Are you thinking of investing in the Daps Advertising IPO? Here's everything you need to know about the upcoming IPO, including the date, price, review, allotment, and more.
Daps Advertising IPO Review
Daps Advertising is set to go public with its IPO on October 31, 2022. The advertising agency has fixed the price band at ₹30 per share with a market lot of 4000 shares. Daps Advertising provides services in categories such as construction, education, electronics, automobiles, FMCG, jewellery, apparel, insurance, housing, hospital and aviation among others.
The company was incorporated in 1995 and is headquartered in Mumbai. For the fiscal year ended March 31, 2021, Daps Advertising reported total income of ₹62.76 crore and net profit of ₹3.01 crore. The company's promoters hold 51% stake in the business while 49% will be up for grabs through the IPO.
Daps Advertising plans to utilise the proceeds from the IPO to repay debt and for general corporate purposes. Given the company's strong financial track record and growth potential in the advertising industry, Daps Advertising is expected to be a good listing candidate on the stock exchange.
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Daps Advertising is all set to make its IPO debut on October 31, 2020. The advertising agency will be offering shares at a price band of Rs 30 per share. The lot size for the IPO is 4,000 shares and the issue will close on November 3, 2022.
Daps Advertising provides various advertising services like print media, electronic media, and outdoor media. The company has a wide clientele base including construction, education, electronics, automobiles, FMCG, jewellery, apparel, insurance, housing, hospital, financial service providers, aviation and Government organizations.
The objective of the Daps Advertising IPO is to raise Rs 5.10 crore through fresh issue of equity shares and offer for sale by the selling shareholder. The proceeds from the fresh issue will be used towards working capital requirements and general corporate purposes.
Kotak Securities is the lead manager to the Daps Advertising IPO while Bigshare Services Pvt Ltd is the registrar to the issue.
Daps Advertising IPO Date & Price Band Details
The Daps Advertising IPO will open on October 31, 2020 and close on November 3, 2022. The price band for the IPO has been set at Rs 30 per share. The lot size for the IPO is 4,000 shares.
The objective of the Daps Advertising IPO is to raise Rs 5.10 crore through fresh issue of equity shares and offer for sale by the selling shareholder. The proceeds from the fresh issue will be used towards working capital requirements and general corporate purposes.
Daps Advertising is a BSE SME IPO and this will be the company's first public offer of equity shares. The company was incorporated in 1992 and provides advertising services to a wide range of clients in various industries.
Daps Advertising IPO Market Lot
The market lot for the Daps Advertising IPO has been set at 4,000 shares. This means that investors will have to bid for at least 4,000 shares in order to participate in the IPO. The minimum investment amount will therefore be Rs 1.2 lakh, assuming a price of Rs 30 per share.
Daps Advertising has fixed the price band for its IPO at Rs 30 per share. The lot size for the IPO is 4,000 shares. This means that investors will have to bid for at least 4,000 shares in order to participate in the IPO. The minimum investment amount will therefore be Rs 1.2 lakh, assuming a price of Rs 30 per share.
The market lot for an IPO is usually determined by the lead manager of the issue, based on various factors such as demand from institutional investors, retail interest and so on. In most cases, the market lot is kept small so as to ensure sufficient participation from retail investors.
The Daps Advertising IPO is being managed by Axis Capital Limited and ICICI Securities Limited. The company has fixed the price band at Rs 30 per share and the minimum bid lot size at 4,000 shares. Interested investors can apply for the IPO through various channels such as ASBA (Application Supported by Blocked Amount), UPI (Unified Payment Interface) or offline forms available at select banks.
Daps Advertising IPO Dates
Daps Advertising has set the IPO dates for October 31, 2020 to November 3, 2022. The advertising agency will be offering shares at a price band of Rs 30 per share, with a lot size of 4,000 shares. The issue will close on November 3, 2022.
Daps Advertising provides various advertising services, including print, electronic, and outdoor media. The company has a wide clientele base, including construction, education, electronics, automobiles, FMCG, jewellery, apparel, insurance, housing, hospital, financial service providers, aviation and government organizations.
The objective of the Daps Advertising IPO is to raise Rs 5.10 crore through fresh issue of equity shares and offer for sale by the selling shareholder. The proceeds from the fresh issue will be used towards working capital requirements and general corporate purposes.
Daps Advertising IPO Form
The Daps Advertising IPO Form will be available on the website of the lead managers, Axis Capital Limited and ICICI Securities Limited. The form can be downloaded from the website and submitted to the address mentioned therein.
The Daps Advertising IPO Form can also be obtained from the Registrar to the Issue, Bigshare Services Private Limited. The completed form, along with the required documents, can be sent to the following address:
Bigshare Services Private Limited
E-2/3, Ansa Industrial Estate, Saki Vihar Road,
Sakinaka, Mumbai - 400072
Tel: +91-22-40430200
Fax: +91-22-2847 5207
Email: ipo@bigshareonline.com
Daps Advertising Company Financial Report
Daps Advertising is an advertising agency specialized in display ads, creative ads, recruitment ads and tender ads. They provide advertising services like print media, electronic media, and outdoor media. The offer services to the clients in various categories such as construction, education, electronics, automobiles, FMCG, jewellery, apparel, insurance, housing, hospital, financial service providers, aviation, Government organizations etc.
The company was incorporated in the year 2006 and is headquartered at Mumbai. As per the latest available financial report (for FY2019), Daps Advertising had a total income of Rs. 16.78 crores and a net profit of Rs. 0.46 crore. The company has a strong presence in the Indian market with a network of over 100 branches across the country.
Daps Advertising has filed for an IPO (Initial Public Offering) with a price band of Rs. 30 per share. The IPO is scheduled to open on October 31 and will close on November 3, 2022. A total of 5 crore shares will be offered for sale through this IPO.
Daps Advertising IPO Valuation – FY2022
Daps Advertising is set to go public with an IPO on October 31, 2022. The company will be listed on the BSE SME platform and is looking to raise ₹5.10 crores through the sale of shares. The Daps Advertising IPO price band has been set at ₹30 per share, with a minimum lot size of 4000 shares.
Daps Advertising is an advertising agency that specializes in display ads, creative ads, recruitment ads and tender ads. The company offers its services to clients in various industries, including construction, education, electronics, automobiles, FMCG, jewellery, apparel, insurance, housing, hospital and financial service providers.
In FY2022, Daps Advertising reported total revenue of ₹11.54 crores. Of this amount, ₹9.48 crores was generated from ad revenues and the remaining ₹2.06 crore was generated from other income sources. The company's net profit for the year came in at ₹0.79 crore.
Based on these financials, Daps Advertising's FY2022 EPS works out to be ₹1.55 per share. At the IPO price of ₹30 per share, this gives the company a PE ratio of 19x FY2022 earnings.
Looking at comparable companies in the advertising industry, it appears that Daps Advertising is priced at a slight discount to its peers. For example, IndusInd Media & Communications Ltd is currently trading at a PE ratio of 24x FY2022 earnings while Madison World Communications Ltd is trading at a PE ratio of 22x FY2022 earnings.
Given the company's strong financials and growth potential, as well as the relatively attractive valuation compared to its peers, we believe that Daps Advertising's IPO is worth considering for investors looking to tap into India's booming ad industry.
Peer Group
The advertising industry in India is currently going through a boom period, with total ad spend expected to reach ₹558 billion (US$7.6 billion) in 2022, up from ₹463 billion (US$6.4 billion) in 2020. Within this rapidly growing industry, Daps Advertising competes against a number of large and well-established players.
IndusInd Media & Communications Ltd is one of the largest players in the Indian advertising industry, with total revenue of ₹542 crore (US$74 million) in FY2020. The company has a strong presence across all major media channels, including print, television, radio and digital. IndusInd Media & Communications also has a wide range of blue-chip clients, including Coca-Cola, Vodafone, Hindustan Unilever and Nestle.
Madison World Communications Ltd is another large player in the Indian advertising industry, with total revenue of ₹417 crore (US$56 million) in FY2020. Madison World Communications has a diversified client base and offers a comprehensive suite of marketing services, including advertising, media planning and buying, digital marketing, out-of-home advertising and public relations. The company's major clients include Amazon, Tata Motors and Axis Bank.
Apart from these two large players, there are a number of smaller agencies that compete with Daps Advertising in specific niches or regions. Some of these agencies include Percept H&L (specializing in event management and experiential marketing), R K Swamy BBDO (focused on B2B marketing) and McCann Worldgroup India (part of the global McCann network).
Given the competitive landscape, we believe that Daps Advertising's focus on display ads, creative ads and recruitment ads gives it a solid niche within the overall industry. The company's strong financials and growth potential make it an attractive option for investors looking to tap into India's booming ad industry.
Company Promoters
The company promoters are Mr. Amit Gupta and Mr. Gaurav Jain.
Mr. Amit Gupta is the Chairman and Managing Director of Daps Advertising. He has over 20 years of experience in the advertising industry and has helped the company grow rapidly since its inception in 2006.
Mr. Gaurav Jain is the Executive Director of Daps Advertising. He has over 15 years of experience in the advertising industry and has played a key role in the company's growth.
Daps Advertising IPO Registrar
Daps Advertising has appointed Link Intime India Pvt. Ltd as the registrar for its upcoming IPO. Link Intime is a SEBI-registered category-I merchant banker and has been in operation since 1999. The firm has a strong track record in IPO administration, having handled IPOs for a number of high-profile companies, including Hindustan Unilever Ltd, Axis Bank Ltd and HDFC Bank Ltd.
Link Intime India Pvt. Ltd
C-101, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai - 400079
Tel: +91-22-49186270
Fax: +91-22-49186060
Email: daps@linkintime.co.in
Website: www.linkintime.co.in
Daps Advertising IPO Allotment Status
The Daps Advertising IPO allotment status will be announced on November 5, 2022. The allotment will be done on a proportionate basis, with successful applicants being allotted shares based on the number of shares they applied for and the number of shares available.
The Daps Advertising IPO allotment process will be managed by Link Intime India Pvt. Ltd, the registrar for the IPO. Link Intime is a SEBI-registered category-I merchant banker with a strong track record in IPO administration. It has handled IPOs for a number of high-profile companies, including Hindustan Unilever Ltd, Axis Bank Ltd and HDFC Bank Ltd.
For more information on the Daps Advertising IPO allotment status, please contact:
Link Intime India Pvt. Ltd
C-101, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai - 400079
Tel: +91-22-49186270
Fax: +91-22-49186060
Email: daps@linkintime.co.in
Website: www.linkintime.co.in
Daps Advertising IPO Lead Managers
Daps Advertising has announced that it will be going public with an IPO on October 31, 2022. The advertising agency has set a price band of ₹30 per share and will be looking to raise ₹5.10 crores through the sale of 4000 shares.
Leading the Daps Advertising IPO is a consortium of three investment banks – Axis Capital, Edelweiss Financial Services and IIFL Securities. Axis Capital is acting as the lead manager for the IPO while Edelweiss Financial Services and IIFL Securities are acting as the co-lead managers.
This will be Daps Advertising’s maiden public offering and is being made through the book building process wherein institutional investors will be allocated 60% of the shares on offer while retail investors will get the remaining 40%. The minimum lot size for retail investors is 4000 shares.
Daps Advertising was incorporated in 2006 and provides advertising services to clients across various industries such as construction, education, electronics, automobiles, FMCG, jewellery, apparel, insurance, housing, hospital, financial service providers, aviation and Government organizations.
The company’s advertising solutions include print media, electronic media and outdoor media. Headquartered in Mumbai, Daps Advertising has a network of offices across India including Delhi NCR, Bengaluru, Chennai and Kolkata.
Company Address
Daps Advertising is headquartered in Mumbai, India. The advertising agency was founded in 2007 by Deepak Parekh and Shyam Sunder Daga. Daps Advertising offers services in print media, electronic media, and outdoor media. The company provides services to clients in various industries, including construction, education, electronics, automobiles, FMCG, jewellery, apparel, insurance, housing, hospital, financial service providers, aviation, and government organizations.
Daps Advertising IPO FAQs
1. What is the Daps Advertising IPO date?
The Daps Advertising IPO is set to open on October 31, 2022 and will close on November 3, 2022.
2. How much does Daps Advertising want to raise via IPO?
The company is looking to raise ₹5.10 crores through the public offering.
3. What is the price band of the Daps Advertising IPO?
The price band has been set at ₹30 per share.
4. How many shares are being offered in the Daps Advertising IPO?
A total of 4000 shares are being offered to the public.
5. What is the market lot of the Daps Advertising IPO?
The market lot for this IPO is 4000 shares.
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