Innovatus Entertainment Networks IPO will open for subscription from 25 July 2023. the company aims for an issue size of ₹7.74 Cr through this IPO.
Company Overview
| Full name | Innovatus Entertainment Networks Limited |
| Sector | Miscellaneous |
| Industry | Miscellaneous |
| Company Website | http://www.innovatus.info/ |
About Company
Incorporated in 2012, Innovatus Entertainment Networks offers all the Direct marketing solutions- Management, CRM, B2B and B2C, Activations and Exhibitions. It is a creative platform for complete ‘Info-tainment’ with a 360-degree solution. The company focuses on concept development to creatives to a total turn-key presentation and on-ground execution.
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, Stage planning, 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, System Rental Program, and AV Equipments.
The Objective of the Issue
- Augmenting additional working capital requirements.
- Purchase of Exhibition-Related Material.
- General Corporate Purposes.
Major Competitive Strengths
- Creative activations and lateral approach to innovative concepts and their flawless execution.
- Engage Partnership & Sponsorship.
- Focus on clients and services.
IPO Timetable
| IPO Opening date | 25 July 2023 |
| IPO Closing | 27 July 2023 |
| Basis of Allotment | 01 August 2023 |
| Initiation Refund | 02 August 2023 |
| Credit to Demat Account | 03 August 2023 |
| Listing Date | 04 August 2023 |
IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹7.74 Cr – 1,548,000 shares |
| Fresh Issue | ₹7.74 Cr – 1,548,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer price | ₹50 per share |
| Lot size | 3000 Shares |
| Retail Allocation | 50% |
| Listing Exchange | BSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹150,000 |
| Retail (Max) | 1 | 3000 | ₹150,000 |
| HNI (Min) | 2 | 6,000 | ₹300,000 |
Reservation Details
| Other Shares Offered | 50% |
| Retail Shares Offered | 50% |
Financial Performance
| FY 2020 | FY 2021 | FY 2022 | H1 FY 2023 | |
| Revenue | 1,042.12 | 784.07 | 787.90 | 683.64 |
| Expenses | 965.92 | 704.60 | 724.86 | 633.43 |
| Net income | 29.44 | 33.38 | 30.19 | 29.90 |
Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 1.46 | 1.66 | 1.50 |
| PE ratio | – | – | – |
| RONW (%) | 17.16 | 16.28 | 12.84 |
| NAV | – | – | 11.70 |
| ROCE (%) | 131.18 | 17.96 | 13.29 |
| EBITDA (%) | 7.31 | 10.14 | 8.00 |
Company Promoters
- Azharuddin R. Mulla
- Rich Pockets Online Services Limited
- Miniboss Consultancy Private Limited
Promoter Holding
| Pre Issue Share Holding | 99.97% |
| Post Issue Share Holding | 60.87 |
Lead Manager(s)
INVENTURE MERCHANT BANKER SERVICES PRIVATE LIMITED
2nd Floor, Viraj Tower, Nr. Andheri Flyover (North End),
Western Express Highway, Andheri (East) Mumbai – 400 069, Maharashtra
Phone:+91 22 4075 1500
Email: sme.ipo@inventuremerchantbanker.com
Website: www.inventuremerchantbanker.com
IPO Registrar
PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED
9, Shiv Shakti Industrial Estate,
J. R. Boricha Marg, Opp. Kasturba Hospital Lane
Lower Parel (E) Mumbai – 400011, Maharashtra, India
Phone: 022 2301 2518 / 8261
Email: support@purvashare.com
Website: www.purvashare.com
Contact Details
INNOVATUS ENTERTAINMENT NETWORKS LIMITED
407, Crescent Royale, Off New Link Road,
Andheri West, Mumbai – 400053, Maharashtra
Phone: +91 22 4016 5928
E-mail: cs@innovatus.info
Website: www.innovatus.info
Allotment Status
Innovatus Entertainment IPO allotment status will be available on Purva Sharegistry’s website. Click on this link to get allotment status.
Final thoughts
Innovatus Entertainment Networks 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
