Thursday, May 10, 2018

Innovators Facade Systems IPO Dates, Price Band, Market Lot, Allotment & Subscription Details

Innovators Facade Systems Ltd is incorporated in 1999 based in Maharashtra. The company is doing designing, fabrication, engineering and installation of facade systems. They already developed their brand image as Facade Industry specialist. They have their manufacturing facility situated at Wada, Maharashtra. Their product range includes curtain walls, high end doors and windows, framless glazing, stone cladding, metal cladding, skylights and more. They have their presence in states like Maharashtra, Goa, Haryana, Karnataka, Tamil Nadu, Uttar Pradesh and West Bengal. They have few big names in their client list includes Hiranandani Realtors, Relcon Infraprojects, Larsen & Toubro, Grauer & Weil (I) Limited and more. Innovators Facade Systems ipo is starting from 14-May and ends on 16-May. The price band is around Rs.71-72 with 1600 market lot. The ipo size is around 40.75 crore rupees.

IPO Review:
  • Apply for Listing & Long Term Gain
Innovators Facade Systems IPO Dates & Price Band:
  • IPO Open: 16 May 2018
  • IPO Close: 16 May 2018
  • IPO Size: Approx Rs 40.75 Crore
  • Face Value: Rs.10 Per Equity Share
  • Price Band: Rs.71-72 Per Equity Share
  • Listing on: BSE SME
  • Shares: 5,660,800
  • Retail Portion: 50%
IPO Market Lot:
  • Shares: Apply for 1,600 Shares (Minimum Lot Size)
  • Amount: Rs.1,15,300
IPO Allotment & Listing:
  • Basis of Allotment: 22-May-2018
  • Refunds: 23-May-2018
  • Credit to demat accounts: 24-May-2018
  • Listing: 25-May-2018
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Financial Results:

  Rs. in Crore
Revenue Expense PAT
2013 78.3 74.8 2.3
2014 77.3 73.4 2.7
2015 92.0 8.73 3.2
2016 94.4 9.18 1.7
2017 102.4 9.95 1.9

Grey Market Premium:
  • The grey market is around Rs.9000 Subject to Sauda.
Innovators Facade Systems IPO Subscription Status:
  • IPO Subscribed 33.57 times overall
Innovators Facade Systems IPO Allotment Status:
Company Promoters:
  • Radheshyam Sharma
  • Jolly Multitrade Private Limited
Quick Links:
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IPO Registrar:
Link Intime India Private Ltd
Phone: +91-22-25963838
Fax: +91-22-25946969
IPO Lead Managers:
  •  Pantomath Capital Advisors Pvt. Ltd.
Company Address:
Innovators Facade Systems Limited
204, B-65, Sector No 1,
Shanti Nagar, Mira Road (East),
Thane- 401107
Phone: 022- 28132151
Fax: 022- 28132151