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Innokaiz India IPO is a book build issue of ₹21.17 crores. The issue is entirely a fresh issue of 0.27 crore shares of ₹21.17 crore.
Innokaiz India IPO bidding started from Apr 28, 2023 and ended on May 3, 2023. The allotment for Innokaiz India IPO was finalized on May 8, 2023. The shares got listed on BSE SME on May 11, 2023.
Innokaiz India IPO price band is set at ₹78.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,21,600 (1600 shares). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,49,600.
Gretex Corporate Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Gretex Share Broking Pvt.Ltd..
Refer to Innokaiz India IPO RHP for detailed Information.
| IPO Date | April 28, 2023 to May 3, 2023 |
| Listing Date | May 11, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹76 to ₹78 per share |
| Issue Price Final | ₹78 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 27,13,600 shares (aggregating up to ₹21.17 Cr) |
| Reserved for Market Maker | 1,36,000 shares Gretex Share Broking Pvt.Ltd. (aggregating up to ₹1.06 Cr) |
| Net Offered to Public | 25,77,600 shares (aggregating up to ₹20.11 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 75,10,000 shares |
| Share Holding Post Issue | 1,02,23,600 shares |
Innokaiz India IPO offers total 27,13,600 shares. Out of which 12,88,000 (47.46%) allocated to QIB, 5,15,200 (18.99%) allocated to QIB, 3,87,200 (14.27%) allocated to NII, 9,02,400 (33.25%) allocated to RII and 7,72,800 (28.48%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,36,000 (5.01%) |
| QIB Shares Offered | 12,88,000 (47.46%) |
| − Anchor Investor Shares Offered | 7,72,800 (28.48%) |
| − QIB (Ex. Anchor) Shares Offered | 5,15,200 (18.99%) |
| NII (HNI) Shares Offered | 3,87,200 (14.27%) |
| Retail Shares Offered | 9,02,400 (33.25%) |
| Total Shares Offered | 27,13,600 (100.00%) |
Innokaiz India IPO raises ₹6.03 crore from anchor investors. Innokaiz India IPO Anchor bid date is April 27, 2023. Innokaiz India IPO Anchor Investors list
| Bid Date | April 27, 2023 |
| Shares Offered | 7,72,800 |
| Anchor Portion Size (In Cr.) | 6.03 |
| Anchor lock-in period end date for 50% shares (30 Days) | June 7, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | August 6, 2023 |
Innokaiz India IPO opens on April 28, 2023, and closes on May 3, 2023.
| IPO Open Date | Fri, Apr 28, 2023 |
| IPO Close Date | Wed, May 3, 2023 |
| Tentative Allotment | Mon, May 8, 2023 |
| Initiation of Refunds | Tue, May 9, 2023 |
| Credit of Shares to Demat | Wed, May 10, 2023 |
| Tentative Listing Date | Thu, May 11, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, May 3, 2023 |
Investors can bid for a minimum of 1,600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,24,800 |
| Retail (Max) | 1 | 1,600 | ₹1,24,800 |
| HNI (Min) | 2 | 3,200 | ₹2,49,600 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2013, Innokaiz India Limited provides event management, corporate gifting, advertising, and marketing services through both offline and online formats.
The company's service model is divided into the following categories:
1. Advertising and Marketing Services:
2. Event Management: The company organizes and manages all the requirements for Corporate Events including Meetings, Incentive Programs, and Conferences, Exhibitions (MICE). They arrange events for Banking, Insurance, Asset Management Companies, etc., and have organized over 200 events of various magnitudes so far.
3. Corporate Gifting: The company provides corporate gifting vouchers and customized solutions suitable to all occasions including personalization and providing logo printing as per designs.
4. E-commerce: The company also provides Home Appliances, Electronic Gadgets, Mobiles, Laptops, Toys & day to day needs products through its e-commerce platform.
The company holds World Record for Conducting 15,250 Roadshows/ Lead Generation and Sales Promotion activities.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 2,568.38 | 13,872.44 | 361.55 | 541.93 | 540.93 | 110.60 |
| 31-Mar-21 | 3,871.07 | 18,506.21 | 509.15 | 1,051.09 | 1,050.09 | 103.52 |
| 31-Mar-22 | 4,972.47 | 28,609.09 | 791.63 | 1,842.72 | 1,841.72 | 132.17 |
| 31-Oct-22 | 4,763.15 | 14,883.52 | 610.28 | 2,453.00 | 1,702.00 | 93.62 |
| Amount in ₹ Lakhs | ||||||
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] The company operates in a highly competitive and fragmented segment with many big players around. Though it has posted consistent growth in its top and bottom lines, sustainability amidst high competition remains a major concern. Based on its earnings, the issue appears reasonably priced. Well-informed investors may consider parking of funds for long-term rewards. Read detail review...
| Listing Date | May 11, 2023 |
| BSE Script Code | 543905 |
| NSE Symbol | |
| ISIN | INE0LDI01022 |
| Final Issue Price | ₹78 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹78.00 |
| Open | ₹148.20 |
| Low | ₹148.20 |
| High | ₹155.61 |
| Last Trade | ₹155.61 |
Innokaiz India Ltd.
Door No. 43, Old No. 22,
Real Enclave, Flat No. 1, 4th Floor,
Josier Street, Nungambakkam, Chennai- 600034
Chennai, Tamil Nadu
Phone: 044-28250545
Email: info@innokaiz.com
Website: https://innokaiz.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Innokaiz India IPO is a SME IPO of 27,13,600 equity shares of the face value of ₹10 aggregating up to ₹21.17 Crores. The issue is priced at ₹78 per share. The minimum order quantity is 1600.
The IPO opens on April 28, 2023, and closes on May 3, 2023.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Innokaiz India IPO using UPI as a payment gateway. Zerodha customers can apply in Innokaiz India IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Innokaiz India IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Innokaiz India IPO opens on April 28, 2023 and closes on May 3, 2023.
Innokaiz India IPO lot size is 1600, and the minimum amount required for application is ₹1,24,800.
You can apply in Innokaiz India IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Innokaiz India IPO will be done on Monday, May 8, 2023, and the allotted shares will be credited to your demat account by Wednesday, May 10, 2023. Check the Innokaiz India IPO allotment status.
The Innokaiz India IPO listing date is on Thursday, May 11, 2023.
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