Cash Ur Drive Marketing Limited IPO

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Cash Ur Drive Marketing Limited, originally incorporated as Cash Ur Drive Marketing Private Limited on July 06, 2009, is a leading Out-of-Home (OOH) advertising and media solutions provider in India. The company transitioned into a public limited entity on December 01, 2023. With over a decade of experience, Cash Ur Drive has evolved from a transit media startup into a full-service OOH advertising firm offering transit, outdoor, print, digital media, and EV-based branding solutions.

Business Model and Operations

The company’s business model is centered around securing advertising rights across various media platforms, operating under two key models:

a) Trade Media Model: Acquiring ad space from third-party media owners.
b) Exclusive Media Model: Directly obtaining media rights through tenders and long-term agreements, reducing intermediary costs.

Over time, the company has strategically shifted toward the exclusive media model, enhancing profitability and operational control.

Service Offerings

a) Transit Media Advertising: Includes cab, bus, auto hood, and fleet branding with full/partial wraps, in-cab ads, and EV vehicle promotions.
b) Outdoor Advertising: Covers billboards, digital wall paintings, free-standing panels, digital screens, and branding on EV charging stations.
c) Print Media Advertising: Ad placements in national, regional, and trade-specific newspapers and magazines.
d) Digital Media Advertising: Online brand promotion through websites, digital content, and streaming platforms.
e) 360-Degree Campaigns: Comprehensive campaigns combining transit, outdoor, print, and digital media for maximum brand impact.

Expansion into EV Infrastructure

In line with India’s growing electric mobility ecosystem, the company has diversified into EV charging station and battery swapping station setup, complemented by exclusive advertising rights on these assets.

Key Projects Secured: 68 EV Charging Stations in Delhi (with 10-year ad rights), 15 Charging + 19 Swapping Stations in Chandigarh, 10 Charging Stations in Dehradun – with ad rights and 5 Charging Stations in Agra

These projects are being executed in partnership with Cash Ur Drive Electric Vehicles Private Limited (a promoter group entity) under a revenue-sharing model.

Competitive Strengths

i) First-Mover Advantage in EV Ad Space: Exclusive rights on charging/swapping stations.
ii) Diversified Media Portfolio: From cabs to charging stations, covering all OOH formats.
iii) Pan-India Presence: Geographic spread through operational branches and project locations.
iv) Cost-Effective Exclusive Rights Model: Higher margins and operational efficiency.
v) Technological Integration: Use of digital screens, analytics, and digital wall printing.

Objects of the Cash Ur Drive Marketing Limited IPO:

Company proposes to utilize the funds towards funding the following objects: 1. For Investment in Technology (₹5.31 crore) 2. Capital expenditure requirements of the Company (₹5.97 crore) 3. Working Capital Requirements (₹33 crore) 4. General Corporate Purposes

Cash Ur Drive Marketing Limited IPO Details:

Open Date: Jul 31 2025
Close Date: Aug 04 2025
Total Shares: 46,76,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Book Building
Issue Size: 60.79 Cr.
Lot Size: 1000 Shares
Issue Price: ₹ 123-130 Per Equity Share
Listing At: NSE Emerge

Promoters And Management:

1. Mr. Raghu Khanna, aged 40, is the Promoter, Chairman, and Managing Director of the Company. An alumnus of IIT Guwahati with a B.Tech in Electronics & Communication Engineering, he has over 15 years of experience in marketing, advertising, and branding. He oversees overall business operations, project sourcing, and strategic expansion. Mr. Khanna has been featured in Silicon India and India Today, and was recognized by Young Biz Times for his contributions. 2. Ms. Parveen K. Khanna, aged 70, is the Promoter and Whole-Time Director of the Company. She holds M.A. and M.Phil degrees from Punjab University, Chandigarh, and brings 15 years of experience in marketing and communication. She is actively involved in the day-to-day operations of the Company. 3. Mr. Bhupinder Kumar Khanna,aged 72, is the Promoter and Non-Executive, Non-Independent Director of the Company. He holds a Master’s degree from Himachal Pradesh University and brings 38 years of academic experience as a professor at the same institution.

Financials of Cash Ur Drive Marketing Limited IPO:

Particulars FY 2024-25 FY 2023-2024 FY 2022-2023
Revenue from Operations 139.32 93.75 79.80
EBITDA 20.67 8.8 5.42
EBITDA Margins 14.84% 9.39% 6.83%
PAT 17.67 9.21 5.14
PAT Margins 12.68% 9.82% 6.44%
ROCE 41.55% 52.49% 36.45%
Debt to Equity Ratio(In Times) 0 0.02 0.35
Operating Cash Flow -14.39 24.02 -0.35

Comparison With Peers:

Companies Revenue (in cr) EBITDA Margins PAT Margins ROCE D/E Ratio MCap (in cr) P/E
Cash UR Drive Marketing Limited 139.32 14.84% 12.68% 41.55% 0 229.39 12.98
DAPS Advertising Limited 19.1 7.18% 6.24% 9.90% 0.01 ~11.8 9.92
Bright Outdoor Media Limited 127 20.60% 15.00% 15.70% 0 812 42.6

Lead Manager of Cash Ur Drive Marketing Limited IPO:

  1. Narnolia Financial Services Ltd

Registrar of Cash Ur Drive Marketing Limited IPO:

  1. Bigshare Services Private Limited

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