Creative Graphics Solutions IPO Allotment Status

Building Blocks of the Creative Graphics Solutions IPO

Creative Graphics Solutions India IPO is book-built issue of Rs 54.40 crores. IPO consists of entirely fresh shares, totaling 64 lakh. Creative Graphics Solutions India IPO commenced subscription on March 28, 2024, & concludes today, April 4, 2024. allotment for IPO is scheduled to be finalized on Friday, April 5, 2024. Following this, Creative Graphics Solutions India IPO will be listed on NSE SME, with tentative listing date set for Tuesday, April 9, 2024.

Creative Graphics Solutions India IPO offers shares within price band of ₹80 to ₹85 per share. Minimum lot size for application stands at 1600 shares, requiring minimum investment of ₹136,000 for retail investors. For HNIs, minimum lot size investment is 2 lots, equivalent to 3,200 shares, amounting to ₹272,000. Corporate Capitalventures Pvt Ltd is book running lead manager of Creative Graphics Solutions Indiaa IPO, while Bigshare Services Pvt Ltd is registrar for issue. market maker for Creative Graphics Solutions India IPO is Ss Corporate Securities.

How to check allotment status of Creative Graphics Solutions Ltd IPO?

Since this is an NSE SME IPO, there is no facility to check on the exchange website and BSE only offers allotment status for the mainboard IPOs and for BSE SME IPOs. If you have applied for the IPO, you can check your allotment status only on the website of the IPO registrar, Bigshare Services Pvt Ltd. Alternatively, if your broker provides you a link to access the allotment status, you can do the same. Here are the steps that you need to follow to check allotment status on the website of the IPO registrar, Bigshare Services Pvt Ltd. The same can typically checked once the basis of allotment is finalized in this case, which will be late on April 5, 2024.

Checking the allotment status on Bigshare Services Pvt Ltd (Registrar to IPO)

Visit the Bigshare Services Pvt Ltd registrar website for checking the IPO allotment status by clicking on the link below:

https://ipo.bigshareonline.com/IPO_Status.html

There are three things to remember. Firstly, you can just click on the hyper link given above and directly go to the allotment checking page. The second option, in case you are not able to click on the link, is to copy the link and paste in your web browser. Thirdly, there also a way to access this page via the home page of Bigshare Services Pvt ltd by clicking on the IPO Allotment Status link displayed prominently on the home page. It all works the same.

Once you go to the main allotment status page of Bigshare Services Pvt Ltd the investors have 2 options. They can either query for the IPO allotment status based on the Application Number or on the basis of a combination of DP ID and Client ID. Here is how you can go about both these options.

•    To Query by Application Number, click on the “Search on Application No.” hyperlink. This will take you to a fresh page with a box provided to input the application number. Here is what needs to be done.

o    Enter the Application Number as it is
o    Enter the 6-digit Captcha Code
o    Click on Submit button
o    Allotment Status gets displayed on screen showing number of shares allotted

•    To Query by DP-ID, click on the “Search on DP-id/Client id” hyperlink. This will take you to a fresh page with 2 boxes provided to input the DP ID and the Client ID in that order. Here is what needs to be done.

o    Enter the DP-ID
o    Enter the Client-ID
o    Enter the 6-digit Captcha Code
o    Click on Submit button
o    Allotment Status gets displayed on screen showing number of shares allotted

Bigshare Services Pvt Ltd offers you the facility to toggle between the two search options of application number and DP id, without going back to the main page. It is a good idea to take  a screenshot of the final output for your records and also for reconciliation with the demat account on the demat allotment date.

There are some basic rules to remember here. The basis of allotment is being finalized on April 5, 2024, so the investors would be able to access the online allotment status facility, either late on April 5, 2024 or by the middle of April 5, 2024. Once you get the online output, you can save a screenshot of the same, so that the same can be later reconciled with the demat credit on April 8, 2024 or later. It would appear on the demat account with ISIN Number.

How allocation quota and subscription impact basis of allotment?

Here is a quick look at how the allocation was made across different categories of investors in the IPO of Creative Graphics Solutions ltd at the closed of the IPO on April 4, 2024.

Data Source: NSE

Subscription data for Creative Graphics Solutions India IPO reflects overwhelming demand across all investor categories. Anchor investors & market makers fully subscribed to their allotted shares, while qualified institutional buyers (QIBs) & non-institutional buyers (NIIs) showed remarkable interest, subscribing nearly 98.79 times & 472.85 times, respectively. Retail investors also exhibited strong enthusiasm, subscribing approximately 144.63 times. 
Overall, IPO garnered total subscription of about 201.86 times, indicating robust market appetite & suggesting promising prospects for company's listing & future performance.

Here is final subscription status of Creative Graphics Solutions India Ltd IPO as at closed on April 4, 2024.

To sum it up, the oversubscription is quite above modesty, so the chances of allotment in the IPO would be relatively higher. This applies to the retail portion and also to the HNI / NII portion; as the subscription is very modest in both the categories.

Next steps in the IPO of Creative Graphics Solutions India Ltd

With the IPO of Creative Graphics Solutions India Ltd closed for subscription at the end of April 4, 2024, the next piece of action shifts to the finalization of the basis of allotment and later to the listing of the IPO. The basis of allotment will be finalized on April 5, 2024 while the refunds would be initiated on April 8, 2024. The shares of Trust Fintech would be credited to the demat accounts of eligible shareholders by the close of April 8, 2024 while the stock of Creative Graphics Solutions Ltd is expected to be listed on April 9, 2024. The listing will happen on the NSE SME segment for small companies, which is distinct from the regular mainboard IPO space.

Investors would do well to remember that the level of subscription is very material as it determines the chances of getting allotment. Normally, higher the subscription ratio, lower the chances of allotment and vice versa. In this case, the subscription levels have been very modest in the IPO; both in the Retail segment and also in the HNI / NII segment. Investors in the IPO need to assess their chances of allotment accordingly. The final status will be known once the basis of allotment is finalized and uploaded for you to check. You can apply the above allotment checking process flow after the basis of allotment is finalized.