Innovana Thinklabs Limited is engaged in software and application development company. It is Jaipur, Rajasthan based company. This company design, develop and maintain software systems and solutions, create new applications and enhance the functionality of our customers existing software products. This technology company is in process of getting listed in the exchanges and their new issue will be open for application from tomorrow. Let me quickly take you through the Innovana Thinklabs Limited IPO review and check the issue date, price and draft prospectus.
About Innovana Thinklabs Limited IPO :
- IPO Opens on – November 29, 2017.
- IPO Closes on – December 4, 2017.
- Face Value – Rs 10 Per Equity Share.
- Issue Price – Rs 70 Per Equity Share.
- Issue Type – Fixed Price Issue IPO.
- Market Lot – 2,000 shares.
- Minimum Order Quantity – 2000 Shares.
- Retail Allocation – 50%
- Issue Size – 1,100,000 Equity Shares of Rs 10 aggregating up to Rs 7.70 Cr.
- Listing Exchange – NSE SME exchange.
- Draft Prospectus – Click Here.
Objectives of the issue:
- To Meet Working Capital Requirement.
- To meet Capital Expenditure.
- General Corporate Purpose.
- To Meet the Issue Expenses.
About The Company –
- Innovana Thinklabs Limited is incorporated in 2015.
- This company’s product portfolio includes Ad-blocker, disk cleanup, space reviver, file opener and privacy protector etc.
- Innovana Thinklabs Limited has developed number of utilities which are used in 13 different languages and over 126 countries.
- This company’s have total 84 employees (including permanent and on-call software professionals/technicians).
- This company delivers services across all stages of the product life cycle, which enables us to work with a wide-range of customers and allow us to develop, enhance and deploy our customers software products.
- Past name of the company was “PCVARK Software Limited” then changed to “Innovana Thinklabs Limited”.
- The services range of the company from software and application development like ad-blocker, Mac space reviver, Mac file opener, disk cleanup pro, file helper, memory optimizer Pro, compress photos, duplicate photos cleaner and resize photos etc, compatible for computers, laptops and mobiles.
- This company’s business model is comprises of optimum utilization of our existing resources, developing linkages with expertise of development team and achieving consequent customer satisfaction.
Promoters of the company :
- Mr. Chandan Garg.
- Mr. Kapil Garg.
Innovana Thinklabs Limited IPO Review: There is a steady growth in the revenue as well as in the profit front of the company. Also, the business model is designed to cater to today’s technology-rich world. The issue is fully priced and our Innovana Thinklabs Limited IPO review has a NEUTRAL view on this issue. If you are sitting on cash, may think to invest for longer term.