Value 360 Communications Ltd. concluded its Rs 41.69 crore public issue on Wednesday, garnering an overall subscription of 1.19 times.
The IPO was over-subscribed 1.19 times, witnessing participation across all investor categories, including Qualified Institutional Buyers (QIBs), Non-Institutional Buyers and Retail Individual Investors.
Here's a look at Value 360 Communications' IPO subscription:
Category | Subscription times (x) | Shares offered | Share applied for |
QIB | 17.00 | 72,000 | 12,24,000 |
Non-Institutional Buyers | 1.24 | 11,77,200 | 14,60,400 |
Retail Individual Investor | 0.77 | 27,91,200 | 21,48,000 |
Market Maker | 1.00 | 2,13,600 | 2,13,600 |
Total | 1.19 | 42,54,000 | 50,46,000 |
The company's shares will be listed on NSE Emerge, SME Platform of National Stock Exchange.
Value 360, notably, is an integrated communications and marketing solutions provider, offering end-to-end services across public relations, digital marketing, influencer marketing, and strategic communications. Established in 2009, the company has evolved into a full-service platform delivering data-driven and AI-powered marketing solutions to a diverse clientele across industries.
"The company has received multiple industry awards and recognitions and continues to focus on scalable, asset-light growth driven by technology, creativity, and strategic partnerships," a press release noted.
Value 360 remains committed to helping brands build reputation, enhance engagement, and drive measurable business outcomes in an increasingly digital-first world, it added.
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