Fixed Price IPO | ₹8 Cr | Listed at NSE SME | Wed, Nov 29, 2017 - Mon, Dec 4, 2017
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Nov 29, 2017
IPO Close
Mon, Dec 4, 2017
Issue Price
₹70 per share
Market Cap (Pre-IPO)
₹28.70 Cr
| IPO Date | 29 Nov to 4 Dec, 2017 |
| Listed on | Tue, Dec 12, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹70 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 11,00,000 shares (agg. up to ₹8 Cr) |
| Reserved for Market Maker | 60,000 shares Beeline Broking Ltd. (agg. up to ₹0.4200 Cr) |
| Fresh Issue (Ex Market Maker) | 10,40,000 shares (agg. up to ₹7 Cr) |
| Net Offered to Public | 10,40,000 shares (agg. up to ₹7 Cr) |
| Share Holding Pre Issue | 30,00,000 shares |
| Share Holding Post Issue | 41,00,000 shares |
| NSE Symbol | INNOVANA |
| ISIN | INE403Y01018 |
Innovana Thinklabs IPO comprises a total issue size of 11,00,000 shares. The net offer to the public is 10,40,000 shares, after excluding 60,000 shares allotted on a firm basis. Of the Net offer 5,20,000 (50.00%) allocated to NII 5,20,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 5,20,000 | 50.00% | 47.27% |
| Retail Shares Offered | 5,20,000 | 50.00% | 47.27% |
| Firm Reservations | |||
| Market Maker Shares Offered | 60,000 | 5.45% | |
| Total Shares Offered | 11,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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).
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet Working Capital Requirement | 1.25 |
| 2 | Capital Expenditure | 5.12 |
| 3 | General Corporate Expenses | 0.98 |
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 25 | |
| Market Cap | ₹28.70 Cr. |
The Innovana Thinklabs IPO is subscribed [.] times on December 4, 2017 5:00:00 PM (Day 3). The public issue subscribed [.] times in the retail category, [.] times in the QIB category, and [.] times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | [.] | 5,50,000 | 13,04,000 |
| Retail | [.] | 5,50,000 | 14,38,000 |
| Total | [.] | 11,00,000 | 27,42,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including underwriting and selling commissions, brokerages, payment to other intermediaries such as Legal Advisors, Registrars, etc | 0.28 |
| 2 | Printing and Stationery and postage expenses | 0.01 |
| 3 | Advertising and Marketing expenses | 0.01 |
| 4 | Statutory expenses | 0.05 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹70.00 |
| Open | ₹77.00 |
| Low | ₹75.00 |
| High | ₹84.00 |
| Last Trade | ₹83.60 |
Lead Manager Reports
Innovana Thinklabs IPO is a SME IPO of 11,00,000 equity shares of the face value of ₹10 aggregating up to ₹8 Crores. The issue is priced at ₹70 per share. The minimum order quantity is 2000.
The IPO opens on Wed, Nov 29, 2017, and closes on Mon, Dec 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 Wed, Nov 29, 2017 and closes on Mon, Dec 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 Tue, Dec 12, 2017.
