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DAPS Advertising IPO is a fixed price issue of Rs 5.10 crores. The issue is entirely a fresh issue of 17 lakh shares.
DAPS Advertising IPO bidding started from October 31, 2022 and ended on November 3, 2022. The allotment for DAPS Advertising IPO was finalized on Wednesday, November 9, 2022. The shares got listed on BSE SME on November 14, 2022.
DAPS Advertising IPO price is ₹30 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (8,000 shares) amounting to ₹240,000.
Shreni Shares Limited is the book running lead manager of the DAPS Advertising IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to DAPS Advertising IPO RHP for detailed information.
| IPO Date | October 31, 2022 to November 3, 2022 |
| Listing Date | November 14, 2022 |
| Face Value | ₹10 per share |
| Price | ₹30 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 1,700,000 shares (aggregating up to ₹5.10 Cr) |
| Fresh Issue | 1,700,000 shares (aggregating up to ₹5.10 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 3,474,900 |
| Share holding post issue | 5,174,900 |
| Market Maker portion | 92,000 shares |
DAPS Advertising IPO offers 1,700,000 shares. 804,000 (47.29%) to NII, 804,000 (47.29%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 92,000 (5.41%) |
| Other Shares Offered | 804,000 (47.29%) |
| Retail Shares Offered | 804,000 (47.29%) |
| Total Shares Offered | 1,700,000 (100%) |
DAPS Advertising IPO opens on October 31, 2022, and closes on November 3, 2022.
| IPO Open Date | Monday, October 31, 2022 |
| IPO Close Date | Thursday, November 3, 2022 |
| Basis of Allotment | Wednesday, November 9, 2022 |
| Initiation of Refunds | Thursday, November 10, 2022 |
| Credit of Shares to Demat | Friday, November 11, 2022 |
| Listing Date | Monday, November 14, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 3, 2022 |
Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹120,000 |
| Retail (Max) | 1 | 4000 | ₹120,000 |
| HNI (Min) | 2 | 8,000 | ₹240,000 |
| Lot Size Calculator | |||
Akhilesh Chaturvedi, Dharmesh Chaturvedi and Paresh Chaturvedi are the company promoters.
| Share Holding Pre Issue | 96.66% |
| Share Holding Post Issue | 64.91% |
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:
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 1327.75 | 2037.32 | 39.48 | 715.36 | 367.87 | 183.42 |
| 31-Mar-21 | 1193.58 | 803.57 | 9.77 | 725.13 | 377.64 | 123.35 |
| 31-Mar-22 | 1370.59 | 1877 | 109.19 | 834.32 | 486.83 | 41.29 |
| 30-Sep-22 | 1728.85 | 1466.09 | 87.62 | 921.95 | 574.46 | 218.46 |
| Amount in ₹ Lakhs | ||||||
The market capitalization of DAPS Advertising IPO is Rs 15.53 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 8.82 |
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.
[Dilip Davda] DAPS is in a highly competitive and fragmented segment. Though the issue appears lucratively priced based on its recent super financial performance, higher spending for IPO marketing raises concern. Small equity post-IPO also indicates a longer gestation for migration to the main board. Well-informed risk seekers may consider parking funds for the medium to long term. Read detail review...
The DAPS Advertising IPO is subscribed 65.93 times on November 3, 2022 6:58:00 PM. The public issue subscribed 48.63 times in the retail category, times in the QIB category, and 83.24 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 83.24 |
| Retail | 48.63 |
| Total | 65.93 |
| Listing Date | November 14, 2022 |
| BSE Script Code | 543651 |
| NSE Symbol | |
| ISIN | INE975Z01012 |
| Final Issue Price | ₹30 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹30.00 |
| ₹57.00 |
| ₹54.15 |
| ₹59.85 |
| ₹55.10 |
DAPS Advertising Limited
128, Clyde House,
Office No. 9- B, The Mall,
Kanpur, Uttar Pradesh – 208 001
Phone: +918115076766
Email: investor@dapsadvertising.com
Website: http://www.dapsadvertising.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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DAPS Advertising IPO is a SME IPO of 1,700,000 equity shares of the face value of ₹10 aggregating up to ₹5.10 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000 Shares.
The IPO opens on October 31, 2022, and closes on November 3, 2022.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in DAPS Advertising IPO using UPI as a payment gateway. Zerodha customers can apply in DAPS Advertising IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in DAPS Advertising IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The DAPS Advertising IPO opens on October 31, 2022 and closes on November 3, 2022.
DAPS Advertising IPO lot size is 4000 Shares, and the minimum amount required is ₹120,000.
You can apply in DAPS Advertising IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for DAPS Advertising IPO will be done on Wednesday, November 9, 2022, and the allotted shares will be credited to your demat account by Friday, November 11, 2022. Check the DAPS Advertising IPO allotment status.
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