Innovatus Entertainment Networks Limited is all set to embark on its exciting journey into the stock market through an upcoming Initial Public Offering (IPO). In this Fixed Price issue, the company will be offering equity shares to interested investors from July 25th to July 27th, 2023. Share is priced at ₹50 per share, and the minimum order quantity is 3000 shares.
With a face value of Rs. 10, the IPO will feature the sale of 1,548,000 shares, presenting a remarkable opportunity for Innovatus Entertainment Networks Limited. This offering has the potential to raise funds of up to ₹7.74 crore, paving the way for their future growth and expansion. Discover more about their initial public offering scheduled for July of 2023 here.
About Innovatus Entertainment Networks Limited
Established in 2012, Innovatus Entertainment Networks Limited is a one-stop destination for Direct Marketing solutions, catering to both B2B and B2C needs. The company offers a comprehensive range of services, including Event Management, Activations, and Exhibitions.
Their expertise covers various aspects such as Event Coordination, Pre and Post-event Publicity, Production, Printing, Distribution, Venue Research and Booking, Staffing, Celebrity Management, Transport, Accommodation, Catering, and more. From the most advanced technical support to School/College activations, Innovatus ensures seamless execution.
Additionally, they excel in Mall and Society promotions, Event Production, Exhibition Services, Design and Fabrication, Electrical Construction, Graphic Illustration, Lighting, Signage, Billboards, and Global Exhibit Management. Clients can also avail themselves of their Custom and System Rental Program.
Innovatus Entertainment Networks IPO Issue Details
| Issue Type | Fixed Price IPO Issue |
| Issue Opens | 25th July 2023 |
| Issue Closes | 27th July 2023 |
| Face Value | Rs 10 Per Share |
| Issue Price | Rs 50 Per Share |
| Issue Size | 1,548,000 shares (Rs 7.74 crores) |
| Minimum Order Quantity | 3000 Shares |
| Listing | BSE, SME |
Purpose of the Issue
The net proceeds from the issue will be utilized for the following purposes:
- Strengthening additional working capital requirements.
- Procuring Exhibition Related Material.
- General Corporate Purposes.
By allocating the funds strategically, the company aims to enhance its operations and pursue growth opportunities effectively.
Innovatus Entertainment Networks Limited — Company Contact Details
- Registered & Corporate Office: 407, Crescent Royale, Off New Link Road, Andheri West, Mumbai – 400053, Maharashtra, India
- Telephone: +91 22 4016 5928
- Website: http://www.innovatus.info/
Innovatus Entertainment Networks IPO – Lead Managers of the Issue
Inventure Merchant Banker Services Pvt Ltd
- Office Address: 2nd Floor, Viraj Tower, Western Express Highway, Andheri (East) Mumbai – 400 069
- Telephone: +91 22 4075 1515
- Email: bronze.smeipo@inventuremerchantbanker.com
Innovatus Entertainment Networks IPO – Registrar of the Issue
Purva Sharegistry India Pvt Ltd
- Telephone: +91-022-23018261/ 23016761
- Email: support@purvashare.com
- Website: https://www.purvashare.com/queries/
Innovatus Entertainment Networks Limited IPO Issue Prospectus
Click here to read the Final Prospectus of this IPO Issue.
Disclaimer: Investingly just provides basic information as update about the issues. Investingly never gives advices or recommendations to anyone. Investments into securities are subject to market risk. Please read the offer and issue documents carefully before investing. It is also advised to consult your financial advisor for necessary suggestions.
