DAPS Advertising Limited IPO Detail
Incorporated in 1999, Daps Advertising Limited is engaged in the business of providing advertising agency services. The company offers a range of advertising media services consisting of print media, electronic media and outdoor media services which cover advertisement modes such as newspapers, brochures, magazines, television channels, FM channels and display of outdoor hoardings etc.
The company's customers include corporate clients operating in various business fields viz. construction, education, electronics, automobiles, FMCG, jewellery, apparel, insurance, housing, hospital, financial service providers, aviation, Government organizations etc.
For the period ended September 30, 2022, and for the financial year ended March 31, 2022, 2021 and 2020, the company's revenue from operations was Rs 1458.33 lakhs, Rs 1868.31 lakhs, Rs 785.58 lakhs and Rs 2022.70 lakhs, respectively.
Competitive Strength:
- Accreditation with Indian Newspaper Society (INS).
- Experience of our Promoters and senior management team.
- Customer Satisfaction.
- Repeat Customers.
Company Promoters
Akhilesh Chaturvedi, Dharmesh Chaturvedi and Paresh Chaturvedi are the company promoters.IPO Details
| IPO Opening Date | Oct 31, 2022 |
| IPO Closing Date | Nov 03, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹30 per equity share |
| Market Lot | 4000 Shares |
| Min Order Quantity | 4000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹5.10 Cr |
| Fresh Issue | 1,700,000 shares of ₹10 (aggregating up to ₹5.10 Cr) |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 2.17x | 4.91x | 3.54x | |
| Day 2 | - | - | 3.95x | 11.55x | 7.75x | |
| Day 3 | - | - | 83.24x | 48.63x | 65.93x |
IPO Tentative Timetable
The DAPS Advertising Limited IPO open date is Oct 31, 2022, and the close date is Nov 03, 2022. The issue may list on Nov 14, 2022.
| IPO Open Date | Oct 31, 2022 |
| IPO Close Date | Nov 03, 2022 |
| Basis of Allotment Date | Nov 09, 2022 |
| Initiation of Refunds | Nov 10, 2022 |
| Credit of Shares to Demat Account | Nov 11, 2022 |
| IPO Listing Date | Nov 14, 2022 |
IPO Lot Size
The DAPS Advertising Limited IPO market lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹120000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 4000 | ₹120000 |
| Maximum | 1 | 4000 | ₹120000 |
IPO Promoter Holding
| Pre Issue Share Holding | 96.66% |
| Post Issue Share Holding | 64.91% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 1193.58 | 803.57 | 9.77 |
| 31-Mar-22 | 1370.59 | 1877 | 109.19 |
| 30-Sep-22 | 1728.85 | 1466.09 | 87.62 |
Objects of the Issue:
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
1. Funding working capital requirements.
2. General corporate purposes.
DAPS Advertising Limited IPO Registrar:
Bigshare Services Pvt Ltd
DAPS Advertising Limited IPO Lead Manager(s):
SHRENI SHARES PRIVATE LIMITED (Past IPO Performance)
Company Contact Information:
DAPS Advertising Limited
128, Clyde House, Office No. 9- B, The Mall
Kanpur
Uttar Pradesh
