Graphisads IPO to open on November 30; check price band, GMP, other key details of SME IPO
₹53.41 crore from the maiden public offer which is entirely a fresh issue of 48.12 lakh shares. Graphisads IPO price band is ₹111 per share.
The IPO lot size is 1,200 shares and the minimum investment amount required by retail investors is ₹133,200. The company intends to utilize the fresh IPO proceeds towards repayment of certain borrowings, meeting working capital requirements and general corporate expenses.
Also Read: Fedbank Financial Services IPO allotment finalised today: GMP, here's how to check Fedfina allotment status Graphisads IPO allotment is expected to be finalized on December 8, while the shares of the company will list on NSE SME with a tentative listing date fixed on December 13, 2023. First Overseas Capital Ltd is the book running lead manager of the Graphisads IPO, while Kfin Technologies is the IPO registrar.
Graphisads Ltd is an integrated marketing, advertising and communications agency, providing 360 degree solutions to its wide array of clients. The company provides advertising services on the work orders received by Government sector, Private sector and Public sector entities.
It offers high-end ecosystem and end-to-end ad-tech communication solutions platform for advertising media services consisting of Brand Strategy, Communication Strategy, Creative Services, Media Planning, Media Buying & Media Release services, as per the company’s Red-Herring Prospectus (RHP). (Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) These services cover advertisement modes such as Newspapers, Magazines, Radio and TV, Events & Exhibitions, Digital Media, Brochures Printing, and display of Outdoor Hoardings, Digital
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