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.