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CASHurDRIVE has officially announced the launch of its Initial Public Offering (IPO), set to open on July 31, 2025. The outdoor advertising company is looking to raise up to ?60.79 crore at the upper end of the price band, marking a key milestone in its growth journey.
The IPO will be offered in a price band of ?123 to ?130 per equity share, with a minimum lot size of 1,000 shares. Anchor investors will be able to place their bids a day earlier on July 30, and the public issue will remain open until August 4.
The offering includes a total of 46,76,000 equity shares, strategically allocated across investor categories. This includes:
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22,04,000 shares for Qualified Institutional Buyers (QIBs)
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6,63,000 shares for Non-Institutional Investors (NIIs)
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15,50,000 shares for Retail Individual Investors (RIIs)
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2,59,000 shares reserved for Market Makers (MMs)
Narnolia Financial Services Ltd is serving as the Book Running Lead Manager for the IPO. Once listed, the company’s shares will debut on NSE Emerge, the SME platform of the National Stock Exchange, offering visibility and access to a wider pool of investors.
With this offering, CASHurDRIVE aims to expand its presence in the out-of-home (OOH) media space, strengthen its operational capabilities, and fuel its next phase of growth.
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