Ongoing SME IPO_Innovative Ideals Ltd


Innovative Ideals Ltd

Issue Analysis :

Issue opens Sept.24, 2018
Issue Closes Sept. 26, 2018
Issue Price Rs 40
Lot Size 3000
Issue Size 12.26 Cr
Lead Manager Pantomath Capital Advisors Private Limited
Registrar Bigshare Services Private Ltd
Platform BSE

Company’s Snapshot :

Innovative Ideals started as a proprietorship concern for trading of varieties of security equipment by importing from Korea. It has gradually evolved from a trading company to a security solution provider. The company provides System Integration for security, safety and building automation and installation of various electronics systems. It provides a wide range of services with respect to security and electronic systems, such as, Video Door Phone, Audio Door Phone, Access Controls, Home Automation Systems, Intrusion Alarm System, CCTV Systems, Fire Alarm Systems and Telecom Products.

The company provides Video Door Phones under its own brand names, namely, Onyx and Inok. Further, home automation solutions are provided under the brand name of eHomes. Strengthening its service to B2B segment, the company introduced Fibre to the Home (FTTH) solutions in the residential projects which is a single line connection for Voice, Direct To Home and Broadband internet services. This fibre allows multiple Internet Service Providers (ISPs) to use the single fibre cable to provide their services.

In order to reach B2C segment, it has developed two products, Savior and ArmHer, addressing the need of safety of the citizens in the country, primarily, children, women and senior citizens. Apart from this, the company has also launched basi feature mobile phones which are sold under own brand name, Inoyo. Innovative Ideals has entered into an agreement with Tata Sky Broadband and Tata Sky Limited for providing broadband and Direct to Home (DTH) services to the residents / subscribers in Amanora Park Town, Pune for the period of five years commencing from March 15, 2018 to March 14, 2023.

Object of the Issue:

The objects of the Issue are to:

  • Working Capital Requirements
  • General Corporate Purpose
  • Issue Expenses

Financial Highlights :

Innovative Ideals’  financial performance (in INR crore)
FY2014 FY2015 FY2016 FY2017 FY2018
Total revenue 12.8 12.4 12.2 10.7 20.3
Total expenses 12.1 12.2 12.2 9.3 16.0
Profit after tax 0.50 0.16 0.01 0.98 3.09


Company Promoters:

The Promoters of the Company is:

  1. Maqsood Shaikh
  2. Tazyeen Shaikh

Contact Company Information:

Innovative Ideals and Services (India) Limited
E- 202, 2nd floor, Skypark
Off Ajit Glass Road, Oshiwara
Goregoan (W), Mumbai-400104

Phone: +91 022-6739 2121

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