BrandBucket IPO to open next week : Check out the details

BrandBucket IPO to open next week : Check out the details In the next week, another IPO is lined up to open for subscription in the primary market. Mumbai and Thane based BrandBucket Media and Technology Limited is bringing its IPO on 20^th of December, i.e. Monday. BrandBucket Media & Technology: Brandbucket Media & Technology is engaged in providing advertising and related media services. The advertising media solutions include both offline like outdoor as well as digital media through Websites, Social Media Platforms, & Search Engines. The company is further engaged in event management activities including planning, organizing, and managing all event activities. Their expertise with the technologies, applications, standards, regulations and compliances with respect to media and technology industry are relevant in each domain, quality of service & our resource base, enables us to offer a value proposition to our clients. When: The Brandbucket IPO opens on Dec 20, 2021 and people can subscribe it till 23^rd December, 2021.

• Offer for sale: ₹8.25 crore.
• Price band: Rs 55 per equity share.
• Face value: Rs 10 apiece.
• Lot size: 2000 shares
• Total Shares: 1,500,000
• Listing: BSE SME.
• Listing Date: 31^st December
• Registrar: Satellite Corporate Services Private Limited
• Lead managers: Inventure Merchant Banker Services Private Ltd
• Promoters: Nishigandha S. Keluskar, aged 45 years, is the Managing Director of the Company and also will be promoting the IPO. Apart from her, Createroi Financial Consultancy Private Limited is the promoter of the company.

Objectives of the IPO: The company aims to utilize the funds for following purpose:

• Augmenting additional working capital requirements
• Funding capital expenditure requirements
• Meet general corporate purposes.

Summary of Financial Information:

Particulars	Total Assets (₹ in Lakhs)	Total revenue (₹ in Lakhs)	Profit after Tax (₹ in Lakhs)
31 Mar-2019	286.31	677.78	14.48
31 Mar-2020	340.34	2288.21	35.36
31 Mar-2021	495.57	1519.27	29.14
31 Sep-2021	557.69	613.99	21.84

If we annualize FY22 earnings and attribute it to fully diluted post IPO equity, then the asking price is at a P/E of 33.13 and on the basis of FY21 earnings, it stands at 59.78. Thus the issue is priced aggressively.