Innovatus Entertainment Networks Limited IPO is set to launch on 25 July 2023. The company initiated its business operations in the year 2012. The company offers marketing solutions such as CRM, Management, B2C and B2B, Exhibition and Activations.
Its services include Activations, Event Management, Exhibitions which include Coordination, pre and post event publicity, printing, production, distribution, staffing, guest speakers, venture research, celebrity management, translators, accommodation and catering, advanced technical support, on site management, mall promotion, school activation, event production, society promotion, design and fabrication, electrical construction, lighting, billboards etc.
Innovatus Entertainment Networks Limited IPO DETAILS
Innovatus Entertainment Networks Limited IPO is set to launch on 25 July, 2023. The subscription timeline extends till 27 July, 2023. The size for the IPO is 7.74 Crore Rs. Shares issued through fresh issue mode are worth 7.74 Crore Rs. No Shares are issued through offer for sale mode. The lot size is 3000 shares and the price is 50 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 Fixed price issue. The registrar for the company is Purva Sharegistry India Private Limited.
Tabular Description of Innovatus Entertainment Networks Limited IPO
| IPO OPENING DATE | 25 July, 2023 |
| CLOSING DATE FOR IPO | 27 July, 2023 |
| ISSUE TYPE | Fixed Price Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | 50 Rs per share |
| LOT SIZE | 3000 shares |
| MINIMUM ORDER QUANTITY | 3000 shares |
| ISSUE SIZE | 7.74 Crore Rs. |
| OFFER FOR SALE | No share offered through Offer for sale mode |
| FRESH ISSUE | 7.74 Crore Rs. |
| LISTING AT | BSE SME |
| LISTING DATE | 4 August, 2023 |
Innovatus Entertainment Networks Limited IPO : IMPORTANT DATES
| IPO OPENING DATE | 25 July, 2023 |
| CLOSING DATE FOR IPO | 27 July, 2023 |
| IPO ALLOTMENT DATE | 1 August, 2023 |
| REFUNDS | 2 August, 2023 |
| DEMAT A/C CREDITED ON | 3 August, 2023 |
| IPO LISTING DATE | 4 August, 2023 |
Innovatus Entertainment Networks Limited IPO begins for subscription from 25 July 2023. The IPO subscription would continue till 27 July, 2023. The allotment status for the shareholders who applied would come on 1 August, 2023. The refunds for the ones who did not get allotment would be initiated on 2 August, 2023. The DEMAT accounts of shareholders would be credited on 3 August, 2023. The listing of the company would be completed on 4 August, 2023.
Innovatus Entertainment Networks Limited IPO : Lead Managers
The lead managers are :
- Inventure Merchant Banker Services Private Limited
The minimum lot size for the company is decided at 3000 shares. This holding accounts to 150000 Rs.. The maximum lot size is decided at 6000 shares (HNI). This amounts to 300000 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 3000 shares | 150000 Rs. |
| Maximum | 6000 shares | 300000 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The company will use the IPO money for further working capital requirements.
- Purchase of material related to exhibition.
COMPANY FINANCIALS
| Particularly (in Lakh Rs.) | 2020-21 | 2021-22 | 2022-23 |
| ASSETS | 597 | 530 | 591 |
| Revenue | 784 | 787 | 683 |
| PAT | 33 | 30 | 29 |
Innovatus Entertainment Networks Limited had an asset base of 597 Lakh Rs in 2021 which decreased to 531 Lakh Rs in 2022. This increased again in 2023 but could not go above the asset base of 2021. The 2023 asset base was around 591 Lakh Rs. The revenue of the firm was 784 Lakh Rs in 2021 which increased to 787 Lakh Rs in 2022. However in 2023 the same decreased to 683 Lakh Rs. The profit of the company was 33 Lakh Rs in 2021. However in the next two years the same decreased consistently to 30 Lakh Rs in 2022 and 29 Lakh Rs in the year 2023.
PROS
- Its services include Activations, Event Management, Exhibitions which include Coordination, pre and post event publicity, printing, production, distribution, staffing, guest speakers, venture research, celebrity management, translators, accommodation and catering, advanced technical support, on site management, mall promotion, school activation, event production, society promotion, design and fabrication, electrical construction, lighting, billboards etc.
CONS
- The company works in a highly competitive segment.
Innovatus Entertainment Networks 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 section present in the ORDER tab.
- Click the Innovatus Entertainment Networks 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.
