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PRAVIN RATILAL SHARE
AND STOCK BROKERS LTD
Member :    NSE   |   BSE   |   DP : NSDL
IPO Synopsis
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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.
Website :  www.innovative.in
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.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
24-Sep-18
26-Sep-18
40.00-0.00
0.00-0.00
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 Company
Repayment/Pre-payment of Working Capital facilities availed from Bank of Maharashtra by the company
General Corporate Purposes
Promoted By
Maqsood Shaikh
Tazyeen Shaikh
Iram Shaikh
Listing At
BSE - SME
Registrar to the Issue
Bigshare Services Pvt Ltd
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