Graphisads Lists on NSE, Opens at Premium

By By Rediff Money Desk, MUMBAI
Dec 13, 2023 17:37
Graphisads Ltd, an advertising and communication solutions provider, listed on the NSE Emerge Platform at a premium over its IPO price. The company raised over Rs 53 crore through the IPO, which will be used to repay borrowings, meet working capital needs, and expand its market presence.
Mumbai, Dec 13 (PTI) Graphisads Ltd, a leading player in the integrated advertising and communication solutions, on Wednesday listed on the NSE Emerge Platform after a successful intial public offering (IPO) earlier this month.

The stock opened at Rs 111.50, a slight premium over the IPO price of Rs 111, and rose to a high of Rs 112 before paring gains to close at Rs 105.95, according to stock exchange data.

Incorporated in 1987, Graphisads is an integrated marketing, advertising, and communications agency providing 360-degree solutions to its wide array of clients. It provides advertising services on the work orders received by the government sector, private sector and other public sector entities.

Through the IPO, which closed on December 5, the firm raised over Rs 53 crore through issue of 48.12 lakh fresh equity shares of face value Rs 10 each. The shares were listed on the SME platform of the National Stock Exchange (NSE).

The firm, which had posted a net profit of Rs 5.57 crore on a revenue of Rs 99.05 crore in the 2022-23 fiscal, will use the IPO proceeds to repay certain borrowings, meet working capital requirement and general corporate expenses, according to the offer document.

It's main source of revenue is outdoor advertising (OOH), events-exhibitions and media advertising.

"The funds raised through the IPO will be utilized to enhance Graphisads' capabilities, invest in cutting-edge technologies, and further expand its market presence along with reducing existing debt," a company statement said.

Ashish Chauhan MD & CEO, NSE, singer Anup Jalota, Femina Miss India Runner up Manya Singh, Graphhisads CMD Mukesh Gupta and director Alok Gupta were present at the opening bell.
Read More On:
graphisadsnseipoadvertisingcommunication solutionsstock marketemerge platformintegrated marketingoutdoor advertisingevents-exhibitionsmedia advertisingashish chauhananup jalotamanya singhmukesh guptaalok gupta
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.

You May Like To Read

MORE NEWS

CCI Clears Coal...
CCI Clears Coal India in E-Auction Scheme Case

India's competition watchdog CCI dismissed a complaint against Coal India's e-auction...

HDFC Bank Loan...
HDFC Bank Loan Growth Rises 3% in Q3

HDFC Bank reports a 3% increase in loan growth in the December quarter, reaching Rs...

IDBI Bank Reports 18% Loan Growth in Q3

IDBI Bank saw an 18% increase in loan growth during the December quarter, reaching Rs...

Adani Wilmar Q3 Sales Up 6% & Revenue 33%:...

Adani Wilmar reported a 6% rise in sales volumes and a 33% increase in revenue in Q3,...

Sebi Drops Case Against Karvy Capital in AIF...

Sebi has dropped a show cause notice against Karvy Capital and its officials for...

Nipha Group Invests Rs 180 Crore in Expansion

Nipha Group, an Indian engineering firm, announces a Rs 180 crore expansion plan over...

Bullion Rates Today: Gold, Silver Prices in...

Check the latest bullion rates in Bengaluru for gold and silver. Get the current prices...

Air India Transformation: Tata Sons Committed...

Tata Sons Chairman N Chandrasekaran outlines plans to transform Air India into a...

Plywood, MDF Industry Embraces Quality Control...

India's plywood and MDF board industry has embraced mandatory quality control norms...

RBI Holds Financial Literacy Program for...

RBI's Bhubaneswar branch organized a financial literacy program for visually challenged...

Read More »

Sectoral Indices Market Indicators Listed Companies Gainers Losers Mutual Funds Portfolio Watchlist
© 2025 Rediff.com