Business Standard

Innovana Thinklabs Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

7.70 cr

Price Range (₹)

70

Lot Size

2000

Min Investment (₹)

1,40,000.00

Listing Exchange

NSE - SME

Open Date

29-Nov-2017

Close Date

04-Dec-2017

Listing Date

12-Dec-2017

Innovana Thinklabs Ltd News

    The Shares of Innovana Thinklabs Ltd have now been listed.

    Innovana Thinklabs Ltd IPO Details

    Initial public offer of 11,00,000 equity shares of face value of Rs. 10 each (equity shares) of Innovana Thinklabs Limited (The Company or Issuer) for cash at a price of Rs. 70.00 per equity share (including a share premium of Rs. 60.00 per equity share) (issue price) aggregating to Rs. 7.70 crores (issue) of which 60,000 equity shares of face value of Rs.10.00 each for a cash price of Rs. 70.00 per equity share, aggregating to Rs. 0.42 crores will be reserved for subscription by market maker (market maker reservation portion). The issue less the market maker reservation portion i.e. Issue of 10,40,000 equity shares of face value of Rs. 10.00 each at an issue price of Rs. 70.00 per equity share aggregating to Rs. 7.28 crores (the net issue). The issue and the net issue will constitute 26.83% and 25.37%, respectively of the post issue paid up equity share capital of the company.The Face value of the equity shares is Rs. 10 each and the issue price is Rs. 70.00. The Issue price is 7.00 times of the face value.

    Objective of issue

    To meet working capital requirement. Capital expenditure. General corporate expenses.

    Innovana Thinklabs Ltd Contact Details

    Innovana Thinklabs Ltd, D-153/A 1st Flr, Okhla Industrial Are, Phase-I, New Delhi-110020

    Phone - 91-11-26812682

    Fax - 91-11-30857562

    Email - info@pcvark.com

    Website - www.innovanathinklabs.com