Innovatus Entertainment Networks Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

25 Jul 2023

Close Date

27 Jul 2023

Allotment

01 Aug 2023

Listing Date

04 Aug 2023

Exchange

BSE SME

Price Band

₹50

Listing Price

See chart

Allotment Status

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Price Band

₹50

Per share

Face Value

₹10 per share

Lot Size

3,000 Shares

per lot

Issue Size

15,48,000 shares (aggregating up to ₹7.74 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹150,000

1 lot

Pre-IPO Holding

24,10,000 shares

Promoters

Post-IPO Holding

39,58,000 shares

Promoters

P/E (Pre)

41x

EPS (Pre)

₹2.00

UPI Deadline

2023-07-27

Mandate

Anchor AllotmentMon, 24 Jul 2023

Basis of AllotmentTue, 01 Aug 2023

Refund InitiationWed, 02 Aug 2023

Demat CreditThu, 03 Aug 2023

Listing DayFri, 04 Aug 2023

UPI Mandate Deadline2023-07-27

Sale TypeFresh Capital

Net Offer to Public14,70,000 shares (aggregating up to ₹7.35 Cr)

Market Maker Quota78,000 shares (aggregating up to ₹0.3900 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Innovatus Entertainment Networks Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 27 Jul 2023.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	78,000	—	₹0.39
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	1,548,000	100%	₹7.74

IPO Shares Offered

Innovatus Entertainment Networks Ltd IPO total issue size: ₹7.74 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	78,000	₹0.39	5.04%
Total	1,548,000	₹7.74	100.00%

* Based on upper price band ₹50 per share

Lot Size & Investment

Lot Size

3,000

Shares per Lot

Issue Price

₹50.00

Upper Band

Min Investment

₹150,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	6,000	₹300,000
Retail (Max — 13 Lots)	13	39,000	₹1,950,000
S-HNI (Min — 14 Lots)	14	42,000	₹2,100,000
B-HNI (Min — 68 Lots)	68	204,000	₹10,200,000

* Issue Price ₹50 × Lot Size 3,000 shares

IPO Schedule

Anchor

24 Jul 2023

✓ Done

IPO Open

25 Jul 2023

✓ Done

IPO Close

27 Jul 2023

✓ Done

Allotment

01 Aug 2023

✓ Done

Refunds

02 Aug 2023

✓ Done

Demat Credit

03 Aug 2023

✓ Done

Listing Day

04 Aug 2023

✓ Done

₹50.00

INR · BSE

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Issue ₹50.00 Live Price

About Innovatus Entertainment Networks Ltd

Incorporated in 2012, Innovatus Entertainment Networks Limited offers all the Direct marketing solutions- Management, CRM, B2B and B2C, Activations, and Exhibitions. The company offers services such as Event Management, Activations, and Exhibitions including services like Event Co-ordination, Pre and Post event Publicity, Production, Printing and Distribution, Venue Research and Booking, Staffing, Guest speakers, Celebrity Management, Transport, Accommodation and Catering, Translators, On-site management, Most advanced technical support, and School/college activation. Mall promotion, Society promotion, Event Production, Exhibition, Design and Fabrication, Semi and Permanent Displays, Electrical Construction and Consultation, Graphic illustration and Production, Lighting, Semi, and Permanent Sign age and Bill Board, Lettering, Global Exhibit Management and Custom and System Rental Program.Competitive Strengths:1. Creative activations and lateral approach to innovative concepts and their flawless execution.2. Engage Partnership & Sponsorship.3. Focus on clients.

Objects of the Issue

Augmenting additional working capital requirements

Purchase of Exhibition Related Material

General Corporate Purposes

Innovatus Entertainment Networks Ltd Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹784.1

31-Mar-21

₹787.9

31-Mar-22

₹1,093.9

31-Mar-23

Profit After Tax (PAT)

₹33.4

31-Mar-21

₹30.2

31-Mar-22

₹48.3

31-Mar-23

Particulars	31-Mar-23	31-Mar-22	31-Mar-21
Revenue from Operations	1093.93	787.90	784.07
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	48.26	30.19	33.38
Net Worth	483.45	235.19	205.00
Total Assets	822.63	530.83	597.72
Reserves & Surplus	242.45	34.19	204.00
Borrowings	152.34	152.34	152.34
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

RoE

9.98%

RoCE

11.32%

RoNW

9.98%

Debt/Equity

0.32

Issue Structure & Shareholding

Total Shares Offered15,48,000 (100.00%)

Net Offer to Public14,70,000 shares (aggregating up to ₹7.35 Cr)

Reserved for Market Maker78,000 shares (aggregating up to ₹0.3900 Cr)

Pre-Issue Promoter Holding24,10,000 shares

Post-Issue Promoter Holding39,58,000 shares

P/BV RatioN/A

RoE9.98%

RoCE11.32%

Debt / Equity0.32

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Purva Sharegistry (India) Pvt.Ltd

+91-022-23018261/ 23016761

support@purvashare.com

https://www.purvashare.com/investor-service/ipo-query

Check Allotment

Book Running Lead Managers

Inventure Merchant Banker Services Pvt.Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Innovatus Entertainment Networks Ltd IPO subscribed? ▲

Innovatus Entertainment Networks Ltd IPO is subscribed 1.00 times by Jul 27, 2023. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Innovatus Entertainment Networks Ltd IPO retail subscription status? ▼

The Innovatus Entertainment Networks Ltd IPO retail category is subscribed 1.00 times as of 27 Jul 2023. The retail portion is oversubscribed.

How to subscribe Innovatus Entertainment Networks Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 25 Jul 2023 and closes 27 Jul 2023. Min investment: ₹150,000 (1 lot = 3,000 shares). UPI mandate: 2023-07-27.

How many times Innovatus Entertainment Networks Ltd IPO subscribed? ▼

The Innovatus Entertainment Networks Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Innovatus Entertainment Networks Ltd IPO allotment? ▼

Check allotment on the registrar website (Purva Sharegistry (India) Pvt.Ltd) at https://www.purvashare.com/investor-service/ipo-query. Enter your PAN, application number or DP/Client ID. Allotment date: 01 Aug 2023. Refunds: on 02 Aug 2023.

When Innovatus Entertainment Networks Ltd IPO will be listed? ▼

The Innovatus Entertainment Networks Ltd IPO listing date is 04 Aug 2023, Friday. Listed on: BSE SME. Issue price: ₹50. Estimated listing: ₹50. GMP: NIL.

When Innovatus Entertainment Networks Ltd IPO close? ▼

The Innovatus Entertainment Networks Ltd IPO closes on 27 Jul 2023, Thursday. UPI mandate: 2023-07-27. Allotment: 01 Aug 2023. Listing: 04 Aug 2023.

Quick Actions

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Live Price LIVE

Last Price₹50.00

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Issue Price₹50.00

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Quick Summary

StatusListed

Issue Price₹50

Face Value₹10

Lot Size3,000 Sh

Min. Amount₹150,000

GMPNIL

Est. Listing₹50

Subscribed1.00x

Open Date25 Jul 2023

Close Date27 Jul 2023

Allotment01 Aug 2023

Listing Date04 Aug 2023

ExchangeBSE SME

UPI Deadline2023-07-27