Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
|
|
Innovative Tyres IPO is a book built issue of Rs 28.34 crores.
Innovative Tyres IPO bidding started from September 22, 2017 and ended on September 26, 2017. The shares got listed on NSE SME on October 5, 2017.
Innovative Tyres IPO price band is set at ₹42 to ₹45 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹135,000.
Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the Innovative Tyres IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Innovative Tyres IPO RHP for detailed information.
| IPO Date | September 22, 2017 to September 26, 2017 |
| Listing Date | October 5, 2017 |
| Face Value | ₹10 per share |
| Price Band | ₹42 to ₹45 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 6,297,000 shares (aggregating up to ₹28.34 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 11,694,561 |
| Share holding post issue | 17,991,561 |
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹135,000 |
| Retail (Max) | 1 | 3000 | ₹135,000 |
| Lot Size Calculator | |||
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.
The objects of the Issue are:
1. Expansion of existing facility;
2. Long term working capital requirement;
3. General Corporate Purposes.
[Dilip Davda] Considering fully priced issue, cash surplus investors may consider long term investment. Read detail review...
The Innovative Tyres IPO is subscribed times on September 26, 2017 5:00:00 PM. The public issue subscribed times in the retail category, times in the QIB category, and times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
| Listing Date | October 5, 2017 |
| BSE Script Code | |
| NSE Symbol | INNOVATIVE |
| ISIN | INE070Y01015 |
| Final Issue Price | ₹45 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹45.00 |
| ₹54.00 |
| ₹46.20 |
| ₹54.00 |
| ₹47.15 |
Innovative Tyres & Tubes Ltd
1201, 1202, 1203 – GIDC Halol,
Panchmahals – 389350
Phone: +91 267 6220621
Email: investors@innovativetyres.co.in
Website: http://www.innovativetyres.com
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: itatl.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
SME Company Owners
We could help you get listed on the stock market.
Check our SME IPO Guide 
Innovative Tyres IPO is a SME IPO of 6,297,000 equity shares of the face value of ₹10 aggregating up to ₹28.34 Crores. The issue is priced at ₹42 to ₹45 per share. The minimum order quantity is 3000 Shares.
The IPO opens on September 22, 2017, and closes on September 26, 2017.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Innovative Tyres IPO opens on September 22, 2017 and closes on September 26, 2017.
Innovative Tyres IPO lot size is 3000 Shares, and the minimum amount required is ₹135,000.
You can apply in Innovative Tyres IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Innovative Tyres IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Innovative Tyres IPO allotment status.
Useful Articles
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
|
|
RHP
IPO Mentor (800+ Posts, 400+ Likes)
It is the only company subscribed 12 times by employes and ipo is open for expansion... So keep investing...