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

May 14, 2018 - May 16, 2018

Innovators Facade Systems IPO is a book built issue of Rs 40.75 crores.

Innovators Facade Systems IPO bidding started from May 14, 2018 and ended on May 16, 2018. The shares got listed on BSE SME on May 24, 2018.

Innovators Facade Systems IPO price band is set at ₹71 to ₹72 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹115,200.

Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the Innovators Facade Systems IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Innovators Facade Systems IPO RHP for detailed information.

Innovators Facade Systems IPO Details

IPO Date May 14, 2018 to May 16, 2018
Listing Date May 24, 2018
Face Value ₹10 per share
Price Band ₹71 to ₹72 per share
Lot Size 1600 Shares
Total Issue Size5,660,800 shares
(aggregating up to ₹40.75 Cr)
Issue Type Book Built Issue IPO
Listing At BSE SME
Market Maker portion288,000 shares

Innovators Facade Systems IPO Reservation

Innovators Facade Systems IPO a total of 5,948,800 shares are offered. RII: 2,686,400 (45.16%), NII: 2,686,400 (45.16%).

Anchor Investor Shares Offered-
Market Maker Shares Offered288,000 (4.84%)
NII (HNI) Shares Offered2,686,400 (45.16%)
Retail Shares Offered2,686,400 (45.16%)
Other Shares Offered288,000 (4.84%)
Total Shares Offered5,948,800 (100%)

Innovators Facade Systems IPO Lot Size

Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 1600 ₹115,200
Retail (Max) 1 1600 ₹115,200
Lot Size Calculator

About Innovators Facade Systems Limited

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 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 (Innovators Facade Systems IPO Objectives)

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 Review (May apply)

[Dilip Davda]  

Although company posted rising trends for top lines for last five fiscals, sudden drop in bottom lines for FY16 and FY17 and spectacular rise for first nine months of FY18 raises concern on sustainability. It is aggressively priced offer based on its performance so far. Investors may consider investment at their own risk.

Read detail review...

Innovators Facade Systems IPO Subscription Status (Bidding Detail)

The Innovators Facade Systems IPO is subscribed 23.45 times on May 16, 2018 5:00:00 PM. The public issue subscribed 13.85 times in the retail category, times in the QIB category, and 28.18 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Innovators Facade Systems IPO Prospectus

Innovators Facade Systems IPO Rating

Rating:Rated 3.9 stars
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Innovators Facade Systems IPO Listing Details

Listing Date May 24, 2018
BSE Script Code 541353
NSE Symbol
ISIN INE870Z01015
Final Issue Price ₹72 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Innovators Facade Systems IPO Contact Details

Innovators Facade Systems Limited
204, B-65, Sector No 1,
Shanti Nagar, Mira Road (East),
Thane- 401107
Phone: 022- 28132151

Innovators Facade Systems IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Innovators Facade Systems IPO - Buy or Not

Innovators Facade Systems IPO Recommendation Summary

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Members 0 0 0

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Innovators Facade Systems IPO FAQs

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 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.

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

Innovators Facade Systems IPO lot size is 1600 Shares, and the minimum amount required is ₹115,200.

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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

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.

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

Ranked Members of Forum  Ranked Members | Most Liked Members



163. Sinewave |   Link |Jul 13, 2018 8:29:16 AM
IPO Mentor IPO Mentor (600+ 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.

163.1. Sdpp |   Link |Jul 13, 2018 11:30:23 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Allotment to koi bhi time bech sakta hai.. Frod broker hoga..
162. VIE |   Link |Jul 2, 2018 8:42:01 PM (500+ Posts, 500+ Likes)
vijay kedia further bought this stock
162.1. Small Investor |   Link |Jul 9, 2018 2:11:57 PM
IPO Guru IPO Guru (1700+ Posts, 900+ Likes)
today Bulk Deal at 58.95 of 88000 shares
161. SecTheta |   Link |Jul 2, 2018 7:50:23 PM
KAL UC lagega..
160. SME Corner |   Link |Jun 7, 2018 4:06:24 PM
Best buy opportunity at Current Level. Big players already brought this gem. No need to worry at all.
160.1. Small Investor |   Link |Jun 8, 2018 1:01:17 PM
IPO Guru IPO Guru (1700+ Posts, 900+ 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 |   Link |Jun 7, 2018 10:59:20 AM
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 |   Link |Jun 5, 2018 2:10:14 PM
stock will move towards it fair value of 30 rs.
very expensive . move to any other good company for returns
158.1. Small Investor |   Link |Jun 5, 2018 2:56:43 PM
IPO Guru IPO Guru (1700+ Posts, 900+ Likes)
sir kisi ki misguide mt kro
158.2. anujsme |   Link |Jun 5, 2018 4:26:07 PM
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 |   Link |Jun 3, 2018 10:28:41 PM
Does anyone know about the FY18 result date of these newly listed companies?
156. RAJAKUMAR |   Link |May 24, 2018 2:22:02 PM (1400+ Posts, 1200+ Likes)
I sold my lot at upper circuit
156.10. mittaldatt |   Link |May 25, 2018 5:32:33 PM
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 |   Link |May 29, 2018 12:26:35 PM (1400+ Posts, 1200+ 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 |   Link |May 28, 2018 11:19:33 AM
Top Contributor Top Contributor (400+ Posts, 400+ 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 |   Link |May 28, 2018 1:51:44 PM
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 |   Link |May 25, 2018 11:53:06 AM (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.
154.2. anujsme |   Link |May 28, 2018 9:51:28 AM
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 |   Link |May 28, 2018 10:11:08 AM
T2T ke bad kya hoga.......
153. BULLS OF INDIA |   Link |May 27, 2018 9:22:09 AM (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.
153.3. BULLS OF INDIA |   Link |May 28, 2018 6:54:03 AM (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 |   Link |May 28, 2018 8:52:18 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Bhai Ani ne bhi 4 time 20 persant ki Cirket lagai thi. Abhi bhav dekho
152. SecTheta |   Link |May 18, 2018 12:13:49 PM
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..
152.13. SecTheta |   Link |May 30, 2018 9:47:46 PM
OPO jab Bhagega to rukega nahii.. I like it more than any other SME peer.. :)
152.14. smallTimeInvestor |   Link |Jun 3, 2018 1:39:06 PM
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 |   Link |May 25, 2018 12:18:25 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
QIB: 12.15 X
NII: 93.89 X
RII: 20.22 X
*Total: 33.70 X
Total No of App: 23995
+ Anchors Allocation
*****WONDERFUL !!!
I think, We have to WAIT
151.2. INVESTIGATOR |   Link |May 25, 2018 12:46:17 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
I am having Allotted TWO Lots
151.3. abhipatel |   Link |May 25, 2018 4:08:01 PM
Yes......wait and watch.......
150. Sdpp |   Link |May 25, 2018 2:09:07 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Exit innovators. Continue panic Stok.
149. CPHArun |   Link |May 25, 2018 1:59:04 PM
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 |   Link |May 25, 2018 10:50:41 AM
monday target @83 +
148.1. anujsme |   Link |May 25, 2018 11:54:27 AM

83 or 68
147. abhipatel |   Link |May 25, 2018 11:09:17 AM
Why lc becouse good sme ......
146. share blaster |   Link |May 25, 2018 11:01:05 AM
buy one more lot @73.75 confrm hit uc
145. share blaster |   Link |May 25, 2018 10:45:26 AM
buy 1 lot @73 closing tym of market it shows upper circuit
144. abhipatel |   Link |May 24, 2018 11:23:30 PM
T2t trade minimum day??