IPO Details
Bidding Dates
25 Jul '23 - 27 Jul '23
Minimum Investment
₹150,000 / 1 Lots (3000 Shares)
Price Range
₹50
Maximum Investment
₹150,000 / 1 Lots (3000 Shares)
Retail Discount
Not Applicable
Issue Size
₹7.74 Cr
Investor category and sub category
Qualified Institutional Buyers | Non-Institutional Investors | Retail Individual Investors |IPO Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
Jul 25, 2023
IPO Closing Date
Jul 27, 2023
Basis of Allotment
Aug 1, 2023
Initiation of Refunds
Aug 2, 2023
Credit of Shares to Demat
Aug 3, 2023
IPO Listing Date
Aug 4, 2023
Cut-off time for UPI mandate confirmation
Jul 27, 2023
Innovatus Entertainment Networks IPO Subscription Details
| Date | NII | Retail | Total |
|---|---|---|---|
Day 1Jul 25, 2023 |
2.62 | 11.55 | 7.61 |
Day 2Jul 26, 2023 |
15.66 | 50.48 | 34.63 |
Innovatus Entertainment Networks IPO Subscription Live Status
| Investor Category | Subscription (Times) |
|---|---|
| Non-Institutional Buyers | 15.66 |
| Retail Investors | 50.48 |
| Total | 34.63 |
About Innovatus Entertainment Networks Ltd.
Innovatus is a technology company that offers all types of marketing solutions, starting from marketing, CRM, B2B, B2C, Activations and Exhibitions. The company is a creative platform. It creates creative concepts, development, and execution on the field. The services include complete solutions for event management, promotions, exhibitions, etc.
Innovatus Entertainment Networks Ltd IPO Details
Innovatus Entertainment Networks Ltd is a 100% fresh IPO worth ₹774.00 lakh. The issue comprises 15,48,000 shares and is priced at ₹50 per share. Retail investors can bid for the Innovatus Entertainment Networks IPO, which will open on July 25, 2023. Innovatus Entertainment Networks' IPO will list on the BSE exchange on August 4, 2023.
Innovatus Entertainment Networks Ltd IPO Objective
The net proceeds from the IPO will be utilised for the following.
- Augmentation of the working capital
- Procurement of exhibition-related material
- General corporate purposes
Noteworthy Highlights of Innovatus Entertainment Networks
- Innovatus Entertainment Networks has a client base of LG, Muthoot Fin Corp, The Times of India, American Express, etc.
- They offer event management, activations and exhibitions solutions to all kinds of clients irrespective of their field.
IPO Financials
| Particulars | Period ending on September 30, 2022 | Year ending on March 31, 2022 | Year ending on March 31, 2021 |
|---|---|---|---|
| Revenue from Operations | 683.64 | 787.90 | 784.07 |
| Profit After Tax (PAT) | 29.90 | 30.19 | 33.38 |
| PAT Margin | 4.37% | 3.83% | 4.26% |
| EBITDA | 50.21 | 63.04 | 79.47 |
| EBITDA Margin | 7.34% | 8.00% | 10.14% |
| EPS | 1.49 | 1.50 | 1.66 |
| ROE | 11.28% | 12.84% | 16.28% |
Know before investing
Strengths
2-
Currently, there are no listed competitors for the company.
-
The company offers a 360-degree solution to their clients, i.e., from concept development to creatives and ultimately aims for flawless execution on-ground.
Risks
2-
There are outstanding tax-related legal proceedings against the company.
-
The revenue of the company is hugely dependent on the marketing budget of companies/exhibitors. And the company doesn’t hold any long-term contract with any client.
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Innovatus Entertainment Networks IPO FAQs
The total issue size of the Innovatus Entertainment Networks Ltd IPO is ₹774.00 lakh, comprising fresh equity shares. The IPO share price is fixed at ₹50 per share.
The Basis of Allotment will happen on Tuesday, August 1, 2023.
The IPO subscription window will open on Tuesday, July 25, 2023.
Retail investors can apply for a minimum of one lot, which consists of 3,000 shares.
Innovatus Entertainment Networks Ltd IPO will list on the BSE exchange on Friday, August 4, 2023.
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Validate with an OTP
- Enter your application number, DP ID, and PAN number into the app
- Click on ‘Submit’
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange, which is Friday, August 4, 2023, for Innovatus Entertainment Networks Ltd.
Under the new system, the bank will block the amount initially in your account. The money will be debited when the shares are allotted, or the bank will unblock the amount after the UPI mandate expiry date.
Login to your UPI handle to approve the payment mandate and complete the IPO application process.
You can submit only one application using one PAN card.
