Monday, April 18, 2011

Innoventive Industries IPO: Dates, Price Band, Registrar & IMP Links

Innoventive Industries IPO Information:

- IPO Open: April 25, 2011
- IPO Close: April 29, 2011
- IPO Size: Rs.  220 Crores
- IPO Face Value: Rs. 10 / Equity Share
- IPO Price Band: Rs. 117 - Rs. 120 Per Equity Share
- Minimum Quantity: 50 Shares (Rs. 6000 with 1 Lot)
- Maximum Quantity (1 Lakh Application): 800 Shares (Rs. 96000 with 16 Lot)
- Maximum Quantity (2 Lakh Application): 1650 Shares (Rs. 198000 with 17 Lot)
- IPO Listing At: BSE, NSE

Innoventive Industries IPO Grading / Rating by ICRA : IPO Grade 3/5. Means it has Average Fundamentals.

About Company:
Innoventive Industries Limited is a multiproduct company catering to applications in diverse sectors such as automobile, boiler & heat exchangers, energy, oil and general engineering. It specializes in processing various types of steel, faster development cycles, flexible production systems, effective supply chain management for efficient delivery and capability to make tubular transformations. The company is driven by continuous innovations.

The company has three divisions, Tube, Sheet and Auto Products with manufacturing facilities and warehouses at strategic locations. It offers wide portfolio of products such as Electric Resistance Welded tubes (ERW)and Cold Drawn Electric Welded Tubes (CEW), also known as Drawn over Mandrel (DOM) tubes, strips and auto assemblies. The tubes comein a range of materials like Low Carbon, High Strength, Micro alloy and Stainless Steel. Its products meet stringent requirements of Surface Finish, Wall Thickness, Dimension Tolerance and Mechanical Properties required by discerning global customers.

Contact Information:
Registered Office : Gat No. 1261, Village Sanaswadi, Pune Nagar Road, Taluka: Shirur, Pune 412 208, Maharashtra, India
Phone: 91 2137 669001
Fax: 91 2137 669014

Book Running Lead Manager(s)
1. Axis Bank Limited

Registrar of Innoventive Industries IPO
Karvy Computershare Private Limited
Phone: +91-40-23312454
Fax: +91-40-23311968

Innoventive Industries IPO Important Links:
Draft Prospectus with SEBI

More Information:
Innoventive Industries IPO Grey Market Premium & Kostak Rates: Click Here
Innoventive Industries IPO Listing Date: Click Here

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