Innokaiz India IPO

Innokaiz India IPO will open for subscription from 28 April 2023. the company aims for an issue size of ₹21.17 Cr through this IPO.

About Company

Incorporated in 2013, Innokaiz India offers a comprehensive range of services covering advertising and marketing solutions including digital marketing, corporate travel arrangements, gifting solutions, event management, etc.  Recently, it has also ventured into a new business vertical i.e., e-commerce business. Innokaiz India made a world record for conducting 15,250 road shows / lead generations/sales promotion activities and was recognized by the Lincoln Book of Records for the same.

The company’s service model is divided into the following categories:

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, it provides Backlit Board, Nonlit Board, ACP Pylon, Acrylic Boards, Cutout, Standee, etc.

Digital Marketing – It provides services in SEO, UI/UX, Content Marketing, Web Development, etc.

  • Event Management: It organizes and manages all the requirements for corporate events including meetings, incentive programs, conferences, and exhibitions (MICE). The company is engaged in MICE programs with a track record of almost 2,000 events of various magnitudes already under its belt.
  • Corporate Gifting: The company has expertise in providing gifting solutions suitable for all kinds of corporate needs. It also provides customized solutions suitable to all occasions including personalization and providing logo printing as per designs.
  • E-Commerce: It also provides Home Appliances, Electronic Gadgets, Mobiles, Laptops, Toys & day to day needs products through its e-commerce platform.

Basic details about the company

Full nameInnokaiz India Limited
Company Website

The Objective of the Issue

  • Working capital requirements, and
  • General corporate purposes.

IPO Timetable

IPO Opening date28 April 2023
IPO Closing03 May 2023
Basis of Allotment08 May 2023
Initiation Refund09 May 2023
Credit to Demat Account10 May 2023
Listing Date11 May 2023

IPO details

Issue typeBook Built Issue IPO
IPO issue size₹21.17 Cr – 2,713,600 shares
Fresh Issue₹21.17 Cr – 2,713,600 shares
Offer for saleNil
Face value₹10 per share
Price Band₹76 to ₹78 per share
Lot size1600 Shares
Retail Allocation 35%
Listing ExchangeBSE SME

IPO Lot Size

Retail (Min)11600₹124,800
Retail (Max)11600₹124,800
HNI (Min)23,200₹249,600

Reservation Details

QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Financial Performance

 FY 2020FY 2021FY 20227M FY 2023
Net income3.625.097.926.10
(Amount in ₹ Crores)

Valuations & Margins

FY 2020FY 2021FY 2022
PE ratio7.21 – 7.40
RONW (%)66.7148.4442.96
ROCE (%)79.1463.5056.46
EBITDA (%)3.583.853.85

Company Promoters

  • Mr. Balakrishnan Sukumarbalakrishnan

Promoter Holding

Pre Issue Share Holding98%
Post Issue Share Holding71.99%

Lead Manager(s)

Office No. 13, 1st Floor,
New Bansilal Building, Raja Bahadur Mansion,
9-15, Homi Modi Street, Fort, Mumbai– 400001
Phone: +91 96532 49863

IPO Registrar

Office No. S6-2, 6th Floor,
Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East,
Mumbai – 400 093
Phone: +91 22 6263 8200

Contact Details

Door No. 43, Old No. 22, Real Enclave,
Flat No. 1, 4th Floor, Josier Street,
Nungambakkam, Chennai- 600034, Tamil Nadu
Phone: 044-28250545

Allotment Status

Innokaiz India IPO allotment status will be available on Bigshare Services’ website. Click on Bigshare Services weblink to get allotment status.

Final thoughts

Innokaiz India IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

Leave a Comment

Your email address will not be published. Required fields are marked *