Creative Graphics Solutions IPO Garners Strong Interest: Subscription Status and Grey Market Premium Surge

Australian Premium

March 28, 2023

New Delhi, India

Creative Graphics Solutions IPO

The Creative Graphics Solutions India Ltd. IPO has sparked significant interest among investors, with subscription status reaching 45% on the first day of offering. The company, specializing in manufacturing flexographic printing plates, has garnered attention not only for its business potential but also for the enthusiastic response from investors.

Financial Performance:

Creative Graphics Solutions has demonstrated robust financial performance, with its profit after tax (PAT) soaring by 85.82% between March 31, 2022, and March 31, 2023. Additionally, the company recorded a substantial increase in sales, climbing by 33.63% during the same period, indicating strong growth prospects.

IPO Details: The IPO, valued at ₹54.40 crore, comprises a fresh issue of 64,00,000 equity shares with a face value of ₹10 each. The net proceeds from the IPO will be allocated towards various purposes, including working capital requirements, loan repayment, capital expenditures, and general corporate expenses.

Subscription Status: As of the first day of subscription, the retail portion of the IPO has been subscribed about 81%, while the overall subscription status stands at 45%. Non-institutional investors (NIIs) have shown interest, booking 20% of the allotted shares, indicating a strong investor appetite for the offering.

Grey Market Premium (GMP): The grey market premium (GMP) for the Creative Graphics Solutions IPO stands at +47, reflecting a premium of ₹47 in the grey market. This indicates investors’ willingness to pay a higher price than the issue price, suggesting positive market sentiment towards the company’s shares.

Key Investors: The IPO has attracted investments from notable investors, including BofA Securities Europe SA – ODI, QRG Investment and Holdings Limited, and others, who subscribed to the anchor book. This endorsement from institutional investors further boosts confidence in the offering.

Listing Price Estimation: Considering the upper end of the IPO price band and the current grey market premium, the estimated listing price of Creative Graphics Solutions shares is anticipated to be ₹132 apiece. This represents a significant increase of 55.29% from the IPO price, potentially offering lucrative returns for early investors.

In conclusion, the Creative Graphics Solutions IPO has generated substantial interest from investors, buoyed by its strong financial performance and positive market sentiment. With a high subscription rate and a promising grey market premium, the IPO is poised for a successful debut, offering investors an opportunity to participate in the company’s growth journey.


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