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

Inscribe Graphics IPO Ratings & Review
CriteriaRatings
Industry Sentiments6.7/10
Industry Ranking6.3/10
Company Background6.2/10
Company Reputation6.5/10
Competitive Edge6.2/10
Financial Statements6.6/10
Popularity Index6.2/10
Promoters Reputation6.2/10
Retail Appetite6.3/10
Top Brokers Review6.4/10
Overall Ratings6.5/10
Star Ratings★★★☆☆

Summary of Inscribe Graphics IPO

Inscribe Graphics IPOInscribe 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

 Subscription
Day 1 X
Day 2 X
Day 3X
Day 4 X
Day 5 X

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.


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

Assets (in INR & Lakh)
 Mar’17Mar’16Mar’15Mar’14Mar’13
Non-Current Asset156179135122130
Current Asset688514322207191
Total Asset844693457329321

Revenue & PAT of the Company

Revenue & Profits (in INR & Lakh)
 Mar’17Mar’16Mar’15Mar’14Mar’13
Total Revenue1,3961,132847727457
Profit after Tax (PAT)243199845941

Earnings per Equity Share

Earning per Equity Share (in INR)
 Mar’17Mar’16Mar’15Mar’14Mar’13
Basic3.572.911.240.860.61
Diluted3.572.911.240.860.61

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

ParticularsNo. of shares
Issue of Equity SharesUpto 25,26,000 Equity Shares of face value of Rs. 10 each fully paid of the Company for cash at price of Rs. [.] per Equity Share aggregating Rs. [.] Lakhs.
Of which:
A) Issue reserved for market makersUpto 1,86,000 Equity Shares of face value of Rs. 10 each fully paid of the Company for cash at price of Rs. [.] per Equity Share aggregating Rs. [.] Lakhs.
B) Net issue to the publicUpto 23,40,000 Equity Shares of face value of Rs. 10 each fully paid of the Company for cash at price of Rs. [.] per Equity Share aggregating Rs. [.] Lakhs.
Of which:
Non-Institutional Portion[.] Equity Shares of face value of Rs. 10 each fully paid of the Company for cash at price of Rs. [.] per Equity Share aggregating Rs. [.] Lakhs will be available for allocation to investors above  Rs. 2,00,000.
Retail portion[.] Equity Shares of face value of Rs. 10 each fully paid of the Company for cash at price of Rs. [.] per Equity Share aggregating Rs. [.] Lakhs will be available for allocation to investors up to  Rs. 2,00,000.
Pre and Post-Issue Equity Shares
Equity Shares outstanding prior to this Offer68,20,000 Equity Shares of Rs. 10/- each
Equity Shares outstanding after this Offer93,46,000 Equity Shares of Rs. 10/- each

 


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

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Inscribe Graphics IPO – Basis of the Offer Price

As mentioned above, the company is still in the process of fixing up offer price and is in the middle of the book building process wherein it is having discussions with the lead managers  to decide upon the market price based on the qualitative and quantitative factors and the market sentiments like the fiscal position, economic cycle etc.

Qualitative factors influencing the offer price:

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

Quantitative factors influencing the offer price:

  • Earning per share – The EPS for March 2017 is Rs. 3.57 and the weighted average EPS for the latest three years is Rs. 2.97.
  • Price/earning ratio – PE ratio is one of the key indicators used for analysing the performance of a company. This ratio can be determined only once the price is set.
  • Return on Net Worth – The weighted average RoNW works out to 34.38% and that for FY 16-17 is 32.80%.
  • Net Asset Value – NAV per Equity Share – The net asset value per equity share as on 31 March 2017 is Rs. 168.66
  • Comparison of Accounting ratios with Industry peers – Currently there is no listed company in India operating in this particular business segment with similar size, scale and business model and hence a strict comparison is not possible

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Inscribe Graphics IPO Lead Managers

Lead Managers
Mark Corporate Advisors Private Limited

Inscribe Graphics IPO Registrar to offer

Registrar of the Offer
 Cameo Corporate Service Limited

Inscribe Graphics IPO Review by Top 10 Stock Brokers


Inscribe Graphics IPO Grey Market Premium

Inscribe Graphics IPO grey market will pen a fortnight before the IPO releases. Once the grey market is open, there would be an unofficial trading of the shares offered under IPO. The dealings would be made on kostak rates and will carry a grey market premium. Once the grey market is open, the details will be updated herein.


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