This book-built IPO for Innoventive Industries is worth Rs 219.58 crore. Bidding for the Innoventive Industries IPO began on April 26, 2011, and it concluded on April 29, 2011. On May 13, 2011, the shares were listed on the BSE and NSE. The pricing range for Innoventive Industries’ IPO is ₹117 to ₹120 per share. An application must have a minimum lot size of 50 shares. Retail investors are obliged to invest a minimum of ₹6,000.
Founded in 1991, Innoventive Industries Ltd. is a multi-product engineering company that produces and markets machined components, precision steel tubes, tubular components, automotive components, and other steel goods. The company sells products to a variety of industries, including power, oil and gas, transportation, farm equipment, and general engineering. Rubber-to-metal products, hydraulic cylinder tubes, and internally profiled tubes have all been created by inventive people.
In Pune and Silvassa, there are six production sites owned by Innovative. They export to ten nations worldwide in addition to selling goods domestically. Through a long-term agreement with Salem Steel North America, LLC, they offer CEW tubes under the ARIDOM brand in the USA. Worldwide, they serve more than 475 clients. Some of Innoventive Industries’ principal clients are Gabriel India Ltd., Alstom Projects Ltd., John Deere India, Sundram Industries Ltd., Bajaj Auto Ltd., and Bharat Heavy Electricals Ltd. Essar Steel Ltd., Ispat Industries Ltd., and other significant steel manufacturers are the suppliers of their main raw materials.
Innoventive Industries IPO Details
| IPO Date | April 26, 2011 to April 29, 2011 |
| Listing Date | May 13, 2011 |
| Face Value | ₹10 per share |
| Price Band | ₹117 to ₹120 per share |
| Lot Size | 50 Shares |
| Total Issue Size | 18,767,521 shares (aggregating up to ₹219.58 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Innoventive Industries IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 50 | ₹6,000 |
| Retail (Max) | 33 | 1650 | ₹198,000 |
Innoventive Industries IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | – | NA |
| QIB Shares Offered | 9,383,760 (50.00%) | NA |
| NII (HNI) Shares Offered | 2,815,128 (15.00%) | |
| Retail Shares Offered | 6,568,633 (35.00%) | 131,372 |
| Total Shares Offered | 18,767,521 (100%) |
Objects of the Issue (Innoventive Industries IPO Objectives)
The object of the issue is:
- Capacity Expansion of Manufacturing Facility
- Repayment of the term loan; and
- General corporate purpose.
Innoventive Industries IPO Listing Details
| Listing Date | May 13, 2011 |
| BSE Script Code | 533402 |
| NSE Symbol | INNOIND |
| ISIN | INE549I01011 |
| Final Issue Price | ₹117 per share |
Innoventive Industries Listing Day Trading Information
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹117.00 | ₹117.00 |
| Open | ₹110.00 | ₹111.95 |
| Low | ₹86.30 | ₹86.25 |
| High | ₹114.85 | ₹114.00 |
| Last Trade | ₹93.60 | ₹94.05 |
Innoventive Industries Ltd Contact Details
Innoventive Industries Ltd
Gat No. 1261, Village Sanaswadi,
Pune Nagar Road, Taluka: Shirur,
Pune, 412 208, Maharashtra, India
Phone: 91 2137 669001
Email: investor.grievance@innoventive.in
Website: http://www.innoventive.in
Innoventive Industries IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: innoventive.ipo@karvy.com
Website: https://kosmic.kfintech.com
Innoventive Industries IPO FAQs
Q1. What is an Innoventive Industries IPO?
Ans. Innoventive Industries IPO is a main-board IPO of 18,767,521 equity shares of the face value of ₹10 aggregating up to ₹219.58 Crores. The issue is priced at ₹117 to ₹120 per share. The minimum order quantity is 50 Shares. The IPO opens on April 26, 2011, and closes on April 29, 2011.
Q2. When Innoventive Industries IPO will open?
Ans. The Innoventive Industries IPO opens on April 26, 2011 and closes on April 29, 2011.
Q3. What is the lot size of Innoventive Industries IPO?
Ans. Innoventive Industries IPO lot size is 50 Shares, and the minimum amount required is ₹6,000.
Q4. When is Innoventive Industries IPO listing date?
Ans. The Innoventive Industries IPO listing date is on May 13, 2011.
