Digital marketing company, CMRSL listed on NSE; opens with a premium of 43.06%



NNA |
Updated:
October 12, 2022 4:21 p.m. STI

New Delhi [India], Oct 12 (ANI/ATK): Cybermedia Research & Service Limited (CMRSL), one of India’s leading digital marketing companies, listed on the National Stock Exchange (NSE) today. Starting on a positive note, CMRSL’s IPO debuted on NSE at a premium of 43.06%. The listing of its shares on the regulated market of NSE is an important step towards strengthening the future of digital marketing in India.
The advertising technology and data analytics company earlier announced the launch of its initial public offering (IPO) of 7,80,000 shares. The issue with a par value of Rs 10 per share had remained open to investors between 27 and 29 September 2022 to be listed on the National Stock Exchange (NSE) Emerge.
More importantly, the issue was oversubscribed 29.55x times, underlining the positive attitude of investors.
Redefining the digital experience for everyone in the ad tech ecosystem, CMRSL offers exclusive digital marketing solutions using artificial intelligence and machine learning (AI/ML), including CM Galaxy for Advertisers, Cyber ​​Ads for programmatic ads and Auxo Ads for publishers.
CMRSL has four revenue streams: digital marketing, programmatic media buying, publisher monetization, and data analytics, which together form the pillars of the digital marketing landscape.
Highlighting the success of his show, Dhaval Gupta, Managing Director of CMRSL, said:
“Cybermedia Research & Service Limited (CMRSL) is taking a new step in its development by going public. The funds raised will allow us to invest in our innovative technology platform and implement our ambitious strategy to bring new products to our consumers. We are delighted to welcome investors and partners in this new adventure.”
“I would like to thank our teams, who have all shown great commitment in preparing for our IPO and in fulfilling our mission to provide proprietary platforms and solutions that enable advertisers and publishers to matching the right ad with the right user helps drive higher conversions and sales for advertisers and helps publishers earn more,” he added.
With over three decades of experience and over 500 customers, the CyberMedia-backed company is ready to embark on a new journey of growth with this list.
If you want to be part of their growth journey, you can follow their Scrip, “CMRSL” on NSE Emerge and check their progress here: Cyber ​​Media Research & Services Limited Share Price Today, Stock Price, Live NSE News, Quotes, Tips – NSE India

This story was provided by ATK. ANI shall in no way be responsible for the content of this article. (ANI/ATQ)

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