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Innovative Ideals IPO is a book built issue of Rs 12.26 crores.
Innovative Ideals IPO bidding started from September 24, 2018 and ended on September 26, 2018. The allotment for Innovative Ideals IPO was finalized on Monday, October 1, 2018. The shares got listed on BSE SME on October 5, 2018.
Innovative Ideals IPO price band is set at ₹36 to ₹40 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹120,000.
Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the Innovative Ideals IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Innovative Ideals IPO RHP for detailed information.
| IPO Date | September 24, 2018 to September 26, 2018 |
| Listing Date | October 5, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹36 to ₹40 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 3,066,000 shares (aggregating up to ₹12.26 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 8,314,169 |
| Share holding post issue | 11,380,169 |
| Market Maker portion | 155,000 shares |
Innovative Ideals IPO offers 3,066,000 shares. 1,455,500 (47.47%) to NII, 1,455,500 (47.47%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 155,000 (5.06%) |
| NII (HNI) Shares Offered | 1,455,500 (47.47%) |
| Retail Shares Offered | 1,455,500 (47.47%) |
| Total Shares Offered | 3,066,000 (100%) |
Innovative Ideals IPO opens on September 24, 2018, and closes on September 26, 2018.
| IPO Open Date | Monday, September 24, 2018 |
| IPO Close Date | Wednesday, September 26, 2018 |
| Basis of Allotment | Monday, October 1, 2018 |
| Initiation of Refunds | Wednesday, October 3, 2018 |
| Credit of Shares to Demat | Thursday, October 4, 2018 |
| Listing Date | Friday, October 5, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 26, 2018 |
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹120,000 |
| Retail (Max) | 1 | 3000 | ₹120,000 |
| Lot Size Calculator | |||
Incorporated in 2000, Mumbai based Innovative Ideals and Services (India) Limited is a company engaged in the business of providing services of System Integration for security, safety and building automation and installation of various electronics systems.
The company provides a wide range of services in security and electronic systems, like Home Automation Systems, Access Controls, Video Door Phone, Audio Door Phone, CCTV Systems, Intrusion Alarm System, Fire Alarm Systems and Telecom Products. The company caters to the residential construction industry in a B2B segment.
Innovative provides Video Door Phones under its own brand names, "Onyx" and "Inok" and Home automation solutions under the brand name of "eHomes".
The Company introduced Fibre to the Home (FTTH) solutions that allow multiple Internet Service Providers (ISPs) to use a single fiber cable to provide their services.
As part of his expansion, the Company has developed 2 innovative products, "Savior" and "ArmHer", in the B2C segments. The products address the safety needs of children, women and senior citizens. It has also launched basic feature mobile phones "Inoyo".
Innovative is an authorized distributor of FERMAX Electronica S.A.U. for their products FERMAX Audio/Video Door Entry System. The company has also entered into an agreement with Tata Sky Broadband Private Limited for the provision of broadband services from March 15, 2018, to March 14, 2023.
The company has 2 warehouse facilities in Mumbai.
Between 2014-15 to 2017-18-
- Total revenue grew from 1245.07 to 2031.84.
- EBITDA grew from 103.70 to 487.70.
- PAT grew from 15.56 to 308.79
Innovative has 67 employees on its payroll.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | ||
| Total Assets | 3,479.82 | 2,287.04 | 2081.86 | 2,355.01 | 4,774.17 | |
| Total Revenue | 2,031.84 | 1,074.57 | 1,217.81 | 1,245.07 | 1,281.61 | |
| Profit After Tax | 308.79 | 96.76 | 1.36 | 15.56 | 50.26 | |
The objects of the issue are-
1. Funding the Working Capital requirements
2. General Corporate Purposes.
[Dilip Davda]
With the given financial performance so far, issue appears fully priced. Cash surplus investors may consider investment for long term.
Read detail review...The Innovative Ideals IPO is subscribed 1.30 times on September 26, 2018 6:49:01 PM. The public issue subscribed 1.58 times in the retail category, times in the QIB category, and 1.01 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 1.01 |
| Retail | 1.58 |
| Total | 1.30 |
| Listing Date | October 5, 2018 |
| BSE Script Code | 541983 |
| NSE Symbol | |
| ISIN | INE492Y01011 |
| Final Issue Price | ₹40 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹40.00 |
| ₹43.00 |
| ₹40.90 |
| ₹45.15 |
| ₹45.15 |
Innovative Ideals and Services (India) Limited
E- 202, 2nd floor, Skypark,
Near Oshiwara Garden, Off Ajit Glass Road
Oshiwara, Goregoan (W), Mumbai-400104
Phone: .: +91 022-6739 2121
Email: investors@innovative.in
Website: http://www.innovative.in
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Innovative Ideals IPO is a SME IPO of 3,066,000 equity shares of the face value of ₹10 aggregating up to ₹12.26 Crores. The issue is priced at ₹36 to ₹40 per share. The minimum order quantity is 3000 Shares.
The IPO opens on September 24, 2018, and closes on September 26, 2018.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Innovative Ideals IPO opens on September 24, 2018 and closes on September 26, 2018.
Innovative Ideals IPO lot size is 3000 Shares, and the minimum amount required is ₹120,000.
You can apply in Innovative Ideals IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Innovative Ideals IPO will be done on Monday, October 1, 2018, and the allotted shares will be credited to your demat account by Thursday, October 4, 2018. Check the Innovative Ideals IPO allotment status.
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