IPO Issue Details
Issue Price / Price Band₹70 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size2,000 Shares per Lot
Total Issue Size11,00,000 shares (aggregating up to ₹7.70 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenWed, 29 Nov 2017
Subscription CloseMon, 04 Dec 2017
Anchor AllotmentTue, 28 Nov 2017
Basis of AllotmentSun, 10 Dec 2017
Initiation of RefundsMon, 11 Dec 2017
Credit of Shares to DematMon, 11 Dec 2017
Listing DateTue, 12 Dec 2017
UPI Mandate Deadline2017-12-04
Application & Investment Details
Retail — Min (1 Lots)140000 — 2000 shares
Retail — Max (13 Lots)₹1,820,000 (13 Lots)
HNI — Min (2 Lots)280000 — 4000 shares
Net Offer to Public10,40,000 shares (aggregating up to ₹7.28 Cr)
Reserved for Market Maker60,000 shares (aggregating up to ₹0.4200 Cr)
Pre-IPO Promoter Holding30,00,000 shares
Post-IPO Promoter Holding41,00,000 shares
About Innovana Thinklabs Ltd
Incorporated in 2015, Innovana Thinklabs Limited (Formerly known as PCVARK Software Limited) is Jaipur, Rajasthan based software and application development company. Innovana design, develop and maintain software systems and solutions, create new applications and enhance the functionality of our customers existing software products. Company's product portfolio includes Ad-blocker, disk cleanup, space reviver, file opener and privacy protector etc.Innovana Thinklabs has developed number of utilities which are used in 13 different languages and over 126 countries. Innovana employs total of 84 employees (including permanent and on-call software professionals/technicians).
Objects of the Issue
Innovana Thinklabs Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
To Meet Working Capital Requirement
1.25
3
General Corporate Expenses
0.98
Shareholding & Lock-in
Pre-IPO Promoter Holding
30,00,000 shares
Post-IPO Promoter Holding
41,00,000 shares