Business Standard

Innovatus Entertainment Networks Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

7.74 cr

Price Range (₹)

50

Lot Size

3000

Min Investment (₹)

1,50,000.00

Listing Exchange

BSE - SME

Open Date

25-Jul-2023

Close Date

27-Jul-2023

Listing Date

04-Aug-2023

Innovatus Entertainment Networks Ltd News

    The Shares of Innovatus Entertainment Networks Ltd have now been listed.

    Innovatus Entertainment Networks Ltd IPO Details

    Public issue of 15,48,000 equity shares of face value of Rs. 10.00 each of Innovatus Entertainment Networks Limited (The Company or The Issuer) for cash at a price of Rs. 50.00 per equity share (including a share premium of Rs. 40.00 per equity share) (Issue Price) aggregating to Rs. 7.74 crores (The Issue), of the issue, 78,000 equity shares aggregating to Rs. 0.39 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 14,70,000 equity shares of face value of Rs. 10.00 each at an issue price of Rs. 50.00 per equity share aggregating to Rs. 7.35 crores is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 39.11% and 37.14%, respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10.00 each and the issue price of Rs. 50.00 is 5.00 times of the face value.

    Objective of issue

    Augmenting additional working capital requirements. Purchase of exhibition related material. General corporate purposes.

    Innovatus Entertainment Networks Ltd Contact Details

    Innovatus Entertainment Networks Ltd, 9 ShivShakti Indl Es, J R Boricha Marg, Lower Parel, Mumbai - 400 011

    Phone - 91-22-23010771/23018261

    Fax - 91-22-23012517

    Email - cs@innovatus.info

    Website - www.innovatus.info