Innovative 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 | 0.13 |
| Day 2 | 0.18 |
| Day 3 | 1.23 |
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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 LimitedÂ
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072
Phone:Â +91 22Â 4043 0200Â
Fax:Â +91 22Â 2847Â 5201
Email:Â [email protected]
Website:Â www.bigshareonline.com
Innovative Ideals IPO Allotment Status
Innovative Ideals IPO allotment status is now 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: INR43 per share (up 7.5% from IPO price)
Closing Price on BSE SME: INR45.15 per share (up 12.88% from IPO price)
There are some good cooks at work!
I personally attended the investor meeting at Rajkot today its a very good business model and co workingwith big names like TATA SKY for FTTH and Recently tie up with RELIANCE JIO for FTTH its a big game changer for INNOVATIVE its a good co for INVESTMENT , EPS 4.66 and IPO 40 RS is Resonable at 7.88 PE.