Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
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 ₹50.00 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). The minimum lot size investment for 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 Date | July 25, 2023 to July 27, 2023 |
| Listing Date | August 4, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹50 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 15,48,000 shares (aggregating up to ₹7.74 Cr) |
| Reserved for Market Maker | 78,000 shares Pure Broking Pvt.Ltd. (aggregating up to ₹0.3900 Cr) |
| Net Offered to Public | 14,70,000 shares (aggregating up to ₹7.35 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 24,10,000 shares |
| Share Holding Post Issue | 39,58,000 shares |
Innovatus Entertainment Networks IPO offers total 15,48,000 shares. Out of which 7,35,000 (47.48%) allocated to NII, 7,35,000 (47.48%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 78,000 (5.04%) |
| NII (HNI) Shares Offered | 7,35,000 (47.48%) |
| Retail Shares Offered | 7,35,000 (47.48%) |
| Total Shares Offered | 15,48,000 (100.00%) |
Innovatus Entertainment Networks IPO opens on July 25, 2023, and closes on July 27, 2023.
| IPO Open Date | Tue, Jul 25, 2023 |
| IPO Close Date | Thu, Jul 27, 2023 |
| Tentative Allotment | Tue, Aug 1, 2023 |
| Initiation of Refunds | Wed, Aug 2, 2023 |
| Credit of Shares to Demat | Thu, Aug 3, 2023 |
| Tentative Listing Date | Fri, Aug 4, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Jul 27, 2023 |
Investors can bid for a minimum of 3,000 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 | 3,000 | ₹1,50,000 |
| Retail (Max) | 1 | 3,000 | ₹1,50,000 |
| HNI (Min) | 2 | 6,000 | ₹3,00,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 449.41 | 1,042.12 | 29.44 | 171.61 | 170.61 | 0.00 |
| 31-Mar-21 | 597.72 | 784.07 | 33.38 | 205.00 | 204.00 | 152.34 |
| 31-Mar-22 | 530.83 | 787.90 | 30.19 | 235.19 | 34.19 | 152.34 |
| 31-Mar-23 | 822.63 | 1,093.93 | 48.26 | 483.45 | 242.45 | 152.34 |
| Amount in ₹ Lakhs | ||||||
The market capitalization of Innovatus Entertainment Networks IPO is ₹19.79 Cr.
| KPI | Values |
|---|---|
| ROE | 9.98% |
| ROCE | 11.32% |
| Debt/Equity | 0.32 |
| RoNW | 9.98% |
The company proposes to utilize the net proceeds from the issue towards funding the following objectives:
1. Augmenting additional working capital requirements.
2. Purchase of Exhibition Related Material.
3. General Corporate Purposes.
[Dilip Davda] The company operates in a highly competitive and fragmented segment with many players around. The sudden boost in its top and bottom line for FY23 raise eyebrows and concern over the sustainability going forward. Based on such super earnings, the issue appears exorbitantly priced. Tiny equity capital post-IPO indicates a longer gestation period for migration to the mainboard. There is no harm in skipping this pricey issue. Read detail review...
| Listing Date | August 4, 2023 |
| BSE Script Code | 543951 |
| NSE Symbol | |
| ISIN | INE0LYO01018 |
| Final Issue Price | ₹50 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹50.00 |
| Open | ₹46.52 |
| Low | ₹46.52 |
| High | ₹48.00 |
| Last Trade | ₹46.52 |
Innovatus Entertainment Networks Ltd.
407, Crescent Royale,
Off New Link Road,
Andheri West
Mumbai, Maharashtra, 400053
Phone: +91 22 4016 5928
Email: cs@innovatus.info
Website: http://www.innovatus.info/
Purva Sharegistry (India) Pvt.Ltd.
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
Innovatus Entertainment Networks IPO is a SME IPO of 15,48,000 equity shares of the face value of ₹10 aggregating up to ₹7.74 Crores. The issue is priced at ₹50 per share. The minimum order quantity is 3000.
The IPO opens on July 25, 2023, and closes on July 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 July 25, 2023 and closes on July 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 Thursday, August 3, 2023. Check the Innovatus Entertainment Networks IPO allotment status.
The Innovatus Entertainment Networks IPO listing date is on Friday, August 4, 2023.
Useful Articles
RHP