The Innovators Facade Systems IPO date has been confirmed from May 14, 2018, and closes on May 16, 2018. Read the post to learn about Innovators Facade Systems IPO GMP.
Innovators Facade Systems Developers IPO is a fixed price issue of Rs 40.75 crores. The price band is set at ₹71 to ₹72 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹115,200.
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Key Details Of Innovators Facade Systems IPO:
Bidding Dates
May 14-16
Price Range
₹71 to ₹72 per share
Face Value
₹10 per share
GMP
₹221.70
Innovators Facade Systems IPO GMP
The Innovators Facade Systems IPO GMP is ₹221.70.
Innovators Facade Systems IPO Overview
The Innovators Facade Systems IPO will have a book-build price of Rs 40.75 crore. The Auction Innovative Facade Systems IPO auction started on May 14, 2018 and concluded on May 16, 2018. On May 24, 2018, the stock debuted on the BSE SME. The price range for Innovators Facade Systems’ IPO is set at 71 to 72 cents per share. An application requires a minimum lot size of 1600 Shares. Retail investors are obliged to make a minimum investment of 115,200.
Among its clients are M/s. Hiranandani Realtors Pvt. Ltd., M/s. Relcon Infraprojects Limited, M/s. Larsen & Toubro Limited, M/s. Grauer & Weil (I) Limited, and others. The company currently has 198 employees, including Executive Directors, accountants, administrative executives, managers, Estimation and designer, 6 business development, marketing, and sales staff, and 6 employees in the procurement department.
Innovators Facade Systems IPO Details
| IPO Date | May 14, 2018 to May 16, 2018 |
| Listing Date | May 24, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹71 to ₹72 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 5,660,800 shares (aggregating up to ₹40.75 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 288,000 shares |
Innovators Facade Systems Company Financials
| Particulars | For the year/period ended (in Rs. Millions) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 13,873.29 | 12,817.78 | 12,607.20 | 11,671.62 | 9,936.60 | |
| Total Revenue | 10,235.96 | 9,438.88 | 9,204.92 | 7,734.81 | 7,833.22 | |
| Profit After Tax | 186.01 | 167.64 | 316.76 | 269.24 | 232.48 | |
Innovators Facade Systems IPO Listing Details
| Listing Date | May 24, 2018 |
| BSE Script Code | 541353 |
| NSE Symbol | |
| ISIN | INE870Z01015 |
| Final Issue Price | ₹72 per share |
Company Profile
Innovators Facade Systems Limited, situated in Maharashtra, was founded in 1999 and specialises in designing, engineering, construction, and installing facade systems. The organisation provides solutions to its customers regarding facade installation in complex projects. It focuses on technically challenging facades. With over eighteen years of experience in the fa ade industry, the company has built a brand image. Innovators’ production facility is located in Wadala, Maharashtra, and is 1,25,000 square feet in size. Glazing/curtain walls, high-
end doors and windows, skylights, canopies, frameless glazing, MS constructions, stone cladding, metal cladding, roofing, and other products are included in the product basket. The Company’s registered office is in Mumbai, with 7 branches throughout India.
Innovators Facade has a presence across many states, including Maharashtra, Goa, Haryana, Karnataka, Tamil Nadu, Uttar Pradesh, and West Bengal. The business has finished approximately 200 projects and maintains. It has built various projects, including residential buildings, corporate complexes, IT parks, airports, retail, and pharmaceutical facilities.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | [email protected] |
| Website | linkintime.co.in |
Contact Details
| Name | Innovators Facade Systems Limited |
| Phone number | 022- 28132151 |
| Email ID | [email protected] |
| Website | innovators.in |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Innovators Facade Systems IPO FAQs
When Innovators Facade Systems IPO will open?
The Innovators Facade Systems IPO opens on May 14, 2018 and closes on May 16, 2018.
What is the lot size of Innovators Facade Systems IPO?
Innovators Facade Systems IPO lot size is 1600 Shares, and the minimum amount required is ₹115,200.
When is Innovators Facade Systems IPO allotment?
The finalization of Basis of Allotment for Innovators Facade Systems IPO will be done on [.], and the allotted shares will be credited to your demat account by [.].
When is Innovators Facade Systems IPO listing date?
The Innovators Facade Systems IPO listing date is on May 24, 2018.
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