Creative Graphics IPO opens on 28 March

The company intends to raise approximately Rs 54.4-crore (at upper band) from the offering and aims to be listed with NSE Emerge. The price band for the issue has been fixed at Rs 80-85 per share, and the lot size will be 1,600 equity shares.

Corporate Capital Ventures is the Book Running Lead Manager, and Bigshare Services is the Registrar for the issue Private Limited is the Registrar to the issue. Corporate Capital Ventures completed a string of successful SME IPOs in recent months, including Alpex Solar, Esconet Technologies, Rockingdeals, Accent Microcell, Oriana Power, Droneacharya and Crayons Advertising, among others.

Creative Graphics is a product of the MSMEx SME IPO Cohort programme, mentored by Amit Kumar, founder & CEO at MSMEx.

The Noida-based company’s IPO will comprise a fresh issue of 64,00,000 equity shares with a face value of Rs 10 through the book-building route. As many as 3.2 lakh equity shares have been reserved for market maker, 9.12 lakh equity shares allocated for NIIs, 30.4 lakh equity shares for QIBs (including 18.24 lakh equity shares as Anchor investor portion), and the Retail (RII) portion accounts for 21.28 lakh equity shares.

According to the RHP document, the company intends to utilise net proceeds from the IPO to meet the working capital requirements of the company, repay/prepay, in part or full of certain of the company’s borrowings, meet the capital expenditure of the company, fund inorganic growth through unidentified acquisition for the company, and general corporate expenses.

Founded by Deepanshu Goel, a first-generation entrepreneur and incorporated in 2014, Creative Graphics has expanded its business through its wholly-owned subsidiaries, Creative Graphics Premedia (CG Premedia) and Wahren India. While CG Premedia offers end-to-end pre-media services, from design adaptation to print production, Wahren India supplies high-quality packaging solutions for the pharmaceutical industry. 

The company clocked revenue of Rs 48.07-crore and earned a profit (PAT) of Rs 7.24-crore during the first half of the current fiscal year, which ended 30 September 2023. It registered revenue of Rs 90.14-crore and a profit (PAT) of Rs 8.64-crore in FY2022-23.

IPO details 

No of shares (FV Rs 10 each): 64,00,000 equity shares

Price band: Rs 80-85

Issue size (at upper band): Rs 54.4-crore

Issue type: Fresh Issue

Issue opens on: 28 March 2024

Issue closes on: 4 April 2024

Anchor opening date: 27 March 2024

Reservation for Market Maker: 3,20,000 equity shares

Reservation for NIIs: 9,12,000 equity shares

Reservation for QIBs: 30,40,000 equity shares (including 18,24,000 equity shares as anchor investor portion)

Reservation for retail: 21,28,000 equity shares

Lot Size: 1,600 equity shares