Business description – Incorporated in 1999, Innovators Façade Systems is engaged in designing, engineering, fabrication and installation of façade systems. The company offers total solutions to its customers with respect to their requirement of façade installation in complex projects. The company specializes in technically demanding facades. Its manufacturing facility is situated at Wada, Maharashtra and is spread over 125,000 square feet. The company executes end to end fabrication of its products i.e. from designing of facades to dispatching. Its 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 has a widespread presence and is executing projects in various states such as Maharashtra, Goa, Haryana, Karnataka, Tamil Nadu, Uttar Pradesh and West Bengal.
Promoters of Innovators Facade Systems – Radheshyam Sharma and Jolly Multitrade Private Limited
| Innovators Facade Systems IPO details | |
| Subscription Dates | 14 – 16 May 2018 |
| IPO Price band | INR71 – 72 per share |
| Fresh issue | 5,660,800 shares (INR40.19 – 40.76 crore) |
| Offer for sale | Nil |
| Total IPO size | 5,660,800 shares (INR40.19 – 40.76 crore) |
| Minimum bid (lot size) | 1,600 shares |
| Face Value | INR10 per share |
| Retail Allocation | 35% |
| Listing On | BSE SME platform |
Use of funds
- Upgradation and modernisation of existing manufacturing facility – INR10.72 crore
- Working capital requirements – INR20.00 crore
| Innovators Facade’s financial performance (in INR crore) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | 9M FY2018 | |
| Total revenue | 78.3 | 77.3 | 92.0 | 94.4 | 102.4 | 126.3 |
| Total expenses | 74.8 | 73.4 | 87.3 | 91.8 | 99.5 | 117.5 |
| Profit after tax | 2.3 | 2.7 | 3.2 | 1.7 | 1.9 | 5.8 |
Innovators Facade’s Contact Details
Innovators Facade Limited
204, B-65, Sector No 1
Shanti Nagar, Mira Road (East)
Thane- 401107
Phone: +91 022 2813 2151
Email: [email protected]
Website: www.innovators.in
Innovators Facade IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.35 |
| Day 2 | 1.42 |
| Day 3 | 33.57 |
Innovators Facade Valuation (Latest FY)
Earnings Per Share (EPS): INR1.77
Price/Earnings (P/E) ratio: 40.11 – 40.67
Return on Net Worth (RONW): 3.05%
Net Asset Value (NAV): INR58.05 per share
Registrar of Innovators Facade IPO
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
Website:Â http://www.linkintime.co.in
Innovators Facade IPO Allotment Status
Innovators Facade IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.
Listing performance of Innovators Facade
IPO Opening Date: 14 May 2018
IPO Closing Date: 16 May 2018
Listing Date: 24 May 2018
Listing Price on BSE SME: INR72 per share (no change from IPO price)
Closing Price on BSE SME: INR75.6 per share (up 5% from IPO price)
This is a great company, Vijay Kedia has invested in it!!!
Guys, take care with this. Don’t go for just listing gains, it will be a great performer.
Another one from Pantomath – the MOtilal Oswal of small caps
Good company, it will reward investors