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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.
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.
| 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.
| 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) |
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 |
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 5/16/2018 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 | Thursday, May 24, 2018 |
| BSE Script Code | 541353 |
| NSE Symbol | |
| Listing In | MT Group of Securities |
| ISIN | INE870Z01015 |
| IPO Price | ₹72 per equity share |
| Face Value | ₹10 per equity share |
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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/
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.
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 order quantity is 1600 Shares.
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.
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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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.