The initial public offer (IPO) of Cash Ur Drive Marketing received bids for 40,77,000 shares as against 33,54,000 shares on offer, as per NSE data as of 17:00 hours on Thursday (31 July 2025). The issue was subscribed 1.22 times.
The issue opened for bidding on Thursday (31 July 2025) and it will close on Monday (04 August 2025). The price band of the IPO is fixed between Rs 123 to Rs 130 per share. The minimum order quantity is 1,000 equity shares. The equity shares will list on NSE’s SME platform.
The IPO comprised 46,76,000 equity shares, including a fresh issue of 44,69,000 equity shares and offer for sale (OFS) of 2,07,000 equity shares.
About 2,59,000 equity shares will be reserved for subscription by market maker to the issue. The net issue comprises of 44,17,000 equity shares.
The company intends to utilize the net proceeds for investment in technology, capital expenditure, funding the working capital requirement and general corporate purposes.
Ahead of the Cash Ur Drive Marketing on Wednesday, 30 July 2025, raised Rs 17.18 crore from anchor investors. The board has allotted 13.22 lakh shares at Rs 130 per share to 12 anchor investors.
Cash Ur Drive Marketing is an Out of Home (OOH) advertising company offering a diverse range of advertising solutions, including transit media, outdoor media, print media, and digital media services, tailored to help its clients effectively reach their target audience. As of 30 June 2025, the company employed 87 permanent employees who are on the company’s payroll.
The company recorded revenue from operations of Rs 139.32 crore and a net profit of Rs 17.68 crore for the period ended 31 March 2025.