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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

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 Size5,660,800 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 Review

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 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)

CategorySubscription (times)
NII28.18
Retail13.85
Total23.45

Innovators Facade Systems IPO Prospectus

Innovators Facade Systems IPO Rating

145
3.9
Rating:Rated 3.9 stars
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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 Group of Securities
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
BSE SME
₹72.00
₹72.00
₹69.00
₹75.60
₹75.60

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

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

Innovators Facade Systems IPO Reviews / Ratings

Innovators Facade Systems IPO Lead Manager(s)

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 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.

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

Innovators Facade Systems IPO Message Board

Ranked Members  Ranked Members

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296 Comments

163. Sinewave |Jul 13, 2018 9:29:16 AM
IPO Mentor 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 12:30:23 AM
Allotment to koi bhi time bech sakta hai.. Frod broker hoga..
162. VIE |Jul 2, 2018 9:42:01 PM
IPO Mentor 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 3:11:57 PM
IPO Guru IPO Guru (1500+ Posts, 800+ Likes)
today Bulk Deal at 58.95 of 88000 shares
161. SecTheta |Jul 2, 2018 8:50:23 PM
KAL UC lagega..
160. SME Corner |Jun 7, 2018 5:06:24 PM
Best buy opportunity at Current Level. Big players already brought this gem. No need to worry at all.
160.1. Small Investor |Jun 8, 2018 2:01:17 PM
IPO Guru IPO Guru (1500+ Posts, 800+ 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 11:59:20 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 |Jun 5, 2018 3:10:14 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 |Jun 5, 2018 3:56:43 PM
IPO Guru IPO Guru (1500+ Posts, 800+ Likes)
sir kisi ki misguide mt kro
158.2. anujsme |Jun 5, 2018 5:26:07 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 |Jun 3, 2018 11:28:41 PM
Does anyone know about the FY18 result date of these newly listed companies?
156. RAJAKUMAR |May 24, 2018 3:22:02 PM
IPO Guru IPO Guru (1400+ Posts, 1100+ Likes)
I sold my lot at upper circuit
156.10. mittaldatt |May 25, 2018 6:32:33 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 |May 29, 2018 1:26:35 PM
IPO Guru IPO Guru (1400+ Posts, 1100+ 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 12:19:33 PM
Top Contributor 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 2:51:44 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 |May 25, 2018 12:53:06 PM
Top Contributor 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.
154.2. anujsme |May 28, 2018 10:51:28 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 |May 28, 2018 11:11:08 AM
T2T ke bad kya hoga.......
153. BULLS OF INDIA |May 27, 2018 10:22:09 AM
Top Contributor 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.
153.3. BULLS OF INDIA |May 28, 2018 7:54:03 AM
Top Contributor 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 9:52:18 AM
Bhai Ani ne bhi 4 time 20 persant ki Cirket lagai thi. Abhi bhav dekho
152. SecTheta |May 18, 2018 1:13:49 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 |May 30, 2018 10:47:46 PM
OPO jab Bhagega to rukega nahii.. I like it more than any other SME peer.. :)
152.14. smallTimeInvestor |Jun 3, 2018 2:39:06 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 |May 25, 2018 1:18:25 PM
Top Contributor Top Contributor (300+ 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
151.2. INVESTIGATOR |May 25, 2018 1:46:17 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
I am having Allotted TWO Lots
151.3. abhipatel |May 25, 2018 5:08:01 PM
Yes......wait and watch.......
150. Sdpp |May 25, 2018 3:09:07 PM
Exit innovators. Continue panic Stok.
149. CPHArun |May 25, 2018 2:59:04 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 |May 25, 2018 11:50:41 AM
monday target @83 +
148.1. anujsme |May 25, 2018 12:54:27 PM
HAHAHA

83 or 68
147. abhipatel |May 25, 2018 12:09:17 PM
Why lc becouse good sme ......
146. share blaster |May 25, 2018 12:01:05 PM
buy one more lot @73.75 confrm hit uc
145. share blaster |May 25, 2018 11:45:26 AM
buy 1 lot @73 closing tym of market it shows upper circuit
144. abhipatel |May 25, 2018 12:23:30 AM
T2t trade minimum day??