Business Standard

Innovative Ideals and Services India Ltd - IPO

Issue Type

Book Building - SME

Issue Size (₹ Cr.)

12.26 cr

Price Range (₹)

40

Lot Size

3000

Min Investment (₹)

1,20,000.00

Listing Exchange

BSE - SME

Open Date

24-Sept-2018

Close Date

26-Sept-2018

Listing Date

05-Oct-2018

Latest IPO News

    The Shares of Innovative Ideals and Services India Ltd have now been listed.

    Innovative Ideals and Services India Ltd IPO Details

    Initial public offer consisting of fresh issue of 30.66,000 equity shares of face value of Rs.10/- lach fully Paid for cash at a price of Rs. 40 per equity share (the issue price) (including a share premium of Rs. 30 per equity share) aggregating to Rs.12.26 Crores (the issue), of which 1,56,000 equity' shares of face value of Rs.10/- each for cash at a price of Rs. 40/- per equity' share, aggregating Rs. 0.62 Crores well be reserved for subscription by the market maker to the issue (the market maker reservation portion). The issue less market maker reservation portion le. Issue of 29,10,000 equity' shares of face value of Rs.10 - each for cash at a price of Rs. 40/- per equity' share, aggregating Rs. 11.64 Crores is hereinafter refered to .as the not issue. The issue and the net issue will constitute 26.94% and 25.57% respectively' of the fully diluted post issue paid up equity' share capital of the company.The face value of Equity shares is Rs.10 each.The Issue price is Rs.40 and is 4 times the face value of the equity shares.

    Objective of issue

    Funding the Working Capital Requirements of the Company. Repayment/Pre-payment of Working Capital facilities availed from Bank of Maharashtra by the company. General Corporate Purposes.

    Innovative Ideals and Services India Ltd Contact Details

    Innovative Ideals and Services India Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

    Phone - 91-22-62638200

    Fax - 91-22-63638299

    Email - investors@innovative.in

    Website - www.innovative.in