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 name | Innokaiz India Limited |
| Sector | Miscellaneous |
| Industry | Miscellaneous |
| Company Website | https://www.innokaizindia.com/ |
The Objective of the Issue
- Working capital requirements, and
- General corporate purposes.
IPO Timetable
| IPO Opening date | 28 April 2023 |
| IPO Closing | 03 May 2023 |
| Basis of Allotment | 08 May 2023 |
| Initiation Refund | 09 May 2023 |
| Credit to Demat Account | 10 May 2023 |
| Listing Date | 11 May 2023 |
IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹21.17 Cr – 2,713,600 shares |
| Fresh Issue | ₹21.17 Cr – 2,713,600 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹76 to ₹78 per share |
| Lot size | 1600 Shares |
| Retail Allocation | 35% |
| Listing Exchange | BSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹124,800 |
| Retail (Max) | 1 | 1600 | ₹124,800 |
| HNI (Min) | 2 | 3,200 | ₹249,600 |
Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Financial Performance
| FY 2020 | FY 2021 | FY 2022 | 7M FY 2023 | |
| Revenue | 138.70 | 184.95 | 285.93 | 148.64 |
| Expenses | 133.76 | 178.07 | 275.27 | 140.45 |
| Net income | 3.62 | 5.09 | 7.92 | 6.10 |
Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 4.81 | 6.78 | 10.54 |
| PE ratio | – | – | 7.21 – 7.40 |
| RONW (%) | 66.71 | 48.44 | 42.96 |
| NAV | 7.22 | 14.0 | 24.54 |
| ROCE (%) | 79.14 | 63.50 | 56.46 |
| EBITDA (%) | 3.58 | 3.85 | 3.85 |
| Debt/Equity | 0.20 | 0.10 | 0.07 |
Company Promoters
- Mr. Balakrishnan Sukumarbalakrishnan
Promoter Holding
| Pre Issue Share Holding | 98% |
| Post Issue Share Holding | 71.99% |
Lead Manager(s)
GRETEX CORPORATE SERVICES LIMITED
Office No. 13, 1st Floor,
New Bansilal Building, Raja Bahadur Mansion,
9-15, Homi Modi Street, Fort, Mumbai– 400001
Phone: +91 96532 49863
Email: info@gretexgroup.com
Website: www.gretexcorporate.com
IPO Registrar
BIGSHARE SERVICES PRIVATE LIMITED
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
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Contact Details
INNOKAIZ INDIA LIMITED
Door No. 43, Old No. 22, Real Enclave,
Flat No. 1, 4th Floor, Josier Street,
Nungambakkam, Chennai- 600034, Tamil Nadu
Phone: 044-28250545
E-mail: info@innokaiz.com
Website: www.innokaizindia.com
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
