Bookbuilding IPO | ₹12 Cr | Listed at BSE SME | Mon, Sep 24, 2018 - Wed, Sep 26, 2018
Innovative Ideals IPO is a book build issue of ₹12.26 crores. The issue is entirely a fresh issue of 0.31 crore shares of ₹12.26 crore.
Innovative Ideals IPO bidding started from Sep 24, 2018 and ended on Sep 26, 2018. The allotment for Innovative Ideals IPO was finalized on Oct 1, 2018. The shares got listed on BSE SME on Oct 5, 2018.
Innovative Ideals IPO price band is set at ₹40 per share. The lot size for an application is 3,000. The minimum amount of investment required by an retail is ₹1,20,000 (3000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (6,000 shares), amounting to ₹2,40,000.
Pantomath Capital Advisors Pvt.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 Pantomath Stock Brokers Pvt.Ltd..
Refer to Innovative Ideals IPO RHP for detailed Information.
IPO Open
Mon, Sep 24, 2018
IPO Close
Wed, Sep 26, 2018
Issue Price
₹40 per share
Market Cap (Pre-IPO)
₹45.52 Cr
| IPO Date | 24 to 26 Sep, 2018 |
| Listed on | Fri, Oct 5, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹36 to ₹40 |
| Issue Price | ₹40 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 30,66,000 shares (agg. up to ₹12 Cr) |
| Reserved for Market Maker | 1,56,000 shares Pantomath Stock Brokers Pvt.Ltd. (agg. up to ₹0.6240 Cr) |
| Fresh Issue (Ex Market Maker) | 29,10,000 shares (agg. up to ₹12 Cr) |
| Net Offered to Public | 29,10,000 shares (agg. up to ₹12 Cr) |
| Share Holding Pre Issue | 83,14,169 shares |
| Share Holding Post Issue | 1,13,80,169 shares |
| BSE Script Code | 541983 |
| ISIN | INE492Y01011 |
Innovative Ideals IPO comprises a total issue size of 30,66,000 shares. The net offer to the public is 29,10,000 shares, after excluding 1,56,000 shares allotted on a firm basis. Of the Net offer 14,55,000 (50.00%) allocated to NII 14,55,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 14,55,000 | 50.00% | 47.46% |
| Retail Shares Offered | 14,55,000 | 50.00% | 47.46% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,56,000 | 5.09% | |
| Total Shares Offered | 30,66,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,20,000 |
| Retail (Max) | 1 | 3,000 | ₹1,20,000 |
| HNI (Min) | 2 | 6,000 | ₹2,40,000 |
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.
| 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 | Funding the working capital requirements of the Company | 8.92 |
| 2 | General Corporate Purpose | 2.34 |
The Innovative Ideals IPO is subscribed 1.3 times on September 26, 2018 6:49:01 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.01 | 14,55,500 | 14,76,000 |
| Retail | 1.58 | 14,55,500 | 23,04,000 |
| Total | 1.3 | 29,11,000 | 37,80,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Bankers etc. | 0.40 |
| 2 | Regulatory fees | 0.06 |
| 3 | Marketing and Other Expenses | 0.54 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹40.00 |
| Open | ₹43.00 |
| Low | ₹40.90 |
| High | ₹45.15 |
| Last Trade | ₹45.15 |
Lead Manager Reports
Innovative Ideals IPO is a SME IPO of 30,66,000 equity shares of the face value of ₹10 aggregating up to ₹12 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000.
The IPO opens on Mon, Sep 24, 2018, and closes on Wed, Sep 26, 2018.
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 Innovative Ideals IPO using UPI as a payment gateway. Zerodha customers can apply in Innovative Ideals IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Innovative Ideals IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Innovative Ideals IPO opens on Mon, Sep 24, 2018 and closes on Wed, Sep 26, 2018.
Innovative Ideals IPO lot size is 3000, and the minimum amount required for application is ₹1,20,000.
You can apply in Innovative Ideals 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 Innovative Ideals IPO will be done on Monday, October 1, 2018, and the allotted shares will be credited to your demat account by Thu, Oct 4, 2018. Check the Innovative Ideals IPO allotment status.
The Innovative Ideals IPO listing date is on Fri, Oct 5, 2018.
