Innovators Facade Systems Limited IPO (Innovators Facade Systems IPO) Detail

May 14, 2018 - May 16, 2018

Incorporated in 1999, Maharastra based Innovators Fa�ade Systems Limited is a company engaged in designing, engineering, fabrication, and installation of fa�ade systems. The company offers total solutions to its customers with respect to their requirement of fa�ade installation in complex projects. It specializes in technically demanding facades. With an operating history of more than eighteen years, the company has developed a brand image in the fa�ade industry.

The manufacturing facility of Innovators is situated at Wada, Maharashtra and is spread over 1,25,000 square feet. The product basket ranges from glazing /curtain walls, high-end doors & windows, skylights, canopies, frameless glazing, MS structures, stone cladding, metal cladding, roofing, & others. The registered office of the Company is situated at Mumbai and it has 7 branch offices across India.

Innovators Facade has a widespread presence and is executing projects in various states such as Maharashtra, Goa, Haryana, Karnataka, Tamil Nadu, Uttar Pradesh and West Bengal. The company has executed around 200 projects and has long-standing reputed clients across the construction industry. It has offered its services for varied type of construction projects including residential buildings, commercial complexes, IT Parks, airports, retail and pharma projects. The company has a recognized list of clients including M/s. Hiranandani Realtors Pvt. Ltd., M/s. Relcon Infraprojects Limited, M/s. Larsen & Toubro Limited, M/s. Grauer & Weil (I) Limited etc. among others.

The current manpower strength is 198 employees out of which the company has 76 personnel including Executive directors, accountants, administrative executives, supervisors, Estimation and designer, 6 business development, marketing and sales personnel and 6 employees in the purchase department.

Company Promoters:

The Promoters of the Company are Radheshyam Sharma and Jolly Multitrade Private Limited. The Promoters hold 69,21,231 Equity Shares representing 52.41% 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. Millions)
	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	13,873.29	12,817.78	12,607.20	11,671.62	9,936.60
Total Revenue	10,235.96	9,438.88	9,204.92	7,734.81	7,833.22
Profit After Tax	186.01	167.64	316.76	269.24	232.48

Objects of the Issue:

The Objects Of The Issue are-

1. Upgradation and modernization of existing manufacturing facility
2. Funding the working capital requirements of the Company
3. General corporate purposes.

Innovators Facade Systems IPO Details

IPO Opening Date	May 14, 2018
IPO Closing Date	May 16, 2018
Issue Type	Book Built Issue IPO
Face Value	₹10 per equity share
IPO Price	₹71 to ₹72 per equity share
Market Lot	1600 Shares
Min Order Quantity	1600 Shares
Listing At	BSE SME
Issue Size	5,660,800 Eq Shares of ₹10 (aggregating up to ₹40.75 Cr)

Innovators Facade Systems IPO Lot Size

The Innovators Facade Systems IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹115,200).

Application	Lots	Shares	Amount (Cut-off)
Minimum	1	1600	₹115,200
Maximum	1	1600	₹115,200

Innovators Facade Systems IPO Subscription Status (Bidding Detail)

The Innovators Facade Systems IPO is subscribed 23.45x times on May 16, 2018 17:00. The public issue subscribed 13.85x in the retail category, in the QIB category, and 28.18x in the NII category. Check Day by Day Subscription Details (Live Status)

Category	IPO Subscription
NII	28.18x
RII	13.85x
Total	23.45x

Innovators Facade Systems IPO Prospectus

Innovators Facade Systems IPO Rating

145

3.9

Rating:

Vote Here ...

Innovators Facade Systems IPO Listing Date

Listing Date	Thursday, May 24, 2018
BSE Script Code	541353
NSE Symbol
Listing In	MT
ISIN	INE870Z01015
IPO Price	₹72 per equity share
Face Value	₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume

BSE SME
₹72.00
₹72.00
₹69.00
₹75.60
₹75.60
1,664,000

Innovators Facade Systems IPO Reviews / Ratings

Dilip Davda - Other

Company Contact Information

Innovators Facade Systems Limited
204, B-65, Sector No 1,
Shanti Nagar, Mira Road (East),
Thane- 401107

Phone: 022- 28132151
Email: investors@innovators.in
Website: http://www.innovators.in

Innovators Facade Systems IPO Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: innovators.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Innovators Facade Systems IPO Lead Manager(s)

Pantomath Capital Advisors Pvt Ltd

Lead Manager Reports

Innovators Facade Systems IPO FAQs

What is Innovators Facade Systems IPO?

Innovators Facade Systems IPO is a SME IPO of 5,660,800 equity shares of the face value of ₹10 aggregating up to ₹40.75 Crores. The issue is priced at ₹71 to ₹72 per equity share. The minimum order quantity is 1600 Shares.

The IPO opens on May 14, 2018, and closes on May 16, 2018.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
When Innovators Facade Systems IPO will open?

The Innovators Facade Systems IPO opens on May 14, 2018 and closes on May 16, 2018.
What is the lot size of Innovators Facade Systems IPO?

Innovators Facade Systems IPO lot size is 1600 Shares and the minimum order quantity is 1600 Shares.
How to apply for Innovators Facade Systems IPO?

You can apply in Innovators Facade Systems 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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
When Innovators Facade Systems IPO allotment?

The finalization of Basis of Allotment for Innovators Facade Systems IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Innovators Facade Systems IPO allotment status.
When is Innovators Facade Systems IPO listing date?

The Innovators Facade Systems IPO listing date is on Thursday, May 24, 2018.

Innovators Facade Systems IPO Message Board

Ranked Members

163. Sinewave |Jul 13, 2018 09:29

IPO Mentor (500+ Posts, 300+ Likes)

I sold my allotment of INNOVATORS on 28/05/2018 @71.2 and BUY again @68.2 on same date and same account. Finally sold the IPO allotment on 30/05/2018 as it was in T category at that time.
My broker given AUCTION on 31/05/2018 @76.8.
It is surprising to me as I sold my allotment on 28 and BUY again at lower circuit as fresh. Onwards sold it as T+2 on 30/05/2018.
It is correct IMO.
Please comment what is wrong here.

Regards.

163.1. Sdpp |Jul 14, 2018 00:30

Allotment to koi bhi time bech sakta hai.. Frod broker hoga..

162. VIE |Jul 2, 2018 21:42

IPO Mentor (500+ Posts, 500+ Likes)

vijay kedia further bought this stock
https://www.bseindia.com/xml-data/corpfiling/AttachLive/62395C42_5B81_4E37_8890_084E568FB067_172250.pdf

162.1. Small Investor |Jul 9, 2018 15:11

IPO Guru (1400+ Posts, 700+ Likes)

today Bulk Deal at 58.95 of 88000 shares

161. SecTheta |Jul 2, 2018 20:50

KAL UC lagega..

160. SME Corner |Jun 7, 2018 17:06

Best buy opportunity at Current Level. Big players already brought this gem. No need to worry at all.

160.1. Small Investor |Jun 8, 2018 14:01

IPO Guru (1400+ Posts, 700+ Likes)

your suggestion are very impressive your past suggestion for BSHSL 100% acurate and Now bshsl now above 110

i have 1 lot of
innovatos ,softtech akshar and E2E

Can i hold above Stock ?

159. Informed Intelligence |Jun 7, 2018 11:59

stock is now out from T2T segment, with revised circuit filter of 20% from 5%. Volume and interest will rise in this counter. already up more than 5% intraday....

158. anujsme |Jun 5, 2018 15:10

stock will move towards it fair value of 30 rs.
very expensive . move to any other good company for returns

158.1. Small Investor |Jun 5, 2018 15:56

IPO Guru (1400+ Posts, 700+ Likes)

sir kisi ki misguide mt kro

158.2. anujsme |Jun 5, 2018 17:26

Sir, bolne se pehle check toh karlo

ajj bhi lc hai 59 rs

30-35 rs will rach in short time duration.yeh comopany bahit expensive valutaion mein hai abhi bhi

have you checked its P/E is at 60

157. Shivamsingh |Jun 3, 2018 23:28

Does anyone know about the FY18 result date of these newly listed companies?

156. RAJAKUMAR |May 24, 2018 15:22

IPO Guru (1400+ Posts, 1000+ Likes)

I sold my lot at upper circuit

Load more comments (9 replies)

156.1. AnkurGoel |May 24, 2018 16:09

Did you get allotment?

156.2. RAJAKUMAR |May 24, 2018 16:32

IPO Guru (1400+ Posts, 1000+ Likes)

No. I purchased today at 72 and sold at Rs.75.60

156.3. Ramjay |May 24, 2018 17:09

It's in T2T, intraday not allowed as per my knowledge

156.4. Prabhakaran Kuppusamy |May 24, 2018 18:45

Top Contributor (400+ Posts, 300+ Likes)

In an attempt to curb speculative trading, the National Stock Exchange (NSE) & the Bombay Stock Exchange (BSE), in consultation with SEBI, move stocks to the "trade-to-trade", "T2T" or "T" segment.

The move is a part of the preventive surveillance measure taken by the exchanges to ensure market safety and to safeguard the interest of investors.

In this segment, no speculative / intra-day trading is allowed and delivery of shares and payment of the consideration amount are mandatory. Each trade has to result in a delivery, even if you have bought and sold the shares during the same settlement cycle.

In the 'T2T' segment :-

> If you buy shares, you have to pay the money and take delivery.
> If you sell shares, you have to give the delivery of shares and you will get the money.
> No netting off is allowed, which means, if you buy today and and also sell today, the sell position will go in to auction, as you will not be able to give delivery, and you will have to pay a very heavy penalty.

One important criteria, is that, as on the review date, the security should be in 5% price filter band for at least 22 trading days. If a scrip does not meet this criteria, it cannot be moved to the "T" segment.

It must be therefore understood by traders, that the volume in this scrip is therefore all delivery volume, which is in fact a good measure of 'true interest' activity, to some extent. A high delivery volume could mean that a large number of investors are willing to buy and hold the scrip.

The "T2T' segment is not the worst segment for a scrip to be in. In fact you are protected with regards to price movement and complete speculation.The 'Z' group is the worst, and the one to be avoided. This was introduced by BSE in July 1999 and includes companies which have failed to comply with the listing requirements or have failed to resolve investor complaints or have not made the required arrangements with the depositories for demat of their securities.

156.5. Prabhakaran Kuppusamy |May 24, 2018 19:02

Top Contributor (400+ Posts, 300+ Likes)

Hi Rajkumar,
who is the broker of the trade? Ideally he shouldn't have let you do intraday on T2T.
You might get email from BSE asking for reasons why you performed intraday on restricted script. Please get some guidance from any experts/CA before responding.
I don't think you will get the money equivalent to the shares you sold intraday anytime sooner - until this issue is sorted out (assuming that the Data Warehousing and Business Intelligence System (DWBIS) fraud detection system identifies your trade).

156.6. Sinewave |May 24, 2018 20:03

IPO Mentor (500+ Posts, 300+ Likes)

@Rajkumar ji

Arrange delivery of shares sold today without allotted. Otherwise u have to face auction. Big penalty also possible and difference of t+2 also .

Get alert if really done intraday.

156.7. RAJAKUMAR |May 25, 2018 12:08

IPO Guru (1400+ Posts, 1000+ Likes)

Thank You for all cautioned me for T to T. Without knowledge i bought and sold intraday. My broker said that whenever T to T counter places order it gives alert but Innovators counter does not give any alert so we performed intra day. Lets wait till monday whether the transaction settled or not.

156.8. RAJAKUMAR |May 25, 2018 13:01

IPO Guru (1400+ Posts, 1000+ Likes)

Today my broker motilal clarifies with Delhi people and confirms it is trade to trade. I know what is trade to trade. But this counter i dont know whether it is trade to trade or not. Without knowing trade to trade this counter i performed. Cheque given for purchased shares. I cant arrange shares. So it will auction on monday after 1 pm.

156.9. Small Investor |May 25, 2018 13:29

IPO Guru (1400+ Posts, 700+ Likes)

i buy a lot yesterday can i sold my lot today

short sell to nhi jayega innovators

156.10. mittaldatt |May 25, 2018 18:32

Same thing happed to me in akshar spintex i buy 1 lot 33.40 same day price zoom 37.10 but i cant able to sale it .after four day again price was 37.10 in pre open i sale it that day

156.11. RAJAKUMAR |May 29, 2018 13:26

IPO Guru (1400+ Posts, 1000+ Likes)

I suffered loss of Rs.24k in Innovators for wrongly sold on the same day without knowing trade to trade.. My motilal broker debited 24k in my account.

155. v for vendetta |May 28, 2018 12:19

Top Contributor (300+ Posts, 300+ Likes)

Exited my 2 lots on listing day almost at par.
I think its better to avoid BSE SME's irrespective of LM, high subscription, and Vijay kedia etc. BSE SME's have been worst performer, either they will tank on listing day or afterwards.
But they will tank for sure. See Dynamic Cables, Jhandewala etc

155.1. CPHArun |May 28, 2018 14:51

I dont understand why would people go to the hassle of buying lots for a SME IPO and selling on same day. It does not make any sense. SME IPOs is for long term.

154. BULLS OF INDIA |May 25, 2018 12:53

Top Contributor (200+ Posts)

Golden opportunity to buy this good quality stock in very cheap price, it will zoom till June 7th when it will be out of T2T segment. Already added a lot more today and yesterday too. Will hold at least for a year. After all this company is backed by renowned investor Mr VIjay Kedia.

Load more comments (1 replies)

154.2. anujsme |May 28, 2018 10:51

vijay kedia bought at 62 rs.
why are you paying premium for that. think it should god own to 60-62 rs level.

154.3. abhipatel |May 28, 2018 11:11

T2T ke bad kya hoga.......

153. BULLS OF INDIA |May 27, 2018 10:22

Top Contributor (200+ Posts)

This stock (Innovators) is facing effect of U H ZAVERY'S bad listing only, which will end soon. Nothing wrong with this company for sure. Really once in a lifetime golden opportunity to buy good quality shares around IPO price as much as you can, i have converted my all money into this quality shares in a average price (inclusive of all) of Rs 72.15. will buy 1 more lot on Monday as i have only that much of money left presently. You can find from basis of allotment that for sure allotment of 14400 shares (nearly Rs 8 lakhs) one had to bid more than Rs 9 crores. So guys take good advise from me and buy as much as you can. you will regret for sure if you don't. MARK MY WORD. This hangover will soon disappear and fresh uptrend will started soon. P.S.: This stock will be out of T2T category on June 7th 2018.

Load more comments (2 replies)

153.3. BULLS OF INDIA |May 28, 2018 07:54

Top Contributor (200+ Posts)

Dear CPHArun i have watched promoters interview on CNBC Aawaz at YouTube they have around 300 Crore order book presently & they even told that order book is not an issue for them and they can comfortably add 250 crores of orders at any time. Issue is only capacity & up gradation for which they are raising fund thru this IPO.

153.4. Sdpp |May 28, 2018 09:52

Bhai Ani ne bhi 4 time 20 persant ki Cirket lagai thi. Abhi bhav dekho

152. SecTheta |May 18, 2018 13:13

Facade ki Jad hai yeh :P
On a serious note, I think this will also list flat and may be available at issue price.. recent trend of Pantomath IPOs..

Load more comments (12 replies)

152.13. SecTheta |May 30, 2018 22:47

OPO jab Bhagega to rukega nahii.. I like it more than any other SME peer.. :)

152.14. smallTimeInvestor |Jun 3, 2018 14:39

Thanks secTheta. Looking at current environment, I feel wait and watch is good approach for some days to buy OPO. There management seems good, taking right steps.

151. INVESTIGATOR |May 25, 2018 13:18

Top Contributor (200+ Posts, 100+ Likes)

INNOVATORS FACADE SME
*Subscription
QIB: 12.15 X
NII: 93.89 X
RII: 20.22 X
*Total: 33.70 X
Total No of App: 23995
+ Anchors Allocation
& NOW at LOWER CIRCUIT + UNDER RATE
*****WONDERFUL !!!
I think, We have to WAIT

Load more comments (1 replies)

151.2. INVESTIGATOR |May 25, 2018 13:46

Top Contributor (200+ Posts, 100+ Likes)

I am having Allotted TWO Lots

151.3. abhipatel |May 25, 2018 17:08

Yes......wait and watch.......

150. Sdpp |May 25, 2018 15:09

Exit innovators. Continue panic Stok.

149. CPHArun |May 25, 2018 14:59

How do you invest in SME IPO and look for short term gain ?
If you trust the company & your idea to invest in it , it has to be long term.

148. share blaster |May 25, 2018 11:50

monday target @83 +

148.1. anujsme |May 25, 2018 12:54

HAHAHA

83 or 68

147. abhipatel |May 25, 2018 12:09

Why lc becouse good sme ......

146. share blaster |May 25, 2018 12:01

buy one more lot @73.75 confrm hit uc

145. share blaster |May 25, 2018 11:45

buy 1 lot @73 closing tym of market it shows upper circuit

144. abhipatel |May 25, 2018 00:23

T2t trade minimum day??

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