Innovatus Entertainment Networks Ltd IPO opens: Check out subscription status, issue price, lot size, listing date, and other key details

Innovatus Entertainment Networks IPO: The initial public offering (IPO) of Innovatus Entertainment Networks has opened today, July 25. The issue will close on Thursday, July 27. The company plans to raise Rs 774 lakh by issuing 15,48,000 equity shares. The shares will be listed on the BSE SME exchange.

Here are the key details of the Innovatus Entertainment Networks Ltd IPO:

Innovatus Entertainment Networks IPO: Price band

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The company has fixed the price band for the IPO at Rs 50 per share.

Innovatus Entertainment Networks IPO: Listing date

The shares of Innovatus Entertainment Networks will be listed on BSE SME on Friday, August 4.

Innovatus Entertainment Networks IPO: Allotment date and link

The shares will be allotted to the public on Tuesday, August 1 and subscribers can check the allotment status on Purva Sharegistry India Pvt Ltd website

Innovatus Entertainment Networks IPO: Fund utilisation

The raised funds will be utilised towards the following objectives:

-Augmenting additional working capital requirements.

-Purchase of exhibition related material.

-General corporate purposes.

-Issue related expenses.

Innovatus Entertainment Networks IPO: Subscription status

As of 4:58 PM, 1,12,71,000 shares of Innovatus Entertainment Networks IPO were bid on BSE SME in which Non Institutional investors (NII) bid 20,07,000 shares, Retail Investors bid 84,90,000 shares and Qualified Institutional Buyers (QIBs) bidded 7,74,000 shares.

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About Innovatus Entertainment Networks

Innovatus Entertainment Networks Limited offers direct marketing solutions. The company offers services such as event management, activations, and exhibitions. The company is a creative platform. It creates concepts, development, and execution on the field.

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