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.
The Promoters of the Company are Radheshyam Sharma and Jolly Multitrade Private Limited. The Promoters hold 69,21,231 Equity Shares representing 52.41% of the pre-issue Paid-up Capital of the Company.
|Particulars||For the year/period ended (in Rs. Millions)|
|Profit After Tax||186.01||167.64||316.76||269.24||232.48|
The Objects Of The Issue are-
1. Upgradation and modernization of existing manufacturing facility
2. Funding the working capital requirements of the Company
3. General corporate purposes.
»» Issue Open: May 14, 2018 - May 16, 2018
»» Issue Type: Book Built Issue IPO
»» Issue Size: 5,660,800 Equity Shares of Rs 10 aggregating up to Rs 40.75 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs 71 - Rs 72 Per Equity Share
»» Market Lot: 1600 Shares
»» Minimum Order Quantity: 1600 Shares
»» Listing At: BSE SME
Innovators Facade Systems IPO Subscription Status tells if Innovators Facade Systems IPO subscribed or not. Investors can bid for IPO shares between 10 AM to 5 PM when public issue is open. Innovators Facade Systems IPO oversubscribed if bids are received for more shares than what is offered by the company.
|Number of Bids Received|
|As on Date & Time||QIB||NII||RII||Others||Total|
|Shares Offered / Reserved||0||2,686,400||2,686,400||288,000||5,660,800|
|Day 1 - May 14, 2018 17:00 IST||0||312,000||1,017,600||-||1,329,000|
|Day 2 - May 15, 2018 17:00 IST||1,518,400||641,600||4,712,000||-||6,872,000|
|Day 3 - May 16, 2018 17:00 IST||13,068,800||75,712,000||37,219,200||-||126,000,000|
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