After an eight-year-long wait, Drupa was the trade show to watch out for, and the Indian industry did not disappoint. The PrintWeek duo of Noel D’Cuhna and Rahul Kumar report the deals every day for the past eleven days. We bring you the highlights of the important deals in this special Sunday Column
Creative Graphics Solutions IPO. A high GMP and massive subscription numbers had indicated Creative Graphics IPO wold make a stellar debut today on NSE SME.
Creative Graphics Solutions has announced the filing of its Draft Red Herring Prospectus (DRHP) with NSE Emerge. The issue comprises a fresh issuance of 64,00,000 equity shares with a face value of Rs 10 per equity share, of which 3,20,000 equity shares are reserved for market maker subscriptions. The remaining 60,80,000 equity shares are the net issue to the public category, of which not less than 35% will go to retail individual investors, not less than 15% to non-institutional investors, and not less than 50% to eligible institutional buyers, including 5% of this total to mutual funds.
Noida-based Creative Graphics Solutions has announced plans to go public to fund its Capex plan and set sights on expanding its revenues by four times to Rs 350-crore by FY2025.