Founded in 2017, Adcounty Media Has Quickly Bope One of the Fastest-Growing Digital-FIRST Adtech FIRMS, with Operations in Eight Countries. The company offers Comprehensive Advertising Solutions Utilizing Automation, Artificial Intelligence, and Programmatic Advertising. Their offerings are tailored to companies in the e-commerce, BFSI, Gaming, Edtech, FMCG, and Travel Industries for Purposes Such as User Acquisition, Branding, and Lead Generation.
For the Financial Year Ending March 31, 2025, Adcounty Media Reported a Revenue of 68.89 Crore and a Profit after tax (PAT) 13.75 Crore.
According to the Red Herring Prospectus (RHP), the company’s publicly listed competitions include affele 3i ltd (with a p/e ratio of 65.26) and daps advertising ltd (with a p/e ratio of 9.83).
Adcounty Media India IPO Subscription Status
Adcounty Media India IPO subscription status is 70% on day 1, so far. The retail portion was subscribed 1.23 times, and Nii Portion was Book 39%. Qualified Institutional Buyers (QIBS) is yet to be subscribed.
The company has received bids for 27,48,800 shares against 39,40,800 shares on offer, at 12:44 IST, according to data on chittorgarh.com
Adcounty Media India IPO Details
The public offering consists of a new issue of 59,63,200 shares, Priceed Between 80 and 85 per equity share, with the goal of raising up to 50.69 Crore at the Highest Price Band.
Adcounty media intends to use the funds from this issue to enhance its Technological infrastructure, Grow Its International Operations, Recruit Talent, and Address Genral CORPORATE and Working Capital Needs.
Retail investors are required to apply for at least one lot of 1,600 shares, which needsitates an investment of 1,36,000 at the highest price band. For High-NET-Worth Individuals (HNIS), The Minimum Application Requirement is Two Lots (3,200 Shares), Totaling 2,72,000 at the highest price band.
Narnolia services as the book running lead manager for the IPO, while Skyline Financial Services Pvt. Ltd. Acts as the registrar to the issue. The corporate promoter associateed with the offering is innovana thinklabs limited.
Adcounty Media India IPO Gmp Today
Adcounty Media India IPO Gmp Today is +32. This indicates adcounty media India share price was trading at a premium of 32 in the green market, according to investorgain.com.
Considering the upper end of the IPO price band and the current premium in the green market, the estimated listing price of adcounty media India share price is indicated at 117 Apiece, which is 37.65% higher than the IPO price of 85.
According to the Recent Activities in the Grey Market Over the Last Four Sessions, The IPO GMP is Trending Downwards Today and is Likely to decrease further. The minimum gmp stands at 32.00, while the maximum gmp is 33, as stated by an expert from investment.com.
‘Grey Market Premium’ Indicates Investors’ Readness to pay more than the issue price.
Disclaimer: The views and recommendations made Above are that of individual analysts or broking companies, and not of mint. We Advise Investors to Check With Certified Experts Before Making Any Investments Decisions.
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