Cash Ur Drive IPO to open for subscription today. Check GMP, price band and other details
Cash Ur Drive Marketing
will open for subscription on Thursday aiming to raise Rs 60.79 crore through a combination of fresh issue and offer for sale. Market sentiment around the NSE SME-bound IPO has been buoyant, with the grey market premium (GMP) hovering around 18% ahead of the opening.
The issue comprises a fresh sale of 44.69 lakh shares worth Rs 58.10 crore and an offer for sale of 2.07 lakh shares amounting to Rs 2.69 crore. The price band has been fixed at Rs 123 to Rs 130 per share, with investors required to bid for a minimum of 2,000 shares.
Explore courses from Top Institutes in
Please select course:
Select a Course Category
Project Management
MCA
Data Analytics
Public Policy
Data Science
Operations Management
Leadership
Product Management
Others
Cybersecurity
Management
Healthcare
Design Thinking
Data Science
PGDM
Technology
Digital Marketing
Degree
Finance
CXO
others
healthcare
MBA
Artificial Intelligence
Skills you'll gain:
Portfolio Management
Project Planning & Risk Analysis
Strategic Project/Portfolio Selection
Adaptive & Agile Project Management
Duration:
6 Months
IIT Delhi
Certificate Programme in Project Management
Starts on
May 30, 2024
Get Details
Skills you'll gain:
Project Planning & Governance
Agile Software Development Practices
Project Management Tools & Software Techniques
Scrum Framework
Duration:
12 Weeks
Indian School of Business
Certificate Programme in IT Project Management
Starts on
Jun 20, 2024
Get Details
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Ipoh: Unsold Furniture Liquidation 2024 (Prices May Surprise You)
Unsold Furniture | Search Ads
Learn More
Undo
The public issue will close on August 4, with allotment expected on August 5 and listing tentatively scheduled for August 7 on the NSE SME platform. Anchor investors have already subscribed to Rs 17.19 crore worth of shares a day before the issue opened.
Cash Ur Drive Marketing operates in the out-of-home (OOH) advertising space, with a unique focus on transit media such as cab wraps, auto hoods, and EV charging station ads.
The company provides 360-degree marketing solutions, including print and digital channels, and has operations across key cities like Mumbai, Chandigarh, Lucknow, and Noida.
Live Events
For FY25, revenue jumped 45% year-on-year to Rs 142.18 crore, while profit after tax nearly doubled to Rs 17.68 crore.
The company plans to use the IPO proceeds primarily for funding working capital (Rs 33 crore), investment in technology (Rs 5.31 crore), and capital expenditure (Rs 5.97 crore).
Market participants will be closely watching the subscription data over the next few days, particularly retail and HNI demand, to gauge the listing potential.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
26 minutes ago
- Economic Times
Highway Infrastructure IPO: GMP at 54%, subscribed over 97.70x on Day 3; check key details
Highway Infrastructure Ltd's ₹130 crore IPO saw strong demand, with a 97.7x subscription by the final day. Shares are trading at a 54% grey market premium over the ₹70 issue price, signaling high investor interest and expectations of strong listing gains. Tired of too many ads? Remove Ads Highway Infrastructure IPO GMP Today Tired of too many ads? Remove Ads Highway Infrastructure IPO Subscription Status Highway Infrastructure IPO Details About Highway Infrastructure Tired of too many ads? Remove Ads Should you subscribe? The Rs 130 crore initial public offering (IPO) of Highway Infrastructure Ltd (HIL) has grabbed strong investor attention, both in the primary market and the grey grey market activity is heating up, with HIL's shares trading at a premium of nearly 54% over the issue price of Rs 70. This robust grey market premium reflects bullish sentiment and raises expectations of healthy listing gains for the third and final day of bidding, the issue was subscribed a massive 97.70 times by 10:40 AM, as per stock exchange data — a clear sign of overwhelming IPO is generating strong interest in the grey market, where shares are trading at a premium of approximately 54%, or about Rs 36-38 above the issue price of Rs 70. This robust premium signals bullish investor sentiment and points to the potential for solid gains when the stock Individual Investors (RIIs) demonstrated robust enthusiasm, subscribing 89.39 times their allocated quota of 78.57 lakh shares. This strong participation highlights the active interest of small investors, who often play a crucial role in shaping IPO market Investors (NIIs), which include high-net-worth individuals (HNIs), also showed a positive response, subscribing 143.74 times their allotted 58.92 lakh shares. Qualified Institutional Buyers (QIBs) subscribed 7.88 times their allocation of 22.92 lakh Rs 130 crore IPO of Highway Infrastructure (HIL), a company with nearly three decades of experience in toll collection and EPC infrastructure execution, opened for subscription on Tuesday. The issue, which closes on August 7, is priced in the band of Rs 65–70 per share. The stock is scheduled to list on the BSE and NSE on August IPO comprises a fresh issue of Rs 97.5 crore and an offer for sale of Rs 32.5 crore, aggregating to 1.86 crore shares. Bids can be placed in lots of 211 shares, translating into a retail minimum investment of Rs 14,770 at the upper price operates primarily in tollway collection, EPC infrastructure projects, and to a smaller extent, real estate development. As of May 2025, its consolidated order book stood at Rs 666.3 crore, with over 90% of it from its core toll and EPC company has completed 27 tollway projects and is currently operating four, including ANPR-enabled tolling on the Delhi-Meerut the years, it has executed 66 EPC projects, with 24 more underway. The company's stronghold lies in Madhya Pradesh but extends to 11 states and one Union reported a FY25 net profit of Rs 22.4 crore, up 4.6% YoY, on revenues of Rs 495.7 crore. The EBITDA margin stood at 6.3%, with a PAT margin of 4.5%. Its post-issue P/E comes to 22.5x, translating into a market cap of Rs 502 proceeds will be used to meet working capital needs and for general corporate purposes. Pantomath Capital is the sole book-running lead manager, and Bigshare Services is the by steady financials, technological adoption in tolling (such as FASTag and ANPR), and government tailwinds in infrastructure, the issue has been rated 'Subscribe for Long Term' by Anand Rathi.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
26 minutes ago
- Economic Times
FIIs' midcaps holdings soar in FY26; smallcaps deliver mixed results
Despite a slight dip in overall holdings, foreign investors are increasing their bets on select Indian stocks, particularly in the midcap space. Top midcap picks like 360 One WAM and Paytm have delivered strong returns, while smallcap performance is more varied. Tired of too many ads? Remove Ads Why FII Moves Matter Tired of too many ads? Remove Ads Midcaps Deliver, Backed by FIIs Smallcaps: A Mixed Bag Among individual companies, the top five with the highest FII stakes are: Tired of too many ads? Remove Ads Foreign institutional investors ( FIIs ) seem to be doubling down on India's midcap space, even though their overall holding in NSE-listed companies dipped slightly in the June 2025 quarter. What stands out is that the top five midcap stocks with the highest FII ownership have all delivered strong double-digit returns in FY26 so far, showing that these bets are already paying FIIs' top smallcap holdings have seen mixed results — some stocks have rallied sharply, while others have retail investors, tracking where FIIs are investing can offer valuable clues. Since FIIs typically conduct deep due diligence before committing large sums, their investments often reflect confidence in a company's fundamentals and long-term the right stock in the midcap and smallcap space isn't easy—it's a high-opportunity, high-volatility zone. That's why checking which companies have attracted significant FII stakes can be a useful filter for stock picking. Still, it's essential not to rely solely on FII interest. Investors should also assess other key factors like earnings growth, valuations, balance sheet strength, and the industry's future top five picks in the Nifty Midcap 100 index—360 One WAM, One97 Communications (Paytm), Max Healthcare PB Fintech (Policybazaar), and Max Financial Services—have all clocked double-digit returns in FY26 so far. This impressive performance reflects not only strong institutional confidence but also robust business momentum and favorable sectoral story in the Nifty Smallcap 100 space is more uneven. FIIs hold significant stakes in Redington CAMS , and Home First Finance . However, their performance varies widely—one of these stocks has soared nearly 80% this fiscal year, while another has declined 17%, highlighting the risks and volatility typically associated with smallcap to Primeinfobase, FII shareholding by value in NSE-listed companies stood at 17.04% as of June 30, 2025—down slightly from 17.22% at the end of March. Despite this small dip in percentage, the total value of FII holdings jumped 10.53% to Rs 77.52 lakh crore, showing that foreign investors are selectively increasing exposure to stocks they believe in.– 68.54%– 67.30%– 62.58%– 59.90%– 59.26%These companies span high-growth sectors like wealth management, healthcare, logistics, and digital services—areas FIIs likely see as strong long-term bets.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
26 minutes ago
- Economic Times
Should India brace for a growth hit with US tariffs going up to 50%?
Synopsis The US decision to double tariffs on Indian goods to 50% poses a significant challenge to India's economic growth. Morgan Stanley estimates a potential 0.8% reduction in India's GDP over the next year. Key export sectors like electronics, pharmaceuticals, and textiles face barriers, prompting concerns about trade dependencies and the need for diversification. India-US trade (Representational) The US decision to double tariffs on Indian goods, raising the total duty to 50% (effective August 27), has thrown a new challenge at the Indian economy. According to a Morgan Stanley report, the move could shave off as much as 80 basis points from India's GDP growth over the next 12 months, unless it is offset by government action, policies and reforms. The tariffs, effective 21 days after the announcement, are aimed at penalising India for continuing oil imports from Russia. They now apply to nearly 67% of India's exports to the US, a chunk worth over $58 billion, or about 1.5% of India's goods already in transit and cleared by US customs before September 17 will be exempt, the impact will start to bite shortly thereafter. What's at stake for India? Sectors such as electronics, pharmaceuticals, textiles, gems and jewelry, and transport equipment-- major contributors to India's export basket-- now face steep barriers in one of their largest markets. As per the report, the seafood industry alone may lose Rs 24,000 crore, and textile exporters are already halting US-bound production due to lost cost competitiveness against Vietnam and Bangladesh. Morgan Stanley estimated that if tariffs on all Indian goods remain at 50%, the direct impact could be 60 basis points, with indirect effects pushing the total hit to growth to 1.2 percentage points. "A similar sensitivity analysis for the 67% of non-exempted goods suggests that the direct impact could be 40 bps while the indirect impact could be of a same magnitude, taking the total impact to 80 bps," the report added. If tariffs remain elevated for a year, Morgan Stanley expects Indian policymakers to respond. The RBI may cut rates by up to 75 basis points, including a 50 bps beyond its current base case, to further cushion the domestic demand. Fiscal consolidation could also take a backseat as the government increases capital expenditure to offset export weakness. These latest tariffs raise fresh questions about India's trade dependencies and the urgency of diversifying export destinations and fast-tracking trade agreements, especially with emerging markets.
