Bookbuilding IPO | ₹41 Cr | Listed at BSE SME | Mon, May 14, 2018 - Wed, May 16, 2018
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 per share. The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,15,200 (1600 shares) (based on upper price). The minimum lot size for investment in 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 Open
Mon, May 14, 2018
IPO Close
Wed, May 16, 2018
Issue Price
₹72 per share
Market Cap (Pre-IPO)
₹135.85 Cr
| IPO Date | 14 to 16 May, 2018 |
| Listed on | Thu, May 24, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹71 to ₹72 |
| Issue Price | ₹72 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 56,60,800 shares (agg. up to ₹41 Cr) |
| Reserved for Market Maker | 2,88,000 shares (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 53,72,800 shares (agg. up to ₹39 Cr) |
| Net Offered to Public | 53,72,800 shares (agg. up to ₹39 Cr) |
| Share Holding Pre Issue | 1,32,07,008 shares |
| Share Holding Post Issue | 1,88,67,808 shares |
| BSE Script Code | 541353 |
| ISIN | INE870Z01015 |
Innovators Facade Systems IPO comprises a total issue size of 56,60,800 shares. The net offer to the public is 53,72,800 shares, after excluding 2,88,000 shares allotted on a firm basis. Of the Net offer 26,84,800 (49.97%) are allocated to QIB, 8,06,400 (15.01%) allocated to NII 18,81,600 (35.02%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 26,84,800 | 49.97% | 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 | 15.01% | 14.25% |
| Retail Shares Offered | 18,81,600 | 35.02% | 33.24% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,88,000 | 5.09% | |
| Total Shares Offered | 56,60,800 | 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 | ₹1,15,200 |
| 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.
| 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 | 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 |
The Innovators Facade Systems IPO is subscribed 23.45 times on May 16, 2018 5:00:00 PM (Day 3). The public issue subscribed 13.85 times in the retail category, [.] times in the QIB category, and 28.18 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 28.18 | 26,86,400 | 7,57,12,000 |
| Retail | 13.85 | 26,86,400 | 3,72,19,200 |
| Total | 23.45 | 53,72,800 | 12,60,00,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to Book Running Lead Manager (including Underwriting commission) | 3.72 |
| 2 | Brokerage and selling commission payable to Syndicate | 0.04 |
| 3 | Brokerage and selling commission payable to Registered Brokers | 0.02 |
| 4 | Processing fees to SCSBs for ASBA Applications procured by the members of the Syndicate or Registered Brokers and submitted with the SCSBs | 0.02 |
| 5 | Others (listing fees, legal fees, advertising, marketing, stationery charges, bankers to the Issue, auditor’s fees, etc) | 0.45 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹72.00 |
| Open | ₹72.00 |
| Low | ₹69.00 |
| High | ₹75.60 |
| Last Trade | ₹75.60 |
Lead Manager Reports
Innovators Facade Systems IPO is a SME IPO of 56,60,800 equity shares of the face value of ₹10 aggregating up to ₹41 Crores. The issue is priced at ₹72 per share. The minimum order quantity is 1600.
The IPO opens on Mon, May 14, 2018, and closes on Wed, 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 Mon, May 14, 2018 and closes on Wed, 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 Thu, May 24, 2018.
