IPO Details

Bidding Dates

22 May '23 - 25 May '23

Minimum Investment

₹130,000 / 1 Lots ( 2000 Shares)

Price Range

₹62 - ₹65

Maximum Investment

₹130,000 / 1 Lots ( 2000 Shares )

Retail Discount

Not Applicable

Issue Size

₹41.80 Cr

Investor category and sub category

Qualified Institutional Buyers  |   Non-Institutional Investors  |   Retail Individual Investors  |  

IPO Dates

Important dates with respect to IPO allotment and listing

Opening Date

May 22, 2023

Closing Date

May 25, 2023

Basis of Allotment

May 30, 2023

Initiation of Refunds

May 31, 2023

Credit of Shares to Demat

Jun 1, 2023

Listing Date

Jun 2, 2023

UPI Mandatory Expiry Date

May 25, 2023

Crayons Advertising IPO Subscription Details


Day 1May 22, 2023

0.01 1.98 8.81 4.63

Day 2May 23, 2023

0.10 5.11 28.32 14.57

Day 3May 24, 2023

0.78 12.43 57.45 30.26

Day 4May 25, 2023

32.95 104.70 126.17 95.62

Crayons Advertising IPO Subscription Status Live

Investor Category Subscription (Times)
Qualified Institutions Buyers 32.95
Non-Institutional Buyers 104.70
Retail Investors 126.17
Employees [.]
Others [.]
Total 95.62

About Crayons Advertising Limited

Crayon Advertising is an advertising agency that offers 360-degree marketing and communication solutions to a wide variety of customers. The company’s services include creative design, brand marketing strategies, online and offline media planning & buying, and digital media marketing to help its clients build a solid brand identity.

Starting in 1986, the company has been in the domain for the last 36 years. It is one of the companies that offers fully integrated and independent marketing and communication solutions. Crayon Advertising has offices located in New Delhi, Mumbai, Chennai, Kolkata, and Lucknow.

Crayons Advertising Limited IPO Details

Crayon Advertising IPO contains fresh shares worth Rs. 41.80 crore. The IPO will open for bidding on May 22, 2023. It will remain open for three days before closing on May 25, 2023.

The lower and upper price bands for the shares are fixed at Rs. 62-65 per share.

Crayons Advertising Limited IPO Objective

The objectives of Crayon Advertising IPO are listed below.

  • Funding for working capital requirements
  • To meet the capital expenditure requirements
  • Investment in cutting-edge technology for expansion
  • General corporate expenses

Should you invest in Crayons Advertising Limited?

Here are a few important reasons to consider before investing in the IPO:

  • Industry experience that extends over three decades.
  • It offers solutions in different media platforms like printing, outdoor, mass media, and digital.
  • Crayons Advertising is a part of the Indian advertising industry, which is expected to grow at 11.3% CAGR from 2022 to 2027.
  • It has won several awards for its advertising campaigns, such as the Montreux Awards in Switzerland, the Gold Aster Award in New York, and the IPA Awards (Bronze) in London.

Competitive Peers

The other players as recognised by the company in DRHP are Affle (India) Ltd., Vertoz India Ltd., and Pressman Advertising Ltd.

Noteworthy Highlights of Crayon Advertising Ltd.

  • Top 10 clients of the company contributed 73.1% of revenue from operations in the period ending on December 31, 2022.
  • There is a significant growth in the company's revenue from operations from FY 21 to FY22.

IPO Financials

Particulars Year ending in December 31, 2022 Year ending in March 31, 2022 Year ending in March 31, 2021
Revenue from Operations 19,901.18 19,252.59 10,496.62
Profit After Tax (PAT) 1267.08 161.34 12.97
EBITDA 1,878.67 436.07 268.69
EPS 7.04 0.90 0.07
Total Asset 12,993.16 12,725.47 10,664.77

Know before investing


  1. The company enjoys the benefits of long-term relationships with its clients.

  2. An attractive list of marquee clients.

  3. The company is well-equipped with cutting-edge technology.


  1. The Group Company had incurred losses in the past.

  2. The company has had negative cash flow in the past. Continuous negative cash flow will impact the growth of the business.

  3. A significant rise in the cost of ad space and the non-availability of ad spaces or sights would negatively impact the business.

  • How to Apply in IPO
  • How to Check IPO Allotment Status

Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Login to Angel One App / Website

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for

Crayons Advertising IPO FAQs

What is Crayons Advertising Limited 's IPO?

The Crayons Advertising Ltd. IPO contains 64 lakh fresh equity shares for a total value of Rs. 41.80 crore. The price band is fixed at Rs. 62-65 per share, and the bidding window will open on May 22, 2023. 

When will Crayons Advertising Limited's IPO allotment be available?

The Basis of Allotment will be conducted on May 30, 2023.

What will be Crayons Advertising Limited's IPO lot size?

The lot size for Crayon Advertising Ltd. is 2000 equity shares for one lot.

When will Crayons Advertising Limited 's IPO open for subscription?

The IPO subscription window will open on May 22. 2023.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot.

When will Crayons Advertising Limited list on exchanges?

Crayon Advertising Ltd. IPO will list on the NSE exchange on June 2, 2023.

How do I check the allotment status of the Crayons Advertising Limited IPO?

It is easy to check the Crayons Advertising Limited IPO allotment status from Angel One’s mobile app by following some simple steps. 

  • Log in to Angel One app
  • Validate with an OTP.
  • Enter your application number, DP ID, and PAN number into the app
  • Click on ‘Submit’

What would be the listing gains on the Crayons Advertising Limited IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange, which is June 2, 2023, for Crayons Advertising Ltd.

I have finished the application process for the Crayons Advertising Limited IPO, but the funds are not yet debited. What is the reason?

The bank will only block the amount initially in your account. Under the new system, the money isn’t debited until the stocks are allotted to you.

How do I approve the UPI mandate request for Crayons Advertising Limited's IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Crayons Advertising Limited using one PAN?

You can submit only one application using your PAN card.

What is the minimum order quantity for the Crayons Advertising Limited IPO?

The minimum order size for the Crayon Advertising IPO is 2000 shares per lot.