New Delhi, August 7 (H.S.): Cash Ur Drive Marketing's shares debuted on the stock market today, benefiting its IPO investors. Priced at ₹130, the shares listed at ₹155 on the NSE's SME platform, reflecting a 19.23% premium. Unfortunately, selling pressure soon led to a drop to ₹147.25, hitting a lower circuit level. However, buying activity resumed, and shares closed at ₹160, allowing IPO investors a profit of 23.08%.

The IPO, valued at ₹60.79 crore, was open from July 31 to August 4 and was significantly oversubscribed, at 81.94 times in total. Subscriptions from Qualified Institutional Buyers (QIB) were 76.19 times, Non-Institutional Investors (NII) at 135.23 times, and retail investors at 62.41 times. New shares worth ₹58.10 crore were issued, along with 2.07 lakh shares through the offer for sale window. Funds raised will support technological upgrades, working capital needs, and general corporate purposes.

Financially, the company showed robust performance, with net profit increasing from ₹5.15 crore in FY 2022-23 to ₹17.68 crore by FY 2024-25, while revenue grew at a CAGR of over 32%, reaching ₹142.18 crore. The debt decreased from ₹5.06 crore in 2022-23 to ₹18 lakh by 2024-25.

Hindusthan Samachar / Jun Sarkar