About the Company:
Innovative Ideals and Services Ltd provides Video Door Phones under its own brand names, namely, “Onyx” and “Inok”. Further, home automation solutions are provided under the brand name of “eHomes”.
They had started the business as a proprietorship concern for trading of varieties of security equipment by importing those from Korea.Over the years they have gradually evolved from a trading company to a security solution provider.
They are providing services of System Integration for security, safety and building automation and installation of various electronics systems.
Company provides a wide range of services with respect to security and electronic systems, such as, Video Door Phone, Audio Door Phone, Access Controls, Home Automation Systems, Intrusion Alarm System, CCTV Systems, Fire Alarm Systems and Telecom Products.
Company’s Products:
- Video Door Phone.
- Home Automation Systems.
- Intrusion Alarm System.
- CCTV Systems.
- Fire Alarm Systems.
- Fibre to the Home (FTTH)
Company’s Business Segment:
Company targets the requirements of residential construction industry in B2B segment.
Company provides Video Door Phones under its own brand names, namely, “Onyx” and “Inok”. Further, home automation solutions are provided under the brand name of “eHomes”.
Company introduced Fibre to the Home (FTTH) solutions in the residential projects which is a single line connection for Voice, Direct To Home and Broadband internet services. This fibre allows multiple Internet Service Providers (ISPs) to use the single fibre cable to provide their services.
Company has been known for catering to B2B segment, however, further to expand their product portfolio to reach B2C segment with a view of catering to a mass market, they have developed 2 innovative products, “Savior” and “ArmHer”, addressing the need of safety of the citizens in the country, primarily, children, women and senior
citizens.
They are authorised distributor of FERMAX Electronica S.A.U. for their products FERMAX Audio/Video Door Entry System in the territory of India and hold valid certificate of distributorship until February 04, 2019.
Apart from this, Company has also launched basic feature mobile phones which are sold under their brand name, “Inoyo”.
Agreement with Tata Sky:
They have entered an agreement with Tata Sky Broadband Private Limited for provision of broadband services including installation, operation, security, maintenance and provision of access infrastructure to the residents / subscribers in the service Area i.e. Amanora Park Town, Pune for the period of five years commencing from March
15, 2018 to March 14, 2023.
Company has also entered an agreement with Tata Sky Limited for provision of Direct to Home (DTH) services as an authorised distributor of Tata Sky to the residents / subscribers in the service Area i.e. Amanora Park Town, Pune for the period of five years commencing from March 15, 2018 to March 14, 2023.
Management Team:
- Mr. Maqsood Shaikh (Designation: Managing Director)
- Mrs.Tazyeen Shaikh (Designation: Whole Time Director)
- Mr. Dabir Shaikh (Designation: Chairman and Whole TimeDirector )
Objectives of the Issue:
- Funding the Working Capital Requirements of the Company.
- General Corporate Purposes.
Peer Group Comparison:
Company is engaged in the business of Electronic Products and Security Systems and currently there are no listed peers engaged in this particular business segment and therefore, a strict comparison of Innovative Ideals and Services Ltd with any listed company is not possible.
Financials of the Company:
| (in Crores) | FY 14 | FY 15 | FY 16 | FY 17 | FY 18 |
|---|---|---|---|---|---|
| Revenue | 12.81 | 12.45 | 12.17 | 10.74 | 20.31 |
| Net Profit | 0.50 | 0.15 | 0.01 | 0.96 | 3.08 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 24th September 2018 |
| Issue Closes on:. | 27th September 2018 |
| Issue Price | Rs.36 – 40 |
| Face Value | Rs.10 |
| Minimum Lot | 3000 Shares |
| Minimum Investment | Rs.1,20,000 |
| Issue Constitutes | 26.94% |
| Issue Size | Rs.12.26 cr |
| Market Cap | Rs.45.52 cr |
| Listing at | BSE SME |
| Equity Shares Offered (Fresh) | 30,66,000 |
| Equity Shares Prior to the Issue | 83,14,169 |
| Equity Shares after the issue | 1,13,80,169 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 4.66 | 8.58 | 23.10% | 16.08 |
| Check IPO Allotment Status: |
|---|
Bigshare Website (Click on the below Link)http://www.bigshareonline.com/bssipoapplicationstatus.aspx |
Knowledge Corner: (Click on the Link)
| Company Contact Info: |
|---|
| Innovative Ideals and Services (India) Limited E- 202, 2nd floor, Skypark, Near Oshiwara Garden, Off Ajit Glass Road, Oshiwara, Goregoan (W), Mumbai-400104, Maharashtra, India. Tel: +91 022-6739 2121/2678 1173 Email: investors@innovative.in Website: www.innovative.in |
| IPO Registrar Info: |
|---|
| BIGSHARE SERVICES PRIVATE LIMITED 1st Floor, Bharat Tin Works Building, Opp.Vasant Oasis, Makwana Road, Marol, Andheri (East), Mumbai – 400059, Maharashtra, India. Tel: +91 22 62638200 Fax: +91 22 62638299 Email: ipo@bigshareonline.com Website: www.bigshareonline.com |
| Lead Manager to the Issue: |
|---|
| PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED 406-408, Keshava Premises, Behind Family Court, Bandra Kurla Complex, Bandra (East) Mumbai- 400051, Maharashtra, India Tel: +91-22 6194 6700 Fax: +91-22 2659 8690 Email: ipo@pantomathgroup.com Website: www.pantomathgroup.com |
