The highly anticipated Crayons Advertising IPO is set to open on May 22, marking a significant milestone for the company. With the price band set at Rs 62-65 per share, investors are closely watching this offering. Crayons Advertising, a prominent player in the advertising industry, is looking to raise substantial capital through this IPO to fuel its growth and expand its operations.
Introduction to Crayons Advertising’s Initial Share Sale Offering:
Crayons Advertising, a prominent homegrown advertising agency, has announced its initial share sale offering, scheduled to open for public subscription on May 22. This article provides an in-depth overview of the offering, including the price band, duration, and allocation of shares.
Key Details of the Crayons Advertising IPO:
Price Band: The price band for the shares of Crayons Advertising is set at Rs 62-65 per share.
Opening and Closing Dates: The offering will commence on May 22 and conclude on May 25.
Listing Exchange: The shares will be listed on NSE Emerge.
Crayons Advertising: An Overview
Crayons Advertising, founded in 1986, is an end-to-end ad-tech communication solutions provider. The agency offers a comprehensive range of advertising media services, including brand strategy, events, digital media, print media, and outdoor media services.
Financial Performance of Crayons Advertising:
In the nine months ended December 2022, Crayons Advertising recorded a total revenue of Rs 203.75 crore, highlighting its strong market presence. The company also achieved a net profit of Rs 12.67 crore during the same period, indicating its financial stability and growth potential.
Utilization of Proceeds from the Share Sale Offering:
The proceeds generated from the share sale offering will be primarily utilized for capital expenditure on infrastructure and cutting-edge technology. This investment will enable Crayons Advertising to enhance its service offerings, strengthen its market position, and drive innovation in the advertising industry.
Lead Manager and Registrar to the Issue:
Corporate Capital Venture has been appointed as the lead manager for the share sale offering of Crayons Advertising. Skyline Financial Service will serve as the Registrar to the issue, handling the administrative aspects related to the offering.
About Crayons Advertising:
In the year 2000, Crayons Advertising Limited came into existence. The company specializes in creating and strategically distributing advertisements across various platforms such as periodicals, newspapers, radio, television, and other media channels.
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