Issue Price: Rs. 117 - Rs. 120 Per Equity Share
Issue Detail:
»» Issue Open: Apr 26, 2011 - Apr 29, 2011
»» Issue Size: Rs. 219.58 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Minimum Order Quantity: 50 Shares
Bid Details:
Number of Times Issue is Subscribed (BSE + NSE) As on Date & Time Qualified Institutional Buyers (QIBs) Non Institutional Investors (NIIs) Retail Individual Investors (RIIs) Total Shares Offered / Reserved 9,383,760 2,815,128 6,568,633 18,767,521 Day 1 - Apr 26, 2011 17:00 IST 0.3600 0.0000 0.4300 0.3300 Day 2 - Apr 27, 2011 17:00 IST 0.3600 0.2100 0.6800 0.4500 Day 3 - Apr 28, 2011 17:00 IST 0.8500 0.8000 0.9300 0.8700 Day 4 - Apr 29, 2011 18:00 IST 0.8500 1.9400 1.4800 1.2400
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 Financials:
Particulars For the year/period ended (in Rs. Lakhs) 31-Dec-10 31-Mar-10 31-Mar-09 31-Mar-08 31-Mar-07 31-Mar-06 Total Income 38150.20 39,222.27 35,081.27 27,592.69 19,263.61 11,722.18 Profit After Tax (PAT) 3,177.30 3,454.01 1,162.86 329.70 550.92 1,017.70
Company Promoters:
The promoters of the company are:
1. Mr. Chandu Chavan,
2. Mr. Sanjay Waghulade and
3. Mr. Ravindra Katre
Register To Reply