Innovative Ideals IPO

Innovative Ideals IPOInnovative Ideals IPO overview - Innovative Ideals started as a proprietorship concern for trading of varieties of security equipment by importing from Korea. It has gradually evolved from a trading company to a security solution provider. The company provides System Integration for security, safety and building automation and installation of various electronics systems. It provides a wide range of services with respect to security and electronic systems, such as, Video Door Phone, Audio Door Phone, Access Controls, Home Automation Systems, Intrusion Alarm System, CCTV Systems, Fire Alarm Systems and Telecom Products.

The company provides Video Door Phones under its own brand names, namely, Onyx and Inok. Further, home automation solutions are provided under the brand name of eHomes. Strengthening its service to B2B segment, the company introduced Fibre to the Home (FTTH) solutions in the residential projects which is a single line connection for Voice, Direct To Home and Broadband internet services. This fibre allows multiple Internet Service Providers (ISPs) to use the single fibre cable to provide their services.

In order to reach B2C segment, it has developed two products, Savior and ArmHer, addressing the need of safety of the citizens in the country, primarily, children, women and senior citizens. Apart from this, the company has also launched basi feature mobile phones which are sold under own brand name, Inoyo. Innovative Ideals has entered into an agreement with Tata Sky Broadband and Tata Sky Limited for providing broadband and Direct to Home (DTH) services to the residents / subscribers in Amanora Park Town, Pune for the period of five years commencing from March 15, 2018 to March 14, 2023.

Promoters of Innovative Ideals – Maqsood Shaikh and Tazyeen Shaikh
Innovative Ideals and Services IPO details
Subscription Dates 24 - 26 September 2018
IPO Price band INR36 - 40 per share
Fresh issue 3,066,000 shares (INR11.04 - 12.26 crore)
Offer for sale Nil
Total IPO size 3,066,000 shares (INR11.04 - 12.26 crore)
Minimum bid (lot size) 3,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On BSE SME platform
Use of funds
  • Working Capital Requirements - INR8.92 crore
  • General Corporate Purpose
  • Issue Expenses
Innovative Ideals'  financial performance (in INR crore)
FY2014 FY2015 FY2016 FY2017 FY2018
Total revenue 12.8 12.4 12.2 10.7 20.3
Total expenses 12.1 12.2 12.2 9.3 16.0
Profit after tax 0.50 0.16 0.01 0.98 3.09
Innovative Ideals' Contact Details

Innovative Ideals and Services (India) Limited
E- 202, 2nd floor, Skypark
Off Ajit Glass Road, Oshiwara
Goregoan (W), Mumbai-400104

Phone: +91 022-6739 2121
Email: [email protected]
Website: www.innovative.in

Innovative Ideals IPO Subscription Details
Day Subscription (no. of times)
Day 1
Day 2
Day 3

 

Innovative Ideals Valuation (For FY2018)

Earnings Per Share (EPS): INR4.66

Price/Earnings (P/E) ratio: 7.72 - 8.58

Return on Net Worth (RONW): 23.10%

Net Asset Value (NAV): INR16.08 per share

Registrar of Innovative Ideals IPO

Bigshare Services Private Limited 
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072

Phone: +91 22 4043 0200 
Fax: 
+91 22 2847 5201
Email:
 [email protected]
Website: www.bigshareonline.com

Innovative Ideals IPO Allotment Status

Innovative Ideals IPO allotment status will be available on Bigshare Services' website. Click on this link to get allotment status.

Listing performance of Innovative Ideals

IPO Opening Date: 24 September 2018

IPO Closing Date: 26 September 2018

Finalisation of Basis of Allotment: 1 October 2018

Initiation of refunds: 3 October 2018

Transfer of shares to demat accounts: 4 October 2018

Listing Date: 5 October 2018

Listing Price on BSE SME: To be updated

Closing Price on BSE SME: To be updated

Innovative Ideals IPO
3.8 (76%) 5 votes

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