Creative Graphics Solutions IPO Subscribed 201.86 times

Creative Graphics Solutions India IPO is book-built issue of ₹54.40 crores. IPO consists of entirely fresh shares, totalling 64 lakhs. 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 Capital ventures Pvt Ltd is book running lead manager of Creative Graphics Solutions India IPO, while Big Share Services Pvt Ltd is registrar for issue. market maker for Creative Graphics Solutions India IPO is Ss Corporate Securities.

Creative Graphics IPO Subscription Status

Creative Graphics Solutions India IPO subscribed 201.86x. Public issue subscribed 144.63x in retail category, 98.79x in QIB, & 472.85x in NII category by April 4, 2024 5:10:00 PM.

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.

Creative Graphics IPO Allocation Quota for Various Categories

Data Source: NSE

Creative Graphics Solutions India IPO is offering total of 6,400,000 equity shares to public. Among these, 2,128,000 shares are allocated to retail investors, 1,216,000 shares to qualified institutional buyers (QIBs), & 912,000 shares to non-institutional investors (NIIs).

IPO also includes allocation of 1,824,000 shares to anchor investors, representing 28.5% of total shares offered. These anchor investors include prominent entities like Bofa Securities Europe S - ODI, FINAVENUE CAPITAL TRUST FINAVENUE GROWTH FUND, & others. Anchor investor allocation amounts to ₹155,040,000, with each share priced at ₹85. This Indicates strong interest from institutional investors in IPO, bolstering confidence in offering.

Overall, IPO seems to have garnered significant attention from various investor categories, suggesting optimism about prospects of Creative Graphics Solutions India among market participants.

Creative Graphics Solutions India IPO Subscription Details

Daily subscription status of IPO reveals significant increase in demand as subscription period progressed:

- Day 1 (Mar 28, 2024): subscription was relatively low across all categories, with retail investors showing highest subscription at 1.72 times.

- Day 2 (Apr 1, 2024): Subscriptions saw notable rise, particularly from non-institutional buyers (NIIs) & retail investors, Indicating growing interest in IPO.

- Day 3 (Apr 2, 2024): Subscription levels surged further, with NIIs & retail investors showing substantial interest, contributing to overall increase in subscription.

- Day 4 (Apr 3, 2024): subscription trend continued to escalate significantly, with all categories witnessing substantial rise in demand, especially from NIIs & retail investors.

- Day 5 (Apr 4, 2024): final day saw overwhelming subscription, particularly from qualified institutional buyers (QIBs), NIIs, & retail investors, resulting in overall subscription of 201.86 times.

Overall, daily subscription data Indicates progressive increase in investor interest throughout IPO subscription period, culminating in exceptionally high subscription level by closing day, reflecting strong market demand for IPO.