QYOU Media's ChatterBox completes Bombay listing

Executive Summary

• QYOU Media’s Indian subsidiary, ChatterBox Technologies, completed a successful IPO on the BSE SME platform, raising approximately $6.73 million.
• The issue was 52‑times oversubscribed and closed 17% above the top‑end price, giving the company an initial market cap of about $30 million.
• QYOU Media remains the majority shareholder, positioning it to benefit from the subsidiary’s growth in India’s creator economy.

Key Details

• Offering Size: 3,727,200 equity shares issued at a top‑end price of INR 115 (≈ $1.81) per share.
• Proceeds Raised: INR 42.86 crore (≈ $6,726,000).
• Closing Price Day 2: INR 135 (≈ $2.12), 17% above top‑end pricing.
• Initial Market Capitalisation: Approximately INR 190 crore (≈ $30 million) at market close on day two.
• Trading Volume First Two Days: 2.1 million shares, representing over $4.2 million in value.
• Oversubscription: Book‑building process was 52× oversubscribed.
• Listing Milestone: ChatterBox became the 635th company on BSE SME and the first listed entity in India’s social‑media/influencer‑marketing category.
• Shareholder Structure: QYOU Media Inc. remains the largest and majority shareholder of ChatterBox Technologies.
• Regulatory Trading Caps: Stock movement limited to ±5% for the first 10 trading days, ±10% for the next 10 days, then expanding to ±20%.
• Ceremonial Recognition: Company honored with a closing‑bell ceremony at BSE on opening day.

Notable Quotes

“This represents only the beginning of an exciting new path of growth and success… we have great confidence that investors will see the positive financial impact from what we have been working towards for over a year.” – Curt Marvis, Co‑founder & CEO, QYOU Media / Chairman, ChatterBox Technologies.

“The listing kicks off participation in our expanding business for all of our new investors and supporters in both India and all over the world.” – Raj Mishra, MD & CEO, ChatterBox Technologies.