Innovatiview India Limited IPO is fully book build issue and total IPO size is ₹2000 crores. The offering includes a fully offer for sale of ₹2000 crores.
The dates for the Innovatiview India IPO have not been announced yet.
The allotment process is expected to be finalized by [.]. The Innovatiview India IPO is scheduled to list on BSE, NSE, with a tentative listing date of [.].
The price band for the Innovatiview India IPO has not been announced yet.
Registrar for this IPO is MUFG Intime India Private Limited (Formerly Link Intime India Private Limited) and lead managers for Innovatiview India IPO are DAM Capital Advisors Limited, ICICI Securities Limited, JM Financial Limited, Motilal Oswal Investment Advisors Limited, Shannon Advisors Private Limited.
IPO Schedule
| IPO Open Date | - |
|---|---|
| IPO Close Date | - |
| IPO Allotment Date | - |
| Refund Initiation | - |
| Share credit in Demat | - |
| Listing Date | - |
Key Details
| Price Band | TBA |
|---|---|
| Lot Size | TBA |
| Face Value | ₹5 Per Equity Share |
| Total Issue Size | ₹2,000.00 Crores |
| Fresh Issue | - |
| OFS Issue | ₹2,000.00 Crores |
| Issue Type | Offer for Sale |
| Listing At | BSE, NSE |
Share Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB | 50% |
| Retail | 35% |
| NII/HNI | 15% |
About Innovatiview India Limited Company
Innovatiview, founded in 2017, is a leading Indian company providing comprehensive solutions in exam, event, and election security and surveillance, alongside IT equipment rental and system integration. With headquarters in Bengaluru and locations in Pune, Innovatiview offers IT equipment rental services for desktops, laptops, workstations, servers, graphic cards, printers, and projectors. It also offers a comprehensive suite of security services including frisking solutions, CCTV surveillance, and biometric solutions.
Innovatiview's revenue for FY2023 reached INR 3,807.3 million (INR 380.73 crore), and for FY2024 it stood at INR 6,380.5 million (INR 638.05 crore). EBITDA for FY2023 was INR 1,909.3 million (INR 190.93 crore) and grew to INR 3,119.9 million (INR 311.99 crore) in FY2024.
Innovatiview distinguishes itself with a 4D framework, focusing on defining client needs, deploying resources, discovering malpractices, and disclosing findings to enhance security. The company leverages a mix of owned equipment and a vendor network of over 5,100 firms to deliver scalable and efficient services.
Innovatiview India Limited Financial Details
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 925.28 | 655.02 | 367.29 | 212.85 |
| Revenue | 484.92 | 638.05 | 380.73 | 238.21 |
| Profit After Tax | 131.01 | 196.72 | 114.56 | 56.18 |
| Net Worth | 501.47 | 394.57 | 194.99 | 80.18 |
| Reserves and Surplus | 255.29 | 272.15 | 170.03 | 60.04 |
| Total Borrowing | 217.07 | 95.03 | 96.95 | 66.78 |
₹ In Crore
Key Performance Indicator
| Basic EPS (in ₹) | Return on Net Worth (RoNW) | Net Asset Value (NAV) | Debt-Equity Ratio | Return on Equity (ROE) | Return on Capital Employed (ROCE) |
|---|---|---|---|---|---|
| 3.98 | 53.20 | 7.51 | 0.24 | 52.82% | 58.94% |
Offer Objectives
The company's offer involves an Offer for Sale (OFS) of equity shares by the Promoter Selling Shareholders, aiming to raise up to ₹2,000 Crore (₹20,000 million) and to achieve the benefits of listing on the stock exchanges. The company anticipates that the listing will increase visibility, enhance the brand, and provide liquidity for existing shareholders, establishing a public market for equity shares in India.
The company will not receive any proceeds from this offer; all proceeds will go to the Promoter Selling Shareholders after deducting offer-related expenses and taxes. The total estimated offer expenses are ₹[●] million, and these costs will be shared by the Promoter Selling Shareholders in proportion to their offered shares.
Specific expenses include: BRLMs fees and commissions, fees to the Registrar, selling commission/processing fees for SCSBs and Bankers to the Offer, advertising and marketing expenses, and other regulatory and miscellaneous costs such as listing fees, SEBI filing fees, and legal counsel fees. In the first instance, all fees and expenses related to the Offer will be paid by the Company, but the Promoter Selling Shareholders will reimburse them upon the completion of the Offer.
Offer Prospectus & Documents
Lead Managers
- DAM Capital Advisors Limited
- ICICI Securities Limited
- JM Financial Limited
- Motilal Oswal Investment Advisors Limited
- Shannon Advisors Private Limited
