May 11, 2023
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Innokaiz India IPO Particulars & Guidance at Chanakyanipothi.com, the Oldest & the most Trusted Investment Website in India for coming up IPOs. Operational since 8th December 1999, this is the Only Investment Platform in India, which has successfully completed 23 Years.
Innokaiz India IPO Listing:
The company with strong business had received bumper oversubscription and the scrip listed at Rs. 148, providing return of 90% over issue price of Rs. 78. Such listing has given boost to SME Investment sentiment.
Innokaiz India IPO Review:
Tamilnadu based company has strong business and impressive profitability. The IPO size is somewhat large and the pricing is very reasonable. From fundamental angle, one may subscribe to the IPO, however in absence of grey market activity, the listing gains may not be good.
What is the GMP of Innokaiz India IPO?
Rs. 38 prior to listing
What is the Subscription Status of Innokaiz India IPO?
On 3 May 2023 @ 5.00 (Closed)
QIB: 515200 Shares 23.93T
NII: 523200 Shares 224.93T
RII: 902400 Shares 46.08T
Total: 1940800 Shares 88.41T
Innokaiz India IPO Particulars & Guidance:
About the business
Innokaiz India is a corporate services and solutions provider Company. It has emerged as are a one stop solution provider for various corporate needs. It offers a comprehensive range of services covering Advertising and Marketing Solutions including Digital Marketing, Corporate Travel Arrangements, Gifting Solutions, Event Management etc. Recently, it has also ventured into new business vertical i.e., E-Commerce Business. Its team of experienced and dedicated professionals provide services and solutions that are at the forefront of industry best practice. It thrives to provide the highest level of services on every assignment and to provide best-in-class and cost-effective services and solutions to its clients.
The Company is promoted by Mr. Sukumar Balakrishnan, who is the guiding force behind all the strategic decisions of the Company and has been an anchor to the company since incorporation.
Get more information about the company @ www.innokaizindia.com
| Innokaiz India IPO Details | |
| IPO opens on Tentative | 28 April 2023 |
| IPO closes on | 3 May 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 2713600 Sh /Rs 20.62 Cr |
| * Fresh Issue | 2713600 Sh /Rs 20.62 Cr |
| * Offer for Sale | – Sh /Rs – Cr |
| Face Value per share: | Rs. 10 |
| Price Band | Rs.76-78 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1600 Shares |
| Listing will at | BSE Sme |
| Shares offered to | ||
| Shares | Rs. (Cr) | |
| QIB | 1288800 | 10.02 |
| NII | 386640 | 3.01 |
| RII | 902160 | 7.04 |
| Total Shares | 2577600 | 20.11 |
| Retail portion will be oversubscribed by | 564 | |
| Forms | ||
| How much Shares to apply in Innokaiz India IPO? | ||
| Min Retail Application | 1600 Sh | Rs. 124800 |
| Min HNI Application | 3200 Sh | Rs. 124800 |
Who are the Promoters of Innokaiz India IPO?
Mr. Balakrishnan Sukumarbalakrishnan
What are the Objects of Innokaiz India IPO?
The Company proposes to utilize the Net Proceeds from the Issue for working capital requirements.
| IPO Tentative timetable | |
| IPO opens on | 28 April 2023 |
| IPO Closes on | 3 May 2023 |
| IPO Allotment on | 8 May 2023 |
| Unblocking of ASBA | 9 May 2023 |
| Credit of Shares | 10 May 2023 |
| Listing on | 11 May 2023 |
| Registered Office of the Company |
| Door No. 43, Old No. 22, Real Enclave, Flat No. 1, 4th Floor, Josier Street, Nungambakkam, Chennai- 600034, Tamil Nadu, India |
| Who are the Lead Managers of Innokaiz India IPO? |
| GRETEX CORPORATE SERVICESLTD. |
| Who is the Registrar to IPO? |
| Big Share Services Pvt Ltd |
| IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2019-20 | 138.72 | 3.62 | 4.81 | 66.71 |
| 2020-21 | 185.06 | 5.09 | 6.78 | 48.44 |
| 2021-22 | 286.09 | 7.92 | 10.54 | 42.96 |
| Book Value of the Share on | 30.09.2022 | Rs.31.49 | ||
| Book Value of the Share | after the IPO | Rs.- | ||
| Offer Price | Rs. 78 | |||
| Innokaiz India IPO Key Performance indicators |
|
| Upper Price/last EPS | 7.40 |
| Upper price/BV Ratio | 2.47 |
| Upper price/BV after IPO | – |
–
IPO Particulars & Guidance
Peer Comparison:
| As on date of DRHP | FV | Income | PE |
| Rs. | in Cr | Ratio of | |
| The IPO Company | 10 | 285.93 | 7.40 |
| DAPS Advertising | 10 | 18.68 | 11.46 |
| brand bucket Media | 10 | 17.27 | 5.12 |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
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