Cyber Media Research and Services Limited (CMRSL) has announced the IPO of 780,000 shares worth Rs 14.04 crores . The IPO of 780,000 shares worth Rs 14.04 crores, New Delhi, India, on September 23 .
Cyber Media Research and Services Limited (CMRSL), which is in the ad tech and data analytics sector, has announced the IPO of 780,000 shares worth Rs 14.04 crores, New Delhi, India, on September 23.The issue was introduced on September 27 and closes on September 29, 2022, and will be listed on NSE Emerge.The price per share will range from Rs 171 to Rs 180 per equity share and will be sold in lots of 800 shares at a face value of Rs 10.3,69,600 shares will be reserved for the QIB quota, 2,60,000 for the Retail quota, 1,11,200 for the HNI quota, and 39200 for the Market Maker Quota.The proceeds from the issue will be used to fund the following objectives:i. ii.Funding the operating capital requirementsii.The purpose of a portfolio is to finance investments in new initiatives and general corporate purposes.iii.To address the issue, CMRSL is involved in a fast-growing ad tech and data analytics market. AI plays a crucial role in data-enrichment and improving marketing experiences across devices, formats, and user preferences, according to the company.CMRSL has a 30-year track record of developing successful businesses that are backed by major investors.As India's growth is going to be dominated by digital technologies, it is delivering solutions for evolving industry needs.The company will invest in ML-based software that keeps data at the heart of the process. It will continue investing in products with higher margins as well as inorganic growth opportunities, as it has done so in recent years.It had a net income of Rs.50,000.Comparing to Rs. In FY2021, there were 3,016.36 transactions.For FY2022, it had a revenue of Rs.200,000.As compared to Rs. 20,000.As compared to Rs.145.34, the price is less than Rs.In FY2021, 44.33 lakhs were spent on this project. He is the co-founder of the Indian Angel Network and the recipient of the Helen Keller Award for service in the disability industry.Dhaval Gupta and Thomas George are the managing team members.Dhaval Gupta is the managing director of CMRSL, with more than 14 years of experience.As a freelance journalist, he has a keen awareness of the digital, media, and technology industries. Thomas George is the company's president and director of CyberMedia Research.He has more than twenty-five years of industry experience in business market research, consulting, advisory, media and content in the ICT industry.PNN has not accepted responsibility for the content in this article.dout