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12 August 2023

Innovatus Entertainment Networks Limited IPO: Pioneering Direct Marketing Solutions in Style

Introduction:

Founded in 2012, Innovatus Entertainment Networks Limited has emerged as a dynamic player in the realm of direct marketing solutions. Offering an array of services including Event Management, Activations, and Exhibitions, the company has carved a niche for itself with its innovative concepts and flawless execution.

A Spectrum of Services:

Innovatus Entertainment Networks specializes in an impressive spectrum of offerings such as Event Co-ordination, Pre and Post-event Publicity, Production, Printing and Distribution, Venue Research and Booking, Staffing, Celebrity Management, Transport, Accommodation, and Catering. From event production and exhibition to design and fabrication, the company excels in delivering captivating experiences.

Competitive Strengths:

The company's strengths are reflected in its innovative approach, creative activations, and a strong focus on client engagement. Leveraging partnerships and sponsorships, Innovatus Entertainment Networks is dedicated to delivering seamless and unforgettable experiences.

IPO Overview:

Innovatus Entertainment Networks IPO, a Fixed Price Issue, has a total issue size of Rs 7.74 Crores. Priced at Rs. 50 per share, the IPO subscription window was open from July 25, 2023, to July 27, 2023. The anticipated listing date on BSE SME is August 4, 2023.

Promoter Holding:

The company promoters are Azharuddin R. Mulla, Rich Pockets Online Services Limited, and Miniboss Consultancy Private Limited.

Promoter Vision:

The company's promoters, Mr. Hanskumar Ramakant Agarwal and Mrs. Shradha Hanskumar Agarwal, drive its vision of innovation, sustainability, and expansion.

Financial Journey

Innovatus Entertainment Networks Limited's financial trajectory underscores its growth story:

Total Assets	Rs. 449.41 Lakhs to Rs. 822.63 Lakhs
Total Revenue	Rs. 1,042.12 Lakhs to Rs. 1,093.93 Lakhs
Profit After Tax	Rs. 29.44 Lakhs to Rs. 48.26 Lakhs
Net Worth	Rs. 171.61 Lakhs to Rs. 483.45 Lakhs

Expert Insights:

Despite its creative approach and recent financial performance, Innovatus Entertainment Networks operates in a competitive segment. The sudden spike in FY23 earnings raises concerns about sustainability. Considering the steep pricing and small equity capital post-IPO, potential investors might want to exercise caution.

Conclusion:

The Innovatus Entertainment Networks Limited IPO offers an opportunity to invest in a company known for its innovative direct marketing solutions. However, investors are advised to carefully evaluate the offering, taking into account the industry landscape, financial considerations, and the expert insights shared.

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