In a remarkable debut on the NSE SME platform, Creative Graphics Solutions commenced trading at Rs 175, marking a substantial 106% premium over its issue price of Rs 85. The stock’s strong performance outpaced expectations, with its grey market premium already at 77.65% before listing. The IPO, valued at Rs 54.40 crore, garnered exceptional interest from investors, with a subscription rate of 201.86 times, underscoring confidence in the company’s prospects.
Established in 2014, Creative Graphics Solutions specializes in manufacturing flexographic printing plates. Formerly known as Tanushii Industries Private Limited, the company offers a diverse array of products, including digital flexo plates, conventional flexo printing plates, letterpress plates, metal back plates, and coating plates.
The issue’s price band ranged from Rs 80 to Rs 85. Utilizing the net proceeds from the fresh issue, the company aims to address various needs, including meeting working capital requirements, repaying or prepaying borrowings, funding capital expenditure, and pursuing inorganic growth through undisclosed acquisitions, among other objectives.
Corporate Capitalventures Pvt Ltd acted as the book running manager for the issue, with Bigshare Services Pvt Ltd serving as the registrar.
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