Value 360 Communications IPO: Rs 41.7 crore issue opens May 4. Check price band, GMP, other details
Value 360 Communications Limited's IPO opens May 4th, aiming to raise Rs 41.69 crore by May 6th. The public relations firm plans to list on NSE Emerge, using funds for expansion, technology, influencer marketing investment, and potential acquisiti...

The initial public offering will comprise up to 42.54 lakh equity shares of R 10 face value at price range of Rs 95 to Rs 98 per share per share.
Following the IPO, the company’s shares will be listed on SME platform NSE Emerge.
The public relations and communications company will use the proceeds of the IPO to power the next phase of growth.
The funds will be utilised for capital expenditure towards infrastructure and cutting-edge technology for expansion into content production verticals, investment in influencer marketing platform Irida Interactive Private Limited (ClanConnect) and expanding ownership to fulfil potential acquisition in the near future.
Some part of the proceeds will also be used for prepayment or repayment of certain outstanding borrowings, for working capital requirement and general corporate purposes.
Value 360 Communications IPO GMP
The shares of SME IPO were not commanding any grey market premium (GMP) so far.
Lead managers
Horizon Management Private Limited has been appointed as the Book Running Lead Manager (BRLMs) to the issue, while KFin Technologies Limited will serve as the registrar to the Issue.
About the company
Established in 2007, the company has evolved into a full-service platform delivering data-driven and AI-powered marketing solutions to a diverse clientele across industries.
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