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Innoventive Industries Ltd IPO

Incorporated in 1991, Innoventive Industries Ltd is a multi-product engineering company engaged in the business of manufacturing and sale of precision steel tubes, tubular components, auto components, machined components and other steel products. Company's product used in different sectors such as transportation, oil & gas, power, farm equipments and general engineering. Innoventive have also developed hydraulic cylinder tubes, rubber to metal products and profiled tubes in house.

Innoventive have six manufacturing facilities located across Pune and Silvassa. They sell products in the domestic as well as export to 10 countries across the globe. In USA, they sell CEW tubes under the brand of ARIDOM through a long term arrangement with Salem Steel North America, LLC. They have over 475 customers worldwide. Major customers of Innoventive Industries include Bajaj Auto Ltd, Bharat Heavy Electricals Ltd, Thermax Ltd, John Deere India, Sundram Industries Ltd, Gabriel India Ltd and Alstom Projects Ltd. They source their primary raw material though Essar Steel Ltd, Ispat Industries Ltd and other major steel manufactures.

Company Promoters: Mr. Chandu Chavan, Mr. Sanjay Waghulade and
Mr. Ravindra Katre

Issue Detail:
Issue Open: Apr 26, 2011 - Apr 29, 2011
Issue Type: 100% Book Built Issue IPO
Issue Size: Equity Shares of Rs. 10
Issue Size: Rs. 219.58 Crore
Face Value: Rs. 10 Per Equity Share
Issue Price: Rs. 117 - Rs. 120 Per Equity Share
Market Lot: 50 Shares
Minimum Order Quantity: 50 Shares
Listing At: BSE, NSE

IPO Subscription Detail / IPO Oversubscription Details / IPO Bidding Status:

Number of Times Issue is Subscribed (BSE + NSE)
Date & Time
Non Institutional Investors (NIIs)
Retail Individual Investors (RIIs)
  Shares Offered / Reserved  9,383,760   2,815,128     6,568,633    18,767,521  
   Day 1 - Apr 26, 2011 0.3600  0.0000  0.4300  0.3300 
   Day 2 - Apr 27, 2011 0.3600  0.2100  0.6800  0.4500 
   Day 3 - Apr 28, 2011 0.8500  0.8000  0.9300  0.8700 



Innoventive Industries Ltd IPO Allotment Status


Innoventive Industries Ltd IPO Basis Of Allotment



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