Innovators Facade Systems IPO is set to make its debut on 14th May 18 with 40.75 Cr is a company engaged in designing, engineering, fabrication, and installation of faade systems
Innovators Facade Systems IPO – overview
| IPO Dates | 14-16 May 18 |
| IPO Price | INR 72 per share |
| Fresh issue | – |
| Offer For Sale | Nil |
| Total IPO size | 5,660,800 shares (INR 40.75 crore) |
| Minimum bid (lot size) | 1600 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Innovators Facade Systems IPO – Tentative Dates
| IPO Offer Opening Date | 23 May 2018 |
| IPO Closing Date | 25 May 2018 |
| Finalization of Basis of Allotment | 30 May 2018 |
| Initiation of refunds | 31 May 2018 |
| Transfer of shares to demat accounts | 1 June 2018 |
| IPO Listing Date | 4 June 2018 |
Company Overview
Incorporated in 1999, Maharastra based Innovators Faade Systems Limited is a company engaged in designing, engineering, fabrication, and installation of faade systems. The company offers total solutions to its customers with respect to their requirement of faade installation in complex projects. It specializes in technically demanding facades. With an operating history of more than eighteen years, the company has developed a brand image in the faade industry.
The manufacturing facility of Innovators is situated at Wada, Maharashtra and is spread over 1,25,000 square feet. The product basket ranges from glazing /curtain walls, high-end doors & windows, skylights, canopies, frameless glazing, MS structures, stone cladding, metal cladding, roofing, & others. The registered office of the Company is situated at Mumbai, and it has 7 branch offices across India.
Innovators Facade has a widespread presence and is executing projects in various states such as Maharashtra, Goa, Haryana, Karnataka, Tamil Nadu, Uttar Pradesh and West Bengal. The company has executed around 200 projects and has long-standing reputed clients across the construction industry. It has offered its services for varied type of construction projects including residential buildings, commercial complexes, IT Parks, airports, retail and pharma projects. The company has a recognized list of clients including M/s. Hiranandani Realtors Pvt. Ltd., M/s. Relcon Infraprojects Limited, M/s. Larsen & Toubro Limited, M/s. Grauer & Weil (I) Limited etc. among others.
The current manpower strength is 198 employees out of which the company has 76 personnel including Executive directors, accountants, administrative executives, supervisors, Estimation and designer, 6 business development, marketing and sales personnel and 6 employees in the purchase department.
Objects of the Issue
1. Upgradation and modernization of existing manufacturing facility
2. Funding the working capital requirements of the Company
3. General corporate purposes.
Company Financials
| Particulars | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 |
| Total Assets | 13,873.29 | 12,817.78 | 12,607.20 |
| Total Revenue | 10,235.96 | 9,438.88 | 9,204.92 |
| Profit After Tax | 186.01 | 167.64 | 316.76 |
Company Contact Information
Innovators Facade Systems Limited
204, B-65, Sector No 1,
Shanti Nagar, Mira Road (East),
Thane- 401107
Phone: 022- 28132151
Email: investors@innovators.in
Website: http://www.innovators.in
Innovators Facade Systems IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: innovators.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Innovators Facade Systems 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
