Crayons Advertising Limited, a marketing and communications agency, is all set to launch an initial public offering (IPO) from May 22nd to May 25th, 2023. The company is planning to raise a capital of Rs 41.80 crores through this issue. Equity shares of face value Rs 10 will be issued at a price of Rs 62-65 in this issue. Let’s have a close look at the further details of Crayons Advertising IPO.
Crayons Advertising Limited
Crayons Advertising Limited is an esteemed integrated marketing and communications agency founded in 1986. With over 36 years of industry experience, Crayons Advertising has continuously expanded its horizons to become a leading provider of comprehensive advertising solutions. Renowned for its full integration and independence, the agency offers an extensive range of services to clients, including exceptional brand marketing strategies, innovative online and offline media planning and buying, cutting-edge digital expertise, immersive on-ground and virtual activation capabilities, and impactful design solutions for effective brand building.
With a high-end ecosystem and an end-to-end ad-tech communication solutions platform, Crayons Advertising delivers advertising media services encompassing brand strategy, events, print media, digital media, and outdoor (OOH) media across various platforms such as newspapers, brochures, magazines, television channels, FM channels, and outdoor hoardings.
Crayons Advertising IPO Details
| Issue Type | Book Built Issue IPO |
| Issue Opens | 22nd May 2023 |
| Issue Closes | 25th May 2023 |
| Face Value | Rs 10 Per Share |
| Issue Price | Rs 62-65 Per Share |
| Issue Size | 6,430,000 shares (₹41.80 Cr) |
| Minimum Order Quantity | 2,000 Shares |
| Listing | NSE SME |
Objects of the IPO Issue
The proceeds from the Issue will be used by the Company for the following purposes:
- Funding of working capital requirements of the Company;
- Capital expenditure on infrastructure and cutting-edge technology for expansion;
- General Corporate Expenses.
Crayons Advertising Ltd — Company Contact Details
Crayons Advertising Limited, NSIC Complex, Maa Anandmayee Marg Okhla Industrial Estate, Phase- III New Delhi 110020
Phone: +91 – 9654993221
Email: cs@thecrayonsnetwork.com
Website: http://www.thecrayonsnetwork.com/
Crayons Advertising IPO – Lead Manager of the Issue
Corporate Capitalventures Pvt Ltd
Crayons Advertising IPO IPO – Registrar of the Issue
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/
Issue Prospectus
Click here to read the Prospectus of this IPO Issue.
Disclaimer: This post is just information about the issue. It does not give any advice or recommendation. Mutual Fund investments are subject to market risk. Please read the offer document carefully before investing.
