Innovators Facade Systems Limited SME IPO

Incorporated in 1999, Maharastra based Innovators Façade Systems Limited is a company engaged in designing, engineering, fabrication, and installation of façade systems. The company offers total solutions to its customers with respect to their requirement of façade installation in complex projects. It specializes in technically demanding facades. With an operating history of more than eighteen years, the company has developed a brand image in the façade industry.

The manufacturing facility of Innovators is situated at Wada, Maharashtra and is spread over 1,25,000 square feet. The product basket ranges from glazing /curtain walls, high-end doors & windows, skylights, canopies, frameless glazing, MS structures, stone cladding, metal cladding, roofing, & others. The registered office of the Company is situated at Mumbai and it has 7 branch offices across India.

Issue Details

Innovators Facade Systems Limited - IPO
 Issue Open

 May 14, 2018 - May 16, 2018  
 Issue Price  Rs 71 - Rs 72 Per Equity Share 
 Market Lot  1600 Shares 
 Minimum Order  Quantity  1600 Shares
 Issue Size  5,660,800 Equity Shares of Rs 10 aggregating up to Rs 40.75 Cr  
 Face Value  Rs 10/-
 Listing At  BSE SME


Company Promoters:

The Promoters of the Company are Radheshyam Sharma and Jolly Multitrade Private Limited. The Promoters hold 69,21,231 Equity Shares representing 52.41% of the pre-issue Paid-up Capital of the Company.

Objects of Innovators Facade Systems Limited - SME IPO:

The Objects Of The Issue are-
1. Upgradation and modernization of existing manufacturing facility
2. Funding the working capital requirements of the Company
3. General corporate purposes.

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