Watch out for this SME IPO which got oversubscribed 29.55 times!

Watch out for this SME IPO which got oversubscribed 29.55 times!

Cyber Media Research & Services Limited works in the fields of data analytics and ad technology. Digital marketing, programmatic media buying, publisher monetization and data analytics make up the company's four income streams. 

Cyber Media Research IPO is a SME IPO of 780,000 equity shares of the face value of Rs 10 aggregating up to Rs 14.04 Crores. The issue is priced at Rs 171 to Rs 180 per share. The minimum order quantity is 800 Shares. 

Shining light on the financial performance front, for the last four fiscals, it registered a revenue of Rs 56.78 crores in FY22 compared to Rs 30.16 crores in FY21. Its EBITDA for FY22 was Rs 3.55 crores, compared to Rs 1.84 crores in FY21. Its PAT for FY22 was Rs 1.45 crores as compared to Rs 0.44 crores in FY21. For FY21-22, the revenue has grown by 88 per cent, EBITDA by 92 per cent and PAT by 228 per cent.

For the last three fiscals, CMRSL has reported an average EPS of Rs. 3.36 and an average ROE of 28.01 per cent. The issue is priced at a P/BV of 12.37 based on its NAV of Rs 14.55 as of March 31, 2022. The company has not declared or paid any dividend for the last five fiscals. Based on DRHP and the ratio and earnings available for the year FY22, the company P/E stands at 34.95.  

As for the competitors, CMRSL has shown Affle India, Brightcom Group and Vertoz Advertising as their listed peers. 

The IPO opened on Sep 27, 2022 and closed on Sep 29, 2022. 

The following table shows the over subscription by the particular category of investors: