Inscribe Graphics IPO – Review, Allotment Status, Subscription, Price, Date & more

Inscribe Graphics, a graphic/animation and a web designer, forming part of the SME corporate base, is all set to raise funds via IPO. The company is in the process of finalizing its prospectus and has even received certain regulatory approvals and waiting for completing the process.

Lets read about Inscribe Graphics IPO like the release date, the IPO offer price, company background, promoter background, grey market price etc.

Inscribe Graphics IPO Review & Ratings

Summary of Inscribe Graphics IPO

Inscribe graphics has been in business since 2009 and has recently decided to get listed and go for public funding. One of the main purpose of this fund raising is the business expansion plan that the company has on table. The company plans to raise funds by issuing 25,26,000 equity shares of which, 1,86,000 equity shares will be reserved for subscription by the market makers. The company is in the midst of book building and will be son out with the offer price. Also, the date for release has not been finalised yet as certain approvals are awaited from the regulatory authorities, however, it is expected that the company will come out with the release by the beginning of the last quarter of calendar year i.e. by October 2018. The company has been promoted by Mr. R Prakash, Mr. Omer Sheriff and Ms. Vimla Thomas.

The book running lead manager appointed for this IPO is Mumbai based Mark Corporate and registrar to the offer is Cameo Corporate.

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Inscribe Graphics IPO Date

The company is awaiting certain regulatory approvals and is also in the process of completing book building procedure. Once the company finalises the date of release of IPO, this section will be updated accordingly.

Inscribe Graphics IPO Subscription

Once the IPO is released, the details of subscriptions made by the public for this IPO will be updated on a daily basis.

Inscribe Graphics IPO Allotment Status

The allotment process will begin once the subscription is completed. Hence, these details will be updated post the close of the IPO.

Inscribe Graphics IPO Price Band

The company is in the process of finalising the offer price in consultation with the book running lead managers. Once the company finalises the offer price, the details will be updated herein.

Inscribe Graphics IPO Issue Size

The issue size is not yet finalised as the company has not finalised on offer price. Once it is done, the details will be updated herein. The IPO size is however expected to be close to 27% of the post issue paid up capital of the company.

Inscribe Graphics IPO Equity Share Offerings

Inscribe Graphics IPO is offering 25,26,000 equity shares of face value of Rs. 10 each. Out of this, the company has reserved upto 1,86,000 equity shares will be reserved for the market makers and the balance 23,40,000 equity shares will be available for the public to subscribe.

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Inscribe Graphics Limited – Company Overview

Inscribe Graphics Limited was initially set up in 2009 and went ahead to change its status from private to public company in 2017. The company  is engaged in the business of graphics, animation, multimedia, web designing and
incidental activities. The Company, so far, has been catering to the overseas markets only.

It started with offering services to clients in USA and later on expanded into countries like UK, Norway, Honk Kong, Australia, Canada, Singapore and Bangladesh. Artwork and Digitising are its core areas of activities from inception.

The Company focusses on Promotional Products, Fashion Apparel, Retail, Professional Sports, Collegiate Licensing, Corporate, Uniforms, Licensed Team Sports, Sporting Goods, Graduation Products, Cheerleading, Printing, Manufacturing and Embroidery markets. The company was directly dealing with its overseas clients in the beginning years.

However, for operational and marketing convenience the company had started a branch in USA in March 2012 and the branch started procuring orders from the overseas clients (mostly from USA) and those orders were executed by the Head Office at Chennai, India.

Recently, in 2017, the company had thought it fit to incorporate a Wholly Owned Subsidiary (WOS) in USA for operational and administrative reasons and also for achieving tax efficiency. The WOS in USA was set up in the month of October 2017 and now the WOS procures orders from the clients and interacts with them, instead of the USA branch with execution continues to be done by the Head Office at Chennai.

The company has recently forayed into the animation segment and hence it can be now said to have two segments – Graphic designing and Animation. It has started with 2D animation projects and would also be considering 3D animation projects in the coming months. The 2D animation segment executes work in the television segment and in due course works from movie and other segments would also be taken up.

Key Members of Inscribe Graphics Limited:

• Mr. R Prakash, Managing Director
• Mr. A Omer Sheriff, Executive Director
• Ms. Vimla Thomas, Executive Director
• Ms. Hemalatha Rajan, Non Executive Independent Director
• Ms. R. Sneha, Non Executive Independent Director

Competitive Strengths of Inscribe Graphics Limited:

• Experienced Management Team
• Good Infrastructure facility
• Skilled Technical Team
• Presence in USA through a Wholly Owned Subsidiary
• Customer Loyalty

Business strategy of Inscribe Graphics Limited:

• To explore newer markets across the globe
• To set up branches/marketing offices in more number of countries
• To aggressively acquire new and more clients in existing markets
• To consider inorganic growth, wherever possible
• To consider forward and backward integration opportunities

Inscribe Graphics – Financial Statements

A quick look into the past financial performance of the company.

Assets of the Company

Revenue & PAT of the Company

Earnings per Equity Share

The numbers herein reflect that the company has certainly grown in the revenue but the PAT has increased more than the revenue thereby implying that the company has also been playing effective in cost efficiency which implies a good business practice. The PAT has also been increasing quite manifolds in a span of 5 years and hence should be a good venture.

Inscribe Graphics Promoters

Inscribe Graphics has been promoted by the following:

• Mr. R. Prakash
• Mr. A. Omer Sheriff
• Ms. Vimla Thomas

Promoter Interest in the company

The promoters are interested in the Company to the extent that they have promoted the Company, to the extent
of their shareholding, for which they are entitled to receive the dividend declared, and other distribution in respect of Equity Shares if any, by the Company. Further,  Promoters who are also Directors may be deemed to be interested to the extent of fees, remuneration and/or reimbursement of expenses payable to them for services rendered to the company.

Promoter Interest in the property of the company

Promoters have no interest in any property acquired or proposed to be acquired by the Company within the two years from the date of latest prospectus filed i.e. in March 2018.

Inscribe Graphics IPO Offer Details or Issue Details

Inscribe Graphics IPO Issue Object

The proceeds of the Issue, after deducting Issue related expenses, will be used for:

• Capital Expenditure for Business Expansion
• Funding the working capital requirements of the Company
• General Corporate Purpose

List of Upcoming IPOs in 2018