IPO Issue Details
Issue Price / Price Band₹78 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,600 Shares per Lot
Total Issue Size27,13,600 shares (aggregating up to ₹21.17 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenFri, 28 Apr 2023
Subscription CloseWed, 03 May 2023
Anchor AllotmentThu, 27 Apr 2023
Basis of AllotmentMon, 08 May 2023
Initiation of RefundsTue, 09 May 2023
Credit of Shares to DematWed, 10 May 2023
Listing DateThu, 11 May 2023
UPI Mandate Deadline2023-05-03
Application & Investment Details
Retail — Min (1 Lots)₹1,24,800 — 1,600 shares
Retail — Max (13 Lots)₹1,622,400 (13 Lots)
HNI — Min (2 Lots)₹2,49,600 — 3,200 shares
Net Offer to Public25,77,600 shares (aggregating up to ₹20.11 Cr)
Reserved for Market Maker1,36,000 shares (aggregating up to ₹1.06 Cr)
Pre-IPO Promoter Holding75,10,000 shares
Post-IPO Promoter Holding1,02,23,600 shares
About Innokaiz India Ltd
Incorporated in 2013, Innokaiz India Limited provides event management, corporate gifting, advertising, and marketing services through both offline and online formats.The company's service model is divided into the following categories:1. Advertising and Marketing Services:Outdoor Advertisements: The company provides services at outdoor Bus Shelters, Arches, Police Booth, General Booth, Pole Kiosk, Signal Post, Temp Hoarding, Sun Pack flute Board, Backdrop, Banners, Roadshows, Mobile Vans, Etc. In signage: Backlit Board, Nonlit Board, ACP Pylon, Acrylic Boards, Cutout, Standee, Etc.Digital Marketing: SEO, UI/UX, Content Marketing, and Web Development.2. Event Management: The company organizes and manages all the requirements for Corporate Events including Meetings, Incentive Programs, and Conferences, Exhibitions (MICE). They arrange events for Banking, Insurance, Asset Management Companies, etc., and have organized over 200 events of various magnitudes so far.3. Corporate Gifting: The company provides corporate gifting vouchers and customized solutions suitable to all occasions including personalization and providing logo printing as per designs.4. E-commerce: The company also provides Home Appliances, Electronic Gadgets, Mobiles, Laptops, Toys & day to day needs products through its e-commerce platform.The company holds World Record for Conducting 15,250 Roadshows/ Lead Generation and Sales Promotion activities.
Objects of the Issue
Innokaiz India Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
Working Capital Requirements
14.00
2
General Corporate Purposes
4.27
Shareholding & Lock-in
Pre-IPO Promoter Holding
75,10,000 shares
Post-IPO Promoter Holding
1,02,23,600 shares