Crayons Advertising shares debut at a premium of 38.46% to offer price on NSE Emerge

The share price of Crayons Advertising listed at Rs 90 - a 38.46% premium to the offer price of Rs 65 - on June 2, at NSE Emerge.

The stock settled at Rs 94.50, up 45.38% to the offer price, with more than 22.28 lakh shares traded on the counter.

The Crayons Network is an integrated marketing and communications agency providing ad-tech communication solutions platform for advertising media services. The company had offered 64.30 fresh shares to the public and the issue was subscribed 147.61 times.

Crayons Advertising is India's first major homegrown integrated advertising agency to go public.

Corporate Capital Venture is the lead manager of the issue and Skyline Financial Services is the Registrar of the issue. The shares of the company are listed on NSE Emerge.

Info@BestMediaInfo.com