Innovatus Entertainment Networks Limited

Company Profile
Company Name Innovatus Entertainment Networks Limited
Open Date 25-07-2023
Close Date 27-07-2023
Exchange BSE SME
Lot Size 3000 Shares
Issue Price ₹ 50 per share
Issue Size 15,48,000 Equity Shares
Application Amount ₹1,50,000
Recommendation Avoid
Company offers all the Direct marketing solutions- Management, CRM, B2B and B2C, Activations and Exhibitions and a creative platform for complete 'Info-tainment' with a 360-degree solution. Company focuses on concept development to creatives to a total turn key presentation and on ground execution and look forward to reach a new level of innovation, through integrated media and satisfactory engagement of the audience and carve an exemplary niche in the field of 'Infotainment' and create a unique identity of a dedicated company on the global map. Company offers a complete range of designing, media and printing services and Strength is media buying where company can understand the clients marketing objective and use the correct media to achieve that objective. Company is able to understand the various media available and use the right mix of media and the right prices to the achieve the client’s media objectives.
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Summary of Financials (All financials in Lakh)

For the Period Ended Mar-23 Mar-22 Mar-21
Total Assets 822.63 530.83 597.73
Net Assets 483.45 235.19 205.00
Total Borrowings 152.34 152.34 152.34
Total Revenue 1093.93 787.90 784.07
Profit After Tax 48.30 30.20 33.4

Tentative Timeline

Opening Date 25-07-2023
Closing Date 27-07-2023
Basis of Allotment 01-08-2023
Initiation of Refunds 02-08-2023
Credit of Shares to Demat 03-08-2023
Listing Date 04-08-2023

Objects of the Issue

Augmenting additional working capital requirements.
Purchase of Exhibition Related Material.
General Corporate Purposes.

Contact Information

Registered Office Innovatus Entertainment Networks Limited 407, Crescent Royale, Off New Link Road, Andheri West, Mumbai – 400053, Maharashtra, India
Phone +91 22 4016 5928

Registrar Details

Name Purva Sharegistry India Pvt Ltd
Phone +91-022-23018261/ 23016761

IPO Reservation

Market Maker Shares Offered 78,000 (5.04%)
Other Shares Offered 7,35,000 (47.48%)
Retail Shares Offered 7,35,000 (47.48%)
Total Shares Offered 15,48,000 (100%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 99.97%
Share Holding Post Issue (Promoters) 60.87%

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