Innovative Ideals and Services (India) Limited IPO

Innovative Ideals and Services (India) Limited was founded in 1994, which is a leading company engaged in the Goregoan, Mumbai based. Innovative is a privately held company that was formed in the year 1994 and incorporated in the year 2000. Its core line of business is to provide products and solutions in the electronics security space, and its main market focus is the construction industry (B2B), and its planned thrust is in the end-user consumer market (B2C).

Today, India's most experienced Electronic Security Solutions provider is innovative. It has always been at the forefront of introducing new products in the market, and in 1994 was the leading provider of video Door Phone (VDP) technology in the Indian market. Innovation is now known as the company that brought the concept of VDP to India.

Innovative Ideals and Services (India) Limited is provides Security and surveillance solutions with latest up-to-date, high-tech electronic systems, such as Home Networking Systems, Video Door Phones, CCTV Systems, Fire Alarm Systems, Intrusion Alarms Systems, and Telecom Products. Innovative full-time, high-trained staff is back for service to respond to customers instantly. This resulted in a happy and satisfying customer.

Innovative Ideals and Services (India) Limited IPO Details
Issue Open	24-09-2018
Issue Close	26-09-2018
Allotment Date	03-10-2018
Unblocked Amount	04-10-2018
Listing Date	05-10-2018
Issue Share	30,66,000 Total Equity Share - Reserved by Market Maker - Equity Share
Issue Size	₹ 12.26 Cr
IPO Price Band	₹ 36 - ₹ 40
Minimum Share Bid	3000
Minimum Investment Amount [Rs]	₹ 1,20,000
Face Value	₹ 10
Retail Allocation	50%
Listing On	BSE SME

Innovative Ideals and Services (India) Limited IPO Grey Market Premium GMP]
Latest Update	Premium	Kostak	Subject to Sauda	Recommended
12-09-2018 : 08:00 AM	-	-	-	Neutral

Innovative Ideals and Services (India) Limited IPO Financial details [in Rs, Cr]
Financial Year	Total Revenue	Total Expenses	Profit After Tax
FY-2013	-	-	-
FY-2014	12.81	12.08	0.50
FY-2015	12.45	12.21	0.15
FY-2016	12.17	12.15	0.01
FY-2017	10.74	9.29	0.96
FY-2018	20.31	16.00	3.08

Innovative Ideals and Services (India) Limited IPO Valuation Details
Earnings Per Share [EPS]	₹ 4.66
Price/Earnings [P/E] Ratio	-
Return on Net Worth [RoNW]	23.10 %
Net Asset Value [NAV]	₹ 16.08 Per Share

Innovative Ideals and Services (India) Limited IPO Subscription Details
As on Date	QIB/NII	RII	Total
Shared Offred	14,55,000	14,55,000	30,66,000
Day-1 [24-09-2018]	3,06,000 [0.21]	84,000 [0.06]	5,46,000 [0.13]
Day-2 [25-09-2018]	3,87,000 [0.27]	1,50,000 [0.10]	6,93,000 [0.18]
Day-3 [26-09-2018]	14,76,000 [1.01]	23,04,000 [1.58]	39,36,000 [1.23]

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Innovative Ideals and Services (India) Limited IPO Recommendations
Live IPO Team Recommendation:- Neutral

Innovative Ideals and Services (India) Limited IPO Contact Details
Innovative Ideals and Services (India) Limited E-202, 2nd Floor, Skypark, Near Oshiwara Garden, Off Ajit Glass Road, Oshiwara, Goregoan (W), Mumbai-400104, Maharashtra, India, Tel.No:- +91 022-6739 2121/2678 Fax.No:- NA Email ID:- investores@innovative.in Website:- https://www.innovative.in

Registrar of Innovative Ideals and Services (India) Limited IPO
BIGSHARE SERVICES PRIVATE LIMITED 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis Makwana Road, Marol, Andheri (East), Mumbai – 400 059 Tel. No.: +91 22 4043 8200 Fax No.: +91 22 6263 8299 E-mail: ipo@bigshareonline.com Website: www.bigshareonline.com Investor Grievance Email: investor@bigshareonline.com Contact Person: Mr. Babu Raphael SEBI Registration No.: INR000001385

Lead Managers of Innovative Ideals and Services (India) Limited IPO
PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED 406-408, Keshva Premises, Behind Family Court, Bandra Kurla Complex, Bandra (East), Mumbai – 400051, Maharashtra, India Tel: +91-22 6194 6700 Fax: +91-22 2659 8690 Website:www.pantomathgroup.com Email: ipo@pantomathgroup.com Investor Grievance Id: ipo@pantomathgroup.com Contact Person: Unmesh Zagade SEBI Registration No:INM000012110