Crayons Advertising IPO: share price band of Rs 62-65 set
SUBSCRIBE
JOBS
Custom Image
Go Back
1 year ago 06:00:32am Television

Crayons Advertising IPO: share price band of Rs 62-65 set

New Delhi, 18-May-2023, By IBW Team

Crayons Advertising IPO: share price band of Rs 62-65 set

Homegrown advertising agency Crayons Advertising yesterday  said it has fixed a price band of Rs 62-65 per share for its initial share sale offering, which will open for public subscription on May 22.

The issue will conclude on May 25 and shares of the company will be listed on NSE Emerge, the company said in a statement.

The company would offer 64.30 lakh equity shares of face value Rs 10 each through the book-building process. At the upper price band of the issue, the advertising firm will raise Rs 41.79 crore, a PTI report stated.

Proceeds of the issue will be utilised for capital expenditure on infrastructure and cutting-edge technology.

Of the total 64.30 lakhs equity share offered, 30.52 lakh shares have been reserved for qualified institutional buyers (QIBs), 9.18 lakh shares for High Net-worth Individuals (HNIs) and 21.38 shares will be provided to the public.

Founded in 1986, Crayons Advertising provides an end-to-end ad-tech communication solutions platform for advertising media services consisting of brand strategy, events, digital media, print media, and outdoor media services.

For the nine months ended December 2022, Crayons Advertising earned a total revenue of Rs 203.75 crore and a net profit of Rs 12.67 crore. Corporate Capital Venture is the lead manager, and Skyline Financial Service is the registrar to the issue.


Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts

Our Events

  • img
    SatCab Symposium

    SatCab symposium organized by Aavishkar Media Group is an annual event. It's a well-informed event where we have a panel discussion on the current affairs and future forecasting on our industry.

  • img
    BCS
    Ratna Awards

    BCS Ratna Award organized by Aavishkar Media Group is an annual event. In this award function, a community of our industry is honored by receiving the award for the contribution of their work.

  • img
    Chetna Yatra

    Chetna Yatra organized by Aavishkar Media Group is an annual event. Held by Dr. AK Rastogi, Chairman of Aavishkar Media Group. Pilgrimage India in his car for connecting the people of our industry.

  • img
    Imaan India Sammaan

    Imaan India Samman is an event mobilized by Aavishkar Media Group, which was launched in 2012. Giving the award to the NGOs for giving their contribution to society.

Youtube Videos