Info Edge’s Strategic Investment in Printo: A Print-on-Demand Power Move

Startup Investments (Holding) Ltd, a wholly-owned subsidiary of Info Edge (India) Ltd, has committed to investing approximately ₹3.23 crore in Printo Document Services Private Limited, a print-on-demand platform based in Mumbai.

As of March 31, 2024, Printo Document Services Private Limited had a turnover of ₹129.36 crore and operates as an Info Edge (India) Ltd. Associate company, categorising the investment as a Related Party Transaction. However, the promoters of Info Edge (India) Ltd. have no personal interest in this investment. The transaction is conducted at an “arm’s length” basis.

Printo’s core business offers a diverse range of print and corporate merchandise solutions for personal and business needs, including business cards, stationary, apparel, and marketing collaterals, both online and through retail stores. This investment by SIHL aligns with Info Edge’s investment strategy and will help to create long-term value. Additionally, the company is seeking investments from other parties as part of its broader financial investment approach.

Details of Acquisition

Startup Investments (Holding) Ltd. (SIHL), a subsidiary of Info Edge (India) Ltd., is expected to complete the acquisition of Printo Document Services Private Limited within 60 days of approval. The transaction involves a cash consideration of approximately ₹3.23 crore. As the primary acquisition, SIHL will acquire 4,375 – 0.01% Compulsorily Convertible Preference Shares. Hence, it will result in Info Edge holding a 28.82% shareholding on a fully converted and diluted basis post-investment.

About Printo Document Services Private Limited

Established in 2005, Printo specialises in customised printing solutions, including visiting cards, brochures, personalised greeting cards, and marketing collaterals. With a turnover of ₹129.36 crore in the fiscal year 2023-24, Printo has showcased consistent growth over the last three years, with turnovers of ₹141.6 crore in 2022-23 and ₹90.08 crore in 2021-22.

About Info Edge Limited

Info Edge is India’s leading online classified company, boasting a diverse portfolio of brands spanning various sectors. Among its prominent brands are naukri.com, 99acres.com, jeevansathi.com, and shiksha.com.

On May 31, 2024, the share price of Info Edge (India) Ltd closed at ₹5,775.00, touching the day’s high of ₹5,800.00 as of 03:30 PM on the NSE.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.