look news india
Creative Graphics Solutions India Ltd IPO: Packaging major Creative Graphics Solutions India Ltd on Friday said its IPO will open on March 28. The size of the IPO is Rs 54.4 crore. The price band of the IPO has been fixed at Rs 80-85 per share.
The company said in a statement that the IPO will close on April 4. Bidding for anchor investors will open on March 27. The company will be listed on NSE SME. It may be noted that the proceeds from the IPO will be used by the company to meet working capital requirements, repay debt, make acquisitions and for general corporate purposes.
what is the lot size
The lot size of Creative Graphics Solutions India Limited IPO is 1600 shares. Due to which an investor will have to place a bet of at least Rs 1,36,000. It is noteworthy that at present the total participation of promoters in the company is 92.10 percent. So after IPO it will reduce to 67.33 percent.
What is GMP?
The IPO of Creative Graphics Solutions India Limited is trading at a premium of Rs 40 in the gray market. If the situation remains the same till listing, then the company's shares can debut in the market at a price of Rs 120. That means investors can get a profit of up to 47 percent on the first day.