Innovana Thinklabs Limited, previously known as PCVARK Software Limited, is a software and application development company based in Jaipur, Rajasthan. The company was founded in 2015 and specializes in designing, developing, and maintaining software systems and solutions. Innovana offers a range of products such as ad-blockers, disk cleanup tools, space revivers, file openers, and privacy protectors, among others. These products are used in 13 different languages across more than 126 countries.
Currently, Innovana employs a total of 84 professionals, including permanent and on-call software technicians. The company’s products have gained widespread acceptance and usage, thanks to their utility and effectiveness in streamlining various software and system processes. With its focus on quality and innovation, Innovana continues to expand its product portfolio and improve its services to cater to the needs of its diverse customer base.
Innovana Thinklabs IPO Details
| IPO Date | Nov 29, 2017 to Dec 4, 2017 |
| Listing Date | Dec 12, 2017 |
| Face Value | ₹10 per share |
| Price | ₹70 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 1,100,000 shares (aggregating up to ₹7.70 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
Industry Overview
According to a report by ResearchAndMarkets.com, the global software market size was valued at USD 476.19 billion in 2020 and is projected to reach USD 723.86 billion by 2026, growing at a compound annual growth rate (CAGR) of 7.2% during the forecast period.
Furthermore, the application development market is expected to grow at a CAGR of 9.3% from 2021 to 2028, according to a report by Grand View Research. The report highlights that the increasing adoption of cloud-based technologies, the growth of mobile devices, and the need for software customization are the key factors driving the growth of the application development market.
Company Financials
| Company standalone financial performance (in INR crore) | ||||||
| FY2016 | FY2017 | Q1 FY2018 | ||||
| Total revenue | 6.6 | 15.8 | 5.4 | |||
| Total expenses | 5.8 | 14.3 | 5.0 | |||
| Profit after tax | 0.6 | 1.0 | 0.3 | |||
Objects of the Issue
The Net Proceeds from the Fresh Issue will be utilized towards the following objects:
1. To Meet Working Capital Requirement
2. To meet Capital Expenditure
3. General Corporate Purpose
4. To Meet the Issue Expenses
Innovana Thinklabs IPO Prospectus
Company Contact Information
Innovana Thinklabs Limited
Plot No. 237A, Gopal Tower,
Ajmer Road,
Jaipur- 302006
Phone: +91-141-2362324
Email: info@pcvark.com
Website: http://www.pcvark.com/
Innovana Thinklabs IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: greivance@skylinerta.com
Website: https://www.skylinerta.com/
Innovana Thinklabs IPO Lead Manager(s)
- Swastika Investmart Ltd (Past IPO Performance)
