How To Check Creative Graphics IPO Allotment Status

Creative Graphics Solutions India IPO has garnered significant attention from investors, with a subscription rate of 187.82 times on the final day of bidding, April 4. The Creative Graphics IPO allotment status is set to be finalised today, April 5.

If you applied for the IPO, here is how you can check the Creative Graphics IPO allotment status.

Checking IPO Allotment Status on Registrar's Website:

Follow these steps to check the Creative Graphics Solutions IPO allotment status

  1. Visit the registrar's website.
  2. Click on "Company Selection" and choose "Creative Graphics Solutions India" from the dropdown menu.
  3. Enter your PAN, application number, or Demat.
  4. Enter Captcha and click ‘Search' to retrieve your Creative Graphics IPO allotment status.

The Creative Graphics IPO allotment status will be visible if all the details are entered correctly and the allotment has been finalised.

Creative Graphics IPO Subscription Status

Investors bid for 85.94 crore equity shares against the IPO size of 45.76 lakh equity shares, indicating robust demand for the offering. Non-institutional investors led the subscription, oversubscribing by 473.2 times, followed by retail investors at 144.6 times, and qualified institutional buyers at 98.8 times their allotted quota.

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Creative Graphics IPO GMP

The Creative Graphics IPO GMP is currently reported at ₹30. Based on the upper end of the IPO price band, the shares are expected to list at ₹115, indicating a premium of 35% on the listing. However, it's important to note that while GMPs can provide some insight into market sentiment, they should not be considered as the sole indicator of a stock's performance upon listing.

Creative Graphics IPO Details

The Creative Graphics IPO opened on March 28, aiming to raise ₹54.4 crore at the price band of ₹80-85 per share. The IPO comprised only a fresh issue of 64 lakh equity shares.

Creative Graphics had already secured Rs 15.5 crore through an anchor book on March 27, with eight institutional investors being allotted 18.24 lakh equity shares. The company plans to utilize the proceeds from the fresh issue for various purposes, including working capital requirements, debt repayment, capital expenditure, and potential acquisitions for inorganic growth.

With its operations spanning across India, Africa, Thailand, Qatar, Kuwait, and Nepal, Creative Graphics is poised to leverage the funds raised through the IPO to support its expansion and strategic initiatives.

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Posted In: NewsIPOs