Upcoming IPO: Packaging Player Creative Graphics To Launch Rs 54.4 Crore Offer On March 28, Price Bands Set

India's leading packaging ecosystem player, Creative Graphics Solutions India Limited, is gearing up for its IPO launch on Thursday, March 28, 2024. With a price band of Rs. 80-85 per share, the IPO comprises a fresh issue of 64,00,000 equity shares with a face value of Rs. 10 each.

The company aims to raise approximately Rs. 54.4 crore from the offering to meet various financial objectives, including working capital requirements, debt repayment, capital expenditure, and inorganic growth. Corporate Capital Ventures and Bigshare Services Private Limited are the book-running lead managers and registrars for the issue, respectively.

"We're raising Rs. 55 crore through the IPO. Out of this, Rs. 15 crore will be allocated for working capital, Rs. 35 crore for debt repayment, and Rs. 5 crore for unidentified acquisitions" company said in statement.

Financial Performance:

During the first half of the current fiscal year, ending September 30, 2023, Creative Graphics recorded a revenue of Rs. 48.07 crore and a profit (PAT) of Rs. 7.24 crore. In FY2022-23, the company achieved a revenue of Rs. 90.14 crore and a profit (PAT) of Rs. 8.64 crore, showcasing steady growth and stability in its operations.

"We're a key player in India's flexographic printing plate industry, serving over 1000 companies. With eight packaging plants, including one in Kolkata through partnership, we're exclusively B2B, catering to 4000+ clients. Globally, we hold 9-10% market share, experiencing 9% growth in flexo printing," said in a statement Deependra Goel, Founder of Creative Graphics.

"Creative Graphics operates three verticals: CG Premedia, Wahren, and Nyloplate Creative Engravers. Engaging directly with major brands like TATA Salt, HUL, Dabur, and others through CG Premedia, we offer print facilities. Wahren specialises in foil packaging for pharmaceutical companies, while our German technology 3D printing machines ensure compliance with government standards," added Goyal.

"At Creative Graphics, we receive designs from big corporations, which undergo meticulous colour stages and engineering. We ensure quality and tailor designs to customer needs, splitting them into different colors. With orders from countries like Africa, Zambia, Kenya, Tanzania, and the Middle East, we provide a continuous supply of flexo packaging. Since our establishment in 2014, we've remained profitable and experienced ongoing growth," Goyal said.

About Creative Graphics Solutions India Limited:

Specialising in manufacturing flexographic printing plates, Creative Graphics offers a diverse range of products, including digital flexo plates, conventional flexo printing plates, letter press plates, metal back plates, and coating plates. With a strong presence in India, Thailand, Qatar, Kuwait, Nepal, and Africa, the company operates seven manufacturing facilities across different states. Founded by first-generation entrepreneur Deepanshu Goel in 2014, Creative Graphics has expanded its business through wholly owned subsidiaries, CG Premedia Private Limited and Wahren India Private Limited, catering to end-to-end premedia services and supplying high-quality packaging solutions for the pharmaceutical industry, respectively.