Innokaiz India was incorporated on January 11, 2013. The company is a provider of corporate services and solutions. Its services include advertising and marketing solutions, such as digital marketing, as well as corporate travel arrangements, gifting solutions and event management.
| Bidding Dates |
|---|
| 28 Apr 2023 - 03 May 2023 |
| Subscription |
|---|
| 88.43x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,24,800 | 1 | 1 | 1600 | 2.7 M | ₹76 - ₹78 | 73.46 % | ₹206.2 M - ₹211.7 M | RHP DOC |
Innokaiz IPO SUBSCRIPTION STATUS
03 May '23Innokaiz IPO overall subscription rate was 88.43 times the total available shares
Innokaiz IPO retail subscription rate was 46.1 times in the retail segment
Innokaiz IPO non-institutional investor subscription rate was 224.93 times in the non-institutional investor category
Innokaiz IPO Qualified Institutional Bidder subscription rate was 23.93 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
03 May 2023 (Day 3) | 46.1x | 224.93x | 23.93x |
02 May 2023 (Day 2) | 4.63x | 4.54x | 1.1x |
28 Apr 2023 (Day 1) | 0.28x | 0.03x | 0x |
Innokaiz FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| 8MFY23 | 61.0 | 1,486.4 | -49.3 | -49.3 |
| FY22 | 79.2 | 2,859.3 | 25.9 | 22.9 |
| FY21 | 50.9 | 1,849.5 | 9.3 | 6.0 |
| FY20 | 36.2 | 1,387.0 | 67.9 | 67.9 |
Innokaiz IPO SUBSCRIPTION STATUS DETAILS
Innokaiz had 2.7 M shares on offer
Innokaiz IPO offer price was in the range ₹76 - ₹78
Innokaiz IPO minimum Investment was ₹124800
Innokaiz IPO issue size was ₹ 206.2 M - ₹ 211.7 M
Innokaiz had a minimum lot size of 1600 Shares per application
Innokaiz NUMBER OF SHARES ON OFFER
Innokaiz IPO IMPORTANT DATES
| Issue Open Date | 28 Apr 2023 |
| Issue close Date | 03 May 2023 |
| Allotment Date | 08 May 2023 |
| Refund Date | 09 May 2023 |
| Demat Account Credit Date | 10 May 2023 |
| Listing Date | 11 May 2023 |
| Listing on Exchange(s) | BSE |
| Innokaiz Allotment Status | Exchange |
Innokaiz IPO subscription opened on 28 Apr 2023, and closed on 03 May 2023
IPO allotment for Innokaiz was finalized on Monday, 08 May 2023
IPO listing for Innokaiz was on BSE on Thursday, 11 May 2023
Innokaiz IPO LISTING GAINS
| Issue Price (adjusted) | 78.0 |
| Listing Open Price | 148.2 |
| Listing Close Price | 155.6 |
| Listing Gain% | 90.0% |
| Current Gain% | -84.2% |
Innokaiz Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Innokaiz India Ltd. | 12.4 | 12.6 | -3.1 | 0 | 1.3 | -9.2 | -4.7 | 9.8 | -87.5 | -4.1 | -293.8 | -4 | -293.8 |
| Media Matrix Worldwide Ltd. | 14.9 | 1691.2 | 288.8 | 4.3 | 1.3 | 8.7 | 2.4 | 1261.5 | -33.3 | 5.9 | 67.4 | 0.1 | 67.4 |
| Signpost India Ltd. | 267.6 | 1430.1 | 19.4 | 0.2 | 2.4 | 24.4 | 10.2 | 580.9 | 26.7 | 70.1 | 107.3 | 13.8 | 94.1 |
| Bright Outdoor Media Ltd. | 360 | 785.6 | 32.7 | 13 | 10.9 | 155.4 | 21.4 | 24 | 26.1 | 11 | |||
| Praveg Ltd. | 276.6 | 722.9 | -62.7 | 0.4 | 3 | -2.6 | -1.6 | 242.4 | 39 | -11.5 | -175.2 | -4.4 | -171.9 |
| R K Swamy Ltd. | 103.3 | 521.6 | 23.6 | 1.3 | 1.5 | 8.4 | 5.2 | 351.7 | 14.9 | 22.1 | 18.5 | 4.4 | 18.5 |
Innokaiz INFORMATION ON IPO ISSUE
About Innokaiz
Innokaiz India was incorporated on January 11, 2013. The company is a provider of corporate services and solutions. Its services include advertising and marketing solutions, such as digital marketing, as well as corporate travel arrangements, gifting solutions and event management.
Object of the Issue
- Working capital requirements
- General corporate purposes
Innokaiz - PROMOTERS
| Name |
|---|
| Balakrishnan Sukumarbalakrishnan |
Innokaiz Lead Manager of the Issue
Gretex Corporate Services Limited
info@gretexgroup.com
Innokaiz Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Innokaiz Strengths
Experience and track record
Over the last decade, the company has successfully completed numerous large projects for banks, insurance companies, asset management firms, and other organizations across the country. Its services have been widely utilized throughout India
Comprehensive marketing services
The company provides end-to-end services to meet the diverse corporate needs of its clients. Its experienced team works closely with customers to ensure timely and high-quality delivery. It offers comprehensive services and collaborates with clients to ensure that their expectations are met
Innokaiz Risks
Search conducted by officials
On November 30, 2022, the Income Tax Authorities and the Directorate General of GST Intelligence conducted a search at the offices of the company
Geographically concentrated
The company operates solely in Tamil Nadu, making it vulnerable to any disruptions or shutdowns at its facilities in the region. Such incidents could have an adverse impact on the business and its overall operational performance
IPO FAQs
The promoter of the company is Balakrishnan Sukumarbalakrishnan.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 76.0 - 78.0.
The IPO application opens on Apr 28, 2023 and closes on May 03, 2023.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 124,800.0, the maximum value for this IPO is Rs 124,800.0.
This IPO will be allotted on May 08, 2023.
The refund will be credited to your account on May 09, 2023.
The allotted shares will be credited to your demat on May 10, 2023.
Innokaiz India Ltd.’s shares listed on the stock exchanges on May 11, 2023.