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Innovana Thinklabs IPO is a fixed price issue of ₹7.70 crores. The issue is entirely a fresh issue of 0.11 crore shares of ₹7.70 crore.
Innovana Thinklabs IPO bidding started from Nov 29, 2017 and ended on Dec 4, 2017. The shares got listed on NSE SME on Dec 12, 2017.
Innovana Thinklabs IPO price is ₹70.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,40,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,80,000.
Swastika Investmart Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Beeline Broking Ltd..
Refer to Innovana Thinklabs IPO RHP for detailed Information.
| IPO Date | November 29, 2017 to December 4, 2017 |
| Listing Date | December 12, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹70 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 11,00,000 shares (aggregating up to ₹7.70 Cr) |
| Reserved for Market Maker | 60,000 shares Beeline Broking Ltd. (aggregating up to ₹0.4200 Cr) |
| Net Offered to Public | 10,40,000 shares (aggregating up to ₹7.28 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 30,00,000 shares |
| Share Holding Post Issue | 41,00,000 shares |
Innovana Thinklabs IPO offers total 11,00,000 shares. Out of which 5,20,000 (47.27%) allocated to NII, 5,20,000 (47.27%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 60,000 (5.45%) |
| NII (HNI) Shares Offered | 5,20,000 (47.27%) |
| Retail Shares Offered | 5,20,000 (47.27%) |
| Total Shares Offered | 11,00,000 (100.00%) |
Innovana Thinklabs IPO opens on November 29, 2017, and closes on December 4, 2017.
| IPO Open Date | Wed, Nov 29, 2017 |
| IPO Close Date | Mon, Dec 4, 2017 |
| Tentative Listing Date | Tue, Dec 12, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Dec 4, 2017 |
Investors can bid for a minimum of 2,000 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 | 2,000 | ₹1,40,000 |
| Retail (Max) | 1 | 2,000 | ₹1,40,000 |
| HNI (Min) | 2 | 4,000 | ₹2,80,000 |
Incorporated in 2015, Innovana Thinklabs Limited (Formerly known as PCVARK Software Limited) is Jaipur, Rajasthan based software and application development company. Innovana design, develop and maintain software systems and solutions, create new applications and enhance the functionality of our customers existing software products. Company's product portfolio includes Ad-blocker, disk cleanup, space reviver, file opener and privacy protector etc.
Innovana Thinklabs has developed number of utilities which are used in 13 different languages and over 126 countries. Innovana employs total of 84 employees (including permanent and on-call software professionals/technicians).
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 25 |
The Company Innovana Thinklabs IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | To Meet Working Capital Requirement | 1.25 |
| 2 | Capital Expenditure | 5.12 |
| 3 | General Corporate Expenses | 0.98 |
[Dilip Davda] Cash surplus investors may consider moderate investment for long term. (High Risk – Low yield). Read detail review...
| Listing Date | December 12, 2017 |
| BSE Script Code | |
| NSE Symbol | INNOVANA |
| ISIN | INE403Y01018 |
| Final Issue Price | ₹70 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹70.00 |
| Open | ₹77.00 |
| Low | ₹75.00 |
| High | ₹84.00 |
| Last Trade | ₹83.60 |
Innovana Thinklabs Ltd.
Plot No. 237A,
Gopal Tower,
Ajmer Road,
Jaipur, Rajasthan, 302006
Phone: +91-141-2362324
Email: info@pcvark.com
Website: http://www.pcvark.com/
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: greivance@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Innovana Thinklabs IPO is a SME IPO of 11,00,000 equity shares of the face value of ₹10 aggregating up to ₹7.70 Crores. The issue is priced at ₹70 per share. The minimum order quantity is 2000.
The IPO opens on November 29, 2017, and closes on December 4, 2017.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Innovana Thinklabs IPO using UPI as a payment gateway. Zerodha customers can apply in Innovana Thinklabs IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Innovana Thinklabs IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Innovana Thinklabs IPO opens on November 29, 2017 and closes on December 4, 2017.
Innovana Thinklabs IPO lot size is 2000, and the minimum amount required for application is ₹1,40,000.
You can apply in Innovana Thinklabs 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 Innovana Thinklabs IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Innovana Thinklabs IPO allotment status.
The Innovana Thinklabs IPO listing date is on Tuesday, December 12, 2017.
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