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.
Innovatus Entertainment Networks IPO Details
| IPO Date | Jul 25, 2023 to Jul 27, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹50 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 1,548,000 shares (aggregating up to ₹7.74 Cr) |
| Fresh Issue | 1,548,000 shares (aggregating up to ₹7.74 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 2,410,000 |
| Share holding post issue | 3,958,000 |
| Market Maker portion | 78,000 shares Pure Broking |
Innovatus Entertainment Networks IPO Reservation
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 78,000 (5.04%) |
| Other Shares Offered | 735,000 (47.48%) |
| Retail Shares Offered | 735,000 (47.48%) |
| Total Shares Offered | 1,548,000 (100%) |
Innovatus Entertainment Networks IPO Timetable (Tentative)
Innovatus Entertainment Networks IPO opens on Jul 25, 2023, and closes on Jul 27, 2023.
| IPO Open Date | Tuesday, 25 July 2023 |
| IPO Close Date | Thursday, 27 July 2023 |
| Basis of Allotment | Tuesday, 1 August 2023 |
| Initiation of Refunds | Wednesday, 2 August 2023 |
| Credit of Shares to Demat | Thursday, 3 August 2023 |
| Listing Date | Friday, 4 August 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Jul 27, 2023 |
Innovatus Entertainment Networks IPO Lot Size
The Innovatus Entertainment Networks IPO lot size is 3000 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹150,000 |
| Retail (Max) | 1 | 3000 | ₹150,000 |
| HNI (Min) | 2 | 6,000 | ₹300,000 |
| Lot Size Calculator |
Innovatus Entertainment Networks IPO Promoter Holding
Azharuddin R. Mulla, Rich Pockets Online Services Limited and Miniboss Consultancy Private Limited are the company promoters.
| Pre Issue Share Holding | 99.97% |
| Post Issue Share Holding | 60.87% |
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 449.41 | 1,042.12 | 29.44 | 171.61 | 170.61 | 0.00 |
| 31-Mar-21 | 597.72 | 784.07 | 33.38 | 205.00 | 204.00 | 152.34 |
| 31-Mar-22 | 530.83 | 787.90 | 30.19 | 235.19 | 34.19 | 152.34 |
| 31-Mar-23 | 822.63 | 1,093.93 | 48.26 | 483.45 | 242.45 | 152.34 |
| Amount in ₹ Lakhs |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 41 |
| Market Cap (₹ Cr.) | 19.79 |
| ROE | 9.98% |
| ROCE | 11.32% |
| Debt/Equity | 0.32 |
| EPS (Rs) | 2 |
| RoNW | 9.98% |
Check Innovatus Entertainment Networks IPO Peer Comparison here.
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 IPO Review
[Dilip Davda] The company operates in a highly competitive and fragmented segment with many players around. The sudden boost in its top and bottom line for FY23 raise eyebrows and concern over the sustainability going forward. Based on such super earnings, the issue appears exorbitantly priced. Tiny equity capital post-IPO indicates a longer gestation period for migration to the mainboard. There is no harm in skipping this pricey issue. Read detail review…
Innovatus Entertainment Networks IPO Subscription Status (Bidding Detail)
The Innovatus Entertainment Networks IPO is subscribed 89.87 times on Jul 27, 2023 3:18:00 PM. The public issue subscribed 128.28 times in the retail category, [.] times in the QIB category, and 48.17 times in the NII category. Check Day by Day Subscription Details (Live Status) Reload Subscription
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 48.17 | 7,35,000 | 3,54,06,000 |
| Retail | 128.28 | 7,35,000 | 9,42,84,000 |
| Total | 89.87 | 14,70,000 | 13,21,11,000 |
Total Application : 32,680 (133.39 times)
*Market Maker portion is not included to NII/HNI.
Innovatus Entertainment Networks IPO Prospectus
Company Contact Information
Innovatus Entertainment Networks Limited
407, Crescent Royale,
Off New Link Road,
Andheri West, Mumbai – 400053, Maharashtra, Indi
Phone: +91 22 4016 5928
Email: cs@innovatus.info
Website: http://www.innovatus.info/
Innovatus Entertainment Networks IPO Registrar
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: support@purvashare.com
Website: https://www.purvashare.com/queries/