Innovatus Entertainment Networks IPO

Innovatus is a technology company that offers all types of marketing solutions, starting from marketing, CRM, B2B, B2C, Activations and Exhibitions. The company is a creative platform. It creates creative concepts, development, and execution on the field. The services include complete solutions for event management, promotions, exhibitions, etc. 

Innovatus Entertainment Networks Ltd IPO Details

Innovatus Entertainment Networks Ltd is a 100% fresh IPO worth ₹774.00 lakh. The issue comprises 15,48,000 shares and is priced at ₹50 per share. Retail investors can bid for the Innovatus Entertainment Networks IPO, which will open on July 25, 2023. Innovatus Entertainment Networks' IPO will list on the BSE exchange on August 4, 2023.

Innovatus Entertainment Networks Ltd IPO Objective

The net proceeds from the IPO will be utilised for the following. 

• Augmentation of the working capital
• Procurement of exhibition-related material
• General corporate purposes 

Noteworthy Highlights of Innovatus Entertainment Networks

• Innovatus Entertainment Networks has a client base of LG, Muthoot Fin Corp, The Times of India, American Express, etc. 
• They offer event management, activations and exhibitions solutions to all kinds of clients irrespective of their field. 

IPO Financials

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Strengths

1. Currently, there are no listed competitors for the company.

2. The company offers a 360-degree solution to their clients, i.e., from concept development to creatives and ultimately aims for flawless execution on-ground.

Risks

1. There are outstanding tax-related legal proceedings against the company.

2. The revenue of the company is hugely dependent on the marketing budget of companies/exhibitors. And the company doesn’t hold any long-term contract with any client.