Incorporated in 1999, Daps Advertising Limited is engaged in the business of providing advertising agency services. The company offers a range of advertising media services consisting of print media, electronic media and outdoor media services which cover advertisement modes such as newspapers, brochures, magazines, television channels, FM channels and display of outdoor hoardings etc.
The company’s customers include corporate clients operating in various business fields viz. construction, education, electronics, automobiles, FMCG, jewellery, apparel, insurance, housing, hospital, financial service providers, aviation, Government organizations etc.
For the period ended September 30, 2022, and for the financial year ended March 31, 2022, 2021 and 2020, the company’s revenue from operations was Rs 1458.33 lakhs, Rs 1868.31 lakhs, Rs 785.58 lakhs and Rs 2022.70 lakhs, respectively.
Competitive Strength:
- Accreditation with Indian Newspaper Society (INS).
- Experience of our Promoters and senior management team.
- Customer Satisfaction.
- Repeat Customers.
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 1327.75 | 2037.32 | 39.48 | 715.36 | 367.87 | 183.42 |
| 31-Mar-21 | 1193.58 | 803.57 | 9.77 | 725.13 | 377.64 | 123.35 |
| 31-Mar-22 | 1370.59 | 1877 | 109.19 | 834.32 | 486.83 | 41.29 |
| 30-Sep-22 | 1728.85 | 1466.09 | 87.62 | 921.95 | 574.46 | 218.46 |
| Amount in ₹ Lakhs |
Objects of the Issue
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
1. Funding working capital requirements.
2. General corporate purposes.
DAPS Advertising IPO Details
| IPO Date | Oct 31, 2022 to Nov 3, 2022 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹30 per share |
| Lot Size | 4000 Shares |
| Issue Size | 1,700,000 shares of ₹10 (aggregating up to ₹5.10 Cr) |
| Fresh Issue | 1,700,000 shares of ₹10 (aggregating up to ₹5.10 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| NII (HNI) Shares Offered | 50% of the net offer |
| Retail Shares Offered | 50% of the net offer |
| Company Promoters | Akhilesh Chaturvedi, Dharmesh Chaturvedi and Paresh Chaturvedi are the company promoters. |
DAPS Advertising IPO Tentative Timetable
DAPS Advertising IPO opens on Oct 31, 2022, and closes on Nov 3, 2022. The DAPS Advertising IPO bid date is from Oct 31, 2022 10.00 A.M. to Nov 3, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Tentative Date |
|---|---|
| Opening Date | Oct 31, 2022 |
| Closing Date | Nov 3, 2022 |
| Basis of Allotment | Nov 9, 2022 |
| Initiation of Refunds | Nov 10, 2022 |
| Credit of Shares to Demat | Nov 11, 2022 |
| Listing Date | Nov 14, 2022 |
DAPS Advertising IPO Lot Size
The DAPS Advertising IPO lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹120,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹120,000 |
| Retail (Max) | 1 | 4000 | ₹120,000 |
DAPS Advertising IPO Promoter Holding
| Pre Issue Share Holding | 96.66% |
| Post Issue Share Holding | 64.91% |
DAPS Advertising IPO Review
DAPS is in a highly competitive and fragmented segment. Though the issue appears lucratively priced based on its recent super financial performance, higher spending for IPO marketing raises concern. Small equity post-IPO also indicates a longer gestation for migration to the main board. Well-informed risk seekers may consider parking funds for the medium to long term. Read detail review…
DAPS Advertising IPO Subscription Status (Bidding Detail)
The DAPS Advertising IPO is subscribed 65.93 times on Nov 3, 2022 6:58:00 PM. The public issue subscribed 48.63 times in the retail category, times in the QIB category, and 83.24 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 83.24 |
| Retail | 48.63 |
| Total | 65.93 |
DAPS Advertising IPO Prospectus
Company Contact Information
DAPS Advertising Limited
128, Clyde House,
Office No. 9- B, The Mall,
Kanpur, Uttar Pradesh – 208 001
Phone: +918115076766
Email: investor@dapsadvertising.com
Website: http://www.dapsadvertising.com/
DAPS Advertising IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com