Innovative Ideals and Services (India) Limited IPO (Innovative Ideals IPO) Detail

Innovative Ideals and Services (India) Limited IPO

Innovative Ideals and Services (India) Limited IPO (Innovative Ideals IPO) Detail

ABOUT THE COMPANY:

Innovative Ideals and Services (India) Limited  started its business as a proprietorship firm trading security equipment imported from Korea.Then on 06 Dec 2000, the firm converted into a company and gradually evolved from trading to security solution provider.

Innovative Ideals and Services (India) Limited provide various services such as Video Door Phone, Audio Door Phone, Access Control, Home intrusion systems, Intrusion Alarm Systems, CCTV, Fire Alarms and Telecom products. They target residential construction Industry in the B2B segment. To further strengthening B2B business company has also started giving FTTH Broadband Service in residential construction projects.

Innovative provides Video Door Phones under its own brand names, “Onyx” and “Inok” and Home automation solutions under the brand name of “eHomes. Strengthening its service to B2B segment, the company introduced Fibre to the Home (FTTH) solutions in the residential projects which is a single line connection for Voice, Direct To Home and Broadband internet services. This fibre allows multiple Internet Service Providers (ISPs) to use the single fibre cable to provide their services.

In order to reach B2C segment, it has developed two products, Savior and ArmHer, addressing the need of safety of the citizens in the country, primarily, children, women and senior citizens. Apart from this, the company has also launched basi feature mobile phones which are sold under own brand name, Inoyo. Innovative Ideals has entered into an agreement with Tata Sky Broadband and Tata Sky Limited for providing broadband and Direct to Home (DTH) services to the residents / subscribers in Amanora Park Town, Pune for the period of five years commencing from March 15, 2018 to March 14, 2023.

Innovative Ideals and Services (India) Limited has 2 warehouse facilities in Mumbai.

Between 2014-15 to 2017-18-

– Total revenue grew from 1245.07 to 2031.84.
– EBITDA grew from 103.70 to 487.70.
– PAT grew from 15.56 to 308.79

Innovative has 67 employees on its payroll.

Promoters of Innovative Ideals and Services (India) Limited IPO:

Promoters of Innovative Ideals and Services (India) Limited IPO Company are:

(i) Maqsood Shaikh, Promoter and Managing Director, aged 54 years is the Promoter and Managing Director of our Company. He has been associated with our Company since Incorporation and has been re-designated as Managing Director w.e.f September 22, 2017. He has completed his Diploma in Telecommunication Engineering from Board of Technical Examinations, Bangalore, Karnataka. He has been in the Electronic Security Industry since 1994.

(ii) Tazyeen Shaikh, Promoter and Whole Time Director, aged 51 years is the Promoter and Whole Time Director of our Company. She has been Whole Time Director of our Company since September 22, 2017. She holds a degree of Bachelor of Architecture from the University of Poona. She has also completed her Post Graduate Diploma in Project Management (PGDPM) from National Institute of Construction Management And Research. She is the key person involved in defining product selection designing and placement for all the major projects.

Financials of Innovative Ideals and Services (India) Limited IPO:

Innovative Ideals’  financial performance (in INR crore)
FY2014 FY2015 FY2016 FY2017 FY2018
Total revenue 12.8 12.4 12.2 10.7 20.3
Total expenses 12.1 12.2 12.2 9.3 16.0
Profit after tax 0.50 0.16 0.01 0.98 3.09

 

Objects of the Innovative Ideals and Services (India) Limited IPO:

The objects of the IPO are-

1. Funding the Working Capital requirements
2. General Corporate Purposes.

Innovative Ideals and Services (India) Limited IPO Details:

Details Info
Issue Opens on 24th September 2018
Issue Closes on:. 27th September 2018
Issue Price Rs.36 – 40
Face Value Rs.10
Minimum Lot 3000 Shares
Minimum Investment Rs.1,20,000
Issue Constitutes 26.94%
Issue Size Rs.12.26 cr
Market Cap Rs.45.52 cr
Listing at BSE SME
Equity Shares Offered (Fresh) 30,66,000
Equity Shares Prior to the Issue 83,14,169
Equity Shares after the issue 1,13,80,169

Check IPO Allotment Status:

Bigshare Services Pvt. Ltd  

Company Contact Information:

Innovative Ideals and Services (India) Limited
E- 202, 2nd floor, Skypark,
Near Oshiwara Garden, Off Ajit Glass Road
Oshiwara, Goregoan (W), Mumbai-400104
Phone: .: +91 022-6739 2121
Fax:
Email: investors@innovative.in
Website: http://www.innovative.in

Innovative Ideals IPO Registrar:

Bigshare Services Pvt. Ltd
Bigshare Services Pvt Ltd E-2 & 3,
Ansa Industrial Estate, Saki-Vihar Road,
Sakinaka, Andheri(E), Mumbai – 400 072

Phone: 91-22-40430200
Fax: 91-22-2847 5207
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Innovative Ideals IPO Lead Manager:

SEBI Registration No.: INM000012110

PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED
108, Madhava Premises CHS Ltd,
Bandra Kurla Complex,
Bandra East, Mumbai 400051

Website:  http://www.pantomathgroup.com
Email:  ipo@pantomathgroup.com
Phone: +91 22 2659 8687 / 91
Fax: +91 22 2659 8690

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