Innovators Facade Systems Limited IPO

Innovators Facade Systems Limited

Issue Open

May 14, 2018

Price Band

₹ 71 - ₹ 72

Issue Size

₹ 40.75 Cr

Credit of Shares to Demat

-

Issue Close

May 16, 2018

Bid Lot

1600

Listing Exchange

BSE SME

Cut off time for UPI Mandate Confirmation

-

Issue Type

Book Built Issue IPO

Minimum Order Quantity

1600

Allotment Details

-

Face Value

Rs 10 Per Equity Share

Listing On

May 24, 2018

Refunds

-

About the company:

Innovators Facade Systems Limited is Maharashtra based company engaged in end to end process related to facade systems meaning that the company offers complete solutions to its customers required in the facade systems installations in complex projects. The rich experience of around 2 decades in facade industry has made Innovators facade systems limited as one of the leading players in the industry. Therefore to maintain the position in the market, company has employed around 200 employees across departments.

Date of establishment: The company was incorporated in 1999

Promoters of Innovators Facade Systems Limited : Radheshyam Sharma and Jolly Multitrade Private Limited are the promoters of the company.

Products and Services: The company is into designing, engineering, fabrication, installations of facade systems to customers and offers glazing /curtain walls, high-end doors & windows, skylights, canopies, frameless glazing, MS structures, stone cladding, metal cladding, roofing, & others.

Customers Segment: The company has strong presence in maharashtra, goa, haryana, karnataka, tamil nadu, uttar pradesh and west bengal. The company clients across construction industry. Some of the reputed companies are Hiranandani, Relcon L&T and many more.

Object of the Issue: Issue is brought for:

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

Company Financials

Particulars

For the year/period ended (in Rs. Millions)

 

31-Mar-17

31-Mar-16

31-Mar-15

31-Mar-14

31-Mar-13

 

Total Assets

13,873.29

12,817.78

12,607.20

11,671.62

9,936.60

 

Total Revenue

10,235.96

9,438.88

9,204.92

7,734.81

7,833.22

 

Profit After Tax

186.01

167.64

316.76

269.24

232.48

 

 

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