Innovatus Entertainment Networks Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Innovatus Enter.

CMP

32.00

+1.00 (3.23%)

₹50

Offer Price

₹ 7.74 Cr

Issue Size

₹ 1,50,000

Min Investment

3,000

Lot size

Time Line

  • 25
    Jul 2023
    Open
  • 27
    Jul 2023
    Close
  • 01
    Aug 2023
    Finalisation of Basis of Allotment
  • 02
    Aug 2023
    Initiation of Refunds
  • 03
    Aug 2023
    Transfer of Shares to Demat Account
  • 04
    Aug 2023
    Listing Date

Objects of the Offer

  • Understanding the resources:

  • Go Social:

  • Increase the number of Client Relationships.

Products & Services

  • The Company offers all the Direct marketing solutions- Management, CRM, B2B and B2C, Activations and Exhibitions.

Strengths

  • Creative activations and lateral approach to innovative concepts and their flawless execution.

  • Engage Partnership & Sponsorship.

  • Focus on clients.

Risks

  • There are certain outstanding legal proceeding against the company which may adversely affect its business, financial condition and results of operations.

  • Any major disaster or outbreak of disease could adversely affect the occurrence of an Event and hence its business operations and financial condition.

  • The recent outbreak of the novel coronavirus could have a significant effect on the company results of operations, and could negatively impact its business, revenues, financial condition, and results of operations.

  • Intensive preparatory works are required for organizing exhibitions and events and its also rely on the company third party suppliers for the execution.

  • The company depend on various contractors and their sub-contractors for flattening, cleaning of the exhibition venue ground, erecting SPEC etc. Any delay, default or unsatisfactory performance by these third parties may have material adverse effect on its ability to complete, effectively operate the company business.

Company Promoters

Promoters Holding

Issue For IPO
32.58%
Pre Holding

83.29%

Post Holding

50.71%

Top Promoters Holding

Financials

All values in Cr

Mar-2021 Mar-2022 Mar-2023 3-Yr trend
Revenue 7.84 (-24.80%) 7.88 (0.50%) 10.94 (38.80%)
Gross Profit 7.84 (-24.80%) 7.88 (0.50%) 10.94 (38.80%)
Net Income 7.84 (-24.80%) 7.88 (0.50%) 10.94 (38.80%)
Assets 7.84 (-24.80%) 7.88 (0.50%) 10.94 (38.80%)
Liabilities 7.84 (-24.80%) 7.88 (0.50%) 10.94 (38.80%)

Book Running Managers

  • Inventure Merchant Banker Services Pvt Ltd

Registrar & Transfer Agent

Purva Sharegistry (I) Pvt Ltd

9 ShivShakti Indl Es,
J R Boricha Marg,
Lower Parel - Mumbai - 400 011
Phone : 91-22-23010771/23018261 Fax: 91-22-23012517

Company Contact Information

407 Crescent Royale,
Off New Link Road Andheri (W),
Mumbai - 400053
Phone : 91-22-4016 5928 Email : cs@innovatus.info www.innovatus.info

Offer Related Information

Public issue of 15,48,000 equity shares of face value of Rs. 10.00 each of Innovatus Entertainment Networks Limited ("The Company" or "The Issuer") for cash at a price of Rs. 50.00 per equity share (including a share premium of Rs. 40.00 per equity share) ("Issue Price") aggregating to Rs. 7.74 crores ("The Issue"), of the issue, 78,000 equity shares aggregating to Rs. 0.39 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market... More

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