August 4, 2023
admin
Innovatus Entertainment Networks IPO GMP, Details to Watch, Guidance & Subscription at Chanakyanipothi.com, the Oldest & the most Trusted Investment Website in India for coming up IPOs. Operational since 8th December 1999, this is the Only Investment Platform in India, which has successfully completed 23 Years.
Innovatus Listing Review:Listed at Rs. 50 as compared to last Grey Market Premium Rs. 5. The grey market buyers who accumulated shares in the first GMP trading sessions suffered loss of Rs. 15. Subsequent Grey market buyers also suffered loss of Rs. 5 per share. This is shocking!!😧
Innovatus Entertainment Networks IPO Guidance:
The business in which the company operates has tough competition. The profits are small and not quite impressive. However the IPO size is very small and hence oversubscription is not an issue. One may expect marginal listing gains.
What is the GMP of Innovatus Entertainment Networks IPO?
Click for latest GMP
Innovatus Entertainment Networks IPO Subscription
On 27 July 2023 @ 5.00 (Day 3) (Closed)
Review: Even on D-3. retail flow is impressive.
NII: 735000 Shares 56.58 T
RII: 735000 Shares 150.44 T 👋
Total: 1470000 Shares 105.18 T
Innovatus Entertainment Networks IPO GMP, Details, Guidance, Subscription
About the business
The company offers all the Direct marketing solutions- Management, CRM, B2B and B2C, Activations and Exhibitions. It is a creative platform for complete ‘Info-tainment’ with a 360-degree solution. It focuses on concept development to creatives to a total turnkey presentation and on ground execution. It looks forward to reaching a new level of innovation, through integrated media and satisfactory engagement of the audience and carve an exemplary niche in the field of ‘Infotainment’ and create a unique identity of a dedicated company on the global map.
Get more information about the company @ http://www.innovatus.info/
| Innovatus Entertainment Networks IPO Details to watch. | |
| IPO opens on Tentative | 25 July 2023 |
| IPO closes on | 27 July 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 1548000 Sh /Rs 7.74 Cr |
| * Fresh Issue | 1548000 Sh /Rs 7.74 Cr |
| * Offer for Sale | – Sh /Rs – Cr |
| Market Maker Portion | 78000 Sh. |
| Net offer to Public | 1470000 Sh./Rs.7.35 Cr |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 50 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 3000 Shares |
| Listing will at | BSE SME |
| Shares offered to | ||
| Shares | Rs. (Cr) | |
| QIB (0%) | – | – |
| NII (50%) | 735000 | 3.675 |
| RII (50%) | 735000 | 3.675 |
| Total Shares | 1470000 | 7.35 |
| Retail portion will be oversubscribed by | 245 | |
| Forms | ||
| How much Shares to Apply in Vinsys IT Services IPO? | ||
| Min Retail Application | 3000 Sh | Rs.150000 |
| Min HNI Application | 6000 Sh | Rs.300000 |
Who are the Promoters of Innovatus Entertainment IPO?
Azharuddin R. Mulla, Rich Pockets Online Services Limited and Miniboss Consultancy Pvt ltd.
What are the Objects of Innovatus Entertainment IPO?
The Company proposes to utilize the Net Proceeds from the Issue for
1. Augmenting additional working capital requirements.
2. Purchase of Exhibition Related Material.
3. General Corporate Purposes.
| IPO Tentative timetable | |
| IPO opens on | 25 July 2023 |
| IPO Closes on | 27 July2023 |
| IPO Allotment on | 1 Aug 2023 |
| Refund Initiation | 2 Aug 2023 |
| Credit of Shares | 3 Aug 2023 |
| Listing on | 4 Aug 2023 |
| Registered Office of the Company 407, Crescent Royale, Off New Link Road, Andheri West, Mumbai – 400053, Maharashtra, India |
| Who are the Lead Managers of Innovatus Entertainment IPO? |
| Inventure Merchant Banker Services Pvt Ltd |
| Who is the Registrar to IPO? |
| Purva Sharegistry India Pvt Ltd |
| IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | 7.84 | 0.33 | 1.66 | 16.28 |
| 2021-22 | 7.88 | 0.30 | 1.50 | 12.84 |
| 2022-23 (6M) | 6.84 | 0.30 | – | |
| Book Value of the Share on | 31.03.2022 | Rs.11.70 | ||
| BV of the Share at cap price | after the IPO | Rs.30.55 | ||
| Offer Price/upper band | Rs. 50 | |||
| Innovatus Entertainment Key Performance indicators | |
| Upper Price/last EPS | 33.29 |
| Upper price/BV Ratio | 4.27 |
| Upper price/BV after IPO | 1.67 |
IPO Particulars & Guidance
Peer Comparison:
The details on the comparison of accounting ratios of this company with other listed entities have not been given as the company is in the exhibition business and there are no listed peers in the same line of business
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
>>Go to Mainboard IPOs Section: Click
>>Get Good Staff or Job, Click: Staffavailable.com
>>Interested in Used Automobiles or vintage cars? Click: BigGaddi.com
>>Get solid Guidance on Mutual fund Investments, Click: ChanakyaMFGuidance.com
>>Study Stock Research Reports, Click: AnalysisLibrary.com
>>Interested in Crossword Puzzles? Click: Magajmari.com
