Innovators Facade IPO – Review, Allotment Status, Subscription, Price, Date & more

Innovators Facade is an SME engaged in in designing, engineering, fabrication and installation of facade systems. The company is currently backed up by a private company and a founder. The company is coming up with an IPO in this calendar year to raise funds for its business purpose. Innovators Facade is offering 56,60,800 equity shares of which certain shares will be reserved for subscription by the market makers. Let’s read this article to know more Innovators Facade IPO like IPO size, IPO issue, company background, company financials and other similar things.

 


Innovators Facade IPO Review & Ratings

Innovators Facade IPO Ratings & Review
CriteriaRatings
Industry Sentiments6.7/10
Industry Ranking 6.4/10
Company Background6.2/10
Company Reputation6.1/10
Competitive Edge6.8/10
Financial Statements6.1/10
Popularity Index6.3/10
Promoters Reputation6.2/10
Retail Appetite6.4/10
Top Brokers Review6.3/10
Overall Ratings6.4/10
Star Ratings★★★☆☆

Summary of Innovators Facade IPO

Innovators Facade IPOIncorporated in 1999, the Company, “Innovators Facade Systems Limited” is engaged in designing, engineering, fabrication and installation of facade systems. The company executes end to end fabrication of our product i.e. from designing of facades to dispatching. The Company is promoted by Radheshyam Sharma and Jolly Multitrade Private Limited. Innovators Facade is coming up with an IPO offering 56,60,800 equity shares. The company is in the process of book building and deciding an offer price with the lead managers. The further details about the IPO are being discussed in the subsequent sections of the article.

Innovators Facade IPO is being managed by the Lead Manager – Pantomath Capital Advisors and the registrar to the offer is Link Intime India.


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    Innovators Facade IPO Date

    The IPO opens on 14th may 2018 & closes on 16th may 2018.

    Innovators Facade IPO Subscription

     Subscription
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    Once the subscription is open, the numbers of shares subscribed will be updated herein on a daily basis.

    Innovators Facade IPO Allotment Status

    The allotment process begins once the subscription period is over. Thus, once the subscription is completed, the details of allotment made by the company will be updated in this section.

    Innovators Facade IPO Price Band

    Price band of innovators facade IPO is Rs.71-72.

    Innovators Facade IPO Issue Size

    The IPO issue size is Rs.40.75 crore

    Innovators Facade IPO Equity Share Offerings

    Innovators Facade IPO holds 56,60,800 equity shares with face value of Rs. 10 each share. The Company has also reserved certain proportion of these shares for the market makers. The proportion of the reservation has not been finalised yet. The details will be updated here once the company decides on that.


    Innovators Facade Systems Limited – Company Overview

    Incorporated in 1999, Innovators Façade Systems Limited is engaged in designing, engineering, fabrication and installation of façade systems.  The company specialises in technically demanding facades. The  Company is promoted by Radheshyam Sharma and Jolly Multitrade Private Limited. The Promoter, Radheshyam Sharma has an experience of more than two decades in the facade industry. Their manufacturing facility is situated at Wada, Maharashtra and is spread over 1,25,000 square feet. The Company executes end to end fabrication of  product i.e. from designing of facades to dispatching. 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 company believe in qualitative manufacturing and offer facades which are resistant against UV rays, acidic rain, dust, noise and others. The registered office of the Company is situated at Mumbai and has 7 branch offices across India to aid our operations. The company has a widespread presence and is executing projects in various states such as Maharashtra, Goa, Haryana, Karnataka, Tamil Nadu, Uttar Pradesh and West Bengal. They offered services for varied type of construction projects including residential buildings, commercial complexes, IT Parks, airports, retail and pharma projects. The Company’s recognised list of clients include 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.

    Key members of Innovators Facade Systems Limited:

    • Radheshyam Sharma, Chairman and Managing Director
    • Anjana Sharma, Whole time Director
    • Shivchand Sharma, Additional Non Executive Director

    Competitive Strengths of Innovators Facade Systems Limited:

    • Leveraging the experience of Promoter and employees
    • Marquee client base and repeat orders
    • Diversified real estate portfolio
    • Quality certifications for Quality products & Services
    • Designing and execution capability

    Business strategies of Innovators Facade Systems Limited:

    • Modernisation and upgradation of manufacturing facility
    • Continue to improve operating efficiencies through technology enhancements
    • Expand customer base
    • Capitalise on growing demand in construction industry

    Innovators Facade – Financial Statements

    To evaluate the prospectus of the company as an investment opportunity, it is important to analyse the financials of the company. For a ready reference, we have listed the key financial details of the company herein below:

    Assets of the Company

    Assets (in INR & Lakhs)
     Mar’17Mar’16Mar’15Mar’14Mar’13
    Non-Current Asset3,0683,2773,3743,1352,217
    Current Asset10,8059,5419,2338,5367,720
    Total Asset13,87312,81812,60711,6729,937

    Revenue & PAT of the Company

    Revenue & Profits (in INR & Lakhs)
     Mar’17Mar’16Mar’15Mar’14Mar’13
    Total Revenue10,2369,4399,2057,7357,833
    Profit after Tax (PAT)186.01167.64316.76269.24232.48

    Earnings per Equity Share

    Earning per Equity Share (in INR)
     Mar’17Mar’16Mar’15Mar’14Mar’13
    Basic4.301.631.81NANA
    Diluted4.301.631.81NANA

    Company has been able to consistently grow over the years as evidenced by the growth in total revenue from Rs. 7,833.22 lakhs in FY 2012-13 to Rs. 10,235.96 lakhs in FY 2016-17. Also, the EPS has shown a mark growth and hence the company can be considered to be a good opportunity of investment.


     Innovators Facade Promoters

    The company has been promoted by the following:

    • Radheshyam Sharma
    • Jolly Multi Trade Private Limited

    Promoter Interest in the company

    The Promoters are interested in the Company to the extent that they have promoted the Company and to the extent of their shareholding and the dividend receivable, if any and other distributions in respect of the Equity Shares held by them. Individual Promoter is also the Director and Key Managerial Personnel of the Company and may be deemed to be interested to the extent of remuneration and/ or reimbursement of expenses payable to him for  services rendered to the company in accordance with the provisions of the Companies Act and in terms of the agreements entered into with the Company.

    Promoter Interest in property of the company

    Promoter does not have any interest in any property acquired by or proposed to be acquired by the Company two years prior to filing of the latest Prospectus.


    Innovators Facade IPO Offer Details or Issue Details

    Issue of Equity SharesUpto 56,60,800 Equity Shares of face value of Rs. 10/- each fully paid up of the Company for cash at a price of Rs. [●]/- per Equity share aggregating to Rs. [●] Lakhs
    Consisting of:
    A) Issue reserved for market makers[●] Equity Shares of face value of Rs. 10/- each fully paid up of the Company for cash at a price of Rs. [●]/- per Equity share aggregating to Rs. [●] Lakhs
    B) Net issue to the public[●] Equity Shares of face value of Rs. 10/- each fully paid up of the Company for cash at a price of Rs. [●]/- per Equity share aggregating to Rs. [●] Lakhs
    Of which:
    QIB proportion[●] Equity shares shall be available for allocation of face value of Rs. 10 each fully paid of the Company at a cash price of Rs. [●]/- per Equity Share aggregating Rs. [●] Lakhs for cash.
    Of which:
    Anchor Investor Portion[●] Equity Shares of face value of Rs 10/- each
    Balance available for allocation to QIBs other than Anchor Investors (assuming Anchor Investor portion is fully subscribed)[●] Equity Shares of face value of Rs 10/- each
    Of which:
    Available for allocation to Mutual
    Funds only (5% of the QIB Portion
    (excluding Anchor Investor)
    [●] Equity Shares of face value of Rs 10/- each
    Balance of all QIBs including Mutual Funds[●] Equity Shares of face value of Rs 10/- each
    Retail Portion[●] Equity Shares of face value of Rs. 10/- each fully paid of the Company at a cash price of Rs. [●]/- per Equity share aggregating Rs. [●] Lakhs will be available for allocation to Investors up to Rs. 2.00 Lakhs
    Non-Institutional Portion[●] Equity Shares of face value of Rs. 10/- each fully paid of the Company for cash at price of [●]/- per Equity Share aggregating Rs. [●] lakhs will be available for allocation to investors above Rs. 2.00 Lakhs
    Pre and Post-Issue Equity Shares
    Equity Shares outstanding prior to this Offer1,32,07,008 Equity Shares of Rs. 10/- each
    Equity Shares outstanding after this Offer[.] Equity Shares of Rs. 10/- each

     


    Innovators Facade IPO Issue Object

    Innovators Facade is coming up with an IPO to raise funds for the following purposes:

    • Upgradation and modernization of existing manufacturing facility
    • Funding the working capital requirements of the Company; and
    • General corporate purposes

    List of Upcoming IPOs in 2018

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    John Energy IPOTCNS Clothing IPOSembCorp Energy IPOCredit Access Grameen IPO

    Innovators Facade IPO – Basis of the Offer Price

    The Issue Price will be determined by the Company in consultation with the BRLM on the basis of an assessment of market demand for the Equity Shares through the Book Building Process and on the basis of the following qualitative and quantitative factors.

    Qualitative factors influencing the offer price:

    • Leveraging the experience of Promoter and employees
    • Marquee client base and repeat orders
    • Diversified real estate portfolio
    • Quality certifications for Quality products & Services
    • Designing and execution capability

    Quantitative factors influencing the offer price:

    • Earning per share – The company has an EPS of Rs. 1.86  for FY 20016-17 and the weighted average EPS for the three latest years is Rs. 2.16
    • Price/earning ratio – PE ratio is the price earning ratio which determines the ratio between the price and the earning of the company. The PE ratio can be determined only once the offer price is set by the company.
    • Return on Net Worth – For FY 2016-17, the company earned a RoNW to the tune of 4.48% and the weighted average RoNW is 3.41%.
    • Net Asset Value – NAV per Equity Share – The net asset value per equity share for FY 2016-17 is Rs. 40.36.
    • Comparison of Accounting ratios with Industry peers -The company believes that it does not have any listed peer.

    List of Latest IPOs of 2018

    Fine Organic IPOIndoStar Capital IPOCapricorn Food Products IPOFlemingo Travel Retail IPO
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    Innovators Facade IPO Lead Managers

    Lead Managers
    Pantomath Capital Advisors Private Limited

    Innovators Facade IPO Registrar to offer

    Registrar of the Offer
    Link Intime India Private Limited

    Innovators Facade IPO Review by Top 10 Stock Brokers

    Top Stock Brokers ReviewCompany Repu-tationCompe-titive EdgeFinan-cial State-mentPopu-larity IndexPromo-ters Repu-tation
    Angel Broking6.2/106.7/106.4/106.6/106.5/10
    Sharekhan6.2/106.1/106.6/106.1/106.4/10
    Kotak Securities6.3/106.2/106.3/106.1/106.3/10
    ICICI Direct6.3/106.3/106.7/106.1/106.5/10
    IIFL6.2/106.2/106.8/106.0/106.3/10
    Edelweiss6.2/106.3/106.3/106.3/106.2/10
    Zerodha6.3/106.1/106.2/106.1/106.4/10
    5Paisa6.1/106.1/106.3/106.1/106.1/10
    Karvy6.3/106.3/106.2/106.1/106.2/10
    Motilal Oswal6.1/106.1/106.6/106.3/106.2/10

    The ratings would be updated once the financials and the other details of the IPO are released.


    Innovators Facade IPO Grey Market Premium

    The IPO grey market will open 15 days before the release of this IPO. Hence, once the IPO release date is set, the grey market details will also be updated. The grey market generally deals at a premium price and is referred to it as grey market price or kostak rates.


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