Innovative Ideals IPO is all set to make its debut on 24th Sept 18 with 12.26 Cr is a company engaged in the business of providing services of System Integration for security, safety and building automation and installation of various electronics systems.
Innovative Ideals IPO – overview
| IPO Dates | 24-26 sept18 |
| IPO Price | INR 40 per share |
| Fresh issue | – |
| Offer For Sale | Nil |
| Total IPO size | 3,060,000 shares (INR 12.26 crore) |
| Minimum bid (lot size) | 3000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE Emerge |
Innovative Ideals IPO – Tentative Dates
| IPO Offer Opening Date | 24 Sept 2018 |
| IPO Closing Date | 26 Sept 2018 |
| Finalization of Basis of Allotment | 1 Oct 2018 |
| Initiation of refunds | 3 Oct 2018 |
| Transfer of shares to demat accounts | 5 Oct 2018 |
| IPO Listing Date | 11 Oct 2018 |
Industry Overview.
The service sector is not only the dominant sector in India’s GDP, has also the attracted significant foreign investment flows, contributing to exports as well provide large scale employment in Indian services sector cover large variety of activities such as Trade, hotel and Restraunt and etc.
Company Overview
Incorporated in 2000, Mumbai based Innovative Ideals and Services (India) Limited is a company engaged in the business of providing services of System Integration for security, safety and building automation and installation of various electronics systems.
The company provides a wide range of services in security and electronic systems, like Home Automation Systems, Access Controls, Video Door Phone, Audio Door Phone, CCTV Systems, Intrusion Alarm System, Fire Alarm Systems and Telecom Products. The company caters to the residential construction industry in a B2B segment.
Innovative provides Video Door Phones under its own brand names, “Onyx” and “Inok” and Home automation solutions under the brand name of “eHomes”.
The Company introduced Fibre to the Home (FTTH) solutions that allow multiple Internet Service Providers (ISPs) to use a single fiber cable to provide their services.
As part of his expansion, the Company has developed 2 innovative products, “Savior” and “ArmHer”, in the B2C segments. The products address the safety needs of children, women. It has also launched basic feature mobile phones “Inoyo”.
Innovative is an authorized distributor of FERMAX Electronica S.A.U. for their products FERMAX Audio/Video Door Entry System. The company has also entered into an agreement with Tata Sky Broadband Private Limited for the provision of broadband services from March 15, 2018, to March 14, 2023.
Objects of the Issue
- Working Capital requirements.
- General Corporate Expenses
- Issue Expenses
Company Financials
| Particulars | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 |
| Total Assets | 3,479.82 | 2,287.04 | 2081.86 |
| Total Revenue | 2,031.84 | 1,074.57 | 1,217.81 |
| Profit After Tax | 308.79 | 96.76 | 1.36 |
Company Contact Information
Innovative Ideals and Services (India) Limited
E- 202, 2nd floor, Skypark,
Near Oshiwara Garden, Off Ajit Glass Road
Oshiwara, Goregoan (W), Mumbai-400104
Phone: .: +91 022-6739 2121
Email: investors@innovative.in
Website: http://www.innovative.in
Innovative Ideals IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Innovative Ideals IPO Lead Manager(s)
- Pantomath Capital Advisors Pvt Ltd (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
