Innovators Facade Systems Ltd

 Innovators Facade Systems

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.


Management Team:

  1. Mr. Radheshyam Sharma (Designation: Chairman and Managing Director)
  2. Mr. Shivchand Sharma (Designation: Non Executive Director)
  3. Ms. Anjana Sharma (Designation: Whole Time Director)


Promoters Average Acquisition Cost:

Name of the Promoter No. of Shares held Average Acquisition Cost (in Rs.)
Radheshyam Sharma 23,80,209 12.72
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.


Fund Utilization:

Particulars Amount (Rs. in Crores)
Upgradation and modernisation of existing
manufacturing facility
Working capital requirements of
the Company
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
Revenue  78.33  83.75  92.04  94.38  102.35  126.30
Net Profit  2.32  2.68  3.13  1.65  1.82  5.75


IPO Details:

Details Info
Issue Opens on 14th May 2018
Issue Closes on:. 16th May 2018
Issue Price Rs.71 – 72
Face Value Rs.10
Minimum Lot 1600
Minimum Investment Rs.1,15,200
Issue Constitutes 30.00%
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


Important Dates:

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
1.77 40.67 3.05% 58.05 0.98


Check IPO Allotment Status:

Link InTime Website (Click on the below Link)


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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:
C 101, 1st Floor, 247 Park, L.B.S. Marg, Vikhroli
(W), Mumbai, Maharashtra, India.
Tel: +91-022-49186200
Fax: +91-022-49186195


Lead Manager to the Issue:
406-408, Keshava Premises, Behind Family Court, Bandra Kurla
Complex, Bandra (East), Mumbai – 400051, Maharashtra, India
Tel: +91-22 61946719;