Innovative Ideals and Services India Ltd
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investors@innovative.in Website:www.innovative.in
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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.
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Innovative Ideals and Services India Ltd
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Rs Cr |
Lead Managers to the Issue |
0.00 |
Pantomath Capital Advisors Pvt Ltd |
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12.26 |
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11.38 |
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Rs.
40.00
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Projects |
Funding the Working Capital Requirements of the Company
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Repayment/Pre-payment of Working Capital facilities availed from Bank of Maharashtra by the company
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General Corporate Purposes
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Maqsood Shaikh |
Tazyeen Shaikh |
Iram Shaikh |
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Bigshare Services Pvt Ltd |
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