Creative Graphics Solutions IPO: A bullish trend is being seen in the domestic equity market. Investors are taking great interest in IPO. IPOs of many companies have received excellent response from investors. Meanwhile, Creative Graphics Solutions India Limited, a company based in Noida, Uttar Pradesh, has announced to launch an IPO in the market. The IPO of the company related to the packaging sector will open for bidding by retail investors on March 28. However, a day before that on March 27, the company will give anchor investors a chance to bid. The company is trying to collect Rs 54.4 crore from the market. Applications for this can be made till April 4. The company is going to be listed on the NSE-SME platform.
What are the details of IPO?
Creative Graphics Solutions India Limited was established in the year 2014. This company is known as Tanushi Industries Private Limited. The company manufactures digital flexo plates, traditional flexo printing plates, letter press plates, metal back plates and coating plates. The company’s two subsidiaries are Creative Graphics Premedia Private Limited and Vereen India Private Limited. 64 lakh shares are being brought into the market by the company through IPO. The proceeds from the IPO will be used to meet the company’s working capital requirements, repay loans, acquisitions and general corporate expenses.
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What is the price band?
In the IPO of the Noida-based company, the price range has been fixed at Rs 80-85 per share.
How much will have to be invested
Retail investors have to apply for at least one lot. One lot contains 1600 shares. According to this, they will have to invest at least Rs 1,36,000 lakh.
Who are the company’s customers?
The company has a huge customer base in the market. This includes ITC, TATA Consumers, MARS, Cavin Kare, Haldiram, Dabur India, KRBL, Himalaya, Hamdard Laboratories etc.