Creative Graphics Solutions IPO opened at ₹175, more than doubling its ₹85 issue price

Today marked significant milestone for Creative Graphics Solutions India IPO as it debuted on National Stock Exchange's SME platform with exceptional performance. Excitement was palpable as Creative Graphics Solutions share price opened at ₹175, representing astounding 105.88% premium over issue price of ₹85.

Creative Graphics Solutions IPO journey began with its subscription on March 28 & closes on April 4, garnering widespread attention from investors. IPO, valued at ₹54.40 crore, witnessed overwhelming response, with subscription status of 201.86 times on last day of bidding.

Creative Graphics Solutions IPO's price band was set at ₹80 to ₹85 per share, reflecting strong investor confidence in company's growth prospects. Notably, IPO allocation included 9.12 lakh shares for non-institutional investors, 3.2 lakh shares for market makers, 18.24 lakh shares for anchor investors, 30.4 lakh shares for qualified institutional buyers (QIBs), & 21.28 lakh shares for retail investors.

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Anchor investors, including prominent names such as Bofa Securities Europe S - ODI, QRG Investment & Holdings, Absolute Return Scheme, Astern Capital VCC Arven, Vikas Global Fund PCC - Eubili Capital Partners Fund I, & Acintyo Investment Fund PCC - Cell 1, showed strong interest by subscribing to 18.24 lakh equity shares at ₹85 apiece, raising ₹15.5 crore.

Prepress firm, Creative Graphics Solutions, specializes in producing printing plates for flexography, catering to clients across Africa, Thailand, Qatar, Kuwait, Nepal, & beyond. Company's IPO comprised fresh issue of 64,00,000 equity shares, with face value of ₹10 per share.

Net proceeds from IPO will be utilized to strengthen working capital reserves, service existing debts, finance capital expenditures, explore potential acquisitions, & cover operational expenses. Bigshare Services Pvt Ltd served as registrar, while Corporate Capital ventures Pvt Ltd acted as book running lead manager for IPO, with Ss Corporate Securities as market maker.

Also check the Creative Graphics Solutions IPO Subscribed 201.86 times

To Summarize

In sensational debut on NSE SME platform, Creative Graphics Solutions share price soared to ₹175, delivering remarkable listing gains to investors. As company embarks on its journey as publicly listed entity, investors await eagerly to witness its continued growth & contributions to flexography industry.