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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.
| 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 Size | 5,660,800 shares (aggregating up to ₹40.75 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 288,000 shares |
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 Offered | 288,000 (4.84%) |
| NII (HNI) Shares Offered | 2,686,400 (45.16%) |
| Retail Shares Offered | 2,686,400 (45.16%) |
| Other Shares Offered | 288,000 (4.84%) |
| Total Shares Offered | 5,948,800 (100%) |
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 | |||
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.
| 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 | |
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.
[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...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)
| Category | Subscription (times) |
|---|---|
| NII | 28.18 |
| Retail | 13.85 |
| Total | 23.45 |
| Listing Date | May 24, 2018 |
| BSE Script Code | 541353 |
| NSE Symbol | |
| ISIN | INE870Z01015 |
| Final Issue Price | ₹72 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹72.00 |
| ₹72.00 |
| ₹69.00 |
| ₹75.60 |
| ₹75.60 |
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
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: innovators.ipo@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html
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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.
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RHP
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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.