Innoventive Industries Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

26 Apr 2011

Close Date

29 Apr 2011

Allotment

05 May 2011

Listing Date

13 May 2011

Exchange

NSE & BSE

Price Band

₹120

Listing Price

See chart

Allotment Status

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Price Band

₹120

Per share

Face Value

₹10 per share

Lot Size

50 Shares

per lot

Issue Size

1,85,81,650 shares (aggregating up to ₹217.41 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹6,000

1 lot

Pre-IPO Holding

4,10,62,349 shares

Promoters

Post-IPO Holding

5,96,43,999 shares

Promoters

UPI Deadline

2011-04-29

Mandate

Anchor AllotmentMon, 25 Apr 2011

Basis of AllotmentThu, 05 May 2011

Refund InitiationFri, 06 May 2011

Demat CreditFri, 06 May 2011

Listing DayFri, 13 May 2011

UPI Mandate Deadline2011-04-29

Sale TypeFresh Capital

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Innoventive Industries Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 29 Apr 2011.

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)
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	18,581,650	100%	₹222.98

IPO Shares Offered

Innoventive Industries Ltd. IPO total issue size: ₹222.98 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Total	18,581,650	₹222.98	100.00%

* Based on upper price band ₹120 per share

Lot Size & Investment

Lot Size

Shares per Lot

Issue Price

₹120.00

Upper Band

Min Investment

₹6,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	100	₹12,000
Retail (Max — 33 Lots)	33	1,650	₹198,000
S-HNI (Min — 34 Lots)	34	1,700	₹204,000
B-HNI (Min — 167 Lots)	167	8,350	₹1,002,000

* Issue Price ₹120 × Lot Size 50 shares

IPO Schedule

Anchor

25 Apr 2011

✓ Done

IPO Open

26 Apr 2011

✓ Done

IPO Close

29 Apr 2011

✓ Done

Allotment

05 May 2011

✓ Done

Refunds

06 May 2011

✓ Done

Demat Credit

06 May 2011

✓ Done

Listing Day

13 May 2011

✓ Done

₹120.00

INR · BSE

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Issue ₹120.00 Live Price

About Innoventive Industries Ltd.

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.

Objects of the Issue

1 Capacity Expansion of Manufacturing Facility

2 Repayment of Term Loans

3 General Corporate Purpose

Innoventive Industries Ltd. Financials (Amount in Lakhs)

Revenue from Operations

₹35,081.3

31-Mar-09

₹39,222.3

31-Mar-10

₹38,150.2

31-Dec-10

Profit After Tax (PAT)

₹1,162.9

31-Mar-09

₹3,454.0

31-Mar-10

₹3,177.3

31-Dec-10

Particulars	31-Dec-10	31-Mar-10	31-Mar-09
Revenue from Operations	38150.20	39222.27	35081.27
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	3177.30	3454.01	1162.86
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	—	—

RoNW

48.72%

Issue Structure & Shareholding

Total Shares Offered1,85,81,650 (100.00%)

Net Offer to PublicN/A

Reserved for Market MakerN/A

Pre-Issue Promoter Holding4,10,62,349 shares

Post-Issue Promoter Holding5,96,43,999 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Kfin Technologies Ltd.

04067162222, 04079611000

innoventive.ipo@karvy.com

https://ipostatus.kfintech.com/

Check Allotment

Book Running Lead Managers

Avendus Capital Pvt.Ltd.

Axis Bank Ltd.

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

IPO Subscription FAQs

How much Innoventive Industries Ltd. IPO subscribed? ▲

Innoventive Industries Ltd. IPO is subscribed 1.00 times by Apr 29, 2011. 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 Innoventive Industries Ltd. IPO retail subscription status? ▼

The Innoventive Industries Ltd. IPO retail category is subscribed 1.00 times as of 29 Apr 2011. The retail portion is oversubscribed.

How to subscribe Innoventive Industries Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 26 Apr 2011 and closes 29 Apr 2011. Min investment: ₹6,000 (1 lot = 50 shares). UPI mandate: 2011-04-29.

How many times Innoventive Industries Ltd. IPO subscribed? ▼

The Innoventive Industries Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Innoventive Industries Ltd. IPO allotment? ▼

Check allotment on the registrar website (Kfin Technologies Ltd.) at https://ipostatus.kfintech.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 05 May 2011. Refunds: on 06 May 2011.

When Innoventive Industries Ltd. IPO will be listed? ▼

The Innoventive Industries Ltd. IPO listing date is 13 May 2011, Friday. Listed on: NSE & BSE. Issue price: ₹120. Estimated listing: ₹120. GMP: NIL.

When Innoventive Industries Ltd. IPO close? ▼

The Innoventive Industries Ltd. IPO closes on 29 Apr 2011, Friday. UPI mandate: 2011-04-29. Allotment: 05 May 2011. Listing: 13 May 2011.

Quick Actions

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Live Price LIVE

Last Price₹120.00

Change—

Issue Price₹120.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹120

Face Value₹10

Lot Size50 Sh

Min. Amount₹6,000

GMPNIL

Est. Listing₹120

Subscribed1.00x

Open Date26 Apr 2011

Close Date29 Apr 2011

Allotment05 May 2011

Listing Date13 May 2011

ExchangeNSE & BSE

UPI Deadline2011-04-29