Innovatus Entertainment Networks Limited IPO Detail
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.
Company Promoters
IPO Details
| IPO Opening Date | Jul 25, 2023 |
| IPO Closing Date | Jul 27, 2023 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹50 per equity share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹7.74 Cr |
| Fresh Issue | ₹7.74 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.00x | 0.00x | 0.00x | |
| Day 2 | - | - | 2.62x | 11.55x | 7.61x | |
| Day 3 | - | - | 15.66x | 50.48x | 34.63x | |
| Day 4 | - | - | 56.58x | 150.44x | 105.18x |
IPO Tentative Timetable
The Innovatus Entertainment Networks Limited IPO open date is Jul 25, 2023, and the close date is Jul 27, 2023. The issue may list on Aug 04, 2023.
| IPO Open Date | Jul 25, 2023 |
| IPO Close Date | Jul 27, 2023 |
| Basis of Allotment Date | Aug 01, 2023 |
| Initiation of Refunds | Aug 02, 2023 |
| Credit of Shares to Demat Account | Aug 03, 2023 |
| IPO Listing Date | Aug 04, 2023 |
IPO Lot Size
The Innovatus Entertainment Networks Limited IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹150000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹150000 |
| Maximum | 1 | 3000 | ₹150000 |
IPO Promoter Holding
| Pre Issue Share Holding | 99.97% |
| Post Issue Share Holding | 60.87% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 597.72 | 784.07 | 33.38 |
| 31-Mar-22 | 530.83 | 787.90 | 30.19 |
| 30-Sep-22 | 591.86 | 683.64 | 29.90 |
Objects of the Issue:
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.
Innovatus Entertainment Networks Limited IPO Registrar:
Purva Sharegistry India Pvt Ltd
Innovatus Entertainment Networks Limited IPO Lead Manager(s):
Inventure Merchant Banker Services Pvt Ltd
Company Contact Information:
Innovatus Entertainment Networks Limited
407, Crescent Royale,
Off New Link Road,
Andheri West, Mumbai – 400053, Maharashtra, Indi
