IPO Issue Details
Issue Price / Price Band₹72 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,600 Shares per Lot
Total Issue Size56,60,800 shares (aggregating up to ₹40.76 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenMon, 14 May 2018
Subscription CloseWed, 16 May 2018
Anchor AllotmentSun, 13 May 2018
Basis of AllotmentTue, 22 May 2018
Initiation of RefundsWed, 23 May 2018
Credit of Shares to DematWed, 23 May 2018
Listing DateThu, 24 May 2018
UPI Mandate Deadline2018-05-16
Application & Investment Details
Retail — Min (1 Lots)₹1,15,200 — 1,600 shares
Retail — Max (13 Lots)₹1,497,600 (13 Lots)
HNI — Min (2 Lots)₹2,30,400 — 3,200 shares
Net Offer to Public53,72,800 shares (aggregating up to ₹38.68 Cr)
Reserved for Market Maker2,88,000 shares (aggregating up to ₹2.07 Cr)
Pre-IPO Promoter Holding1,32,07,008 shares
Post-IPO Promoter Holding1,88,67,808 shares
About Innovators Facade Systems Ltd.
Incorporated in 1999, Maharastra based Innovators Façade Systems Limited is a company engaged in designing, engineering, fabrication, and installation of façade systems. The company offers total solutions to its customers with respect to their requirement of façade installation in complex projects. It specializes in technically demanding facades. With an operating history of more than eighteen years, the company has developed a brand image in the façade industry.The manufacturing facility of Innovators is situated at Wada, Maharashtra and is spread over 1,25,000 square feet. The product basket ranges from glazing /curtain walls, high-end doors & windows, skylights, canopies, frameless glazing, MS structures, stone cladding, metal cladding, roofing, & others. The registered office of the Company is situated at Mumbai and it has 7 branch offices across India.Innovators Facade has a widespread presence and is executing projects in various states such as Maharashtra, Goa, Haryana, Karnataka, Tamil Nadu, Uttar Pradesh and West Bengal. The company has executed around 200 projects and has long-standing reputed clients across the construction industry. It has offered its services for varied type of construction projects including residential buildings, commercial complexes, IT Parks, airports, retail and pharma projects. The company has a recognized list of clients including M/s. Hiranandani Realtors Pvt. Ltd., M/s. Relcon Infraprojects Limited, M/s. Larsen & Toubro Limited, M/s. Grauer & Weil (I) Limited etc. among others.The current manpower strength is 198 employees out of which the company has 76 personnel including Executive directors, accountants, administrative executives, supervisors, Estimation and designer, 6 business development, marketing and sales personnel and 6 employees in the purchase department.
Objects of the Issue
Innovators Facade Systems Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Upgradation and modernization of existing manufacturing facility
10.72
2
2 Funding the working capital requirements of the Company
20.00
3
3 General corporate purposes
5.79
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,32,07,008 shares
Post-IPO Promoter Holding
1,88,67,808 shares