Creative Graphics Solutions India IPO Closes Today: Check Subscription Status, GMP Today

Inventive Graphics Options India IPO: The initial public offering of Inventive Graphics Options India Ltd, which goes to be closed on April 4, has obtained a whopping response from buyers. Until 2:46 pm on the ultimate day of bidding on Thursday, the Rs 54.40-crore SME IPO obtained an amazing 113.72 occasions subscription, garnering bids for 48,40,08,000 shares towards 42,56,000 shares on provide.

The class for non-institutional buyers acquired subscribed 206.59 occasions whereas the portion for Retail Particular person Buyers (RIIs) attracted 107.93 occasions subscriptions. The quota for Certified Institutional Consumers (QIBs) acquired subscribed 54.22 occasions.

The Inventive Graphics Options India IPO was opened on March 28. Its share allotment will happen on April 5, whereas the shares can be listed on NSE SME on April 9.

Inventive Graphics Options India IPO GMP At present

In keeping with market observers, unlisted shares of Inventive Graphics Options India Ltd are buying and selling Rs 40 larger within the gray market as in contrast with its problem worth of Rs 85. The Rs 40 gray market premium or GMP means the gray market is anticipating a 47.06 per cent itemizing acquire from the general public problem. The GMP is predicated on market sentiments and retains altering.

‘Gray market premium’ signifies buyers’ readiness to pay greater than the difficulty worth.

Inventive Graphics Options India IPO Particulars

The Inventive Graphics Options India IPO is completely a contemporary problem of 64 lakh shares. The IPO will shut on April 4, 2024, and the share allotment is predicted to be finalised on Friday, April 5, 2024.

The Inventive Graphics Options India IPO will checklist on NSE SME with tentative itemizing date mounted as Tuesday, April 9, 2024.

Its worth band has been mounted at Rs 80 to Rs 85 per share. The minimal lot dimension for an software is 1,600 shares. The minimal quantity of funding required by retail buyers is Rs 1,36,000. The minimal lot dimension funding for HNI is 2 tons (3,200 shares) amounting to Rs 2,72,000.

Company Capitalventures Pvt Ltd is the book-running lead supervisor of the Inventive Graphics Options India IPO, whereas Bigshare Companies Pvt Ltd is the registrar for the difficulty. The market maker for Inventive Graphics Options India IPO is Ss Company Securities.

Inventive Graphics Options India Restricted was based in 2014 and manufactures flexographic printing plates. The corporate was beforehand often known as Tanushii Industries Personal Restricted. The corporate manufactures Digital Flexo Plates, Typical Flexo Printing Plates, Letter Press Plates, Metallic Again Plates, and Coating Plates. The corporate additionally has two wholly owned subsidiaries: Inventive Graphics Premedia Personal Restricted and Wahren India Personal Restricted.

Its income jumped 33.63 per cent and revenue after tax (PAT) rose 85.82 per cent between the monetary yr ending with March 31, 2023 and March 31, 2022.