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Innovators Facade Systems IPO is a book build issue of ₹40.76 crores. The issue is entirely a fresh issue of 0.57 crore shares of ₹40.76 crore.
Innovators Facade Systems IPO bidding started from May 14, 2018 and ended on May 16, 2018. The shares got listed on BSE SME on May 24, 2018.
Innovators Facade Systems IPO price band is set at ₹72.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,13,600 (1600 shares). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,30,400.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Innovators Facade Systems IPO RHP for detailed Information.
| IPO Date | May 14, 2018 to May 16, 2018 |
| Listing Date | May 24, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹71 to ₹72 per share |
| Issue Price Final | ₹72 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 56,60,800 shares (aggregating up to ₹40.76 Cr) |
| Reserved for Market Maker | 2,88,000 shares (aggregating up to ₹2.07 Cr) |
| Net Offered to Public | 53,72,800 shares (aggregating up to ₹38.68 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,32,07,008 shares |
| Share Holding Post Issue | 1,88,67,808 shares |
Innovators Facade Systems IPO offers total 56,60,800 shares. Out of which 26,84,800 (47.43%) allocated to QIB, 10,75,200 (18.99%) allocated to QIB, 8,06,400 (14.25%) allocated to NII, 18,81,600 (33.24%) allocated to RII and 16,09,600 (28.43%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,88,000 (5.09%) |
| QIB Shares Offered | 26,84,800 (47.43%) |
| − Anchor Investor Shares Offered | 16,09,600 (28.43%) |
| − QIB (Ex. Anchor) Shares Offered | 10,75,200 (18.99%) |
| NII (HNI) Shares Offered | 8,06,400 (14.25%) |
| Retail Shares Offered | 18,81,600 (33.24%) |
| Total Shares Offered | 56,60,800 (100.00%) |
Innovators Facade Systems IPO opens on May 14, 2018, and closes on May 16, 2018.
| IPO Open Date | Mon, May 14, 2018 |
| IPO Close Date | Wed, May 16, 2018 |
| Tentative Listing Date | Thu, May 24, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, May 16, 2018 |
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 | ₹1,15,200 |
| Retail (Max) | 1 | 1,600 | ₹1,15,200 |
| HNI (Min) | 2 | 3,200 | ₹2,30,400 |
Incorporated in 1999, Maharastra based Innovators Façade Systems Limited is a company engaged in designing, engineering, fabrication, and installation of façade systems. The company offers total solutions to its customers with respect to their requirement of façade installation in complex projects. It specializes in technically demanding facades. With an operating history of more than eighteen years, the company has developed a brand image in the façade industry.
The manufacturing facility of Innovators is situated at Wada, Maharashtra and is spread over 1,25,000 square feet. The product basket ranges from glazing /curtain walls, high-end doors & windows, skylights, canopies, frameless glazing, MS structures, stone cladding, metal cladding, roofing, & others. The registered office of the Company is situated at Mumbai and it has 7 branch offices across India.
Innovators Facade has a widespread presence and is executing projects in various states such as Maharashtra, Goa, Haryana, Karnataka, Tamil Nadu, Uttar Pradesh and West Bengal. The company has executed around 200 projects and has long-standing reputed clients across the construction industry. It has offered its services for varied type of construction projects including residential buildings, commercial complexes, IT Parks, airports, retail and pharma projects. The company has a recognized list of clients including M/s. Hiranandani Realtors Pvt. Ltd., M/s. Relcon Infraprojects Limited, M/s. Larsen & Toubro Limited, M/s. Grauer & Weil (I) Limited etc. among others.
The current manpower strength is 198 employees out of which the company has 76 personnel including Executive directors, accountants, administrative executives, supervisors, Estimation and designer, 6 business development, marketing and sales personnel and 6 employees in the purchase department.
| Particulars | For the year/period ended (in Rs. Millions) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 13,873.29 | 12,817.78 | 12,607.20 | 11,671.62 | 9,936.60 | |
| Total Revenue | 10,235.96 | 9,438.88 | 9,204.92 | 7,734.81 | 7,833.22 | |
| Profit After Tax | 186.01 | 167.64 | 316.76 | 269.24 | 232.48 | |
The Company Innovators Facade Systems 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 | Upgradation and modernization of existing manufacturing facility | 10.72 |
| 2 | Funding the working capital requirements of the Company | 20.00 |
| 3 | General corporate purposes | 5.79 |
[Dilip Davda] <p>Although company posted rising trends for top lines for last five fiscals, sudden drop in bottom lines for FY16 and FY17 and spectacular rise for first nine months of FY18 raises concern on sustainability. It is aggressively priced offer based on its performance so far. Investors may consider investment at their own risk.</p> Read detail review...
| Listing Date | May 24, 2018 |
| BSE Script Code | 541353 |
| NSE Symbol | |
| ISIN | INE870Z01015 |
| Final Issue Price | ₹72 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹72.00 |
| Open | ₹72.00 |
| Low | ₹69.00 |
| High | ₹75.60 |
| Last Trade | ₹75.60 |
Innovators Facade Systems Ltd.
204, B-65, Sector No 1,
Shanti Nagar, Mira Road (East),
Thane- 401107
Thane, Maharashtra
Phone: 022- 28132151
Email: investors@innovators.in
Website: http://www.innovators.in
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: innovators.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Innovators Facade Systems IPO is a SME IPO of 56,60,800 equity shares of the face value of ₹10 aggregating up to ₹40.76 Crores. The issue is priced at ₹72 per share. The minimum order quantity is 1600.
The IPO opens on May 14, 2018, and closes on May 16, 2018.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Innovators Facade Systems IPO using UPI as a payment gateway. Zerodha customers can apply in Innovators Facade Systems IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Innovators Facade Systems IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Innovators Facade Systems IPO opens on May 14, 2018 and closes on May 16, 2018.
Innovators Facade Systems IPO lot size is 1600, and the minimum amount required for application is ₹1,15,200.
You can apply in Innovators Facade Systems 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 Innovators Facade Systems IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Innovators Facade Systems IPO allotment status.
The Innovators Facade Systems IPO listing date is on Thursday, May 24, 2018.
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