Maagh Advertising And Marketing Services Ltd IPO Detail
Incorporated in 2013, Maagh Advertising And Marketing Services Limited is an advertising agency primary offering creative and media services. The company offers a complete range of designing, media and printing services.
The company services include the following:
Media Services: Print, Outdoor, Radio, Social Media, Media Planning, Buying and implementation
Creative Services: Concept Development, Print advertisements, Radio Spots, Outdoor advertisements, Online advertisements, Logo Design and Packaging Design.
Social Media Advertising: Creative web designing, SEO Services and Campaigns.
Other Services: Public Relation Campaigns and Product Launch campaigns.
The company also rely heavily on third parties like material suppliers, designers, media providers and other service providers to help us meet the contractual obligations and provide services as required by the client.
Competitive Strengths :
- Meeting expectation of clients
- Social media and digital advertising
Company Promoters
Miniboss Consultancy Private Limited and Azharuddin R. Mulla are the Promoters of the Company.IPO Details
| IPO Opening Date | Sep 26, 2022 |
| IPO Closing Date | Sep 29, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹60 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹9.12 Cr |
| Fresh Issue | 1,520,000 shares of ₹10 (aggregating up to ₹9.12 Cr) |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.00x | 0.04x | 0.02x | |
| Day 2 | - | - | 0.05x | 0.12x | 0.09x | |
| Day 3 | - | - | 0.22x | 0.17x | 0.20x | |
| Day 4 | - | - | 0.22x | 0.29x | 0.26x | |
| Day 5 | - | - | 0.22x | 0.29x | 0.26x | |
| Day 6 | - | - | 0.24x | 0.30x | 0.27x | |
| Day 7 | - | - | 2.05x | 0.31x | 1.18x |
IPO Tentative Timetable
The Maagh Advertising And Marketing Services Ltd IPO open date is Sep 26, 2022, and the close date is Sep 29, 2022. The issue may list on Oct 10, 2022.
| IPO Open Date | Sep 26, 2022 |
| IPO Close Date | Sep 29, 2022 |
| Basis of Allotment Date | Oct 04, 2022 |
| Initiation of Refunds | Oct 06, 2022 |
| Credit of Shares to Demat Account | Oct 07, 2022 |
| IPO Listing Date | Oct 10, 2022 |
IPO Lot Size
The Maagh Advertising And Marketing Services Ltd IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹120000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹120000 |
| Maximum | 1 | 2000 | ₹120000 |
IPO Promoter Holding
| Pre Issue Share Holding | 99.95% |
| Post Issue Share Holding | 53.63% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 1340.96 | 5261 | 82.37 |
| 31-Mar-21 | 1154.84 | 2455.42 | 75.97 |
| 31-Mar-22 | 1076.3 | 1387.17 | 42.11 |
Objects of the Issue:
The objects of the Net Proceeds (as defined below) of the Issue are:
1. Purchase of Software
2. Purchase of Media Inventory
3. General Corporate Purposes
Maagh Advertising And Marketing Services Ltd IPO Registrar:
Satellite Corporate Services Private Limited
Maagh Advertising And Marketing Services Ltd IPO Lead Manager(s):
Inventure Merchant Banker Services Pvt Ltd
Company Contact Information:
Maagh Advertising And Marketing Services Ltd
302, 3rd Floor, Kuber Complex, Opp. Laxmi Industrial Estate, New Link Road, Andheri West
Mumbai
Mumbai
