Fixed Price IPO | ₹8 Cr | Listed at BSE SME | Tue, Jul 25, 2023 - Thu, Jul 27, 2023
Innovatus Entertainment Networks IPO is a fixed price issue of ₹7.74 crores. The issue is entirely a fresh issue of 0.15 crore shares of ₹7.74 crore.
Innovatus Entertainment Networks IPO bidding started from Jul 25, 2023 and ended on Jul 27, 2023. The allotment for Innovatus Entertainment Networks IPO was finalized on Aug 1, 2023. The shares got listed on BSE SME on Aug 4, 2023.
Innovatus Entertainment Networks IPO price is ₹50 per share. The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,50,000 (3000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (6,000 shares), amounting to ₹3,00,000.
Inventure Merchant Banker Services Pvt.Ltd. is the book running lead manager and Purva Sharegistry (India) Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Pure Broking Pvt.Ltd..
Refer to Innovatus Entertainment Networks IPO RHP for detailed Information.
IPO Open
Tue, Jul 25, 2023
IPO Close
Thu, Jul 27, 2023
Issue Price
₹50 per share
Market Cap (Pre-IPO)
₹19.79 Cr
| IPO Date | 25 to 27 Jul, 2023 |
| Listed on | Fri, Aug 4, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹50 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 15,48,000 shares (agg. up to ₹8 Cr) |
| Reserved for Market Maker | 78,000 shares Pure Broking Pvt.Ltd. (agg. up to ₹0.3900 Cr) |
| Fresh Issue (Ex Market Maker) | 14,70,000 shares (agg. up to ₹7 Cr) |
| Net Offered to Public | 14,70,000 shares (agg. up to ₹7 Cr) |
| Share Holding Pre Issue | 24,10,000 shares |
| Share Holding Post Issue | 39,58,000 shares |
| BSE Script Code | 543951 |
| ISIN | INE0LYO01018 |
Innovatus Entertainment Networks IPO comprises a total issue size of 15,48,000 shares. The net offer to the public is 14,70,000 shares, after excluding 78,000 shares allotted on a firm basis. Of the Net offer 7,35,000 (50.00%) allocated to NII 7,35,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 7,35,000 | 50.00% | 47.48% |
| Retail Shares Offered | 7,35,000 | 50.00% | 47.48% |
| Firm Reservations | |||
| Market Maker Shares Offered | 78,000 | 5.04% | |
| Total Shares Offered | 15,48,000 | 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 | ₹1,50,000 |
| Retail (Max) | 1 | 3,000 | ₹1,50,000 |
| HNI (Min) | 2 | 6,000 | ₹3,00,000 |
Incorporated in 2012, Innovatus Entertainment Networks Limited offers all the Direct marketing solutions- Management, CRM, B2B and B2C, Activations, and Exhibitions. The company offers services such as Event Management, Activations, and Exhibitions including services like Event Co-ordination, Pre and Post event Publicity, Production, Printing and Distribution, Venue Research and Booking, Staffing, Guest speakers, Celebrity Management, Transport, Accommodation and Catering, Translators, On-site management, Most advanced technical support, and School/college activation. Mall promotion, Society promotion, Event Production, Exhibition, Design and Fabrication, Semi and Permanent Displays, Electrical Construction and Consultation, Graphic illustration and Production, Lighting, Semi, and Permanent Sign age and Bill Board, Lettering, Global Exhibit Management and Custom and System Rental Program.
Competitive Strengths:
1. Creative activations and lateral approach to innovative concepts and their flawless execution.
2. Engage Partnership & Sponsorship.
3. Focus on clients.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 8.23 | 5.31 | 5.98 | 4.49 |
| Total Income | 10.94 | 7.88 | 7.84 | 10.42 |
| Profit After Tax | 0.48 | 0.30 | 0.33 | 0.29 |
| NET Worth | 4.83 | 2.35 | 2.05 | 1.72 |
| Reserves and Surplus | 2.42 | 0.34 | 2.04 | 1.71 |
| Total Borrowing | 1.52 | 1.52 | 1.52 | 0.00 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Augmenting additional working capital requirements | 2.88 |
| 2 | Purchase of Exhibition Related Material | 2.64 |
| 3 | General Corporate Purposes | 1.52 |
| KPI | |
|---|---|
| ROE | 9.98% |
| ROCE | 11.32% |
| Debt/Equity | 0.32 |
| RoNW | 9.98% |
| PAT Margin | 4.41% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 2.00 | |
| P/E (x) | 41 | |
| Promoter Holding | 99.97% | 60.87% |
| Market Cap | ₹19.79 Cr. |
The Innovatus Entertainment Networks IPO is subscribed 105.21 times on July 27, 2023 7:02:00 PM (Day 3). The public issue subscribed 150.5 times in the retail category, [.] times in the QIB category, and 56.58 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 56.58 | 7,35,000 | 4,15,89,000 |
| Retail | 150.5 | 7,35,000 | 11,06,19,000 |
| Total | 105.21 | 14,70,000 | 15,46,56,000 |
Total Application : 38,990
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including, underwriting, and selling commissions, brokerages, Advisors to the Company, payment to other intermediaries such as Legal Advisors, Registrars etc. and other out of pocket expenses. | 0.54 |
| 2 | Advertising and marketing expenses | 0.03 |
| 3 | Printing and stationery expenses, distribution, and postage | 0.04 |
| 4 | ROC, Regulatory and other expenses including Listing Fee | 0.10 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹50.00 |
| Open | ₹50.00 |
| Low | ₹47.50 |
| High | ₹50.00 |
| Last Trade | ₹48.96 |
Purva Sharegistry (India) Pvt.Ltd.
Lead Manager Reports
Innovatus Entertainment Networks IPO is a SME IPO of 15,48,000 equity shares of the face value of ₹10 aggregating up to ₹8 Crores. The issue is priced at ₹50 per share. The minimum order quantity is 3000.
The IPO opens on Tue, Jul 25, 2023, and closes on Thu, Jul 27, 2023.
Purva Sharegistry (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 Innovatus Entertainment Networks IPO using UPI as a payment gateway. Zerodha customers can apply in Innovatus Entertainment Networks IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Innovatus Entertainment Networks IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Innovatus Entertainment Networks IPO opens on Tue, Jul 25, 2023 and closes on Thu, Jul 27, 2023.
Innovatus Entertainment Networks IPO lot size is 3000, and the minimum amount required for application is ₹1,50,000.
You can apply in Innovatus Entertainment Networks 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 Innovatus Entertainment Networks IPO will be done on Tuesday, August 1, 2023, and the allotted shares will be credited to your demat account by Thu, Aug 3, 2023. Check the Innovatus Entertainment Networks IPO allotment status.
The Innovatus Entertainment Networks IPO listing date is on Fri, Aug 4, 2023.
