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Innovative Ideals and Services (India) Limited IPO (Innovative Ideals IPO) Detail

Sep 24, 2018 - Sep 26, 2018

Incorporated in 2000, Mumbai based Innovative Ideals and Services (India) Limited is a company engaged in the business of providing services of System Integration for security, safety and building automation and installation of various electronics systems.

The company provides a wide range of services in security and electronic systems, like Home Automation Systems, Access Controls, Video Door Phone, Audio Door Phone, CCTV Systems, Intrusion Alarm System, Fire Alarm Systems and Telecom Products. The company caters to the residential construction industry in a B2B segment.

Innovative provides Video Door Phones under its own brand names, "Onyx" and "Inok" and Home automation solutions under the brand name of "eHomes".

The Company introduced Fibre to the Home (FTTH) solutions that allow multiple Internet Service Providers (ISPs) to use a single fiber cable to provide their services.

As part of his expansion, the Company has developed 2 innovative products, "Savior" and "ArmHer", in the B2C segments. The products address the safety needs of children, women and senior citizens. It has also launched basic feature mobile phones "Inoyo".

Innovative is an authorized distributor of FERMAX Electronica S.A.U. for their products FERMAX Audio/Video Door Entry System. The company has also entered into an agreement with Tata Sky Broadband Private Limited for the provision of broadband services from March 15, 2018, to March 14, 2023.

The company has 2 warehouse facilities in Mumbai.

Between 2014-15 to 2017-18-

- Total revenue grew from 1245.07 to 2031.84.
- EBITDA grew from 103.70 to 487.70.
- PAT grew from 15.56 to 308.79

Innovative has 67 employees on its payroll.

Company Promoters:

The Promoters of the Company are Maqsood Shaikh and Tazyeen Shaikh. They together hold 49,69,134 equity shares representing almost 59.77% 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. Lakhs)
31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 3,479.82 2,287.04 2081.86 2,355.01 4,774.17
Total Revenue 2,031.84 1,074.57 1,217.81 1,245.07 1,281.61
Profit After Tax 308.79 96.76 1.36 15.56 50.26

Objects of the Issue:

The objects of the issue are-

1. Funding the Working Capital requirements
2. General Corporate Purposes.

Innovative Ideals IPO Details
Issue OpenSep 24, 2018 - Sep 26, 2018
Issue TypeBook Built Issue IPO
Issue Size3,066,000 Eq Shares of Rs 10
(aggregating up to Rs 12.26 Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 36 - Rs 40 Per Equity Share
Market Lot3000 Shares
Min Order Quantity3000 Shares
Listing AtBSE SME
Innovative Ideals IPO Tentative Date / Timetable
Bid/Offer Opens OnSep 24, 2018
Bid/Offer Closes OnSep 26, 2018
Finalisation of Basis of AllotmentOct 1, 2018
Initiation of RefundsOct 3, 2018
Credit of Shares to Demat Acct:Oct 4, 2018
IPO Shares Listing Date:Oct 5, 2018

Innovative Ideals IPO Subscription Status (Live)

Innovative Ideals IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

NII

RII

Total

Shares Offered

1,455,500

1,455,500

2,911,000

Sep 26, 2018 18:49

1.01x

1.58x

1.30x

Innovative Ideals IPO Prospectus

Innovative Ideals IPO Rating

78
3.9
Rating:Rated 3.9 stars

Vote Here ...

Innovative Ideals IPO Listing Date

  •   ›  Listing Date: Friday, October 5, 2018
  •   ›  BSE Script Code: 541983
  •   ›  NSE Symbol:
  •   ›  Listing In: MT
  •   ›  ISIN: INE492Y01011
  •   ›  Issue Price: Rs 40 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 40.00
Rs 43.00
Rs 40.90
Rs 45.15
Rs 45.15
2,448,000

Innovative Ideals IPO Reviews / Ratings

Company Contact Information

Innovative Ideals and Services (India) Limited
E- 202, 2nd floor, Skypark,
Near Oshiwara Garden, Off Ajit Glass Road
Oshiwara, Goregoan (W), Mumbai-400104
Phone: .: +91 022-6739 2121
Fax:
Email: investors@innovative.in
Website: http://www.innovative.in

Innovative Ideals IPO Registrar

Bigshare Services Pvt. Ltd   »  Report
   Bigshare Services Pvt Ltd E-2 & 3,
   Ansa Industrial Estate, Saki-Vihar Road,
   Sakinaka, Andheri(E), Mumbai - 400 072

Phone: 91-22-40430200
Fax: 91-22-2847 5207
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

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Innovative Ideals IPO Review / Comments

avatar
15. RAJAKUMAR  Oct 5, 2018 09:46 I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (800+ Posts, 500+ Likes)
Discovered at 43 in such a bad market condition. It is very good listing. All successful allottees made money.
avatar
14. RAJAKUMAR  Oct 5, 2018 09:19 I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (800+ Posts, 500+ Likes)
Once again Pantamoth does good job. It may be discover 42.5.
avatar
13. IPOMantra  Sep 24, 2018 21:59 I Like It. 1 | Report Abuse Reply
What a record , not a single application today, everyone seems afraid today market crash
avatar
13.1. Dhiraj ADI  Sep 26, 2018 00:52 I Like It. | Report Abuse
Know days It's very difficult to judge.. fix Interest started every were let's the final figure
avatar
12. COMMONMAN  Sep 25, 2018 16:10 I Like It. | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Right Now If Main Line Ipo Are Struggling To Get Fully Subscribed.

Then One Can Guess Condition of Sme Ipo.
Whereas In Sme Now a Days No LM No Promoter Are Thinking To Sustain Ipo Prise...They are making More money By Bringing Prise down..

But now Game is getting visible so Currently SME Game is Over. Irrespective of LOW PE Or However Good LM Is.
avatar
12.1. Splendid  Sep 25, 2018 16:34 I Like It. | Report Abuse
You are right Sir but Have you seen Synergy Green Price?? SME Highly unpredictable
avatar
12.2. COMMONMAN  Sep 25, 2018 19:28 I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Splendid You will make money in 2-3 Sme Nd Will lose in 1 sme which will take away profit. So ulimately its all same.
avatar
11. Jagdish master  Sep 24, 2018 23:28 I Like It. | Report Abuse Reply
LIVE SUBSCRIPTION NOT SHOWN IT'S CHITTORGARH WEBSITE TECHNICAL PROBLEM SO CHECK IN BSE WEBSITE .
avatar
11.1. Administrator  Sep 25, 2018 10:58 I Like It. | Report Abuse
Thank u for your kind feedback.
This error is now fixed.

Thank you,

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avatar
10. Abhishek Shahi  Sep 24, 2018 14:10 I Like It. | Report Abuse Reply
recently jumped profit and transformation of co business in to more in service sector ...
avatar
9. Prakash h.jagad  Sep 21, 2018 08:47 I Like It. | Report Abuse Reply
Any good comments for this ipo.....??
avatar
8. Vaibhav  Sep 20, 2018 10:15 I Like It. | Report Abuse Reply
Just be careful....Market sentiment is negative.
avatar
7. ronak tilva  Sep 19, 2018 15:51 I Like It. 2 | Report Abuse Reply
itne sare new id sirf company ki tarif ki liye khule lagta he.... hahaha.....
avatar
6. SME BADSHAH  Sep 19, 2018 15:12 I Like It. 3 | Report Abuse Reply
Please go through the DRHP page No 252 till page no. 260 how much legal & claims are there on company.Take the decision after going through this pages.
avatar
5. Vaibhav  Sep 18, 2018 10:44 I Like It. | Report Abuse Reply
Administrator, Please provide the Red herring Prospectus.
avatar
4. SME BADSHAH  Sep 16, 2018 14:49 I Like It. 4 | Report Abuse Reply
Please go through the DRHP of page No.252 to page No. 260 " Legal & Other Information " then yourself decide whether to Invest or Not. It surprises that how such big Investors have taken Pre IPO shares in such a company? See the Risk factors total the amount of same & see the Net profit of company then decide whether it is worth to apply in this shares? Remove some time & go through DRHP page No. 252 on wards till page 260. It's your money & you have to take proper decision.
avatar
3. RAJAKUMAR  Sep 14, 2018 01:05 I Like It. 1 | Report Abuse Reply
IPO Mentor IPO Mentor (800+ Posts, 500+ Likes)
After 2 month Pantamoth is LM coming to the market with two issue listing at Bse.
Its Eps is 4.6
RONW 23%
NAV 16
PE is below 10. Attractively priced.
2.5 times of the book value. Little bit high.
Short Term borrowings 7 cr. and Long term borrowing 46 Lakh.
LM is Pantamoth. No concern in bse listing.
As usual How HNI behaves and we will follows hni.
avatar
3.1. Small Investor  Sep 15, 2018 17:10 I Like It. 1 | Report Abuse
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
khi ye stock Innovators fasad system ka dusra bhai to nhi h
avatar
2. FUNDINGTOUCH  Sep 15, 2018 09:15 I Like It. | Report Abuse Reply
KENT RO SYSTEMS LTD HOLDING STAKE IN THE CO SOMETHING VERY BIG STORY .EPS 4.66 & IPO PRIZE
36-40 RS REASONABLE. INVEST
avatar
1. IpoNewbie  Sep 14, 2018 16:50 I Like It. | Report Abuse Reply
Such sudden jump in revenue definitely books are cooked here.
JItna jump revenue ne last year kia.
Jo isme invest karega uska paisa utna hi sink karega.
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