Innovative Ideals and Services (India) Limited IPO

Add to Calendar 2018-09-24 12:00 AM 2018-09-26 12:00 AM Asia/Kolkata Innovative Ideals and Services (India) Limited IPO Innovative Ideals and Services (India) Limited India

Innovative Ideals and Services Limited is involved in providing services of System Integration for security, safety and building automation besides installation of varied electronics systems. It has provided services to more than 21,800 apartments in more than 15 Years of service span.

Date of Establishment: The company was initially incorporated as ‘Innovative Ideals and Services (India) Private Limited’ at Mumbai on 06th December 2000. Thereafter the company was converted to public limited company reframed as ‘Innovative Ideals and Services (India) Limited’ on the 21st of September 2017.

Promoters of Innovative Ideals and Services Limited: Mr Maqsood Shaikh and Mr Tazyeen Shaikh are the promoters of Innovative Ideals and Services Limited.

  Products and Services Offering: The company has a varied range of products that caters both B2B and B2C model that consists of:

  • - Video Door Phone

  • - Home Automation Systems

  • - Intrusion Alarm System

  • - CCTV Systems

  • - Access Controls

  • - Fire Alarm

  • - Savior

  • -  ArmHer

Customer Segments: The company offers products and services across domestic as well as foreign markets. The clientele list includes Aptestha Trading, Trio Mercantile & Trading Limited, Vimkan Enterprises Private Limited, Sinner Energy India Limited and Bevel Designs among others.

Objectives of the Innovative Ideals and Services Limited IPO: The core objects of this issue are:

  • - Funding Capital requirements.

  • - General Corporate Expenses.

Company Financials:

Summary of Financial Information (Restated)

Particulars

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


3 -Mar-18

3 -Mar-17

3 -Mar-16

3 -Mar-15

3 -Mar-14

Total Assets

3,479.82

2,287.04

2,081.86

2,355.01

4,774.17

Total Revenue

2,031.84

1,074.57

1,217.81

1,245.07

1,281.61

Profit After Tax

308.79

96.76

1.36

15.56

50.26

Issue Detail

  • Issue Open: Sep 24, 2018
  • Issue Close: Sep 26, 2018
  • Issue Type: Book Built Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 36 - Rs 40 Per Equity Share
  • Bid Lot:3000 Shares
  • Minimum Order Quantity:3000 Shares
  • Listing At: BSE SME
  • Issue Size: • Rs 12.26 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved - 1,455,500 1,455,500 - - 2,911,000
Day 1 - Sep 24, 2018IST - 0.21x 0.05x - - 0.13x
Day 2 - Sep 25, 2018IST - 0.27x 0.10x - - 0.18x
Day 3 - Sep 26, 2018IST - 1.01x 1.58x - - 1.30x

Listing Day Trading Information

- BSE NSE
Issue Price Rs 40.00 -
Open Rs 43.00 -
Low Rs 40.90 -
High Rs 45.15 -
Last Trade Rs 45.15 -
Volume 2,448,000 -

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