Innovators Facade Systems Ltd IPO Biding Information

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Innovators Facade Systems Ltd

Innovators Facade Systems Limited was established 1999, Maharastra based Innovators Façade Systems Limited is a company engaged in designing, engineering, fabrication, and installation of façade systems. The company offers total solutions to its customers with respect to their requirement of façade installation in complex projects.

It specializes in technically demanding facades. With an operating history of more than eighteen years, the company has developed a brand image in the façade industry.

The manufacturing facility of Innovators is situated at Wada, Maharashtra and is spread over 1,25,000 square feet. The product basket ranges from glazing /curtain walls, high-end doors & windows, skylights, canopies, frameless glazing, MS structures, stone cladding, metal cladding, roofing, & others. The registered office of the Company is situated at Mumbai and it has 7 branch offices across India.

Innovators Facade Systems Ltd IPO Brief
Issue Opens 14 May 18 Price Band : 71 - ₹72
Issue Closes 17 May 18 Bid Lot 1600 Shares
Listing At NSE, BSE

Number of Times Issue is Subscribed (BSE + NSE)

Category No.of Shares Offered/reserved at No.of shares bid for No.of Times Subscribed
Qualified Institutional Buyers(QIBs)* 10,75,200 130,68,800 12.15
Non Institutional Investors 8,06,400 757,12,000 93.89
Retail Individual Investors(RIIs) 18,81,600 380,44,800 20.22
Total

Total No.of Application Approx : ~ 23995

Retail Subscription on the basis of Apps : 20.40 x

Issue Terms

Issue price / Floor Price (Rs) 71-72
Application per share (Rs) 72
Minimum bid (no of shares) 1600
Maximum Shares for Retail 1600

Issue Date and Sizes

Issue opens 14 May 18
Issue closes 17 May 18
Listing on 14 May 18
Issue size (Rs cr) 40.75

FAQs

  • When is Innovators Facade Systems Ltd IPO coming?

    The Innovators Facade Systems Ltd IPO opens on 14 May 18 and closes on 17 May 18.

  • What is Innovators Facade Systems Ltd IPO timetable?

    Innovators Facade Systems Ltd IPO tentative timelines are as below.

    • Public Issue Open: 14 May 2018
    • Public Issue Close: 17 May 2018
  • What is Innovators Facade Systems Ltd IPO closing time?

    Innovators Facade Systems Ltd IPO will close for subscription at May 17, 2018 12:00:00 AM.

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