A company named Creative Graphics Solutions India Limited is offering shares to the public for the first time.
This starts on March 28 and ends on April 4. The cost of each share is between Rs 80 to Rs 85. The company aims to raise Rs 54.4 crore from this.
They will use this money for different things like paying off loans and other business needs.
The number of shares you have to buy at once is called a lot. For this company, the lot size is 1600 shares. So, if you want to buy shares, you need at least Rs 1,36,000.
Before the shares are available to everyone, some special investors can buy them first. This is called the anchor investors.
After this, the shares will be listed on the NSE SME stock exchange.
The promoters, who are the main owners of the company, currently own 92.10% of the shares. But after the IPO, this will reduce to 67.83%.
GMP stands for Grey Market Premium. It means the shares are being sold at a higher price unofficially before they are listed on the stock market.
In this case, the GMP is Rs 40, which means the shares may start trading at Rs 120. This could give investors a profit of up to 47% on the first day.
