About the Company:
Innovana Thinklabs Limited is engaged in software and application development business which directly provide services to retail user. The operation of company are controlled from their registered office situated at Jaipur, Rajasthan.
They basically design, develop and maintain software systems and solutions, create new applications and enhance the functionality of our customers’ existing software products.
Company’s product portfolio consists of application and software such as Ad-blocker, disk cleanup, space reviver, file opener and privacy protector etc.
They have developed number of products and these products have registered their presence and popularity in 13 different languages and over 126 countries.
Company was originally incorporated as “PCVARK Software Private Limited” but was changed to “PCVARK Software Limited” on June 27, 2017.
Company delivers services across all stages of the product life-cycle, which enables us to work with a wide-range of customers and allows us to develop, enhance and deploy our customers’ software products.
Company’s services range from software and application development such as ad-blocker, Mac Space Reviver, Mac File Opener, Disk Cleanup Pro, Duplicates Cleaner, File Helper, Memory Optimizer Pro, Compress Photos, Resize Photos and Duplicate Photos Cleaner etc, compatible for Computers, laptops and mobiles.
Company’s Products & Services are as follows:
Software and application for Windows:
Ad-Blocker – Ad-Blocker blocks all types of ads on web browser (including ads on websites such as Facebook and YouTube) by default. It blocks all ads such as pop-ups, pop-under, flashy banners and other types of ads which create problems while working on computers.
Software and application for Mac:
Mac Space Reviver – The application is Quick, Easy & most efficient way to clean all duplicate files on Mac. In this application we can Scan Mac and external drives
for duplicates to recover gigabytes of precious drive space.
Mac File Opener – Mac File Opener is a tool which allows to open any type of file on Mac machine. There are various file extensions on system that can’t be opened with any of the installed apps.
Disk Cleanup Pro – Disk Cleanup Pro is one of the best & the most comprehensive Mac Maintenance & Cleanup utilities which is available on the Mac App Store.
eSecure – eSecure helps to keep your privacy and protect Mac by removing navigation history, cookies, searches, downloads or other sensitive information and privacy
threads from all your browsers.
Privacy Protector – Privacy Protector is designed to give the best of internet experience. It includes highest industry encryption standards to ensure that data removal is thorough, yet safe and secure which cleans your browsers and make the faster.
Software and application for IOS:
Compress Photos – Compress Photos is application having ultimate power to compress videos & photos so that user can recover the wasted storage space.
Resize Photos – Resize Photos application lets reduce the frame size of the photos to perfectly fit them into another frame without affecting the quality and helps to recover a significant amount of space.
Software and application for Android:
Free Cleaner for Android – The Free Cleaner for Android is very helpful and aids the user to be more productive as it is loaded with a great variety of features that are also easy to use.
FreeUpspace – Being an all-in-one space saving suite for Android devices, FreeUpSpace lets recover loads of storage space on internal as well as external storage.
Management Team:
- Mr. Chandan Garg (Designation: Chairman and Managing Director)
- Mr. Kapil Garg (Designation: Whole Time Director)
- Mrs. Swaran Kanta (Designation: Non-Executive Director)
Promoters Average Acquisition Cost:
| Name of the Promoter | No. of Shares held | Average Acquisition Cost (in Rs.) |
|---|---|---|
| Chandan Garg | 29,20,000 | 5.92 |
| Kapil Garg | 79,600 | 1.25 |
Promoters Stake Pre & Post Issue:
| Shareholder Name | Pre Issue Stake (%) | Post Issue Stake (%) |
|---|---|---|
| Promoter | ||
| Chandan Garg | 97.33 | 71.22 |
| Kapil Garg | 2.65 | 1.94 |
| Promoter Group Entities | 0.02 | Negligible |
| Total | 100% | 73.17% |
Objectives of the Issue:
- To Meet Working Capital Requirement.
- To meet Capital Expenditure.
- General Corporate Purpose.
- To Meet the Issue Expenses.
Financials of the Company:
| (in Crores) | FY 16 | FY 17 | 30th June 17 |
|---|---|---|---|
| Revenue | 6.63 | 15.77 | 5.39 |
| Net Profit | 0.59 | 0.97 | 0.28 |
Valuation of Peer Group Companies:
| Company Name | Face Value | EPS | PE Ratio | RoNW(%) | NAV |
|---|---|---|---|---|---|
| Innovana Thinklabs Ltd | 10 | 6.07 | 11.52 | 55.17 | 88.09 |
| Cybertech Systems & Software Ltd | 10 | 3.70 | 17.20 | 3.60 | 30.90 |
| Infobeams Technologies Ltd | 10 | 5.30 | 12.50 | 39.00 | 37.60 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 29th November 2017 |
| Issue Closes on:. | 4th November 2017 |
| Issue Price | Rs.70 |
| Face Value | Rs.10 |
| Minimum Lot | 2000 |
| Minimum Investment | Rs.1,40,000 |
| Issue Constitutes | 26.83% |
| Issue Size | Rs.7.7 cr |
| Market Cap | Rs.28.70 cr |
| Listing at | NSE SME |
| Total Equity Shares Offered (Fresh) | 11,00,000 |
| Equity Shares Prior | 30,00,000 |
| Equity Shares after the issue | 41,00,000 |
IPO Valuation parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 6.07 | 11.53 | 55.17% | 88.08 |
Markets Guruji Opinion:
| IPO View | Apply For: | Expected listing Gain: |
|---|---|---|
| Subscribe | Long Term | 20% |
| Company Contact Info: |
|---|
| Innovana Thinklabs Limited (Formerly known as PCVARK Software Limited) Plot No. 237A, Gopal Tower, (Basement Floor), Ajmer Road, Jaipur- 302006, Rajasthan, India Tel. No. +91-141-2362324 E-mail: info@pcvark.com Website: www.pcvark.com |
| Lead Manager to the Issue: |
|---|
| SWASTIKA INVESTMART LIMITED 305, Madhuban Building, Cochin Street, S.B.S. Road, Fort, Mumbai, Maharashtra – 400 001. Tel No.:+91–22–2265 5565 Fax No.:+91–22–664 4300 Email: merchantbanking@swastika.co.in Investor Grievance Email: investorgreivance@swastika.co.in Website: www.swastika.co.in |
| Registrar to the Issue: |
|---|
| SKYLINE FINANCIAL SERVICES PRIVATE LIMITED D-153A, 1st Floor, Okhla Industrial Area Phase-I, New Delhi – 110020 Tel No.:+91 11 64732681-88 Fax No.:+91 11 26812682 Email: virenr@skylinerta.com; Investor Grievance Email: greivance@skylinerta.com Website: www.skylinerta.com |
