Innovative Tyres & Tubes Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

22 Sep 2017

Close Date

26 Sep 2017

Allotment

02 Oct 2017

Listing Date

05 Oct 2017

Exchange

NSE SME

Price Band

₹45

Listing Price

See chart

Allotment Status

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Price Band

₹45

Per share

Face Value

₹10 per share

Lot Size

3,000 Shares

per lot

Issue Size

62,97,000 shares (aggregating up to ₹28.34 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹135,000

1 lot

Pre-IPO Holding

1,16,94,561 shares

Promoters

Post-IPO Holding

1,79,91,561 shares

Promoters

UPI Deadline

2017-09-26

Mandate

Anchor AllotmentThu, 21 Sep 2017

Basis of AllotmentMon, 02 Oct 2017

Refund InitiationTue, 03 Oct 2017

Demat CreditTue, 03 Oct 2017

Listing DayThu, 05 Oct 2017

UPI Mandate Deadline2017-09-26

Sale TypeFresh Capital

Net Offer to Public59,70,000 shares (aggregating up to ₹26.87 Cr)

Market Maker Quota3,27,000 shares (aggregating up to ₹1.47 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Innovative Tyres & Tubes Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 26 Sep 2017.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	327,000	—	₹1.47
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	6,297,000	100%	₹28.34

IPO Shares Offered

Innovative Tyres & Tubes Ltd. IPO total issue size: ₹28.34 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	327,000	₹1.47	5.19%
Total	6,297,000	₹28.34	100.00%

* Based on upper price band ₹45 per share

Lot Size & Investment

Lot Size

3,000

Shares per Lot

Issue Price

₹45.00

Upper Band

Min Investment

₹135,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	6,000	₹270,000
Retail (Max — 13 Lots)	13	39,000	₹1,755,000
S-HNI (Min — 14 Lots)	14	42,000	₹1,890,000
B-HNI (Min — 68 Lots)	68	204,000	₹9,180,000

* Issue Price ₹45 × Lot Size 3,000 shares

IPO Schedule

Anchor

21 Sep 2017

✓ Done

IPO Open

22 Sep 2017

✓ Done

IPO Close

26 Sep 2017

✓ Done

Allotment

02 Oct 2017

✓ Done

Refunds

03 Oct 2017

✓ Done

Demat Credit

03 Oct 2017

✓ Done

Listing Day

05 Oct 2017

✓ Done

₹45.00

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Issue ₹45.00 Live Price

About Innovative Tyres & Tubes Ltd.

Incorporated in 1995, Innovative tyres & tubes ltd manufactures and sells bias tires in India. The company offers tires for motorcycles, scooters, three-wheelers, passenger vehicles, light-trucks, trucks, buses, and special purpose vehicles as well as tubes. They sell their products under the brand "Innovative".Innovative's product range covers all highway sizes, Off The Road (OTR) highway sizes, agriculture and industrial tyres. They serves original equipment manufacturers. The company also exports its products to the Philippines, the United Arab Emirates, Peru, Latin America, etc.Company's plant is located at Halol, in Gujarat. ITTL has strong business relationship with tyre major Ceat Ltd. Company is manufacturing all segments of Nylon Tyres. Company is catering to domestic markets/after sales market, OEMs and is also exporting its products.

Objects of the Issue

Expansion of existing facility

Long term working capital requirements

General Corporate Purpose

Innovative Tyres & Tubes Ltd. Financials (Amount in Rs Cr)

Revenue from Operations

N/A

FY 2022-23

N/A

FY 2023-24

N/A

FY 2024-25

Profit After Tax (PAT)

N/A

FY 2022-23

N/A

FY 2023-24

N/A

FY 2024-25

Particulars	FY 2024-25	FY 2023-24	FY 2022-23
Revenue from Operations	N/A	N/A	N/A
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	N/A	N/A	N/A
Net Worth	N/A	N/A	N/A
Total Assets	N/A	N/A	N/A
Reserves & Surplus	N/A	N/A	N/A
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Financial data will be published once DRHP/RHP is filed with SEBI.

Issue Structure & Shareholding

Total Shares Offered62,97,000 (100.00%)

Net Offer to Public59,70,000 shares (aggregating up to ₹26.87 Cr)

Reserved for Market Maker3,27,000 shares (aggregating up to ₹1.47 Cr)

Pre-Issue Promoter Holding1,16,94,561 shares

Post-Issue Promoter Holding1,79,91,561 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

MUFG Intime India Pvt.Ltd.

+91-22-4918 6270

itatl.ipo@linkintime.co.in

https://linkintime.co.in/Initial_Offer/public-issues.html

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Book Running Lead Managers

Pantomath Capital Advisors Pvt.Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Innovative Tyres & Tubes Ltd. IPO subscribed? ▲

Innovative Tyres & Tubes Ltd. IPO is subscribed 1.00 times by Sep 26, 2017. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Innovative Tyres & Tubes Ltd. IPO retail subscription status? ▼

The Innovative Tyres & Tubes Ltd. IPO retail category is subscribed 1.00 times as of 26 Sep 2017. The retail portion is oversubscribed.

How to subscribe Innovative Tyres & Tubes Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 22 Sep 2017 and closes 26 Sep 2017. Min investment: ₹135,000 (1 lot = 3,000 shares). UPI mandate: 2017-09-26.

How many times Innovative Tyres & Tubes Ltd. IPO subscribed? ▼

The Innovative Tyres & Tubes Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Innovative Tyres & Tubes Ltd. IPO allotment? ▼

Check allotment on the registrar website (MUFG Intime India Pvt.Ltd.) at https://linkintime.co.in/Initial_Offer/public-issues.html. Enter your PAN, application number or DP/Client ID. Allotment date: 02 Oct 2017. Refunds: on 03 Oct 2017.

When Innovative Tyres & Tubes Ltd. IPO will be listed? ▼

The Innovative Tyres & Tubes Ltd. IPO listing date is 05 Oct 2017, Thursday. Listed on: NSE SME. Issue price: ₹45. Estimated listing: ₹45. GMP: NIL.

When Innovative Tyres & Tubes Ltd. IPO close? ▼

The Innovative Tyres & Tubes Ltd. IPO closes on 26 Sep 2017, Tuesday. UPI mandate: 2017-09-26. Allotment: 02 Oct 2017. Listing: 05 Oct 2017.

Quick Actions

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Live Price LIVE

Last Price₹45.00

Change—

Issue Price₹45.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹45

Face Value₹10

Lot Size3,000 Sh

Min. Amount₹135,000

GMPNIL

Est. Listing₹45

Subscribed1.00x

Open Date22 Sep 2017

Close Date26 Sep 2017

Allotment02 Oct 2017

Listing Date05 Oct 2017

ExchangeNSE SME

UPI Deadline2017-09-26