Innokaiz India Limited IPO Detail
Incorporated in 2013, Innokaiz India Limited provides event management, corporate gifting, advertising, and marketing services through both offline and online formats.
The company's service model is divided into the following categories:
1. Advertising and Marketing Services:
- Outdoor Advertisements: The company provides services at outdoor Bus Shelters, Arches, Police Booth, General Booth, Pole Kiosk, Signal Post, Temp Hoarding, Sun Pack flute Board, Backdrop, Banners, Roadshows, Mobile Vans, Etc. In signage: Backlit Board, Nonlit Board, ACP Pylon, Acrylic Boards, Cutout, Standee, Etc.
- Digital Marketing: SEO, UI/UX, Content Marketing, and Web Development.
2. Event Management: The company organizes and manages all the requirements for Corporate Events including Meetings, Incentive Programs, and Conferences, Exhibitions (MICE). They arrange events for Banking, Insurance, Asset Management Companies, etc., and have organized over 200 events of various magnitudes so far.
3. Corporate Gifting: The company provides corporate gifting vouchers and customized solutions suitable to all occasions including personalization and providing logo printing as per designs.
4. E-commerce: The company also provides Home Appliances, Electronic Gadgets, Mobiles, Laptops, Toys & day to day needs products through its e-commerce platform.
The company holds World Record for Conducting 15,250 Roadshows/ Lead Generation and Sales Promotion activities.
Company Promoters
Mr. Balakrishnan SukumarbalakrishnanIPO Details
| IPO Opening Date | Apr 28, 2023 |
| IPO Closing Date | May 03, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹76 - 78 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | BSE SME |
| Issue Size | ₹21.17 Cr |
| Fresh Issue | ₹21.17 Cr |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.00x | - | - | 0.03x | 0.28x | 0.14x |
| Day 2 | 1.10x | - | - | 4.54x | 4.63x | 3.67x |
| Day 3 | 23.93x | - | - | 224.93x | 46.10x | 88.43x |
IPO Tentative Timetable
The Innokaiz India Limited IPO open date is Apr 28, 2023, and the close date is May 03, 2023. The issue may list on May 11, 2023.
| IPO Open Date | Apr 28, 2023 |
| IPO Close Date | May 03, 2023 |
| Basis of Allotment Date | May 08, 2023 |
| Initiation of Refunds | May 09, 2023 |
| Credit of Shares to Demat Account | May 10, 2023 |
| IPO Listing Date | May 11, 2023 |
IPO Lot Size
The Innokaiz India Limited IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹124800).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹124800 |
| Maximum | 1 | 1600 | ₹124800 |
IPO Promoter Holding
| Pre Issue Share Holding | 98.00 |
| Post Issue Share Holding | 71.99 |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 2,568.38 | 13,872.44 | 361.55 |
| 31-Mar-21 | 3,871.07 | 18,506.21 | 509.15 |
| 31-Mar-22 | 4,972.47 | 28,609.09 | 791.63 |
| 31-Oct-22 | 4,763.15 | 14,883.52 | 610.28 |
Objects of the Issue:
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Working capital requirements, and
- General corporate purposes.
Innokaiz India Limited IPO Registrar:
Bigshare Services Pvt Ltd
Innokaiz India Limited IPO Lead Manager(s):
Gretex Corporate Services Pvt Ltd
Company Contact Information:
Innokaiz India Limited
Door No. 43, Old No. 22,
Real Enclave, Flat No. 1, 4th Floor,
Josier Street, Nungambakkam, Chennai- 600034
