Innovatus Entertainment Networks Ltd - IPO

Innovatus Entertainment Networks Ltd IPO Details

Public issue of 15,48,000 equity shares of face value of Rs. 10.00 each of Innovatus Entertainment Networks Limited (The Company or The Issuer) for cash at a price of Rs. 50.00 per equity share (including a share premium of Rs. 40.00 per equity share) (Issue Price) aggregating to Rs. 7.74 crores (The Issue), of the issue, 78,000 equity shares aggregating to Rs. 0.39 crores will be reserved for subscription by market maker (Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. issue of 14,70,000 equity shares of face value of Rs. 10.00 each at an issue price of Rs. 50.00 per equity share aggregating to Rs. 7.35 crores is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 39.11% and 37.14%, respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10.00 each and the issue price of Rs. 50.00 is 5.00 times of the face value.

Objective of issue

Augmenting additional working capital requirements. Purchase of exhibition related material. General corporate purposes.

Innovatus Entertainment Networks Ltd Contact Details

Innovatus Entertainment Networks Ltd, 9 ShivShakti Indl Es, J R Boricha Marg, Lower Parel, Mumbai - 400 011

Phone - 91-22-23010771/23018261

Fax - 91-22-23012517

Email - cs@innovatus.info

Website - www.innovatus.info