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Maagh Advertising IPO is a fixed price issue of Rs 9.12 crores. The issue is entirely a fresh issue of 15.2 lakh shares.
Maagh Advertising IPO bidding started from September 26, 2022 and ended on October 4, 2022. The allotment for Maagh Advertising IPO was finalized on Monday, October 10, 2022. The shares got listed on BSE SME on October 13, 2022.
Maagh Advertising IPO price is ₹60 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹240,000.
Inventure Merchant Banker Services Pvt Ltd is the book running lead manager of the Maagh Advertising IPO, while Satellite Corporate Services Private Limited is the registrar for the issue.
Refer to Maagh Advertising IPO RHP for detailed information.
| IPO Date | September 26, 2022 to October 4, 2022 |
| Listing Date | October 13, 2022 |
| Face Value | ₹10 per share |
| Price | ₹60 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 1,520,000 shares (aggregating up to ₹9.12 Cr) |
| Fresh Issue | 1,520,000 shares (aggregating up to ₹9.12 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 1,760,000 |
| Share holding post issue | 3,280,000 |
| Market Maker portion | 76,000 shares |
Maagh Advertising IPO offers 1,520,000 shares. 722,000 (47.50%) to NII, 722,000 (47.50%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 76,000 (5.00%) |
| Other Shares Offered | 722,000 (47.50%) |
| Retail Shares Offered | 722,000 (47.50%) |
| Total Shares Offered | 1,520,000 (100%) |
Maagh Advertising IPO opens on September 26, 2022, and closes on October 4, 2022.
| IPO Open Date | Monday, September 26, 2022 |
| IPO Close Date | Tuesday, October 4, 2022 |
| Basis of Allotment | Monday, October 10, 2022 |
| Initiation of Refunds | Tuesday, October 11, 2022 |
| Credit of Shares to Demat | Wednesday, October 12, 2022 |
| Listing Date | Thursday, October 13, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 4, 2022 |
Investors can bid for a minimum of 2000 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 | 2000 | ₹120,000 |
| Retail (Max) | 1 | 2000 | ₹120,000 |
| HNI (Min) | 2 | 4,000 | ₹240,000 |
| Lot Size Calculator | |||
Miniboss Consultancy Private Limited and Azharuddin R. Mulla are the Promoters of the Company.
| Share Holding Pre Issue | 99.95% |
| Share Holding Post Issue | 53.63% |
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 :
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-19 | 1071.9 | 2989.6 | 53.33 | 234.23 | 233.23 |
| 31-Mar-20 | 1340.96 | 5261 | 82.37 | 301.46 | 300.46 |
| 31-Mar-21 | 1154.84 | 2455.42 | 75.97 | 372.8 | 371.8 |
| 31-Mar-22 | 1270.2 | 2179.9 | 55.38 | 425.38 | 249.38 |
| Amount in ₹ Lakhs | |||||
The market capitalization of Maagh Advertising IPO is Rs 19.68 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 37.5 |
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
[Dilip Davda] MAMSL is operating in a highly competitive segment with third-party service providers. It has posted a declining top line with pressure on margins. Post IPO low promoter’s holding and small equity base are major concerns. Based on FY22 earnings, the issue is aggressively priced. There is no harm in skipping this pricy issue. Read detail review...
The Maagh Advertising IPO is subscribed 1.18 times on October 4, 2022 6:57:00 PM. The public issue subscribed 0.31 times in the retail category, times in the QIB category, and 2.05 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 2.05 |
| Retail | 0.31 |
| Total | 1.18 |
| Listing Date | October 13, 2022 |
| BSE Script Code | 543624 |
| NSE Symbol | |
| ISIN | INE0KY201013 |
| Final Issue Price | ₹60 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹60.00 |
| ₹62.30 |
| ₹62.30 |
| ₹65.40 |
| ₹65.40 |
Maagh Advertising And Marketing Services Ltd
302, 3rd Floor, Kuber Complex,
Opp. Laxmi Industrial Estate, New Link Road,
Andheri West, Mumbai – 400053
Phone: +91 22 4603 3045
Email: info@maaghadvertising.in
Website: https://maaghadvertising.in/
Satellite Corporate Services Private Limited
Phone: +91-22- 28520461/462
Email: service@satellitecorporate.com
Website: https://www.satellitecorporate.com/ipo-query.php
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Maagh Advertising IPO is a SME IPO of 1,520,000 equity shares of the face value of ₹10 aggregating up to ₹9.12 Crores. The issue is priced at ₹60 per share. The minimum order quantity is 2000 Shares.
The IPO opens on September 26, 2022, and closes on October 4, 2022.
Satellite Corporate Services Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Maagh Advertising IPO using UPI as a payment gateway. Zerodha customers can apply in Maagh Advertising IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Maagh Advertising IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Maagh Advertising IPO opens on September 26, 2022 and closes on October 4, 2022.
Maagh Advertising IPO lot size is 2000 Shares, and the minimum amount required is ₹120,000.
You can apply in Maagh 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 Maagh Advertising IPO will be done on Monday, October 10, 2022, and the allotted shares will be credited to your demat account by Wednesday, October 12, 2022. Check the Maagh Advertising IPO allotment status.
Dilip Davda
SEBI registered Research Analyst
Mumbai
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maine dekha,,management khud samne se bola 37% ofs is big but hum price reasonable price leke aaye hain,,,,
🥰 ee ka reasonable hain...........