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

IPO DateSep 24, 2018 - Sep 26, 2018
Issue TypeBook Built Issue IPO
Issue Size3,066,000 Eq Shares of ₹10
(aggregating up to ₹12.26 Cr)
Face Value₹10 Per Equity Share
IPO Price₹36 to ₹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 AcctOct 4, 2018
IPO Shares Listing DateOct 5, 2018

Innovative Ideals IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum13000₹120,000
Maximum13000₹120,000

Innovative Ideals IPO Subscription Status (Bidding Detail)

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 DateFriday, October 5, 2018
BSE Script Code541983
NSE Symbol
Listing InMT
ISININE492Y01011
IPO Price₹40 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE SME
₹40.00
₹43.00
₹40.90
₹45.15
₹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
Email: investors@innovative.in
Website: http://www.innovative.in

Innovative Ideals IPO Registrar

Bigshare Services Pvt Ltd
   1st Floor, Bharat Tin Works Building,
   Opp. Vasant Oasis,Makwana Road,
   Marol, Andheri(E), Mumbai - 400 059

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Innovative Ideals IPO FAQs

  1. 1. What is Innovative Ideals IPO?

    Innovative Ideals IPO is a SME IPO of 3,066,000 equity shares of the face value of ₹10 aggregating up to ₹12.26 Crores.

    The issue price of the IPO is ₹36 to ₹40 Per Equity Share. The minimum order quantity is 3000 Shares per application and the offer type is Book Built Issue.

    The IPO opens on Sep 24, 2018 and closes on Sep 26, 2018.

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

  2. 2. When Innovative Ideals IPO will open?

    The Innovative Ideals IPO opens on Sep 24, 2018 and closes on Sep 26, 2018.

  3. 3. How to apply for Innovative Ideals IPO?

    Innovative Ideals IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When Innovative Ideals IPO allotment?

    The finalization of Basis of Allotment for Innovative Ideals IPO will be done on Oct 1, 2018, and the allotted shares will be credited to your demat account by Oct 4, 2018. Check the Innovative Ideals IPO allotment status.

  5. 5. When is Innovative Ideals IPO listing date?

    The Innovative Ideals IPO listing date is on Friday, October 5, 2018, at BSE SME.
  6. 6. What is the lot size of Innovative Ideals IPO?

    Innovative Ideals IPO lot size is 3000 Shares and the minimum order quantity is 3000 Shares.

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Innovative Ideals IPO Review / Comments

RAJAKUMAR
15. RAJAKUMAR  Oct 5, 2018 09:46
IPO Guru IPO Guru (1300+ Posts, 900+ Likes)
Discovered at 43 in such a bad market condition. It is very good listing. All successful allottees made money.
RAJAKUMAR
14. RAJAKUMAR  Oct 5, 2018 09:19
IPO Guru IPO Guru (1300+ Posts, 900+ Likes)
Once again Pantamoth does good job. It may be discover 42.5.
IPOMantra
13. IPOMantra  Sep 24, 2018 21:59
What a record , not a single application today, everyone seems afraid today market crash
Dhiraj ADI
13.1. Dhiraj ADI  Sep 26, 2018 00:52
Know days It's very difficult to judge.. fix Interest started every were let's the final figure
COMMONMAN
12. COMMONMAN  Sep 25, 2018 16:10
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.
Splendid
12.1. Splendid  Sep 25, 2018 16:34
Top Contributor Top Contributor (200+ Posts)
You are right Sir but Have you seen Synergy Green Price?? SME Highly unpredictable
COMMONMAN
12.2. COMMONMAN  Sep 25, 2018 19:28
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.
Jagdish master
11. Jagdish master  Sep 24, 2018 23:28
LIVE SUBSCRIPTION NOT SHOWN IT'S CHITTORGARH WEBSITE TECHNICAL PROBLEM SO CHECK IN BSE WEBSITE .
Administrator
11.1. Administrator  Sep 25, 2018 10:58
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
Thank u for your kind feedback.
This error is now fixed.

Thank you,

Chittorgarh.comĀ Admins

Abhishek Shahi
10. Abhishek Shahi  Sep 24, 2018 14:10
recently jumped profit and transformation of co business in to more in service sector ...
Prakash h.jagad
9. Prakash h.jagad  Sep 21, 2018 08:47
Any good comments for this ipo.....??
Vaibhav
8. Vaibhav  Sep 20, 2018 10:15
Just be careful....Market sentiment is negative.
ronak tilva
7. ronak tilva  Sep 19, 2018 15:51
itne sare new id sirf company ki tarif ki liye khule lagta he.... hahaha.....
SME BADSHAH
6. SME BADSHAH  Sep 19, 2018 15:12
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.
Vaibhav
5. Vaibhav  Sep 18, 2018 10:44
Administrator, Please provide the Red herring Prospectus.
SME BADSHAH
4. SME BADSHAH  Sep 16, 2018 14:49
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.
RAJAKUMAR
3. RAJAKUMAR  Sep 14, 2018 01:05
IPO Guru IPO Guru (1300+ Posts, 900+ 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.
Small Investor
3.1. Small Investor  Sep 15, 2018 17:10
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
khi ye stock Innovators fasad system ka dusra bhai to nhi h
FUNDINGTOUCH
2. FUNDINGTOUCH  Sep 15, 2018 09:15
KENT RO SYSTEMS LTD HOLDING STAKE IN THE CO SOMETHING VERY BIG STORY .EPS 4.66 & IPO PRIZE
36-40 RS REASONABLE. INVEST
IpoNewbie
1. IpoNewbie  Sep 14, 2018 16:50
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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