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Crayons Advertising IPO subscribed 4.63 times on Day 1

by Koushik Gope
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Crayons Advertising Limited, a leading advertising agency in India, has successfully completed its initial public offering (IPO). The IPO was fully subscribed on Day 1, with retail investors bidding for 4.63 times the shares reserved for them.

The IPO was open for subscription from May 22 to May 25, 2023. The company offered a total of 6,500,000 equity shares at a price band of Rs 62-65 per share. The IPO was subscribed 4.63 times, with retail investors bidding for 8.81 times the shares reserved for them.

Subscription Status

CategorySubscription (times)
QIB0.01
NII1.98
Retail8.81
Total4.63

The company plans to use the proceeds from the IPO to fund its working capital requirements, to meet capital expenditure requirements, and to invest in cutting-edge technology for expansion.

The successful completion of the IPO is a positive sign for the Indian advertising industry. It shows that investors are bullish on the future of the industry and that they are willing to invest in companies that are well-positioned to grow.

Crayons Advertising IPO Details

IPO DateMay 22, 2023 to May 25, 2023
Listing DateFriday, 2 June 2023
Face Value₹10 per share
Price₹62 to ₹65 per share
Lot Size2000 Shares
Total Issue Size6,430,000 shares
(aggregating up to ₹41.80 Cr)
Fresh Issue6,430,000 shares
(aggregating up to ₹[.] Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Share holding pre issue18,000,000
Share holding post issue24,430,000

Company Financials

Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-2013,218.0316,367.65116.573,549.643,324.641,528.16
31-Mar-2110,664.7710,661.2212.973,562.613,337.611,532.86
31-Mar-2212,725.4719,404.97161.343,723.953,498.95960.57
31-Dec-2212,993.1620,374.521,267.084,991.033,191.03815.62
Amount in ₹ Lakhs

Key Performance Indicator

KPIValues
P/E9.39
Market Cap (₹ Cr.)158.8
ROE (%)0.29
ROCE (%)0.32
Debt/Equity0.16
EPS (Rs)0.9
RoNW (%)4.33

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