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Innovators Facade Systems Limited IPO (Innovators Facade Systems IPO) Detail

May 14, 2018 - May 16, 2018

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.

Company Promoters:

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.

Company Financials:

Summary of financial Information (Restated)
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

Objects of the Issue:

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 Detail:

  »»  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 Reviews / Recommendations:

Dilip Davda - Other

 

Innovators Facade Systems IPO Subscription Status / Live Bidding Status

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Innovators Facade Systems IPO Prospectus

Innovators Facade Systems IPO Rating

145
3.9
Rating:Rated 3.9 stars

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Innovators Facade Systems IPO Listing Date

  •   ›  Listing Date: Thursday, May 24, 2018
  •   ›  BSE Script Code: 541353
  •   ›  NSE Symbol:
  •   ›  Listing In: MT
  •   ›  ISIN: INE870Z01015
  •   ›  Issue Price: Rs 72 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price:
Open:
Low:
High:
Last Trade:
Volume:
BSE SME
Rs 72.00
Rs 72.00
Rs 69.00
Rs 75.60
Rs 75.60
1,664,000

Innovators Facade Systems IPO News Alerts

  1. Wednesday, June 6, 2018 12:00:00 AM
    Innovators Facade Systems IPO Allotment Status
  2. Thursday, May 24, 2018 12:00:00 AM
    Innovators Facade Systems IPO Listing Date & Info
  3. Wednesday, May 16, 2018 12:00:00 AM
    Innovators Facade Systems IPO Closes on May 16, 2018
  4. Monday, May 14, 2018 12:00:00 AM
    Innovators Facade Systems IPO Opens on May 14, 2018

Company Contact Information

Innovators Facade Systems Limited
204, B-65, Sector No 1,
Shanti Nagar, Mira Road (East),
Thane- 401107
Phone: 022- 28132151
Fax: 022- 28132151
Email: investors@innovators.in
Website: http://www.innovators.in

Innovators Facade Systems IPO Registrar

Link Intime India Private Ltd   »  Report
   Link Intime India Private Ltd,
   C-13 Pannalal Silk Mills Compound,
   LBS Marg, Bhandup West, Mumbai 400078

Phone: +91-22-25963838
Fax: +91-22-25946969
Email: innovators.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Innovators Facade Systems IPO Lead Manager(s)

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Innovators Facade Systems IPO Review / Comments

avatar
163. Sinewave  Jul 13, 2018 08:29 I Like It. | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
I sold my allotment of INNOVATORS on 28/05/2018 @71.2 and BUY again @68.2 on same date and same account. Finally sold the IPO allotment on 30/05/2018 as it was in T category at that time.
My broker given AUCTION on 31/05/2018 @76.8.
It is surprising to me as I sold my allotment on 28 and BUY again at lower circuit as fresh. Onwards sold it as T+2 on 30/05/2018.
It is correct IMO.
Please comment what is wrong here.

Regards.
avatar
163.1. Sdpp  Jul 13, 2018 23:30 I Like It. | Report Abuse
Allotment to koi bhi time bech sakta hai.. Frod broker hoga..
avatar
162. VIE  Jul 2, 2018 20:42 I Like It. 1 | Report Abuse
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
avatar
162.1. Small Investor  Jul 9, 2018 14:11 I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
today Bulk Deal at 58.95 of 88000 shares
avatar
161. SecTheta  Jul 2, 2018 19:50 I Like It. | Report Abuse
KAL UC lagega..
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160. SME Corner  Jun 7, 2018 16:06 I Like It. 1 | Report Abuse
Best buy opportunity at Current Level. Big players already brought this gem. No need to worry at all.
avatar
160.1. Small Investor  Jun 8, 2018 13:01 I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
your suggestion are very impressive your past suggestion for BSHSL 100% acurate and Now bshsl now above 110

i have 1 lot of
innovatos ,softtech akshar and E2E

Can i hold above Stock ?
avatar
159. Informed Intelligence  Jun 7, 2018 10:59 I Like It. 1 | Report Abuse
stock is now out from T2T segment, with revised circuit filter of 20% from 5%. Volume and interest will rise in this counter. already up more than 5% intraday....
avatar
158. anujsme  Jun 5, 2018 14:10 I Like It. | Report Abuse
stock will move towards it fair value of 30 rs.
very expensive . move to any other good company for returns
avatar
158.1. Small Investor  Jun 5, 2018 14:56 I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
sir kisi ki misguide mt kro
avatar
158.2. anujsme  Jun 5, 2018 16:26 I Like It. | Report Abuse
Sir, bolne se pehle check toh karlo

ajj bhi lc hai 59 rs

30-35 rs will rach in short time duration.yeh comopany bahit expensive valutaion mein hai abhi bhi

have you checked its P/E is at 60
avatar
157. Shivamsingh  Jun 3, 2018 22:28 I Like It. | Report Abuse
Does anyone know about the FY18 result date of these newly listed companies?
avatar
156. RAJAKUMAR  May 24, 2018 14:22 I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
I sold my lot at upper circuit
avatar
156.10. mittaldatt  May 25, 2018 17:32 I Like It. | Report Abuse
Same thing happed to me in akshar spintex i buy 1 lot 33.40 same day price zoom 37.10 but i cant able to sale it .after four day again price was 37.10 in pre open i sale it that day
avatar
156.11. RAJAKUMAR  May 29, 2018 12:26 I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
I suffered loss of Rs.24k in Innovators for wrongly sold on the same day without knowing trade to trade.. My motilal broker debited 24k in my account.
avatar
155. v for vendetta  May 28, 2018 11:19 I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Exited my 2 lots on listing day almost at par.
I think its better to avoid BSE SME's irrespective of LM, high subscription, and Vijay kedia etc. BSE SME's have been worst performer, either they will tank on listing day or afterwards.
But they will tank for sure. See Dynamic Cables, Jhandewala etc
avatar
155.1. CPHArun  May 28, 2018 13:51 I Like It. 1 | Report Abuse
I dont understand why would people go to the hassle of buying lots for a SME IPO and selling on same day. It does not make any sense. SME IPOs is for long term.
avatar
154. BULLS OF INDIA  May 25, 2018 11:53 I Like It. 1 | Report Abuse
Top Contributor Top Contributor (200+ Posts)
Golden opportunity to buy this good quality stock in very cheap price, it will zoom till June 7th when it will be out of T2T segment. Already added a lot more today and yesterday too. Will hold at least for a year. After all this company is backed by renowned investor Mr VIjay Kedia.
avatar
154.2. anujsme  May 28, 2018 09:51 I Like It. | Report Abuse
vijay kedia bought at 62 rs.
why are you paying premium for that. think it should god own to 60-62 rs level.
avatar
154.3. abhipatel  May 28, 2018 10:11 I Like It. | Report Abuse
T2T ke bad kya hoga.......
avatar
153. BULLS OF INDIA  May 27, 2018 09:22 I Like It. 1 | Report Abuse
Top Contributor Top Contributor (200+ Posts)
This stock (Innovators) is facing effect of U H ZAVERY'S bad listing only, which will end soon. Nothing wrong with this company for sure. Really once in a lifetime golden opportunity to buy good quality shares around IPO price as much as you can, i have converted my all money into this quality shares in a average price (inclusive of all) of Rs 72.15. will buy 1 more lot on Monday as i have only that much of money left presently. You can find from basis of allotment that for sure allotment of 14400 shares (nearly Rs 8 lakhs) one had to bid more than Rs 9 crores. So guys take good advise from me and buy as much as you can. you will regret for sure if you don't. MARK MY WORD. This hangover will soon disappear and fresh uptrend will started soon. P.S.: This stock will be out of T2T category on June 7th 2018.
avatar
153.3. BULLS OF INDIA  May 28, 2018 06:54 I Like It. 1 | Report Abuse
Top Contributor Top Contributor (200+ Posts)
Dear CPHArun i have watched promoters interview on CNBC Aawaz at YouTube they have around 300 Crore order book presently & they even told that order book is not an issue for them and they can comfortably add 250 crores of orders at any time. Issue is only capacity & up gradation for which they are raising fund thru this IPO.
avatar
153.4. Sdpp  May 28, 2018 08:52 I Like It. | Report Abuse
Bhai Ani ne bhi 4 time 20 persant ki Cirket lagai thi. Abhi bhav dekho
avatar
152. SecTheta  May 18, 2018 12:13 I Like It. 2 | Report Abuse
Facade ki Jad hai yeh :P
On a serious note, I think this will also list flat and may be available at issue price.. recent trend of Pantomath IPOs..
avatar
152.13. SecTheta  May 30, 2018 21:47 I Like It. | Report Abuse
OPO jab Bhagega to rukega nahii.. I like it more than any other SME peer.. :)
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152.14. smallTimeInvestor  Jun 3, 2018 13:39 I Like It. | Report Abuse
Thanks secTheta. Looking at current environment, I feel wait and watch is good approach for some days to buy OPO. There management seems good, taking right steps.
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151. INVESTIGATOR  May 25, 2018 12:18 I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
INNOVATORS FACADE SME
*Subscription
QIB: 12.15 X
NII: 93.89 X
RII: 20.22 X
*Total: 33.70 X
Total No of App: 23995
+ Anchors Allocation
& NOW at LOWER CIRCUIT + UNDER RATE
*****WONDERFUL !!!
I think, We have to WAIT
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151.2. INVESTIGATOR  May 25, 2018 12:46 I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
I am having Allotted TWO Lots
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151.3. abhipatel  May 25, 2018 16:08 I Like It. | Report Abuse
Yes......wait and watch.......
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150. Sdpp  May 25, 2018 14:09 I Like It. | Report Abuse
Exit innovators. Continue panic Stok.
avatar
149. CPHArun  May 25, 2018 13:59 I Like It. | Report Abuse
How do you invest in SME IPO and look for short term gain ?
If you trust the company & your idea to invest in it , it has to be long term.
avatar
148. share blaster  May 25, 2018 10:50 I Like It. | Report Abuse
monday target @83 +
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148.1. anujsme  May 25, 2018 11:54 I Like It. | Report Abuse
HAHAHA

83 or 68
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147. abhipatel  May 25, 2018 11:09 I Like It. | Report Abuse
Why lc becouse good sme ......
avatar
146. share blaster  May 25, 2018 11:01 I Like It. | Report Abuse
buy one more lot @73.75 confrm hit uc
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145. share blaster  May 25, 2018 10:45 I Like It. | Report Abuse
buy 1 lot @73 closing tym of market it shows upper circuit
avatar
144. abhipatel  May 24, 2018 23:23 I Like It. | Report Abuse
T2t trade minimum day??
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