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Innovatus Entertainment Networks IPO is a fixed price issue of Rs 7.74 crores. The issue is entirely a fresh issue of 15.48 lakh shares.
Innovatus Entertainment Networks IPO bidding started from July 25, 2023 and ended on July 27, 2023. The allotment for Innovatus Entertainment Networks IPO was finalized on Tuesday, August 1, 2023. The shares got listed on BSE SME on August 4, 2023.
Innovatus Entertainment Networks IPO price is ₹50 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹150,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹300,000.
Inventure Merchant Banker Services Pvt Ltd is the book running lead manager of the Innovatus Entertainment Networks IPO, while Purva Sharegistry India Pvt Ltd is the registrar for the issue. The market maker for Innovatus Entertainment Networks IPO is Pure Broking.
Refer to Innovatus Entertainment Networks IPO RHP for detailed information.
| IPO Date | July 25, 2023 to July 27, 2023 |
| Listing Date | August 4, 2023 |
| Face Value | ₹10 per share |
| Price | ₹50 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 1,548,000 shares (aggregating up to ₹7.74 Cr) |
| Fresh Issue | 1,548,000 shares (aggregating up to ₹7.74 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 2,410,000 |
| Share holding post issue | 3,958,000 |
| Market Maker portion | 78,000 shares Pure Broking |
Innovatus Entertainment Networks IPO offers 1,548,000 shares. 735,000 (47.48%) to NII, 735,000 (47.48%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 78,000 (5.04%) |
| Other Shares Offered | 735,000 (47.48%) |
| Retail Shares Offered | 735,000 (47.48%) |
| Total Shares Offered | 1,548,000 (100%) |
Innovatus Entertainment Networks IPO opens on July 25, 2023, and closes on July 27, 2023.
| IPO Open Date | Tuesday, July 25, 2023 |
| IPO Close Date | Thursday, July 27, 2023 |
| Basis of Allotment | Tuesday, August 1, 2023 |
| Initiation of Refunds | Wednesday, August 2, 2023 |
| Credit of Shares to Demat | Thursday, August 3, 2023 |
| Listing Date | Friday, August 4, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 27, 2023 |
Investors can bid for a minimum of 3000 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 | 3000 | ₹150,000 |
| Retail (Max) | 1 | 3000 | ₹150,000 |
| HNI (Min) | 2 | 6,000 | ₹300,000 |
| Lot Size Calculator | |||
Azharuddin R. Mulla, Rich Pockets Online Services Limited and Miniboss Consultancy Private Limited are the company promoters.
| Share Holding Pre Issue | 99.97% |
| Share Holding Post Issue | 60.87% |
Incorporated in 2012, Innovatus Entertainment Networks Limited offers all the Direct marketing solutions- Management, CRM, B2B and B2C, Activations, and Exhibitions. The company offers services such as Event Management, Activations, and Exhibitions including services like Event Co-ordination, Pre and Post event Publicity, Production, Printing and Distribution, Venue Research and Booking, Staffing, Guest speakers, Celebrity Management, Transport, Accommodation and Catering, Translators, On-site management, Most advanced technical support, and School/college activation. Mall promotion, Society promotion, Event Production, Exhibition, Design and Fabrication, Semi and Permanent Displays, Electrical Construction and Consultation, Graphic illustration and Production, Lighting, Semi, and Permanent Sign age and Bill Board, Lettering, Global Exhibit Management and Custom and System Rental Program.
Competitive Strengths:
1. Creative activations and lateral approach to innovative concepts and their flawless execution.
2. Engage Partnership & Sponsorship.
3. Focus on clients.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 449.41 | 1,042.12 | 29.44 | 171.61 | 170.61 | 0.00 |
| 31-Mar-21 | 597.72 | 784.07 | 33.38 | 205.00 | 204.00 | 152.34 |
| 31-Mar-22 | 530.83 | 787.90 | 30.19 | 235.19 | 34.19 | 152.34 |
| 31-Mar-23 | 822.63 | 1,093.93 | 48.26 | 483.45 | 242.45 | 152.34 |
| Amount in ₹ Lakhs | ||||||
The market capitalization of Innovatus Entertainment Networks IPO is Rs 19.79 Cr.
| KPI | Values |
|---|---|
| ROE | 9.98% |
| ROCE | 11.32% |
| Debt/Equity | 0.32 |
| RoNW | 9.98% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2 | |
| P/E (x) | 41 |
The company proposes to utilize the net proceeds from the issue towards funding the following objectives:
1. Augmenting additional working capital requirements.
2. Purchase of Exhibition Related Material.
3. General Corporate Purposes.
[Dilip Davda] The company operates in a highly competitive and fragmented segment with many players around. The sudden boost in its top and bottom line for FY23 raise eyebrows and concern over the sustainability going forward. Based on such super earnings, the issue appears exorbitantly priced. Tiny equity capital post-IPO indicates a longer gestation period for migration to the mainboard. There is no harm in skipping this pricey issue. Read detail review...
The Innovatus Entertainment Networks IPO is subscribed 105.21 times on July 27, 2023 7:02:00 PM. The public issue subscribed 150.50 times in the retail category, times in the QIB category, and 56.58 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 56.58 |
| Retail | 150.50 |
| Total | 105.21 |
Total Application : 38,990 (159.14 times)
| Listing Date | August 4, 2023 |
| BSE Script Code | 543951 |
| NSE Symbol | |
| ISIN | INE0LYO01018 |
| Final Issue Price | ₹50 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹50.00 |
| ₹46.52 |
| ₹46.52 |
| ₹48.00 |
| ₹46.52 |
Innovatus Entertainment Networks Limited
407, Crescent Royale,
Off New Link Road,
Andheri West, Mumbai – 400053, Maharashtra, Indi
Phone: +91 22 4016 5928
Email: cs@innovatus.info
Website: http://www.innovatus.info/
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
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Innovatus Entertainment Networks IPO is a SME IPO of 1,548,000 equity shares of the face value of ₹10 aggregating up to ₹7.74 Crores. The issue is priced at ₹50 per share. The minimum order quantity is 3000 Shares.
The IPO opens on July 25, 2023, and closes on July 27, 2023.
Purva Sharegistry India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Innovatus Entertainment Networks IPO using UPI as a payment gateway. Zerodha customers can apply in Innovatus Entertainment Networks IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Innovatus Entertainment Networks IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Innovatus Entertainment Networks IPO opens on July 25, 2023 and closes on July 27, 2023.
Innovatus Entertainment Networks IPO lot size is 3000 Shares, and the minimum amount required is ₹150,000.
You can apply in Innovatus Entertainment Networks 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 Innovatus Entertainment Networks IPO will be done on Tuesday, August 1, 2023, and the allotted shares will be credited to your demat account by Thursday, August 3, 2023. Check the Innovatus Entertainment Networks IPO allotment status.
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