Innovative Ideals IPO – Review, Allotment, Subscription, GMP Price, Date & more
Last Updated Date: Nov 17, 2022Innovative Ideals and Services is a leading company involved in trading of security equipment by imposing those from Korea . The Company has issued 30,66,000 Equity Share of Rs.10 each.
Let’s have a detailed review of the company and analytics of the Innovative Ideals IPO release date, IPO offer price, subscription, Innovative Ideals IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
- Issue Price of this IPO is NA. Check the Live Share Price here Innovative Ideals Share Price
- To track the performance of this IPO, click on this link – IPO Performance
Innovative Ideals IPO Review & Ratings
| Innovative Ideals IPO Ratings & Review | |
| Criteria | Ratings |
| Industry Sentiments | 6.3/10 |
| Industry Ranking | 6.3/10 |
| Company Background | 6.1/10 |
| Company Reputation | 6.4/10 |
| Competitive Edge | 6.4/10 |
| Financial Statements | 6.5/10 |
| Popularity Index | 6.2/10 |
| Promoters Reputation | 6.3/10 |
| Retail Appetite | 6.2/10 |
| Top Brokers Review | 6.3/10 |
| Overall Ratings | 6.3/10 |
| Star Ratings | ★★★☆☆ |
Summary of Innovative Ideals IPO
Innovative Ideals and Services provide a wide range of services with respect to security and electronicsystems, 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 Companytargets the requirements of residential construction industry in B2B segment. 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”.The Issue comprises of 30,66,000 Equity Shares of Rs.10 each .
For FY 2017-18,FY 2016-17 and FY 2015-16,as per the Restated Financial Statements,
- Revenue from Operations for the F.Y.205-16, F.Y. 2016-17 and for the year ended 31st December, 2017 are Rs.1,213.721, Rs,1065.781 and Rs.426.36 respectively.
The lead manager to the issue are PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED and the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.
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Innovative Ideals IPO Date
The opening and the closing date of IPO of Innovative Ideals and Services is not known yet.
Innovative Ideals IPO Subscription
| Subscription | |
| Day 1 | X |
| Day 2 | X |
| Day 3 | X |
| Day 4 | X |
| Day 5 | X |
The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.
Innovative Ideals IPO Allotment Status
The allotment status will be known once the shares are subscribed.
Innovative Ideals IPO Price Band
The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed.
Innovative Ideals IPO Equity Share Offering
30,66,000 Equity Shares of Rs 10/- each but Issue Price is yet to be disclosed.
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Innovative Ideals and Services Limited – Company Overview
Innovative Ideals was originally incorporated as “Innovative Ideals and Services (India) Private Limited” at Mumbai, Maharashtra as a Private Limited Company under the provisions of Companies Act, 1956 vide Certificate of Incorporation dated December 06, 2000 bearing Corporate Identification NumberU64201MH2000PTC129901 issued by the Registrar of Companies, Maharashtra, Mumbai. Subsequently,Company was converted into a public limited company pursuant to Special Resolution passed by the members in Extra General Meeting held on August 30, 2017 and the name of Company was changed to “Innovative Ideals and Services (India) Limited.
Strengthening its service to B2B segment, our 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 cableto provide their services.
Competitive Strengths of Innovative Ideals and Services Limited:
- Experienced Management and employee
- Quality of after sales service
- Wide range of products and services
- Evolving with technological changes
Business strategies of Innovative Ideals and Services Limited:
- Launch of Developed Products
- Focus on R&D
- Enhanced marketing activity
- Strengthen our after sales service
- Growing our existing client relationships
- Widening our range of services
Innovative Ideals and Services Limited – Financial Statements
A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakhs) | |||||
| 31-Dec-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | |
| Total Assets |
2,570.75
|
2,293.64
|
2,088.45
|
2,361.60
|
4,780.76
|
| Total Revenue |
1,427.66
|
1,061.57
|
1,212.29
|
1,241.00
|
1,276.03 |
| Total Expense |
1,170.36
|
929.19
|
1,215.84
|
1,221.78
|
1,208.67 |
| Profit After Tax |
185.18
|
96.76
|
1.36
|
15.56
|
50.26 |
Earnings per Equity Share (in Lakhs)
| 31-Dec-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | |
| Basic and Diluted | 3.05 | 1.79 | 0.03 | 0.29 | 0.93 |
From the above statements, one could find that the Innovative Ideals and Services Limited may perform well.
Innovative Ideals IPO – Promoters
The Promoter of this company are:
- Maqsood Shaikh
- Tazyeen Shaikh
- Iram Shaikh
- Ibad Shaikh
Interest in promotion of the Company
Company is currently promoted by the Promoters in order to carry on its present business. Promoters are interested in the Company to the extent of their shareholding and directorship of the Individual Promoter in the Company and the dividend declared, if any, by the Company. The Promoters are interested in the transactions entered into the Company and the Promoter Group.
Property Interest
The promoters along with the promoter group will continue to hold collectively some percentage of the equity share capital of the company. As a result of the same, they will be able to exercise significant influence over the control of the outcome of the matter that requires approval of the majority shareholders vote.
Interest in Intellectual Rights of the Company
Promoters has not shown any interest in acquiring the intellectual rights of the company.
Innovative Ideals IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | 30,66,000 Equity Shares of Rs.10 each fully paid |
| Equity Shares outstanding prior to the Issue | 83,14,169 Equity Shares of Rs.1o each |
| Equity Shares outstanding after the Issue | 1,13,80169 Equity Shares of Rs.10 each |
Innovative Ideals IPO Issue Object
These are the IPO Issue Objects of the company
- Funding the Working Capital requirements of our Company
- Repayment/ pre-payment of working capital facilities availed from Bank of Maharashtra by our company
- General Corporate Purposes
Innovative Ideals IPO – Basis of the 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:
- Experienced Management and employees
- Quality of after sales service
- Wide range of products and services
- Evolving with technological changes
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-15 | 0.29 | 2.64 | – |
| -31-Mar-16 | 0.03 | 0.23 | – |
| 31-Mar-17 | 1.79 | 14.09 | 22.90 |
Innovative Ideals IPO Lead Managers
| Lead Managers |
|
PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED
406-408, Keshava Premises, Behind Family Court,
Bandra Kurla Complex, Bandra (East)
Mumbai- 400051, Maharashtra, India
Te l: +91-22 6194 6700, Fax: +91-22 2659 8690
Website: www.pantomathgroup.com, Email: ipo@pantomathgroup.com
Investor Grievance Id: ipo@pantomathgroup.com
Contact Person: Unmesh Zagade
SEBI Registration No: INM000012110
|
Innovative Ideals IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED
1st Floor, Bharat Tin Works Building,Opp. Vasant Oasis, Makwana Road, Marol,Andheri (East), Mumbai – 400059, Maharashtra, India. Tel:+91 22 62638200; Fax:+91 22 62638299 Email:ipo@bigshareonline.com, Website:www.bigshareonline.comInvestor Grievance Id: investor@bigshareonline.com, Contact Person:Babu Raphael SEBI Registration Number: INR000001385 |
Other Details:
- Statutory Auditor – ASB & Associates,Chartered Accountant.
- Banker to the Company- Bank of Maharashtra, Axis Bank
- Legal Counsel to the Company- M V Kini,Law Firm
Innovative Ideals IPO Review by Top 10 Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 6.5/10 | 6.6/10 | 6.6/10 | 6.4/10 | 6.4/10 |
| Sharekhan | 6.7/10 | 6.4/10 | 6.6/10 | 6.1/10 | 6.2/10 |
| Kotak Securities | 6.7/10 | 6.7/10 | 6.7/10 | 6.4/10 | 6.3/10 |
| ICICI Direct | 6.6/10 | 6.3/10 | 6.7/10 | 6.5/10 | 6.5/10 |
| IIFL | 6.4/10 | 6.7/10 | 6.8/10 | 6.4/10 | 6.7/10 |
| Edelweiss | 6.7/10 | 6.4/10 | 6.4/10 | 6.3/10 | 6.7/10 |
| Zerodha | 6.5/10 | 6.4/10 | 6.7/10 | 6.4/10 | 6.5/10 |
| 5Paisa | 6.7/10 | 6.4/10 | 6.3/10 | 6.7/10 | 6.5/10 |
| Karvy | 6.8/10 | 6.3/10 | 6.7/10 | 6.4/10 | 6.0/10 |
| Motilal Oswal | 6.6/10 | 6.4/10 | 6.6/10 | 6.6/10 | 6.4/10 |
The ratings would be updated once the financials and the other details of the IPO are released.
Innovative Ideals IPO Grey Market Premium
The Innovative Ideals IPO Grey Market Premium is yet to be announced. It will be updated as soon as the premium rates are announced.
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Innovative Ideals IPO News
News 1 – IPO ISSUE OPENS SOON (Download Prospectus)
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