Established in 2012, Innovatus Entertainment Networks Limited is a premier provider of comprehensive Direct marketing solutions, encompassing Management, CRM (Customer Relationship Management), B2B (Business-to-Business), and B2C (Business-to-Consumer) services. The company specializes in Event Management, Activations, and Exhibitions, offering a wide range of top-notch services.
Their expertise in Event Management includes 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.
Additionally, Innovatus Entertainment Networks excels in 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 Signage and Billboards, Lettering, Global Exhibit Management, and Custom and System Rental Program.
The company’s Competitive Strengths are evident in their:
- Creative Activations and Innovative Concepts: Innovatus Entertainment Networks is known for its lateral thinking and inventive approach to creating captivating activations, all executed flawlessly.
- Engaging Partnerships & Sponsorships: The company places a strong emphasis on fostering valuable partnerships and securing sponsorships, enhancing the overall impact of their events and activations.
- Client-Centric Focus: Innovatus Entertainment Networks prioritizes the needs and preferences of their clients, ensuring personalized and exceptional services tailored to each client’s specific requirements.
With a track record of delivering exceptional experiences and an unwavering commitment to client satisfaction, Innovatus Entertainment Networks Limited stands as a reliable and innovative leader in the Direct marketing solutions industry.
Innovatus Entertainment Networks Ltd Stock Quote #
- Open: ₹41.05
- High – Low: ₹41.10 – ₹40.40
- Previous Close: ₹42.43
- Total Traded Value: 18,000
- 52 Weeks High: ₹50.00 (Aug 04, 2023)
- 52 Weeks Low: ₹36.98 (Aug 17, 2023)
- Updated On: Aug 22, 2023 4:00 PM
IPO Details #
IPO is a Fixed Price Issue. The IPO total issue size is Rs 7.74 Cr. The Innovatus Entertainment Networks IPO price is ₹50 per share. The IPO will list on BSE SME.
| IPO Date | Jul 25, 2023 to Jul 27, 2023 |
| Listing Date | Aug 4, 2023 |
| 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 |
IPO Reservation #
IPO a total of 1,548,000 shares are offered. RII: 735,000 (47.48%), NII: 735,000 (47.48%).
| 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%) |
IPO Timetable (Tentative) #
It 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 |
IPO Lot Size #
The minimum lot size is 3000 shares required is ₹150,000.
| 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 | |||
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 #
IPO Market Cap is Rs 19.79 Cr and P/E (x) is 41.
| 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% |
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 Subscription Status (Bidding Detail) #
The IPO is subscribed 105.21 times on Jul 27, 2023 7:02:00 PM. The public issue subscribed 150.50 times in the retail category, times in the QIB category, and 56.58 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 56.58 |
| Retail | 150.50 |
| Total | 105.21 |
Total Application : 38,990 (159.14 times)
Innovatus Entertainment Networks IPO Prospectus #
Company Contact Information #
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/
Innovatus Entertainment Networks IPO Lead Manager(s) #
FAQs #
1 What services does Innovatus Entertainment Networks Limited offer? #
Innovatus Entertainment Networks Limited offers a wide range of direct marketing solutions, including Management, CRM, B2B and B2C, Activations, and Exhibitions. The company provides Event Management, Activations, and Exhibitions services, which include 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, and advanced technical support. Additionally, it offers 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 Signage, Billboards, and more.
What are the competitive strengths of Innovatus Entertainment Networks Limited? #
The competitive strengths include:
- Creative activations and lateral approach to innovative concepts and their flawless execution.
- Engage Partnership & Sponsorship.
- Focus on clients.
What is the IPO date and price for Innovatus Entertainment Networks? #
The Innovatus Entertainment Networks IPO opened on Jul 25, 2023, and closed on Jul 27, 2023. The IPO price was set at ₹50 per share.
What is the IPO subscription status for Innovatus Entertainment Networks? #
The IPO was subscribed 105.21 times. It received a subscription of 150.50 times in the retail category and 56.58 times in the Other category by Jul 27, 2023. The total application was 38,990 (159.14 times).
When will the Innovatus Entertainment Networks IPO be listed on the stock exchange? #
The listing date is Aug 4, 2023.
Who are the promoters of Innovatus Entertainment Networks Limited? #
The promoters are Azharuddin R. Mulla, Rich Pockets Online Services Limited, and Miniboss Consultancy Private Limited.
Please note that the above information is based on the provided context, and for the latest and most accurate information, it is always best to refer to official sources or financial news websites.
