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Innokaiz India Limited IPO (Innokaiz India IPO) Detail

April 28, 2023 - May 3, 2023

Innokaiz India IPO is a book built issue of Rs 21.17 crores. The issue is entirely a fresh issue of 27.14 lakh shares.

Innokaiz India IPO bidding started from April 28, 2023 and ended on May 3, 2023. The allotment for Innokaiz India IPO was finalized on Monday, May 8, 2023. The shares got listed on BSE SME on May 11, 2023.

Innokaiz India IPO price band is set at ₹76 to ₹78 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹124,800. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹249,600.

Gretex Corporate Services Limited is the book running lead manager of the Innokaiz India IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Innokaiz India IPO is Gretex Share Broking.

Refer to Innokaiz India IPO RHP for detailed information.

Innokaiz India IPO Details

IPO Date April 28, 2023 to May 3, 2023
Listing Date May 11, 2023
Face Value ₹10 per share
Price Band ₹76 to ₹78 per share
Lot Size 1600 Shares
Total Issue Size2,713,600 shares
(aggregating up to ₹21.17 Cr)
Fresh Issue2,713,600 shares
(aggregating up to ₹21.17 Cr)
Issue Type Book Built Issue IPO
Listing At BSE SME
Market Maker portion136,000 shares
Gretex Share Broking

Innokaiz India IPO Reservation

Innokaiz India IPO offers 2,713,600 shares. 515,200 (18.99%) to QIB, 387,200 (14.27%) to NII, 902,400 (33.25%) to RII 772,800 (28.48%) to Anchor investors.

Investor Category Shares Offered
Anchor Investor Shares Offered772,800 (28.48%)
Market Maker Shares Offered136,000 (5.01%)
QIB Shares Offered515,200 (18.99%)
NII (HNI) Shares Offered387,200 (14.27%)
Retail Shares Offered902,400 (33.25%)
Total Shares Offered2,713,600 (100%)

Innokaiz India IPO Anchor Investors Details

Innokaiz India IPO raises Rs 6.03 crore from anchor investors. Innokaiz India IPO Anchor bid date is April 27, 2023. Innokaiz India IPO Anchor Investors list

Bid Date April 27, 2023
Shares Offered 772,800
Anchor Portion Size (In Cr.) 6.03
Anchor lock-in period end date for 50% shares (30 Days) June 7, 2023
Anchor lock-in period end date for remaining shares (90 Days) August 6, 2023

Innokaiz India IPO Timeline (Tentative Schedule)

Innokaiz India IPO opens on April 28, 2023, and closes on May 3, 2023.

IPO Open Date Friday, April 28, 2023
IPO Close Date Wednesday, May 3, 2023
Basis of Allotment Monday, May 8, 2023
Initiation of Refunds Tuesday, May 9, 2023
Credit of Shares to Demat Wednesday, May 10, 2023
Listing Date Thursday, May 11, 2023
Cut-off time for UPI mandate confirmation 5 PM on May 3, 2023

Innokaiz India IPO Lot Size

Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 1600 ₹124,800
Retail (Max) 1 1600 ₹124,800
HNI (Min) 2 3,200 ₹249,600
Lot Size Calculator

Innokaiz India IPO Promoter Holding

Mr. Balakrishnan Sukumarbalakrishnan is the company promoter.

Share Holding Pre Issue 98.00
Share Holding Post Issue 71.99

About Innokaiz India Limited

Incorporated in 2013, Innokaiz India Limited provides event management, corporate gifting, advertising, and marketing services through both offline and online formats.

The company's service model is divided into the following categories:

1. Advertising and Marketing Services:

  • Outdoor Advertisements: The company provides services at outdoor Bus Shelters, Arches, Police Booth, General Booth, Pole Kiosk, Signal Post, Temp Hoarding, Sun Pack flute Board, Backdrop, Banners, Roadshows, Mobile Vans, Etc. In signage: Backlit Board, Nonlit Board, ACP Pylon, Acrylic Boards, Cutout, Standee, Etc.
  • Digital Marketing: SEO, UI/UX, Content Marketing, and Web Development.

2. Event Management: The company organizes and manages all the requirements for Corporate Events including Meetings, Incentive Programs, and Conferences, Exhibitions (MICE). They arrange events for Banking, Insurance, Asset Management Companies, etc., and have organized over 200 events of various magnitudes so far.

3. Corporate Gifting: The company provides corporate gifting vouchers and customized solutions suitable to all occasions including personalization and providing logo printing as per designs.

4. E-commerce: The company also provides Home Appliances, Electronic Gadgets, Mobiles, Laptops, Toys & day to day needs products through its e-commerce platform.

The company holds World Record for Conducting 15,250 Roadshows/ Lead Generation and Sales Promotion activities.

Company Financials

Innokaiz India Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-202,568.3813,872.44361.55541.93540.93110.60
31-Mar-213,871.0718,506.21509.151,051.091,050.09103.52
31-Mar-224,972.4728,609.09791.631,842.721,841.72132.17
31-Oct-224,763.1514,883.52610.282,453.001,702.0093.62
Amount in ₹ Lakhs

Objects of the Issue (Innokaiz India IPO Objectives)

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

  1. Working capital requirements, and
  2. General corporate purposes.

Innokaiz India IPO Review (May apply)

[Dilip Davda]  The company operates in a highly competitive and fragmented segment with many big players around. Though it has posted consistent growth in its top and bottom lines, sustainability amidst high competition remains a major concern. Based on its earnings, the issue appears reasonably priced. Well-informed investors may consider parking of funds for long-term rewards. Read detail review...


Innokaiz India IPO Subscription Status (Bidding Detail)

The Innokaiz India IPO is subscribed 95.08 times on May 3, 2023 7:02:00 PM. The public issue subscribed 46.10 times in the retail category, 23.93 times in the QIB category, and 303.92 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB23.93
NII303.92
Retail46.10
Total95.08

Total Application : 28,624 (50.75 times)

Innokaiz India IPO Prospectus

Innokaiz India IPO Rating

14
3.6
Rating:Rated 3.6 stars
Vote Here ...

Innokaiz India IPO Listing Details

Listing Date May 11, 2023
BSE Script Code 543905
NSE Symbol
ISIN INE0LDI01022
Final Issue Price ₹78 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹78.00
₹148.20
₹148.20
₹155.61
₹155.61

Check IPO Performance…

Innokaiz India Limited Contact Details

Innokaiz India Limited
Door No. 43, Old No. 22,
Real Enclave, Flat No. 1, 4th Floor,
Josier Street, Nungambakkam, Chennai- 600034
Phone: 044-28250545
Email: info@innokaiz.com
Website: https://innokaiz.com/

Innokaiz India IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Innokaiz India IPO - Buy or Not

Innokaiz India IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 1 0 1

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Innokaiz India IPO FAQs

Innokaiz India IPO is a SME IPO of 2,713,600 equity shares of the face value of ₹10 aggregating up to ₹21.17 Crores. The issue is priced at ₹76 to ₹78 per share. The minimum order quantity is 1600 Shares.

The IPO opens on April 28, 2023, and closes on May 3, 2023.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Innokaiz India IPO using UPI as a payment gateway. Zerodha customers can apply in Innokaiz India IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Innokaiz India IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Innokaiz India IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Innokaiz India IPO opens on April 28, 2023 and closes on May 3, 2023.

Innokaiz India IPO lot size is 1600 Shares, and the minimum amount required is ₹124,800.

You can apply in Innokaiz India IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Innokaiz India IPO will be done on Monday, May 8, 2023, and the allotted shares will be credited to your demat account by Wednesday, May 10, 2023. Check the Innokaiz India IPO allotment status.

The Innokaiz India IPO listing date is on May 11, 2023.
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Innokaiz India IPO Message Board

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488 Comments

225. Sunny chand |   Link |  Bookmark |June 12, 2023 11:50:23 AM
@SONMAYA Sorry sir for this , and if there is chance for longterm as per your personal review
224. Sunny chand |   Link |  Bookmark |June 12, 2023 11:00:00 AM
@SONMAYA Mam still you hold or sell out , please suggest what we do hold for long term or any other ?
224.1. SONMAYA |   Link |  Bookmark |June 12, 2023 11:19:37 AM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
dear,I m male senior Citizen.
Sorry to say, now very tricky situation so can't say anything.i m Holding my one alloted LOT...sorry once again..🙏
223. PLAZA |   Link |  Bookmark |June 12, 2023 8:03:07 AM
IPO Guru IPO Guru (2000+ Posts, 1200+ Likes)
I m not active directly since few days due to vacation so pl guide any preference wise order for applying in newIPOS / FORTHCOMING / Current running AND CLOSING SOON. Txs in advance
222. Seth |   Link |  Bookmark |June 7, 2023 2:59:49 PM
Please suggest should we enter here at CMP?
222.2. Sinewave |   Link |  Bookmark |June 7, 2023 3:31:33 PM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
Heading towards two digits very soon in coming days..
222.3. Seth |   Link |  Bookmark |June 7, 2023 5:49:24 PM
Ohh sad for Everyone 😢
221. Rohan Bajaj |   Link |  Bookmark |June 3, 2023 7:28:32 AM (400+ Posts)
Results are not that bad... Even then it's falling. What's the reason?
221.4. Kapz |   Link |  Bookmark |June 4, 2023 10:23:09 AM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
Sales, profits and margins

221.5. Imhilli |   Link |  Bookmark |June 4, 2023 12:45:17 PM
IPO Guru IPO Guru (1200+ Posts, 700+ Likes)
@Kapz Thanks for sharing the details... indeed a nice work 👍
220. Sunny chand |   Link |  Bookmark |June 2, 2023 12:43:27 PM
@GNS @SONMAYA  ab to dar lg rha h pls batao kya hoga kya nahi
219. pungkuntran jaganathan |   Link |  Bookmark |June 1, 2023 6:25:26 PM
Results out
218. Sunny chand |   Link |  Bookmark |May 30, 2023 2:27:27 PM
Dear Experts ,

Please confirm i have 1 allotment , please suggest for hold or sell.
218.1. GNS |   Link |  Bookmark |May 30, 2023 9:27:25 PM
I am going to hold.

It is going to test your patience and reward you.

This is my personal view and I m not at all an expert.
218.2. SONMAYA |   Link |  Bookmark |May 31, 2023 12:46:05 PM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
At ...GNS...your words are perfect...
Our PATIENCE..TESTING...🙏
217. SADAHAQ |   Link |  Bookmark |May 26, 2023 12:48:13 AM
It will list in huge discount........stay away
216. Rohan Bajaj |   Link |  Bookmark |May 24, 2023 8:38:20 PM (400+ Posts)
Any idea on its free fall?
215. Sunny chand |   Link |  Bookmark |May 24, 2023 5:48:11 PM
@MRavichandran Sir i have a 1 allotment lot can you please confirm to sell or hold.
214. MRavichandran |   Link |  Bookmark |May 16, 2023 9:24:03 PM
IPO Guru IPO Guru (2000+ Posts, 2700+ Likes)
Got chance to enter with17 lots Innokaiz today. The company looks good and promotor is genuine, will hold for long term with Exhicon.

Thanks
214.19. IPOKnight |   Link |  Bookmark |June 19, 2023 2:22:35 PM
@MRavichandran Any update on this as you had mentioned you will give an update by next week.
214.20. Sunny chand |   Link |  Bookmark |June 21, 2023 12:22:49 PM
Sir, Please update its still down day by day .
213. GNS |   Link |  Bookmark |May 16, 2023 3:48:07 PM
Should we hold till result? P/E seems attractive, Experts pls put some light on it.
213.3. SONMAYA |   Link |  Bookmark |June 2, 2023 1:05:46 PM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
GNS... I M STILL HOLDING ...
NOW no one has expected that annual result will b delayed and such situations will arised ..I m waiting to see further move.
213.4. SONMAYA |   Link |  Bookmark |June 2, 2023 2:20:46 PM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
This is not recommending anything.one can't say now what will happen.🙏
212. Manup |   Link |  Bookmark |May 16, 2023 9:20:58 AM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
@imhilli , arvind & sanchit jain what a great prediction Thanks a lot
212.1. pungkuntran jaganathan |   Link |  Bookmark |May 16, 2023 9:27:59 AM
Nice UC. Any prediction about further run
212.2. Happpy Singh |   Link |  Bookmark |May 16, 2023 9:32:32 AM
Is it better to cut position in this run up because pending order is very less and further selling may come today afternoon or tomorrow morning?
211. arvindarvind |   Link |  Bookmark |May 15, 2023 1:58:15 PM
Top Contributor Top Contributor (900+ Posts, 200+ Likes)
Company is good
Profit is good
Debt is very low.
Listing was good(very high)
Lots of event will come due to lok Shaba elections.
Not expecting more than two LC from now.
Let's see....
211.1. Imhilli |   Link |  Bookmark |May 15, 2023 9:05:10 PM
IPO Guru IPO Guru (1200+ Posts, 700+ Likes)
Sir, how many lots do you have?
211.2. Imhilli |   Link |  Bookmark |May 15, 2023 10:08:16 PM
IPO Guru IPO Guru (1200+ Posts, 700+ Likes)
I am expecting a turn around tomorrow
210. arvindarvind |   Link |  Bookmark |May 15, 2023 10:02:44 AM
Top Contributor Top Contributor (900+ Posts, 200+ Likes)
May be tomorrow or Wednesday LC will be break and UC will start.
It is just my Guess....
210.3. Zindgi |   Link |  Bookmark |May 15, 2023 11:58:16 AM
It will boost from tomorrow , as mansi and multiplier exited.
210.4. pungkuntran jaganathan |   Link |  Bookmark |May 15, 2023 1:17:45 PM
DE Neers broke the LC today. Innokaiz will definitely comeback
209. arvindarvind |   Link |  Bookmark |May 13, 2023 8:36:05 PM
Top Contributor Top Contributor (900+ Posts, 200+ Likes)
Karnatak me BJP ki haar ke baad kya party aur paisa kharch karegi advertisement and event pe????
Will it benefit for exhicon/innokiaz and other event management company???
Expert please reply...
209.1. Happpy Singh |   Link |  Bookmark |May 13, 2023 8:53:47 PM
Allegedly, they used US based (that Trump used later on in 2016) company for election in 2014.(Don't have proof, may be rumours). After Trump's soup and controversies and shut down of many such US and Indian companies, maybe they became fully swadeshi in last and for future election.
208. Imhilli |   Link |  Bookmark |May 12, 2023 7:14:19 PM
IPO Guru IPO Guru (1200+ Posts, 700+ Likes)
Around 45% shares changed hands already at around @145. So no of LCs should not be more than 3-4.
208.2. Zindgi |   Link |  Bookmark |May 12, 2023 7:33:34 PM
Sir , no body can predict of LC/UC continuation...

Only biggies can turn it out green..
208.3. pungkuntran jaganathan |   Link |  Bookmark |May 14, 2023 7:46:57 PM
Hope UC starts soon
207. Vipul M Shah |   Link |  Bookmark |May 12, 2023 5:36:25 PM (400+ Posts)
@Noorul 
What is the reasonable price to enter in Innokaiz according to you. Your opinion will be highly appreciated.
206. Takamichi |   Link |  Bookmark |May 12, 2023 10:54:25 AM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
BSE 1.9X has it's own magic....
DAPS and now this has shown this magic.....