited’s revenue increased by 33.63% and profit after tax (PAT) rose by 85.82% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 10,031.29 | 6,600.07 | 4,497.40 | 3,471.15 |
| Revenue | 4,845.69 | 9,178.34 | 6,868.33 | 4,804.34 |
| Profit After Tax | 724.07 | 864.15 | 465.05 | 227.97 |
| Net Worth | 2,550.90 | 1,872.75 | 1,008.60 | 543.55 |
| Reserves and Surplus | 2,400.91 | 1,797.75 | 933.60 | 468.55 |
| Total Borrowing | 4,499.90 | 2,290.52 | 950.57 | 894.64 |
| Amount in ₹ Lakhs | ||||
Key Performance Indicator
The market capitalization of Creative Graphics Solutions India IPO is Rs 206.43 Cr.
KPI as of September 30, 2023.
| KPI | Values |
|---|---|
| ROE | 28.38% |
| ROCE | 24.99% |
| Debt/Equity | 1.76 |
| RoNW | 28.38% |
| P/BV | 0.5 |
| PAT Margin (%) | 15.06 |
Check Creative Graphics Solutions India IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.83 | 5.96 |
| P/E (x) | 17.59 | 14.25 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2023 that is available in RHP.
Objects of the Issue (Creative Graphics Solutions India IPO Objectives)
The company intends to utilize the Net Fresh Issue Proceeds for the following Objects:
- To meet the working capital requirements of the company;
- Repayment/prepayment, in part or full, of certain borrowings;
- To meet the capital expenditure of the company;
- To meet out inorganic growth through unidentified acquisitions for company; and
- General Corporate Expenses.
Creative Graphics Solutions India IPO Review (Apply)
[Dilip Davda] The company enjoys virtual monopoly in pre-press flexo process. It marked growth in its top and bottom lines for the reported periods. Based on FY24 annualized super earnings, the issue appears fully priced. Considering rising preference for flexo process pre-press work, this company is poised for bright prospects ahead. Investors may park funds for the medium to long term rewards. Read detail review…
ative Graphics Solutions India Limited Contact Details
Creative Graphics Solutions India Limited
3F-305, Third Floor, SSG East Plaza,
Plot No. 1&2, Mamram Complex, Mayur Vihar Phase-3,
Near SFS Flats, Pocket C, Delhi – 110096
Phone: +91 74284 96617
Email: cs@creativegraphics.net.in
Website: https://creativegraphics.net.in/home/
Creative Graphics Solutions India IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html