ENA MSME 2024-04-09 16:40:18 <p><span style="font-size:14px"><strong>New Delhi, Apr 9 (KNN)</strong> Creative Graphics Solutions, a specialised flexographic printing plates manufacturer, made a strong debut on the NSE SME platform today.</span></p> <p><span style="font-size:14px">The company's shares listed at Rs 175, a whopping 106 per cent premium over the issue price of Rs 85.</span></p> <p><span style="font-size:14px">The robust listing gain exceeded expectations, as the stock was trading at a premium of only 77.65 per cent in the grey market before the official listing.</span></p> <p><span style="font-size:14px">Creative Graphics Solutions' Rs 54.40 crore initial public offering (IPO) received an overwhelming response from investors, with the issue being subscribed 201.86 times.</span></p> <p><span style="font-size:14px">Established in 2014, Creative Graphics Solutions specialises in the production of various types of flexographic printing plates, including digital flexo plates, conventional flexo printing plates, letterpress plates, metal back plates, and coating plates. The company was formerly known as Tanushii Industries Private Limited.</span></p> <p><span style="font-size:14px">The IPO was priced in the band of Rs 80-85 per share. Creative Graphics Solutions plans to utilise the net proceeds from the fresh issue for working capital requirements, repayment or prepayment of borrowings, capital expenditure, and pursuing inorganic growth through potential acquisitions.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 37356 https://knnindia.co.in/news/newsdetails/msme/creative-graphics-solutions-debut-on-nse-sme-platform-with-106-premium 2024-04-09 16:40:18 knnindia.co.in