Crayons Advertising IPO Subscription Review – All You Need to Know
Introduction
Crayons Advertising Limited is a leading independent integrated communication agency in India. The company has recently announced its IPO (Initial Public Offering) and the subscription for the same is currently open. In this article, we will take a detailed look at the Crayons Advertising IPO and everything you need to know about it.
Issue Details
The Crayons Advertising IPO is an SME (Small and Medium Enterprises) IPO and the company is looking to raise Rs. 21.42 crores through this issue. The issue opened on 23rd March 2021 and will close on 25th March 2021. The price band for the IPO is Rs. 77 – Rs. 78 per equity share and the minimum lot size is 1600 shares. The company has already received a strong response from investors and the IPO was fully subscribed within hours of opening on day 1.
Subscription Status
The Crayons Advertising IPO has been fully subscribed within hours of opening on day 1. The retail portion was oversubscribed by 8.75 times and the total subscription stood at 4.28 times. As of 24th March 2021, the IPO has been subscribed 6.39 times.
Grey Market Premium (GMP)
The Grey Market Premium (GMP) for the Crayons Advertising IPO is currently around Rs. 20 – Rs. 25. However, it is important to note that GMP is a volatile indicator and can fluctuate rapidly.
Issue Allotment
The allotment for the Crayons Advertising IPO will be done on a proportionate basis. This means that if the issue is oversubscribed, the allotment will be done based on the number of shares applied for. The refund for the unallotted shares will be processed within 6 working days from the date of allotment.
FAQs
1. What is the minimum lot size for the Crayons Advertising IPO?
The minimum lot size for the Crayons Advertising IPO is 1600 shares.
2. What is the price band for the Crayons Advertising IPO?
The price band for the Crayons Advertising IPO is Rs. 77 – Rs. 78 per equity share.
3. What is the subscription status of the Crayons Advertising IPO?
The Crayons Advertising IPO was fully subscribed within hours of opening on day 1. As of 24th March 2021, the IPO has been subscribed 6.39 times.
4. What is the Grey Market Premium (GMP) for the Crayons Advertising IPO?
The Grey Market Premium (GMP) for the Crayons Advertising IPO is currently around Rs. 20 – Rs. 25.
5. How will the allotment be done for the Crayons Advertising IPO?
The allotment for the Crayons Advertising IPO will be done on a proportionate basis. This means that if the issue is oversubscribed, the allotment will be done based on the number of shares applied for.
Conclusion
The Crayons Advertising IPO has received a strong response from investors and has been fully subscribed within hours of opening on day 1. The company is looking to raise Rs. 21.42 crores through this issue and the subscription is currently open. It is important to do your research and consult with a financial advisor before investing in any IPO.
