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21, November 2019 07:19 PM
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Innovative Ideals and Services India Ltd
Registered Office: E-202 2ndFlr Nr OshiwaraGarden,Off Ajit Glass Road Goregaon(W , Mumbai - 400104 , Maharashtra , India.
Phone : 91-22-6739 2121/2678 1173   Fax:
Email :  investors@innovative.in  
Website :  www.innovative.in
Initial public offer consisting of fresh issue of 30.66,000 equity shares of face value of Rs10/- lach fully Paid for cash at a price of Rs40 per equity share (the "issue price") (including a share premium of Rs30 per equity share) aggregating to Rs12.26 Crores (the "issue"), of which 1,56,000 equity' shares of face value of Rs10/- each for cash at a price of Rs40/- per equity' share, aggregating Rs0.62 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 Rs10 - each for cash at a price of Rs40/- per equity' share, aggregating Rs11.64 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 Rs10 each. The Issue price is Rs40 and is 4 times the face value of the equity shares.

Issue Money Payable On
Opens On Closes On Application Allotment
24-Sep-18 26-Sep-18 Rs40.00-0.00 Rs0.00-0.00
Minimum Application for shares in Nos :3000  Further Multiples of :3000

  Rs Cr Lead Managers to the Issue
Project Cost 0.00
Pantomath Capital Advisors Pvt Ltd
Project Financed through Current Offer 12.26  
Post Issue Equity Share Capital 11.38  
Issue Price 40.00  
 
Projects
Funding the Working Capital Requirements of the CompanyGeneral Corporate Purposes
Repayment/Pre-payment of Working Capital facilities availed from Bank of Maharashtra by the company
Promoted By
Maqsood Shaikh 
Tazyeen Shaikh 
Iram Shaikh 
Listing At
BSE - SME 
Registrar to the Issue
Bigshare Services Pvt Ltd  
 
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