Innoventive Industries Ltd IPO Message Board (Page 8)

Dear Sreedhar,

You have nailed the point in your final call to this ipo.

Ramky & Jaypee were cases of cheque stop payment for me. I felt bad doing this since I liked these companies but had no other option.

Again A2Z & PFS - both were tempting but desisted.

Now innoventive. Though I feel bad, I have to go with the market.

Bid and Quantity for Innoventive Industries Ltd

Cumulative (BSE+NSE) position
As on April 29, 2011 till 6:22:00 PM

Price(Rs.) - Cumulative Quantity (shares)

117.00 - 2,31,85,400
118.00 - 2,18,92,300
119.00 - 2,18,91,350
120.00 - 2,18,89,750
Cut-off - 89,17,000

At 6 PM : NSE+BSE BID DETAILS

QIB : 0.85x

HNI : 1.95x

Retail : 1.48x

Overall : 1.24 x ... not very exciting ?

With the kind of management , the company is reported to have, one thing seems to be certain ....there is not going to be any operator-play on listing.
So the real juce- the fireworks on listing day will be missing and so not much hope of listing gains too.

Sreedhar's is this ipo list at discount......what r ur suggetions...

I have applied for 300 shares. Will sell on listing, will, book profit or loss immediately.

TOTAL SUBS 1.23X -AT 5 PM

most of the bid at lower price band so chances of getting @ 117 is good - source moneycontrol

HNI=1.29, RII=1.13 till 2.00.PM

I have been eyeing today's both IPO and was keen to put 4-5 full applications in both.

Innoventive has borderline fundamentals, with a huge debt to equity trap. Those guys are good technocrats but like typical Pune Maharashtrian folks, are clueless about money management (hey, I am one too. So no offense :-)). They are going on expanding without caring too much for balance sheet. If the economy slows down, they could go for a toss like some of our retailers did: Subhiksha, Koutons, Vishal.

Servalakshmi has experienced management and paper industry tailwinds after International Papers deal is behind them. Precarious profit outlook for near future.

All in all, both are worth a punt / listing gains. Hence, my interest. However, I suspect the markets are going to get hammered in the next few days. So I am a bit worried about the listing scenario. While operators can keep the stocks up, a severely falling market will get both stocks to list below issue price.

Another big reason is I don't know how to stop payments in ASBA a few days later, in case I get more clues to the market sentiment by Monday. So the option would have been to issue cheques (physical application) blocking the money.

So I decided to skip both the issues. Hope, pray and wish those of you who invested make good money on respective listings.

Dear SK Dash,
Thanks. Ur reply will realy help.Will decide and apply through physical.

i m also thinking that....3 times in retail...

107-Sameerjaipur
Innovative- 0.85, 0.95, 1.08 (QIB, NII, RII at 1.00 PM)
Servalakshmi-0.21, 4.64, 0.68

QIB- the fig will be same in servalkshmi as in Innovative by the end of day.
NII-In servalakshmi- more individuals are applying in NII category, so as per me, it may fall down to a great extent if the individuals start off their selling (hope so by their nature)

Financials of Innovative is good and there is sound investment from all sectors, FII, corporates, individuals etc, so it wil be stable and i hope it will ensure capital protection.

Since the cut off time for SBI ASBA is 2.00 PM, i made up my mind to apply in innovative for some small lot and is missing servalakshmi.

Would it be better if experts said something clear before 2.00 pm, but the time will be over after 5 min.

All the best adn do pros and cons before investing.

I FEEL THE RETAIL WILL GET SUBSCRIBED BY 3X BY CLOSING TODAY.

Innovative 29.4.11-last day- At 1.00 PM
QIB-0.85 (FII-0.22, DII-0.55, MF-0.09)-closed
NII_0.95 (Corporate-0.53, Individual-0.42)
RII-1.08(Cut off-1.01, Bid-0.06)

Total-0.95

Dear IPO Investors,

I am going to apply for 10 Lots. Lets see what happens.

HNI=.88, Retailors=1.02 till 12.00 PM.
S K Daksh/outsider r u people still applying?

Dear Sreedhar Sir,

I agree 100% with what vasudev telling,

Mr.Sreedhar is 1000 or 1 lakh time better than what mr udyan mukharji and s.p.Tulsian telling.
I think nothing wrong with both of them they are working for FII profits only .those are the fools following them.

There is a rare case like omkar,where the failure taken place.Certainly there is something behind this price movement as going 1/5 and recovered 3 times from there.

Please leave dogs barkding when elephant moving.

Sreedhar,
U applied in Future Venture despite of poor QIB response.Why not here?(Assuming good HNI response).

Current GMP
No buyer in Innoventive and Servalakhmi

stay away from both