DAPS Advertising was incorporated on April 29, 1999. The company is engaged in the business of providing advertising agency services offering 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.
| Bidding Dates |
|---|
| 31 Oct 2022 - 03 Nov 2022 |
| Subscription |
|---|
| 65.85x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,20,000 | 1 | 1 | 4000 | 1.7 M | ₹30 | 67.15 % | ₹51.0 M | RHP DOC |
DAPS Advertising IPO SUBSCRIPTION STATUS
03 Nov '22DAPS Advertising IPO overall subscription rate was 65.85 times the total available shares
DAPS Advertising IPO retail subscription rate was 48.47 times in the retail segment
DAPS Advertising IPO non-institutional investor subscription rate was 83.24 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
03 Nov 2022 (Day 4) | 48.47x | 83.24x | - |
01 Nov 2022 (Day 2) | 4.91x | 2.17x | - |
02 Nov 2022 (Day 3) | 11.55x | 3.95x | - |
31 Oct 2022 (Day 1) | 1.56x | 0.4x | - |
DAPS Advertising FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| Q2FY23 | 8.8 | 145.8 | 11.4 | 8.7 |
| FY22 | 10.9 | 186.8 | 8.3 | 6.7 |
| FY21 | 1.0 | 78.6 | 13.0 | 12.7 |
| FY20 | 3.9 | 202.3 | 2.0 | 1.0 |
DAPS Advertising IPO SUBSCRIPTION STATUS DETAILS
DAPS Advertising had 1.7 M shares on offer
DAPS Advertising IPO offer price was ₹30
DAPS Advertising IPO minimum Investment was ₹120000
DAPS Advertising IPO issue size was ₹ 51.0 M
DAPS Advertising had a minimum lot size of 4000 Shares per application
DAPS Advertising NUMBER OF SHARES ON OFFER
DAPS Advertising IPO IMPORTANT DATES
| Issue Open Date | 31 Oct 2022 |
| Issue close Date | 03 Nov 2022 |
| Allotment Date | 09 Nov 2022 |
| Refund Date | 10 Nov 2022 |
| Demat Account Credit Date | 11 Nov 2022 |
| Listing Date | 14 Nov 2022 |
| Listing on Exchange(s) | BSE |
| DAPS Advertising Allotment Status | Exchange |
DAPS Advertising IPO subscription opened on 31 Oct 2022, and closed on 03 Nov 2022
IPO allotment for DAPS Advertising was finalized on Wednesday, 09 Nov 2022
IPO listing for DAPS Advertising was on BSE on Monday, 14 Nov 2022
DAPS Advertising IPO LISTING GAINS
| Issue Price (adjusted) | 30.0 |
| Listing Open Price | 57.0 |
| Listing Close Price | 55.1 |
| Listing Gain% | 90.0% |
| Current Gain% | -18.5% |
DAPS Advertising Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DAPS Advertising Ltd. | 24.5 | 12.7 | 9.3 | 0.7 | 0.6 | 7.5 | 5.6 | 22.7 | 16 | 1.4 | 14.2 | 2.6 | 14.2 |
| Media Matrix Worldwide Ltd. | 14.9 | 1691.2 | 288.8 | 4.3 | 1.3 | 8.7 | 2.4 | 1261.5 | -33.3 | 5.9 | 67.4 | 0.1 | 67.4 |
| Signpost India Ltd. | 267.6 | 1430.1 | 19.4 | 0.2 | 2.4 | 24.4 | 10.2 | 580.9 | 26.7 | 70.1 | 107.3 | 13.8 | 94.1 |
| Bright Outdoor Media Ltd. | 360 | 785.6 | 32.7 | 13 | 10.9 | 155.4 | 21.4 | 24 | 26.1 | 11 | |||
| Praveg Ltd. | 276.6 | 722.9 | -62.7 | 0.4 | 3 | -2.6 | -1.6 | 242.4 | 39 | -11.5 | -175.2 | -4.4 | -171.9 |
| R K Swamy Ltd. | 103.3 | 521.6 | 23.6 | 1.3 | 1.5 | 8.4 | 5.2 | 351.7 | 14.9 | 22.1 | 18.5 | 4.4 | 18.5 |
DAPS Advertising INFORMATION ON IPO ISSUE
About DAPS Advertising
DAPS Advertising was incorporated on April 29, 1999. The company is engaged in the business of providing advertising agency services offering 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.
Object of the Issue
- Funding working capital requirements
- General corporate purposes
DAPS Advertising - PROMOTERS
| Name |
|---|
| Akhilesh Chaturvedi |
| Dharmesh Chaturvedi |
| Paresh Chaturvedi |
DAPS Advertising Lead Manager of the Issue
Sherni Shares Private Limited
shrenishares@gmail.com
DAPS Advertising Registrar to the Issue
Bigshare Services Private Limited
ipo@bigshareonline.com
DAPS Advertising Strengths
Accreditation with Indian Newspaper Society
In the print media advertising industry, the INS plays a key role in providing assistance to publication members in regard to monitoring the recovery of their dues from advertising agencies, and the company is accredited with INS
Experienced promoters
The promoters have been involved in the advertising business in India for more than 20 years in the industry
Customer satisfaction
The company maintains mutually beneficial relationships with customers by assisting them in choosing the optimal advertisement channel in accordance with their budget and regional preference, designing advertisements, negotiating and booking ad space with chosen media agencies, and ensuring the publication of requisite advertisement
Repeat customers
The company endeavours to maintain the quality of our services, and follow strict procedures to ensure control quality, timely delivery, and competitive prices which then leads to repeat customers
DAPS Advertising Risks
Certain legal proceedings
The company is involved in certain legal proceedings which are pending at different levels of adjudication before various courts, tribunals, inquiry officers, and appellate authorities
Dependent on newspaper industry
The company derives a significant portion of revenue from print media advertisement business, which is dependent on the newspaper industry, and any event negatively affecting the newspaper industry could have a material adverse effect on business, results of operations, financial condition, and prospects
Charge over properties
The lenders have charge over movable and immovable properties in respect of finance availed by the company
IPO FAQs
The promoters of the company are Akhilesh Chaturvedi, Dharmesh Chaturvedi and Paresh Chaturvedi.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 30.0 - 30.0.
The IPO application opens on Oct 31, 2022 and closes on Nov 03, 2022.
The minimum lot size for the IPO is 4000. The maximum lot size for the IPO is 4000.
For all category investors, the minimum application amount for this IPO is Rs. 120,000.0, the maximum value for this IPO is Rs 120,000.0.
This IPO will be allotted on Nov 09, 2022.
The refund will be credited to your account on Nov 10, 2022.
The allotted shares will be credited to your demat on Nov 11, 2022.
DAPS Advertising Ltd.’s shares listed on the stock exchanges on Nov 14, 2022.