About the Company:
Innovators Façade Systems Ltd (Incorporated in 1999) is engaged in designing, engineering, fabrication and installation of façade systems.
Company offers total solutions to customers with respect to their requirement of façade installation in complex projects.
Company specialises in technically demanding facades and offers various range of products. Company has an operating history of more than eighteen years, & have developed a brand image in the façade industry.
Company’s product basket ranges from glazing /curtain walls , high end doors & windows , skylights , canopies, louver, stone cladding, metal cladding, roofing, & others.
Company has a manufacturing facility is situated at Wada, Maharashtra and is spread over 1,25,000 square feet and they have 5 branch offices across India to aid their
Company has a widespread presence and are executing projects in various states such as Goa, Haryana, Karnataka, Tamil Nadu and Uttar Pradesh. At present major contracts are being executed in the state of Maharashtra.
Over the year, Company has executed around 200 projects and had long standing reputed clients across the construction industry.
Company has offered their services for varied type of construction projects including residential buildings, commercial complexes, IT Parks, airports, retail and pharma projects.
Company’s Client List:
- Hiranandani Realtors Pvt. Ltd.
- Relcon Infraprojects Ltd
- Larsen & Toubro Ltd
- Grauer & Weil (I) Ltd.
- Mr. Radheshyam Sharma (Designation: Chairman and Managing Director)
- Mr. Shivchand Sharma (Designation: Non Executive Director)
- Ms. Anjana Sharma (Designation: Whole Time Director)
Promoters Average Acquisition Cost:
|Name of the Promoter||No. of Shares held||Average Acquisition Cost (in Rs.)|
|Jolly Multi Trade Private Ltd||45,41,022||37.08|
Objectives of the Issue:
- Upgradation and modernization of existing manufacturing facility.
- Funding the working capital requirements of the Company.
- General corporate purposes.
|Particulars||Amount (Rs. in Crores)|
|Upgradation and modernisation of existing
|Working capital requirements of
|General Corporate Expenses||10.03|
|Net Proceeds||40.75 cr|
Peer Group Comparison:
We believe that there are no listed peers engaged exclusively in the segment in which Innovators Facade Systems Ltd operate i.e. manufacturing and installation of façade systems.Hence we cannot make any Comparison.
Positives for the Company:
Marquee Client base and Repeat orders.
Company has a client base, consisting of some of India’s leading real estate developers, allows them to bid for and secure a broad range of projects.
Diversified Real Estate Portfolio.
Company’s portfolio of projects is diversified across locations, and also across diverse industry sectors.
Company has executed projects for varied type of construction projects including residential buildings, commercial complexes, IT Parks, airports, retail and pharma projects.
Financials of the Company: (Consolidated)
|(in Crores)||FY 13||FY 14||FY 15||FY 16||FY 17||31st Dec 17|
|Issue Opens on||14th May 2018|
|Issue Closes on:.||16th May 2018|
|Issue Price||Rs.71 – 72|
|Issue Size||Rs.40.75 cr|
|Market Cap||Rs.135.84 cr|
|Listing at||BSE SME|
|Total Equity Shares Offered (Fresh)||56,60,800|
|Equity Shares Prior to the Issue||1,32,07,008|
|Equity Shares after the Issue||1,88,67,808|
|Finalization of Basis of Allotment||on or Before 21st May 2018|
|Initiation of Refunds||on or Before 22nd May 2018|
|Credit of Equity Shares:||on or Before 23rd May 2018|
|Listing Date:||on or Before 24th May 2018|
IPO Valuation Parameters:
|Earnings Per Share (EPS)||Price To Earnings ratio (PE)||Return on Net Worth (RoNW)||Net Asset Value (NAV)||Debt/ Equity Ratio|
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|Company Contact Info:|
|Innovators Façade Systems Limited
204, B-65, Sector No 1
Shanti Nagar, Mira Road (East)
Thane- 401107, Maharashtra, India
Tel: 022- 28132151
|IPO Registrar Info:|
|LINK INTIME INDIA PRIVATE LIMITED
C 101, 1st Floor, 247 Park, L.B.S. Marg, Vikhroli
(W), Mumbai, Maharashtra, India.
|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 61946719;