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

May 14, 2018 - May 16, 2018

Incorporated in 1999, Maharastra based Innovators Façade Systems Limited is a company engaged in designing, engineering, fabrication, and installation of façade systems. The company offers total solutions to its customers with respect to their requirement of façade 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 façade 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
Issue Open	May 14, 2018 - May 16, 2018
Issue Type	Book Built Issue IPO
Issue Size	5,660,800 Eq Shares of Rs 10 (aggregating up to Rs 40.75 Cr)
Face Value	Rs 10 Per Equity Share
Issue Price	Rs 71 - Rs 72 Per Equity Share
Market Lot	1600 Shares
Min Order Quantity	1600 Shares
Listing At	BSE SME

Innovators Facade Systems IPO Subscription Status (Live)

Innovators Facade Systems IPO how much subscribed?
	No. of Times Issue Subscribed (BSE + NSE)
As on Date & Time	NII	RII	Total
Shares Offered	2,686,400	2,686,400	5,372,800
May 16, 2018 17:00	28.18x	13.85x	23.45x

Innovators Facade Systems IPO Prospectus

› Draft Prospectus
› Red Herring Prospectus

Innovators Facade Systems IPO Rating

145

3.9

Rating:

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Innovators Facade Systems IPO Listing Date

› Listing Date: Thursday, May 24, 2018
› BSE Script Code: 541353
› NSE Symbol:
› Listing In: MT
› ISIN: INE870Z01015
› Issue Price: Rs 72 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 72.00
Rs 72.00
Rs 69.00
Rs 75.60
Rs 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
Fax: 022- 28132151
Email: investors@innovators.in
Website: http://www.innovators.in

Innovators Facade Systems IPO Registrar

Link Intime India Private Ltd   »  Report
   Link Intime India Private Ltd,
   C-13 Pannalal Silk Mills Compound,
   LBS Marg, Bhandup West, Mumbai 400078

Phone: +91-22-25963838
Fax: +91-22-25946969
Email: innovators.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Innovators Facade Systems IPO Lead Manager(s)

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Innovators Facade Systems IPO Review / Comments

163. Sinewave Jul 13, 2018 08:29

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 13, 2018 23:30

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

162. VIE Jul 2, 2018 20:42

1 |

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 14:11

Top Contributor (400+ Posts, 100+ Likes)

today Bulk Deal at 58.95 of 88000 shares

161. SecTheta Jul 2, 2018 19:50

KAL UC lagega..

160. SME Corner Jun 7, 2018 16:06

1 |

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 13:01

Top Contributor (400+ Posts, 100+ 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 10:59

1 |

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 14:10

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 14:56

Top Contributor (400+ Posts, 100+ Likes)

sir kisi ki misguide mt kro

158.2. anujsme Jun 5, 2018 16:26

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 22:28

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

156. RAJAKUMAR May 24, 2018 14:22

IPO Mentor (800+ Posts, 500+ Likes)

I sold my lot at upper circuit

Load more comments (9 replies)

156.1. AnkurGoel May 24, 2018 15:09

IPO Mentor (900+ Posts, 800+ Likes)

Did you get allotment?

156.2. RAJAKUMAR May 24, 2018 15:32

IPO Mentor (800+ Posts, 500+ Likes)

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

156.3. Ramjay May 24, 2018 16:09

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

156.4. Prabhakaran Kuppusamy May 24, 2018 17:45

3 |

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 18:02

1 |

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 19:03

1 |

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 11:08

IPO Mentor (800+ Posts, 500+ 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 12:01

IPO Mentor (800+ Posts, 500+ 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 12:29

Top Contributor (400+ Posts, 100+ Likes)

i buy a lot yesterday can i sold my lot today

short sell to nhi jayega innovators

156.10. mittaldatt May 25, 2018 17:32

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 12:26

IPO Mentor (800+ Posts, 500+ 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 11:19

Top Contributor (200+ Posts, 200+ 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 13:51

1 |

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 11:53

1 |

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 09:51

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 10:11

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

153. BULLS OF INDIA May 27, 2018 09:22

1 |

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 06:54

1 |

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 08:52

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

152. SecTheta May 18, 2018 12:13

2 |

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 21:47

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

152.14. smallTimeInvestor Jun 3, 2018 13:39

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 12:18

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 12:46

Top Contributor (200+ Posts, 100+ Likes)

I am having Allotted TWO Lots

151.3. abhipatel May 25, 2018 16:08

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

150. Sdpp May 25, 2018 14:09

Exit innovators. Continue panic Stok.

149. CPHArun May 25, 2018 13:59

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 10:50

monday target @83 +

148.1. anujsme May 25, 2018 11:54

HAHAHA

83 or 68

147. abhipatel May 25, 2018 11:09

Why lc becouse good sme ......

146. share blaster May 25, 2018 11:01

buy one more lot @73.75 confrm hit uc

145. share blaster May 25, 2018 10:45

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

144. abhipatel May 24, 2018 23:23

T2t trade minimum day??

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

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Company Promoters:

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