QYOU Media Subsidiary Chatterbox Technologies Completes Successful India IPO

Executive Summary

• QYOU Media’s Indian subsidiary, ChatterBox Technologies, completed a successful IPO on the BSE SME platform, raising approximately CAD 6.73 million.
• The issue was 52× oversubscribed and closed 17% above the top‑end price after two trading days, giving the company a market capitalization of roughly CAD 30 million.
• Over 2.1 million shares traded in the first two days, representing more than CAD 4.2 million of investor demand.

Key Details

• Offering size: 3,727,200 equity shares at an issue price of INR 115 (≈ CAD 1.81) per share; final closing price INR 135 (≈ CAD 2.12).
• Gross proceeds: INR 42.86 crore (≈ CAD 6,726,000).
• Oversubscription: 52× demand during book‑building.
• Trading activity: 2.1 million shares traded in the first two days; trading volume ≈ CAD 4.2 million.
• Market cap post‑IPO: INR 190 crore (≈ CAD 30 million).
• Shareholder structure: QYOU Media remains the largest and majority shareholder of ChatterBox Technologies.
• Regulatory limits: Stock price movement capped at ±5% for the first 10 trading days, ±10% for the next 10 days, then expanding to ±20%.
• Milestones: First influencer/social‑media company listed on India’s SME platform; 635th company overall on BSE SME.

Notable Quotes

“This represents only the beginning of an exciting new path of growth and success…We remain laser focused on building upon what is working from a growth and bottom line perspective.” – Curt Marvis, Co‑Founder & CEO of QYOU Media and Chairman of ChatterBox Technologies.