Innokaiz India Limited IPO is set to launch on 28 April, 2023. The company initiated its business operations in the year 2013. It has been involved in corporate gifting, event management, marketing services and Advertising businesses. The company operates through both offline and online mode of business. It is also a world record holder for conducting more than 15250 Roadshows and sales promotion activities.
Innokaiz India Limited IPO DETAILS
Innokaiz India Limited IPO is set to launch on 28 April., 2023. The subscription timeline extends till 3 May, 2023. The size for the IPO is 21.17 Crore Rs. Shares issued through fresh issue mode are worth 21.17 Crore Rs. No Shares are issued through offer for sale mode. The lot size is 1600 shares and the price is 76 to 78 Rs per share. The company is going to get listed at BSE SME. The face value per share is Rs.10 and this is a Book Built issue. The registrar for the company is BigShare Services Private Limited.
Tabular Description of Innokaiz India Limited IPO
| IPO OPENING DATE | 28 April., 2023 |
| CLOSING DATE FOR IPO | 3 May, 2023 |
| ISSUE TYPE | Book Built Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | 76 to 78 Rs per share |
| LOT SIZE | 1600 shares |
| MINIMUM ORDER QUANTITY | 1600 shares |
| ISSUE SIZE | 21.17 Crore Rs. |
| OFFER FOR SALE | No shares are issued through offer for sale mode. |
| FRESH ISSUE | 21.17 Crore Rs. |
| LISTING AT | BSE SME |
| LISTING DATE | 11 May, 2023 |
Innokaiz India Limited IPO : IMPORTANT DATES
| IPO OPENING DATE | 28 April., 2023 |
| CLOSING DATE FOR IPO | 3 May., 2023 |
| IPO ALLOTMENT DATE | 8 May., 2023 |
| REFUNDS | 9 May., 2023 |
| DEMAT A/C CREDITED ON | 10 May., 2023 |
| IPO LISTING DATE | 11 May., 2023 |
Innokaiz India Limited IPO begins for subscription from 28 April., 2023. The IPO subscription would continue till 3 May., 2023. The allotment status for the shareholders who applied would come on 8 May., 2023. The refunds for the ones who did not get allotment would be initiated on 9 May., 2023. The DEMAT accounts of shareholders would be credited on 10 May., 2023. The listing of the company would be accompanied on 11 May., 2023.
Innokaiz India Limited IPO : Lead Managers
The lead managers are :
- Gretex Corporate Services Limited
The minimum lot size for the company is decided at 1600 shares. This holding accounts to 124800 Rs.. The maximum lot size is decided at 3200 shares (HNI). This amounts to 249600 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 1600 shares | 124800 Rs. |
| Maximum | 3200 shares | 249600 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The Issue proceeds will be utilised for fulfilling the working capital requirements.
COMPANY FINANCIALS
| Particularly (in Lakh Rs.) | 2019-20 | 2020-21 | 2021-22 |
| ASSETS | 2568 | 3871 | 4972 |
| Revenue | 13872 | 18506 | 28609 |
| PAT | 361 | 509 | 791 |
Innokaiz India Limited had an asset base of 2568 Lakh Rs in 2020. The company had been consistent in increasing the asset base over the years. The asset base of 2021 was 3871 Lakh Rs which is more than 1300 Lakh Rs than previous year. In 2022 the asset base of the firm was 4972 Lakh Rs. The revenue generation of the company is outstanding. It managed to generate a revenue of 13872 Lakh Rs in 2020 which increased to 18506 Lklah Rs in 2021 and 28609 Lakh Rs in 2022. This means that in 2021 the revenue increased by more than 4600 Lakh Rs. Similarly in 2022 the revenue of the firm increased by more than 10100 Lakh Rs.
The company’s profit for the year 2020 was close to 360 Lakh Rs. However this increased by more than 40% in 2021 to 509 Lakh Rs. The profit of 2022 was 791 Lakh Rs which is more than 55% than the profit of 2021.
PROS
- The company operates through both offline and online mode of business. Innokaiz Limited is a world record holder for conducting more than 15250 Roadshows and sales promotion activities.
- It is involved in multiple businesses such as Corporate gifting, Advertising, marketing services and event management.
CONS
- The company works into a very competitive segment.
Innokaiz India Limited IPO APPLICATION PROCESS WITH ZERODHA
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform.
- Clicking the IPO link present in the Portfolio section.
- Click the Innokaiz India Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
