Digicut Production and Advertising, an advertising and a public relations business, is making sales of 30% of its stake available to the public through the issuance of the IPO and the subsequent listing on the Ghana Alternative Market (GAX).
The IPO is opened from 1st March and closes on 16th March 2018. The company is offering 35.67 million shares at a valuation of GHS0.08 per share to raise GHS2.85 million to pay debts, purchase new equipment and provide working capital as shown below.
DigiCut is a subsidiary of Groupe Nduom (GN), who shall maintain a majority shareholding of 70% of the company post IPO. Its main competitors include Farmhouse Productions and the AdVantange Group as well as outdoor advertising firms such as DDP Outdoor. DigiCut executes the advertising and public relations jobs for subsidiaries of Group Nduom such as GN Bank and FreshPak.
The IPO Prospectus can be found here.
