Creative Graphics Solutions shares list at 105% premium on NSE SME platform

The IPO, which was completely a fresh equity issue of 64 lakh shares, received overwhelming response from investors with an overall subscription of nearly 200 times at close.

The net proceeds from the public offer will be used for meeting working capital requirements, repayment of debt and general corporate purposes.

Creative Graphics is a pre-press company, engaged in the manufacturing of flexographic printing plates including digital flexo plates, conventional flexo printing plates, letterpress plates, metal back plates, and coating plates.

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The company is serving the customers across India as well as outside India. Beyond its core business, the company has expanded its horizons through two wholly owned subsidiaries, which are Creative Graphics Premedia and Wahren India.

CG Premedia is an end-to-end provider of premedia services, from design adaptation to print production. It collaborates and strategizes directly with various brands to provide services in artwork, prepress, mock-ups and 3D packshots.

Meanwhile, Wahren is a diversified arm of Creative Graphics group with intent to provide high-quality packaging solutions for the pharmaceutical industry. The subsidiary is primarily dedicated to production of Alu-Alu Foil, Blister Foil, Tropical Alu-Alu Foil, CR Foil, Pharmaceutical Sachet.

For the period ended September 2023, the company clocked revenues of Rs 48.4 crore and net profit of Rs 7.24 crore.

Corporate Capital Ventures acted as the lead manager to the issue and Bigshare Services was the registrar.