Bookbuilding IPO | ₹21 Cr | Listed at BSE SME | Fri, Apr 28, 2023 - Wed, May 3, 2023
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 per share. The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,24,800 (1600 shares) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Apr 28, 2023
IPO Close
Wed, May 3, 2023
Issue Price
₹78 per share
Market Cap (Pre-IPO)
₹79.74 Cr
| IPO Date | 28 Apr to 3 May, 2023 |
| Listed on | Thu, May 11, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹76 to ₹78 |
| Issue Price | ₹78 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 27,13,600 shares (agg. up to ₹21 Cr) |
| Reserved for Market Maker | 1,36,000 shares Gretex Share Broking Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 25,77,600 shares (agg. up to ₹20 Cr) |
| Net Offered to Public | 25,77,600 shares (agg. up to ₹20 Cr) |
| Share Holding Pre Issue | 75,10,000 shares |
| Share Holding Post Issue | 1,02,23,600 shares |
| BSE Script Code | 543905 |
| ISIN | INE0LDI01022 |
Innokaiz India IPO comprises a total issue size of 27,13,600 shares. The net offer to the public is 25,77,600 shares, after excluding 1,36,000 shares allotted on a firm basis. Of the Net offer 12,88,000 (49.97%) are allocated to QIB, 3,87,200 (15.02%) allocated to NII 9,02,400 (35.01%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 12,88,000 | 49.97% | 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 | 15.02% | 14.27% |
| Retail Shares Offered | 9,02,400 | 35.01% | 33.25% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,36,000 | 5.01% | |
| Total Shares Offered | 27,13,600 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| 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 |
Innokaiz India IPO raises ₹6.03 crore from anchor investors. Innokaiz India IPO Anchor bid date is April 27, 2023.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Apr 27, 2023 |
| Shares Offered | 7,72,800 |
| Anchor Portion (₹ Cr.) | 6.03 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Jun 7, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Aug 6, 2023 |
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 | 31 Oct 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 47.63 | 49.72 | 38.71 | 25.68 |
| Total Income | 148.84 | 286.09 | 185.06 | 138.72 |
| Profit After Tax | 6.10 | 7.92 | 5.09 | 3.62 |
| NET Worth | 24.53 | 18.43 | 10.51 | 5.42 |
| Reserves and Surplus | 17.02 | 18.42 | 10.50 | 5.41 |
| Total Borrowing | 0.94 | 1.32 | 1.04 | 1.11 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirements | 14.00 |
| 2 | General Corporate Purposes | 4.27 |
The Innokaiz India IPO is subscribed 95.08 times on May 3, 2023 7:02:00 PM (Day 3). The public issue subscribed 46.1 times in the retail category, 23.93 times in the QIB category, and 303.92 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 23.93 | 5,15,200 | 1,23,29,600 |
| NII* | 303.92 | 3,87,200 | 11,76,81,600 |
| Retail | 46.1 | 9,02,400 | 4,16,04,800 |
| Total | 95.08 | 18,04,800 | 17,16,16,000 |
Total Application : 28,624
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to the Book Running Lead Manager | 0.20 |
| 2 | Underwriting Fees | 1.28 |
| 3 | Market Making Fees | 0.02 |
| 4 | Fees payable to Registrar to Issue | 0.01 |
| 5 | Fees to Legal Advisor | 0.02 |
| 6 | Advertisement Expenses | 0.04 |
| 7 | Fees payable to Regulators including Stock Exchange | 0.04 |
| 8 | Printing & Distribution Expenses | 0.01 |
| 9 | Marketing & Selling Expenses | 1.28 |
| 10 | Payment to Sponsor Bank | 0.01 |
| 11 | Statutory & Other Reports | 0.02 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹78.00 |
| Open | ₹148.20 |
| Low | ₹148.20 |
| High | ₹155.61 |
| Last Trade | ₹155.61 |
Lead Manager Reports
Innokaiz India IPO is a SME IPO of 27,13,600 equity shares of the face value of ₹10 aggregating up to ₹21 Crores. The issue is priced at ₹78 per share. The minimum order quantity is 1600.
The IPO opens on Fri, Apr 28, 2023, and closes on Wed, 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 Fri, Apr 28, 2023 and closes on Wed, 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 Wed, May 10, 2023. Check the Innokaiz India IPO allotment status.
The Innokaiz India IPO listing date is on Thu, May 11, 2023.
