Graphisads Ltd Share Price – NSE

Media - Print/Television/Radio, Small Cap

The scrip was listed at Rs 111.50, a premium of 0.45% over the initial public offer (IPO) price.

The counter hit a high of Rs 112 and a low of Rs 105.95. About 6.14 lakh shares of the company changed hands at the counter.

Graphisads IPO was subscribed 6.63 times. The issue opened for bidding on Thursday (30 November 2023) and closed on Tuesday, (5 December 2023). The price of the IPO is fixed at Rs 111 per share. The minimum order quantity is 1,200 equity shares. The equity shares are proposed to be listed on the SME Platform of National Stock Exchange of India (NSE EMERGE).

The IPO comprises fresh issue of 48,12,000 shares. The promoter and promoter shareholding will dilute to 73.66% from 99.99% Pre-IPO.

The company intends to utilize the net proceeds for repayment of certain borrowings, to meet the working capital requirements, general corporate expenses and issue expenses.

Graphisads is integrated marketing, advertising and communications agency, providing 360 degree solutions to its wide array of clients. The company provides advertising services on the work orders received by Government sector, Private sector and Public sector entities. It also provide high end ecosystem and end to end ad-tech communication solutions platform for advertising media services consisting of brand strategy, communication strategy, creative services, media planning, media buying & media release services which covers advertisement modes such as newspapers, magazines, radio and TV, events & exhibitions, digital media, brochures printing, and display of outdoor hoardings, digital screens and street furniture. As on 30 June 2023, the company has employed 92 employees on the payroll.

The company recorded revenue from operations of Rs 25.94 crore and net profit of Rs 2.06 crore for the period as on 30 June 2023.

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