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Maagh Advertising And Marketing Services Ltd IPO (Maagh Advertising IPO) Detail

September 26, 2022 - October 4, 2022

Maagh Advertising IPO is a fixed price issue of Rs 9.12 crores. The issue is entirely a fresh issue of 15.2 lakh shares.

Maagh Advertising IPO bidding started from September 26, 2022 and ended on October 4, 2022. The allotment for Maagh Advertising IPO was finalized on Monday, October 10, 2022. The shares got listed on BSE SME on October 13, 2022.

Maagh Advertising IPO price is ₹60 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (4,000 shares) amounting to ₹240,000.

Inventure Merchant Banker Services Pvt Ltd is the book running lead manager of the Maagh Advertising IPO, while Satellite Corporate Services Private Limited is the registrar for the issue.

Refer to Maagh Advertising IPO RHP for detailed information.

Maagh Advertising IPO Details

IPO Date September 26, 2022 to October 4, 2022
Listing Date October 13, 2022
Face Value ₹10 per share
Price ₹60 per share
Lot Size 2000 Shares
Total Issue Size1,520,000 shares
(aggregating up to ₹9.12 Cr)
Fresh Issue1,520,000 shares
(aggregating up to ₹9.12 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion76,000 shares

Maagh Advertising IPO Reservation

Maagh Advertising IPO offers 1,520,000 shares. 722,000 (47.50%) to NII, 722,000 (47.50%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered76,000 (5.00%)
Other Shares Offered722,000 (47.50%)
Retail Shares Offered722,000 (47.50%)
Total Shares Offered1,520,000 (100%)

Maagh Advertising IPO Timeline (Tentative Schedule)

Maagh Advertising IPO opens on September 26, 2022, and closes on October 4, 2022.

IPO Open Date Monday, September 26, 2022
IPO Close Date Tuesday, October 4, 2022
Basis of Allotment Monday, October 10, 2022
Initiation of Refunds Tuesday, October 11, 2022
Credit of Shares to Demat Wednesday, October 12, 2022
Listing Date Thursday, October 13, 2022
Cut-off time for UPI mandate confirmation 5 PM on October 4, 2022

Maagh Advertising IPO Lot Size

Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 2000 ₹120,000
Retail (Max) 1 2000 ₹120,000
HNI (Min) 2 4,000 ₹240,000
Lot Size Calculator

Maagh Advertising IPO Promoter Holding

Miniboss Consultancy Private Limited and Azharuddin R. Mulla are the Promoters of the Company.

Share Holding Pre Issue 99.95%
Share Holding Post Issue 53.63%

About Maagh Advertising And Marketing Services Ltd

Incorporated in 2013, Maagh Advertising And Marketing Services Limited is an advertising agency primary offering creative and media services. The company offers a complete range of designing, media and printing services.

The company services include the following:

Media Services: Print, Outdoor, Radio, Social Media, Media Planning, Buying and implementation

Creative Services: Concept Development, Print advertisements, Radio Spots, Outdoor advertisements, Online advertisements, Logo Design and Packaging Design.

Social Media Advertising: Creative web designing, SEO Services and Campaigns.

Other Services: Public Relation Campaigns and Product Launch campaigns.

The company also rely heavily on third parties like material suppliers, designers, media providers and other service providers to help us meet the contractual obligations and provide services as required by the client.

Competitive Strengths :

  • Meeting expectation of clients
  • Social media and digital advertising

Company Financials

Maagh Advertising And Marketing Services Ltd Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
Amount in ₹ Lakhs

Key Performance Indicator

Maagh Advertising IPO Market Cap is Rs 19.68 Cr and P/E (x) is 37.5.

KPI Values
P/E (x)37.5
Market Cap (₹ Cr.)19.68

Objects of the Issue (Maagh Advertising IPO Objectives)

The objects of the Net Proceeds (as defined below) of the Issue are:

1. Purchase of Software

2. Purchase of Media Inventory

3. General Corporate Purposes

Maagh Advertising IPO Review (Avoid)

[Dilip Davda]  MAMSL is operating in a highly competitive segment with third-party service providers. It has posted a declining top line with pressure on margins. Post IPO low promoter’s holding and small equity base are major concerns. Based on FY22 earnings, the issue is aggressively priced. There is no harm in skipping this pricy issue. Read detail review...

Maagh Advertising IPO Subscription Status (Bidding Detail)

The Maagh Advertising IPO is subscribed 1.18 times on October 4, 2022 6:57:00 PM. The public issue subscribed 0.31 times in the retail category, times in the QIB category, and 2.05 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Maagh Advertising IPO Prospectus

Maagh Advertising IPO Rating

Rating:Rated 1.9 stars
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Maagh Advertising IPO Listing Details

Listing Date October 13, 2022
BSE Script Code 543624
NSE Symbol
Final Issue Price ₹60 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

Maagh Advertising And Marketing Services Ltd Contact Details

Maagh Advertising And Marketing Services Ltd
302, 3rd Floor, Kuber Complex,
Opp. Laxmi Industrial Estate, New Link Road,
Andheri West, Mumbai – 400053
Phone: +91 22 4603 3045

Maagh Advertising IPO Registrar

Satellite Corporate Services Private Limited

Phone: +91-22- 28520461/462

Maagh Advertising IPO - Buy or Not

Maagh Advertising IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 4

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Maagh Advertising IPO FAQs

Maagh Advertising IPO is a SME IPO of 1,520,000 equity shares of the face value of ₹10 aggregating up to ₹9.12 Crores. The issue is priced at ₹60 per share. The minimum order quantity is 2000 Shares.

The IPO opens on September 26, 2022, and closes on October 4, 2022.

Satellite Corporate Services Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Maagh Advertising IPO using UPI as a payment gateway. Zerodha customers can apply in Maagh Advertising IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Maagh Advertising IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Maagh Advertising IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Maagh Advertising IPO opens on September 26, 2022 and closes on October 4, 2022.

Maagh Advertising IPO lot size is 2000 Shares, and the minimum amount required is ₹120,000.

You can apply in Maagh Advertising IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Maagh Advertising IPO will be done on Monday, October 10, 2022, and the allotted shares will be credited to your demat account by Wednesday, October 12, 2022. Check the Maagh Advertising IPO allotment status.

The Maagh Advertising IPO listing date is on October 13, 2022.
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Maagh Advertising IPO Message Board

Ranked Members of Forum  Ranked Members | Most Liked Members



34. lucky boy |   Link |November 15, 2022 3:48:08 PM
IPO Mentor IPO Mentor (1000+ Posts, 300+ Likes)
management ka interview kisine dekha kya?
maine dekha,,management khud samne se bola 37% ofs is big but hum price reasonable price leke aaye hain,,,,
🥰 ee ka reasonable hain...........
33. IpoRetailer |   Link |October 13, 2022 11:53:33 AM (200+ Posts)
Complete operator play here... 2 big orders near UC placed, just to pull up the issue.
32. Durga Mahesh |   Link |October 13, 2022 10:25:18 AM
Going to list @114 price congrats all who applied as their own risk and once again congrats for becoming Lakhpathi. Fentastic, mindblowing, unbelivable listing. I will recover all my losses with this share.
32.2. MehulStk |   Link |October 13, 2022 10:45:17 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
You reminded me of Mushfiqur Rahim :)
32.3. Elon Rusk |   Link |October 13, 2022 11:01:19 AM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
It listed even higher @125 for 2 lots
31. Durga Mahesh |   Link |October 11, 2022 6:44:19 AM
Any update on allotment?. Still the allotment status not showing in satellite corporate website
30. Pratham |   Link |October 4, 2022 5:08:04 PM
IPO Mentor IPO Mentor (600+ Posts, 500+ Likes)
Lead manager did lot of work to get Nii on board
And pulled the issue through.
29. Elon Rusk |   Link |October 4, 2022 4:40:40 PM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Shocked that this got fully subscribed. Loss for investors sure
29.1. Boxowi |   Link |October 4, 2022 5:05:09 PM
Ab UC lagega 10-15.
28. AMIT IND |   Link |October 4, 2022 3:48:54 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
It may be withdrawn today.
27. Elon Rusk |   Link |October 4, 2022 11:49:35 AM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Good that retail investors are not blindly investing in this loss making IPO. Hopefully it will be withdrawn due to low subscription
26. SME KGF |   Link |October 3, 2022 11:19:42 PM
Few people are marketing this
Few people will lottt retail hard Moey save Karo cancellllll
Dont apply 50% discount open hoga.....likh lenaaa. It will looott kotttt u
26.1. Kiaan |   Link |October 4, 2022 10:28:56 AM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Good chance of getting withdrawn.
25. SME KGF |   Link |October 3, 2022 11:18:54 PM
Dont apply and Friends it may open 50% low....50% lower it will opennnn .... Just avoid don't apply....some people befulling.....retail ko loott lenge like kandarpppp.....bach k raho just avoid cancel it....
24. IpoRetailer |   Link |October 3, 2022 9:13:45 PM (200+ Posts)
What happens next if still not fully subscribed? Will the issue be cancelled completely?
23. antarix |   Link |October 3, 2022 3:33:55 PM
IPO Mentor IPO Mentor (800+ Posts, 600+ Likes)
Extension of date is no solution. LM should reduce its price drastically from 60 to around 15-20.
22. Noorul |   Link |October 3, 2022 12:17:10 PM
Looks like a Avoid candidate.
22.1. NaveenM |   Link |October 3, 2022 1:47:41 PM (200+ Posts)
Investors rejected it few days back. Only the date has changed and nothing else. Unless an operator enters to corner the shares and manipulate the prices, nothing looks attractive here.
21. Durga Mahesh |   Link |October 1, 2022 10:41:10 PM
Not sure whether it will becomes another rachana infrastructure. Because Evoq remedies also released with high price with low fundamentals but after listing continuously lower circuit happened and investors made huge losses in evoq remedies. So don't believe, be invest by luck only
20. Arshit |   Link |October 1, 2022 4:00:02 PM
I have applied and also authorized payment through UPI mode. Now i want to cancel that authorization of making payment. Whether it is possible or not at this stage ?
Kindly advice me.
19. Shahukaar |   Link |October 1, 2022 4:06:16 PM
Ama vechva vadi chale chhe.. bum ma dum hoy to j sadi karvi.. khali vechva vada j ubha chhe...
18. Gaurav DD dimer |   Link |September 30, 2022 9:34:19 AM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
Date Extended (4th October last Date to Apply)
18.2. svh |   Link |September 30, 2022 12:40:46 PM
IPO Guru IPO Guru (2100+ Posts, 3400+ Likes)
:) Track change from strong players. Now they have decided to compete with the weaker players like QMS , Pace e-com , vedant.

Instead of withdrawing issue they have now decided to give a chance to retailers to withdraw their application :)
18.3. IpoRetailer |   Link |October 1, 2022 12:37:45 PM (200+ Posts)
What happens next if still not fully subscribed?
17. Arshit |   Link |September 30, 2022 12:56:00 PM
Yes, i am agreed with this statement that "Globesecure technology company has 3 employee and people commented the same thing". I have received this lot and exit on 152.65 after approx 2 months.
17.1. Takamichi |   Link |October 1, 2022 12:57:56 AM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
Don't compare company credentials and financials with how they perform after listing..... See rachna, it was also undersubscribed and date was extended and see the valuation now.... See rhetan , the company feels hollow still it's reaching 100 how they perform and how the stock actually is don't corelate always in smes.... Even good one like lemerite and knagri stuggle like anything and bad ones r so highly buffed up....
16. antarix |   Link |September 30, 2022 11:21:16 PM
IPO Mentor IPO Mentor (800+ Posts, 600+ Likes)
Dear promotors Miniboss and Azharuddin, people are not that foolish as you thought. Besides extension of date, reduce the price from 60 to 20.
15. Dilip Davda |   Link |September 30, 2022 6:35:24 PM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
As per BSE Website, this IPO stands extended till October 04, 2022. Please note.

Dilip Davda
SEBI registered Research Analyst

Read my IPO Reviews

15.3. Always Right |   Link |September 30, 2022 7:43:18 PM
How can BSE website can show that the issue date is extended? actually MAAGH advertising issue extended which will list in BSE.
15.4. Always Right |   Link |September 30, 2022 7:44:25 PM
There is no clarification on NSE emerge website about the extension of IPO of QMS Medical.