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 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 Date Sep 24, 2018 to Sep 26, 2018
Listing Date Friday, October 5, 2018
Face Value ₹10 per share
Price ₹36 to ₹40 per share
Lot Size 3000 Shares
Issue Size3,066,000 shares of ₹10
(aggregating up to ₹12.26 Cr)
Issue Type Book Built Issue IPO
Listing At BSE SME
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.

Innovative Ideals IPO Tentative Timetable

Innovative Ideals IPO opens on Sep 24, 2018, and closes on Sep 26, 2018. The Innovative Ideals IPO bid date is from Sep 24, 2018 10.00 A.M. to Sep 26, 2018 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Tentative Date
Opening Date Sep 24, 2018
Closing Date Sep 26, 2018
Basis of Allotment Oct 1, 2018
Initiation of Refunds Oct 3, 2018
Credit of Shares to Demat Oct 4, 2018
Listing Date Oct 5, 2018

Innovative Ideals IPO Lot Size

The Innovative Ideals IPO lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹120,000).

Application Lots Shares Amount
Retail (Min) 1 3000 ₹120,000
Retail (Max) 1 3000 ₹120,000

Innovative Ideals IPO Review

With the given financial performance so far, issue appears fully priced. Cash surplus investors may consider investment for long term.

Read detail review...

Innovative Ideals IPO Subscription Status (Bidding Detail)

The Innovative Ideals IPO is subscribed 1.30 times on Sep 26, 2018 6:49:01 PM. The public issue subscribed 1.58 times in the retail category, times in the QIB category, and 1.01 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Innovative Ideals IPO Prospectus

Innovative Ideals IPO Rating

Rating:Rated 3.9 stars
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Innovative Ideals IPO Listing Date

Listing Date Friday, October 5, 2018
BSE Script Code 541983
NSE Symbol
Listing In MT Group of Securities
ISIN INE492Y01011
IPO Price ₹40 per share
Face Value ₹10 per share

Listing Day Trading Information

IPO Price
Last Trade

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

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

Innovative Ideals IPO Review

Innovative Ideals IPO Recommendation Summary

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Innovative Ideals IPO FAQs

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 is priced at ₹36 to ₹40 per share. The minimum order quantity is 3000 Shares.

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.

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

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

You can apply in Innovative Ideals 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 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.

The Innovative Ideals IPO listing date is on Friday, October 5, 2018.
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Innovative Ideals IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Most Liked Members



15. RAJAKUMAR |   Link |Oct 5, 2018 10:46:13 AM (1400+ Posts, 1200+ Likes)
Discovered at 43 in such a bad market condition. It is very good listing. All successful allottees made money.
14. RAJAKUMAR |   Link |Oct 5, 2018 10:19:42 AM (1400+ Posts, 1200+ Likes)
Once again Pantamoth does good job. It may be discover 42.5.
13. IPOMantra |   Link |Sep 24, 2018 10:59:21 PM
What a record , not a single application today, everyone seems afraid today market crash
13.1. Dhiraj ADI |   Link |Sep 26, 2018 1:52:05 AM
Know days It's very difficult to judge.. fix Interest started every were let's the final figure
12. COMMONMAN |   Link |Sep 25, 2018 5:10:51 PM (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.
12.1. Splendid |   Link |Sep 25, 2018 5:34:16 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
You are right Sir but Have you seen Synergy Green Price?? SME Highly unpredictable
12.2. COMMONMAN |   Link |Sep 25, 2018 8:28:14 PM (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.
11. Jagdish master |   Link |Sep 25, 2018 12:28:30 AM
11.1. Administrator |   Link |Sep 25, 2018 11:58:18 AM
IPO Mentor IPO Mentor (700+ Posts, 1100+ Likes)
Thank u for your kind feedback.
This error is now fixed.

Thank you,
@Admin, Team Chittorgarh.com

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10. Abhishek Shahi |   Link |Sep 24, 2018 3:10:04 PM
recently jumped profit and transformation of co business in to more in service sector ...
9. Prakash h.jagad |   Link |Sep 21, 2018 9:47:15 AM
Any good comments for this ipo.....??
8. Vaibhav |   Link |Sep 20, 2018 11:15:00 AM
Just be careful....Market sentiment is negative.
7. ronak tilva |   Link |Sep 19, 2018 4:51:05 PM
itne sare new id sirf company ki tarif ki liye khule lagta he.... hahaha.....
6. SME BADSHAH |   Link |Sep 19, 2018 4:12:43 PM
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.
5. Vaibhav |   Link |Sep 18, 2018 11:44:06 AM
Administrator, Please provide the Red herring Prospectus.
4. SME BADSHAH |   Link |Sep 16, 2018 3:49:16 PM
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.
3. RAJAKUMAR |   Link |Sep 14, 2018 2:05:49 AM (1400+ Posts, 1200+ 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.
3.1. Small Investor |   Link |Sep 15, 2018 6:10:27 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
khi ye stock Innovators fasad system ka dusra bhai to nhi h
2. FUNDINGTOUCH |   Link |Sep 15, 2018 10:15:05 AM
1. IpoNewbie |   Link |Sep 14, 2018 5:50:02 PM
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.