Innovatus Entertainment IPO Details ( Innovatus Entertainment Networks IPO Review )
(25 Jul 2023 – 27 Jul 2023)
In 2012, Innovatus Entertainment Networks Limited was founded, offering a comprehensive range of Direct marketing solutions. These solutions include Management, CRM, B2B, and B2C services, as well as Activations and Exhibitions.
The company specializes in Event Management, Activations, and Exhibitions, providing services like Event Coordination, 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, State-of-the-art technical support, and School/college activations. Additionally, they excel in Mall and Society promotions, Event Production, Exhibition, Design and Fabrication, Semi and Permanent Displays, Electrical Construction and Consultation, Graphic illustration and Production, Lighting, Semi and Permanent Signage and Billboards, Lettering, Global Exhibit Management, and Custom and System Rental Programs.
The company’s competitive strengths are:
- Innovative and creative activations, and a unique approach to executing innovative concepts flawlessly.
- Skillful engagement in Partnership & Sponsorship opportunities.
- Strong dedication to prioritizing the needs of their clients.
Innovatus Entertainment Networks Limited Company Product
- Event Management:
- Entire Event Co-ordination.
- Pre and Post event Publicity
- Production, Printing and Distribution Literature
- Venue Research and Booking
- Staffing
- Guest speakers
- Celebrity Management
- Transport, Accommodation and Catering
- Translators
- On-site management
- Most advanced technical support
- Stage planning
- Devising appropriate system for execution
- Post event analysis
- Activations:
- School/college activation
- Mall promotion
- Society promotion
- Road shows
- Joggers park activity
- Corporate park
- Exhibitions:
- 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
- Custom and System Rental Program
- AV Equipments
Innovatus Entertainment Networks Limited IPO Competitive Strength
- Creative activations and lateral approach to innovative concepts and their flawless execution
- Engage Partnership & Sponsorship
- Focus on clients
- Understanding the resources
- Go Social
- Increase the number of Client Relationships
Innovatus Entertainment IPO Financials Performance ( Results )
Innovatus Entertainment Limited Financial Information ( Restated )
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-20 | 449.41 | 1,042.12 | 29.44 | 1.46 | 171.61 | – | 170.61 | 0.00 |
| 31-Mar-21 | 597.72 | 784.07 | 33.38 | 1.66 | 205.00 | – | 204.00 | 152.34 |
| 31-Mar-22 | 530.83 | 787.90 | 30.19 | 1.50 | 235.19 | 11.70 | 34.19 | 152.34 |
| 30-Sep-22 | 591.86 | 683.64 | 29.90 | – | 265.08 | 13.19 | 64.08 | 152.34 |
Objective of IPO Issue
- Augmenting additional working capital requirements
- Purchase of Exhibition Related Material
- General Corporate Purposes
Innovatus Entertainment IPO Basic Details
| IPO Date | Jul 25, 2023 to Jul 27, 2023 |
| Listing Date | Friday, August 04, 2023 |
| Face Value | ₹10 per share |
| Price | ₹50 per share |
| Lot Size | 3000 Shares |
| Issue Size | 1,548,000 shares (aggregating up to ₹7.74 Cr) |
| Fresh Issue | 1,548,000 shares (aggregating up to ₹7.74 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 2,410,000 |
| Share holding post issue | 3,958,000 |
| Company Promoters | Azharuddin R. Mulla, Rich Pockets Online Services Limited and Miniboss Consultancy Private Limited |
Innovatus Entertainment IPO Reservation
| Other Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
Innovatus Entertainment IPO Timetable
Innovatus Entertainment IPO will open on July 25, 2023 and close on July 27, 2023. You can join Innovatus Entertainment IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 25 July 2023 (Tuesday) |
| Closing Date | 27 July 2023 (Thursday) |
| Basis of Allotment | 01 August 2023 (Tuesday) |
| Initiation of Refunds | 02 August 2023 (Wednesday) |
| Credit of Shares to Demat | 03 August 2023 (Thursday) |
| Listing Date | 04 August 2023 (Friday) |
| Deadline for UPI mandate confirmation | 5 PM on 27 July 2023 |
Innovatus Entertainment Networks IPO Lot Size
For retail investors in Innovatus Entertainment Networks IPO, 3000 shares will come in 1 lot or the minimum investment will be ₹150,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹150,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 3000 | ₹150,000 |
| Retail (Max) | 1 | 3000 | ₹150,000 |
| S-HNI (Min) | 2 | 6000 | ₹300,000 |
Innovatus IPO Promoter Holding
The company’s promoters include Azharuddin R. Mulla, Rich Pockets Online Services Limited and Miniboss Consultancy Private Limited.
| Pre Issue Share Holding | 99.97% |
| Post Issue Share Holding | 60.87% |
Innovatus Entertainment Networks Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | Coming Soon |
| Earning Per Share (EPS) | ₹1.50 per Equity Share |
| Net Asset Value (NAV) | ₹11.70 per Equity Share |
| P/E Ratio (P/E) (x) | 33.29 |
| Return on Net Worth (RoNW) (%) | 12.84 |
| Return on equity (ROE) (%) | 12.84 |
| Return on Capital Employed (ROCE) (%) | 13.29 |
| Debt/Equity Ratio | Coming Soon |
| Upper Price/Book Value (Price/BV) Ratio | Coming Soon |
Innovatus Entertainment Networks Ltd Peer Comparison
The details on the comparison of accounting ratios of our company with other listed entities have not been given as our company is in the exhibition business and there are no listed peers in the same line of business.
Innovatus Entertainment Networks IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 1 August 2023 | ₹12 | – | – |
| 31 July 2023 | ₹12 | – | – |
| 30 July 2023 | ₹12 | – | – |
| 29 July 2023 | ₹12 | – | – |
| 28 July 2023 | ₹14 | – | – |
| 27 July 2023 | ₹14 | – | – |
| 26 July 2023 | ₹15 | – | – |
| 25 July 2023 | ₹11 | – | – |
| 24 July 2023 | ₹11 | – | – |
| 23 July 2023 | ₹11 | – | – |
| 22 July 2023 | ₹11 | – | – |
| 21 July 2023 | ₹10 | – | – |
Innovatus IPO Detail Video:
Innovatus Entertainment Networks IPO Subscription Status (Bidding Detail)
The Innovatus Entertainment Networks IPO on July 27, 2023 at 7:30:00 PM was subscribed 105.21 times, with the retail category being subscribed 150.50 times, the other category being subscribed 56.58 times.
| Category | Subscription |
| QIB | 56.58x |
| Retail | 150.50x |
| Total | 105.21x |
Innovatus Entertainment Networks IPO Prospectus
| Innovatus Entertainment Networks IPO DRHP | Download |
| Innovatus Entertainment Networks IPO RHP | Download |
| Innovatus Entertainment Networks IPO Anchor Investors Details PDF | Download |
Innovatus Entertainment Networks IPO Rating
| Our Rating | 2.5/5.0 |
Innovatus Entertainment Networks Company Contact Information
Innovatus Entertainment Networks Limited
Registered Office: 407, Crescent Royale, Off New Link Road,
Andheri West, Mumbai – 400053, Maharashtra, India
Tel: +91 22 4016 5928
Website: www.innovatus.info
E-mail: cs@innovatus.info
Contact Person: Ms. Sonal Gandhi, Company Secretary and Compliance Officer
Our Promoters: Azharuddin R. Mulla, Rich Pockets Online Services Limited
and Miniboss Consultancy Private Limited
Innovatus Entertainment Networks IPO Registrar
Purva Sharegistry (India) Private Limited
Registered Office: 9, Shiv Shakti Industrial Estate, J. R. Boricha Marg,
Opp. Kasturba Hospital Lane, Lower Parel (E),
Mumbai – 400011, Maharashtra, India
Tel No.: +91 22 2301 2518 / 8261
Email: support@purvashare.com
Investor Grievance Email: support@purvashare.com
Website: www.purvashare.com
SEBI Registration No: INR000001112
Contact Person: Deepali Dhuri, Compliance Officer
Innovatus Entertainment Networks IPO Lead Manager
Inventure Merchant Banker Services Private Limited
Registered Office: 2nd Floor, Viraj Tower, Nr. Andheri Flyover (North End),
Western Express Highway, Andheri (East) Mumbai – 400 069, Maharashtra
Tel No: +91 22 4075 1500
Fax No: +91 22 4075 1511
Email: sme.ipo@inventuremerchantbanker.com
Investor Grievance Email: redressal@inventuremerchantbanker.com
Website: www.inventuremerchantbanker.com
SEBI Registration No: INM000012003
Contact Person: Arvind Gala
Innovatus Entertainment Networks IPO FAQs
What is the lot size of Innovatus Entertainment Networks IPO?
The total size of Innovatus Entertainment Networks IPO is ₹7.74 crores and this is a complete fresh Issue.
When will Innovatus Entertainment Networks IPO start?
Innovatus Entertainment Networks IPO will open from 25 July 2023 and IPO will close on 27 July 2023.
What is the open date of Innovatus Entertainment Networks IPO?
Innovatus Entertainment Networks IPO will open date from 25 July 2023.
What is the last date ( close date ) of Innovatus Entertainment Networks IPO?
Innovatus Entertainment Networks IPO will close from 27 July 2023.
What is the price band of Innovatus Entertainment Networks IPO?
Innovatus Entertainment Networks IPO price band is ₹50.
What is the minimum amount required to apply for Innovatus Entertainment Networks IPO?
The minimum investment for retailers to apply for Innovatus Entertainment Networks IPO is ₹150,000 and the maximum investment is ₹150,000.
What is going on gray market premium of Innovatus Entertainment Networks IPO?
View gray market premium of Innovatus Entertainment Networks IPO by Clicking Here
How much is the GMP of Innovatus Entertainment Networks IPO?
Watch Innovatus Entertainment Networks IPO GMP Today: Click Here
What is the allotment date of Innovatus Entertainment Networks IPO?
The allotment date of Innovatus Entertainment Networks IPO is 01 Aug 2023.
How to check allotment status in Innovatus Entertainment Networks IPO?
To check the allotment status of Innovatus Entertainment Networks IPO, first of all go to the registrar website by clicking here, select your bad Innovatus Entertainment Networks IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Innovatus IPO?
The listing date of Innovatus IPO is 04 Aug 2023.
How much will be the listing gain in Innovatus IPO?
View listing gain of Innovatus IPO by Clicking Here
How much time Innovatus IPO is subscribed?
Total 105.21 times subscribed in Innovatus IPO out of which 150.50 times subscription was done in retail quota, 56.58 times subscription in other quota.
How to apply for Innovatus IPO from Upstox?
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How to apply for Innovatus IPO from Zerodha?
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