Innovatus Entertainment Networks IPO GMP, Price, Dates & Allotment Details 2023
Introduction
The Innovatus Entertainment Networks IPO will open on July 25 and close on July 27, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 7.74 crores through this public offering, consisting of 15.48 lakhs shares with a face value of ₹ 10 each, which will be issued at a price of ₹ 50 per share.
Innovatus Entertainment Networks Limited (“the Company”)
Innovatus Entertainment Networks Limited was incorporated in 2012. It offers all the Direct marketing solutions: Management, CRM, B2B, B2C, Activations, and Exhibitions.
The company offers a complete range of designing, media, and printing services. Our strength is media buying, where we understand the client’s marketing objective and use the correct media to achieve that objective. We are able to understand the various media available and use the right mix of media at the right price to achieve the client’s media objectives.
Company services include the following:
- Event Management: This service includes the entire event coordination, pre- and post-event Publicity, Production, printing, and Distribution of literature, Staffing, Guest speakers, Transport, accommodation, catering, etc.
- Activations: This service includes school or college activation, Mall promotion, Society promotion, road shows, etc.
- Exhibitions: Event Production, Exhibition, Design and Fabrication, semi-permanent and Permanent Displays, Electrical Construction and Consultation, Graphic illustration and production, etc.
Company Key Metrics
| Earning Per Share (EPS) | ₹ 1.5 per Equity Share |
| ROE | 12.84% |
| ROCE | 13.29% |
| Return on Net Worth (RoNW) | 4.91% |
Objects of the Issue,
The company proposes utilising the Fresh Issue’s net proceeds towards funding the following objects:
- Augmenting additional working capital requirements.
- Purchase of Exhibition-Related Material.
- General Corporate Purposes.
Financial Highlights (Restated)
| Particulars | For the period ended on 30th Sep. 2022 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Net Worth | 265 | 235 | 205 | 172 |
| Total Assets | 592 | 531 | 598 | 449 |
| Reserve & Surplus | 64 | 34 | 204 | 171 |
| Total Borrowings | 152 | 152 | 152 | 0 |
| Total Revenue | 684 | 788 | 784 | 1,042 |
| Profit After Tax | 30 | 30 | 33 | 29 |
IPO details
As per the DRHP filed with SEBI, 15.48 lakh shares will be offered as a fresh issue in the BSE SME segment. The face value of the shares is ₹ 10. The market maker would receive 78,000 shares of the offering. While Inventure Merchant Banker Services Pvt Ltd will be the lead manager for the IPO, Purva Sharegistry India Pvt Ltd will be the registrar. It will be a Fixed Price Issue IPO, so the price at which the securities are offered or allotted is known in advance to the investor.
| Issue Type | Fixed Price Issue IPO |
| IPO Price | ₹ 50 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 3,000 shares |
| Issue Size | 1,548,000 shares (aggregating up to ₹ 7.74 crores) |
| Fresh Issue | 1,548,000 shares (aggregating up to ₹ 7.74 crores) |
| Listing At | BSE SME |
Market Maker detail
| Market maker portion | 78,000 shares |
IPO Reservation
| Categories | No. of shares offered |
|---|---|
| Other shares offered | 50% of the net issue |
| Retail shares offered | 50% of the net issue |
GMP: Innovatus Entertainment Networks IPO
GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilise after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.
Tentative Dates: Innovatus Entertainment Networks IPO
The issue opens for subscription on July 25, 2023, and closes for subscription on July 27, 2023 (both days inclusive). The basis of allotment will be finalised on August 1, 2023, and the refunds will be initiated on August 2, 2023. In addition, the demat credits are expected to happen on August 3, 2023, and the stock will be listed on the BSE SME on August 4, 2023. The UPI mandate confirmation cut-off time is 5:00 PM on the issue closing day.
| Opening Date | July 25, 2023, |
| Closing Date | July 27, 2023 |
| Basis of Allotment | August 1, 2023 |
| Initiation of Refunds | August 2, 2023 |
| A credit of shares to Demat A/c | August 3, 2023 |
| Listing Date | August 4, 2023 |
Lot Size
The lot size of the Innovatus Entertainment Networks IPO is 3,000 shares. A retail-individual investor can apply for up to 1 lot, i.e. 3,000 shares of ₹ 150,000.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 3,000 | ₹ 150,000 |
| Retail (Maximum) | 1 | 3,000 | ₹ 150,000 |
| HNI (Minimum) | 2 | 6,000 | ₹ 300,000 |
Promoters Holdings
Azharuddin R. Mulla, Rich Pockets Online Services Limited and Miniboss Consultancy Private Limited are the promoters of the company.
| Pre-issue Shares Holdings | 99.97% |
| Post-issue Shares Holdings | 60.87% |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP |
| Company Contact Information | Innovatus Entertainment Networks Limited 407, Crescent Royale, Off New Link Road, Andheri West, Mumbai – 400053, Maharashtra, India Phone: +91 22 4016 5928 Email: cs@innovatus.info Website: http://www.innovatus.info/ |
| IPO Registrar | Purva Sharegistry India Pvt Ltd Phone: +91-022-23018261/ 23016761 Email: support@purvashare.com Website: https://www.purvashare.com/ |
| IPO Lead Manager(s) | Inventure Merchant Banker Services Pvt Ltd |
FAQs
What is Innovatus Entertainment Networks’ IPO price?
The Innovatus Entertainment Networks IPO price is ₹ 50 per share.
What minimum lot size can retail investors subscribe to?
The minimum investment size is one lot for retail investors. One lot of the Innovatus Entertainment Networks IPO contains 3,000 shares of ₹ 150,000.
When will the Innovatus Entertainment Networks IPO allotment be available?
The finalisation of the basis of allotment for the Innovatus Entertainment Networks IPO will be done on August 1, 2023, and the allotted shares will be credited to your demat account by August 3, 2023. Check the Innovatus Entertainment Networks IPO allotment status.
When will the Innovatus Entertainment Networks IPO list on exchanges?
The Innovatus Entertainment Networks IPO shares listing date is August 4, 2023.
