Innovate Engineering & Construction Ltd. IPO Details: Innovate Engineering & Construction Ltd. has announced its IPO dates. The IPO will open on August 3, 2024, and will close on August 5, 2024. Innovate Engineering & Construction Ltd. aims to raise ₹95 crores through this IPO. The IPO price band is set between ₹135 to ₹142, with a market lot of 1000 shares.
Innovate Engineering & Construction Ltd. IPO Date & Price Band Details
| IPO Open: | August 3, 2024 |
|---|---|
| IPO Close: | August 5, 2024 |
| IPO Size: | Approx ₹95 Crores, 6,690,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹135 to ₹142 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
Innovate Engineering & Construction Ltd. IPO Market Lot
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1000 | ₹142,000 |
| Retail Maximum | 1 | 1000 | ₹142,000 |
| S-HNI Minimum | 2 | 2000 | ₹284,000 |
Innovate Engineering & Construction Ltd. IPO Dates
| IPO Open Date: | August 3, 2024 |
|---|---|
| IPO Close Date: | August 5, 2024 |
| Basis of Allotment: | August 6, 2024 |
| Refunds: | August 8, 2024 |
| Credit to Demat: | August 8, 2024 |
| IPO Listing Date: | August 10, 2024 |
You can check the IPO subscription status and allotment status on their respective pages.
Innovate Engineering & Construction Ltd. IPO Form
You can apply for Innovate Engineering & Construction Ltd. IPO via ASBA through your bank account. Log in to your online bank account, go to the ‘Invest’ section, and apply by selecting Innovate Engineering & Construction Ltd. IPO. Alternatively, you can download the IPO forms from the NSE website, fill them out, and submit them to your bank or broker.
Innovate Engineering & Construction Ltd. Company Financial Report
| Year | Revenue | Expense | PAT |
|---|---|---|---|
| 2022 | ₹60.50 | ₹58.90 | ₹1.60 |
| 2023 | ₹89.20 | ₹81.00 | ₹6.50 |
| 2024 | ₹250.40 | ₹215.60 | ₹28.50 |
Innovate Engineering & Construction Ltd. IPO Valuation – FY2024
| Earning Per Share (EPS): | ₹15.12 per Equity Share |
|---|---|
| Price/Earning (P/E) Ratio: | NA |
| Return on Net Worth (RoNW): | 65.20% |
| Net Asset Value (NAV): | ₹24.00 per Equity Share |
Peer Group
- Buildwell Infratech Ltd.
- Crest Developers Ltd.
- Nexus Contractors Ltd.
Company Promoters
- Mr. Rohan Gupta
- Ms. Priya Sharma
Innovate Engineering & Construction Ltd. IPO Registrar
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/23016761
Email: support@purvashare.com
Website
Innovate Engineering & Construction Ltd. IPO Lead Managers aka Merchant Bankers
SRK Capital Advisors Private Limited
Company Address
Innovate Engineering & Construction Ltd.
Plot No. 123, 5th Avenue,
Green Park, New Delhi – 110016
Phone: +91 9876543210
Email: info@innovateec.com
Website
Innovate Engineering & Construction Ltd. IPO FAQs
What is Innovate Engineering & Construction Ltd. IPO?
Innovate Engineering & Construction Ltd. IPO is an NSE SME IPO aiming to raise ₹95 crores. The issue price is between ₹135 to ₹142 per equity share.
When will Innovate Engineering & Construction Ltd. IPO open?
The IPO opens on August 3, 2024, for QIB, NII, and Retail Investors.
What is the investors’ portion for Innovate Engineering & Construction Ltd. IPO?
The investor portions are 50% for QIB, 15% for NII, and 35% for Retail.
How to apply for Innovate Engineering & Construction Ltd. IPO?
You can apply via ASBA through your bank account or through UPI via your stock brokers. Alternatively, fill out offline forms from your brokers.
How to apply for Innovate Engineering & Construction Ltd. IPO through Zerodha?
Log in to Console on the Zerodha website or app, go to ‘Portfolio’, click on ‘IPO’, select ‘Innovate Engineering & Construction Ltd.’, and follow the bidding process.
How to apply for Innovate Engineering & Construction Ltd. IPO through Upstox?
Log in to the Upstox app, select the IPO, confirm your application, and approve the mandate on your UPI app.
How to apply for Innovate Engineering & Construction Ltd. IPO through Paytm Money?
Log in to the Paytm Money app, select the IPO, confirm your application, and approve the mandate on your UPI app.
What is Innovate Engineering & Construction Ltd. IPO size?
The IPO size is ₹95 crores.
What is the Innovate Engineering & Construction Ltd. IPO price band?
The price band is ₹135 to ₹142 per equity share.
What is the minimum and maximum lot size for Innovate Engineering & Construction Ltd. IPO?
The minimum and maximum lot size is 1000 shares at ₹142,000.
What is the allotment date for Innovate Engineering & Construction Ltd. IPO?
The allotment date is August 6, 2024.
What is the listing date for Innovate Engineering & Construction Ltd. IPO?
The listing date is August 10, 2024, on NSE SME.