Innokaiz India IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: May 09, 2023Let’s have a detailed review of the company and analytics of the Innokaiz India IPO release date, IPO offer price, subscription, Innokaiz India Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 76 to Rs 78 |
| Listing At | BSE, SME |
| Min. Order Quantity | 1600 Shares |
| Listing Date | May 11, 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs Lakh |
| IPO Size | Rs 2,117 Lakh |
| Tick Size | 1 |
Innokaiz India IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Innokaiz India Share Price |
Innokaiz India IPO – Summary
They are a corporate services and solutions provider Company. Also, they have emerged as a one-stop solution provider for various corporate needs. They offer a comprehensive range of services covering Advertising and Marketing Solutions including Digital Marketing, Corporate Travel Arrangements, Gifting Solutions, Event Management etc.
Recently, they have also ventured into a new business vertical i.e., E-Commerce Business. Their team of experienced and dedicated professionals provide services and solutions that are at the forefront of industry best practice.
The Promoter of this company is Mr Balakrishnan Sukumarbalakrishnan. The lead manager of the issue is GRETEX CORPORATE SERVICES LIMITED, and the Registrar of this issue is BIG SHARE SERVICES PRIVATE LIMITED.
Innokaiz India IPO Date
The opening and closing dates of Innokaiz India IPO are Apr 28, 2023, and May 3, 2023, respectively.
Innokaiz India IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 28th Apr | 0.00x | 0.03x | 0.28x | 0.14x |
| 2nd Day – 2nd May | 1.10x | 4.54x | 4.63x | 3.67x |
| 3rd Day – 3rd May | 23.93x | 224.93x | 46.10x | 88.43x |
| Shares Offered or Net Issue | 515,200 | 523,200 | 902,400 | 1,940,800 |
The shares subscribed by the public will be updated here.
Innokaiz India IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares are pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Innokaiz India Limited IPO Listing Date
Find the dates below on the basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | May 8, 2023 |
| Refunds Initiation | May 9, 2023 |
| Credit of Shares to Demat Account | May 10, 2023 |
| Share Listing Date | May 11, 2023 |
Innokaiz India IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs 76 to Rs 78
Innokaiz India IPO Equity Size
This Initial Public Issue of 2,713,600 Equity Shares of Rs.10 each for cash at a price of Rs 76 to Rs 78 per equity share aggregating to Rs.2,117 Lakh.
Innokaiz India IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 2,713,600 Equity Shares of Rs.10/ each.
Issue Size: 2,713,600 Equity Shares of Rs.10 each, aggregating to Rs.2,117 Lakh
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Innokaiz India IPO – Live Performance
The listing date of this IPO is May 11, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Innokaiz India Share Price |
Innokaiz India IPO Grey Market Premium
The Innokaiz India Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Innokaiz India IPO – Company Overview
Their Company is promoted by Mr Sukumar Balakrishnan, who is the guiding force behind all the strategic decisions of their Company and has been an anchor to their company since incorporation. He has vast corporate and entrepreneurial experience and is the frontline force behind the company.
In addition to their individual Promoter, their senior management team includes qualified, experienced and skilled professionals with experience across various sectors.
They believe that the stability of their management team and the industry experience of their individual Promoter will enable them to continue to take advantage of future market opportunities and expand into newer markets.
Their Company was incorporated in the name of Innokaiz India Private Limited on January 11, 2013, and since inception, they have successfully scaled up their capabilities and evolved as one-stop solution for various corporate needs. Their exhaustive client list is proof of their excellence in the reliability of service and quality of products.
Innokaiz India IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 30-Oct-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Total Assets | 4,763.15 | 4,972.47 | 3,871.07 | 2,568.38 |
| *Total Revenue | 14,883.52 | 28,609.09 | 18,506.21 | 13,872.44 |
| Total Expense | 14,044.54 | 27,527.49 | 17,806.61 | 13,376.06 |
| Profit After Tax | 610.28 | 791.63 | 509.15 | 361.55 |
Earnings per Equity Share (in Lakh)
| 30-Oct-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Basic & Diluted | 8.13 | 10.54 | 6.78 | 4.81 |
Further, their PAT for the period ended on Oct 30, 2022, March 31, 2022, March 31, 2021, and March 31, 2020, were Rs. 610.28 Lakh, Rs. 791.63 Lakh, Rs. 509.15 Lakh and Rs. 361.55 Lakh respectively.
Innokaiz India IPO – Promoters
The Promoter of this company is:
- Mr. Balakrishnan Sukumarbalakrishnan
List of Related Parties (Key Managerial Personnel)
- Balakrishnan Sukumarbalakrishnan, Managing Director
- Selvaraj Durairaj, Executive Director
- Kesavapathy, Non-Executive Director
- Sivagami R, Independent Director
- Ramamoorthy Kumaresan, Independent Director
Innokaiz India IPO – Promoters Holding
- Pre-Issue Share Holding – %
- Post-Issue Share Holding – %
Innokaiz India IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 2,713,600 Equity Shares aggregating up to Rs.2,117 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 1,36,000 Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to 25,77,600 Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 3,87,200 Equity Shares |
| Other than Retail Individual Investors | Not more than 9,02,400 Equity Shares |
| Equity Shares outstanding prior to the Issue | 75,10,000 Equity Shares |
| Equity Shares outstanding after the Issue | 1,02,23,600 Equity Shares |
Innokaiz India IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. To meet Working Capital requirements
2. General Corporate Purpose
3. To meet issue expenses
Innokaiz India IPO – Business Strategy
- Introduce their company by sending introductory letters alongside their brochure to individuals, and corporate organizations.
- Visiting Existing as well as Prospective clients.
- Encourage word of Mouth marketing from loyal & satisfied customers.
- Generating references thru Industry experts.
- The fully functional and self-explanatory web portal (www.innokaizindia.com)
- They are in the era of digitalization; hence their company aims to create visibility through all digital media channels.
- Advertise their business in relevant business magazines and newspapers.
- Attend and participate in relevant international and local expos, seminars, and business fairs.
- Engage direct marketing approach.
Innokaiz India IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Focus on Increase in Volume of Sales.
- Enhance the performance of the existing business
- Leveraging their market skills and relationship to serve existing clients
- Increasing the number of Clients
- Building up as on Professional Organization
- Continue to attract and retain talent
- Strategic Acquisition and Alliance Opportunities
- Established relationships with existing customers
- Client Focus
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-22 | 10.54 | 42.96 | 24.54 |
| 31-Mar-21 | 6.78 | 48.44 | 14.00 |
| Mar-20 | 4.81 | 66.71 | 7.22 |
Innokaiz India IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Revenue from Operation (Rs. in Lakhs) | |
| Innokaiz India Limited | 10 | [●] | 10.54 | 42.96 | 28,592.69 |
| Listed Peers | |||||
| DAPS Advertising Limited | 10 | 11.46 | 3.14 | 7.65 | 1,868.00 |
| Brandbucket Media | 10 | 37.57 | 0.74 | 44.04 | 1,727.00 |
Innokaiz India IPO Lead Managers
| Lead Managers |
| GRETEX CORPORATE SERVICES LIMITED Office No. 13, 1st Floor, New Bansilal Building, Raja Bahadur Mansion, 9-15, Homi Modi Street, Fort, Mumbai– 400001, Maharashtra, India. Tel No.: +91 96532 49863 Email: info@gretexgroup.com Website: www.gretexcorporate.com Contact Person: Ms. Dimple Magharam Slun SEBI Registration No: INM000012177 CIN: L74999MH2008PLC288128 |
Innokaiz India IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED S6-2, 6th Pinnacle Business Park, Mahakali Caves Road, next to Ahura Centre, Andheri East, Mumbai- 400093, Maharashtra, India Tel No.: +91 – 22 – 6263 8200; Fax No.: +91 – 22 – 6263 8299 E-mail: ipo@bigshareonline.com Investor Grievance E-mail: investor@bigshareonline.com Website: www.bigshareonline.com Contact Person: Mr. Ankit Chindarkar SEBI Registration No.: INR000001385 CIN: U99999MH1994PTC076534 |
Innokaiz India IPO – Other Details
- Statutory Auditor – GUPTA AGARWAL & ASSOCIATES
- Legal Counsel to the Company – M/S. M. V. KINI LAW FIRM
- Bankers to the Company – ICICI BANK LIMITED
Innokaiz India IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Innokaiz India Limited IPO News
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Innokaiz India IPO Review FAQs
Check out various FAQs related to Innokaiz India IPO:
What is the Issue Size of Innokaiz India IPO?
The Company is making an initial public offer of 2,713,600 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Innokaiz India IPO?
The price band for this particular IPO ranges between Rs 76 to Rs 78. As far as the face value of the share is of concern, it is Rs. 10 per share.
What is the Innokaiz India IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Apr 28, 2023, while the closing date is set at May 3, 2023.
What is the Innokaiz India IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on May 8, 2023, refund initiation is on May 9, 2023, credit of shares is on May 10, 2023, and share listing date is on May 11, 2023.
What is the Innokaiz India IPO Listing Date?
Shares of this company shall be listed in the exchanges on May 11, 2023. The date, when the listing would be done, is stagnant on May 11, 2023.
Who is the Registrar of Innokaiz India IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. BIGSHARE SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Innokaiz India IPO?
Here are the promoters of this IPO – Mr Balakrishnan Sukumarbalakrishnan. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Innokaiz India IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Innokaiz India IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Innokaiz India Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2022 in Lakh is 791.63, 2021 is 509.15, and 2020 is 361.55. PAT from Oct 2022 is 610.28.
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