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Innovatus Entertainment Networks IPO

Small CapMedia and EntertainmentSME
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IPO Details

Bidding Dates

25 Jul '23 - 27 Jul '23

Minimum Investment

₹150,000 / 1 Lots (3000 Shares)

Price Range

₹50

Maximum Investment

₹150,000 / 1 Lots (3000 Shares)

Retail Discount

Not Applicable

Issue Size

₹7.74 Cr

Investor category and sub category

Qualified Institutional Buyers  |  Non-Institutional Investors  |  Retail Individual Investors

IPO Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Jul 25, 23

IPO Closing Date

Jul 27, 23

Basis of Allotment

Aug 1, 23

Initiation of Refunds

Aug 2, 23

Credit of Shares to Demat

Aug 3, 23

IPO Listing Date

Aug 4, 23

Cut-off time for UPI mandate confirmation

Jul 27, 23

Innovatus Entertainment Networks IPO Subscription Details

DateNIIRetailTotal

Day 1Jul 25 2023

2.6211.557.61

Day 2Jul 26 2023

15.6650.4834.63

About Innovatus Entertainment Networks Ltd.

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

Particulars Period ending on September 30, 2022Year ending on March 31, 2022
Revenue from Operations683.64787.90
Profit After Tax (PAT)29.90 30.19
PAT Margin4.37% 3.83%
EBITDA 50.21 63.04
EBITDA Margin7.34% 8.00%
EPS1.49 1.50
ROE11.28% 12.84%

Know before investing

Strengths

2
  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

2
  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.

  • How to Apply in IPO
  • How to Check IPO Allotment Status
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Login to Angel One App / Website & click on IPO

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Select desired IPO & tap on "Apply"

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Enter UPI ID, set quantity/price & submit

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Accept mandate on the UPI app to complete the process

Innovatus Entertainment Networks IPO FAQs

 The total issue size of the Innovatus Entertainment Networks Ltd IPO is 774.00 lakh, comprising fresh equity shares. The IPO share price is fixed at 50 per share.
The Basis of Allotment will happen on Tuesday, August 1, 2023.
The IPO subscription window will open on Tuesday, July 25, 2023.
Retail investors can apply for a minimum of one lot, which consists of 3,000 shares.
Innovatus Entertainment Networks Ltd IPO will list on the BSE exchange on Friday, August 4, 2023.
Steps to check IPO allotment status on Angel One’s app:
  • Log in to the Angel One app
  • Validate with an OTP
  • Enter your application number, DP ID, and PAN number into the app
  • Click on ‘Submit'
 Listing gains cannot be ascertained before the listing of the IPO on the stock exchange, which is Friday, August 4, 2023, for Innovatus Entertainment Networks Ltd. 
Under the new system, the bank will block the amount initially in your account. The money will be debited when the shares are allotted, or the bank will unblock the amount after the UPI mandate expiry date.  
Login to your UPI handle to approve the payment mandate and complete the IPO application process.
You can submit only one application using one PAN card.
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