Crayons Advertising Limited has filed a Draft Red Herring Prospectus (DRHP) with NSE Emerge for its initial public offering.
The company plans to offer 64.30 lakh Equity Shares of face value Rs 10 each through the book-building process. Corporate Capital Ventures is the book-running lead manager to the issue, while Skyline Financial Services is the registrar of the issue.
The proceeds from the initial public offering will be used in building infrastructure and cutting-edge technology for expansion (Rs. 15.28 crore) and funding working capital requirements (Rs. 14.50 crore).