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.
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.
|Particulars||For the year/period ended (in Rs. Lakhs)|
|Profit After Tax||308.79||96.76||1.36||15.56||50.26|
The objects of the issue are-
1. Funding the Working Capital requirements
2. General Corporate Purposes.
|Issue Open||Sep 24, 2018 - Sep 26, 2018|
|Issue Type||Book Built Issue IPO|
|Issue Size||3,066,000 Eq Shares of Rs 10 |
(aggregating up to Rs 12.26 Cr)
|Face Value||Rs 10 Per Equity Share|
|Issue Price||Rs 36 - Rs 40 Per Equity Share|
|Market Lot||3000 Shares|
|Min Order Quantity||3000 Shares|
|Listing At||BSE SME|
|Bid/Offer Opens On||Sep 24, 2018|
|Bid/Offer Closes On||Sep 26, 2018|
|Finalisation of Basis of Allotment||Oct 1, 2018|
|Initiation of Refunds||Oct 3, 2018|
|Credit of Shares to Demat Acct:||Oct 4, 2018|
|IPO Shares Listing Date:||Oct 5, 2018|
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