Innoventive Industries IPO Latest News Today

Innoventive Industries IPO shares will list on Friday, May 13, 2011. Issue price of this IPO has been fixed at Rs 117/- per share. IPO was oversubscribed by 1.24 times (1.48 times in retail) on closing day.

Innoventive Industries IPO Listing Date & Detail:

Listing Date: Friday, May 13, 2011
BSE Scrip Code: 533402
NSE Symbol: INNOIND
Listing In: 'B' Group of Securities
ISIN: INE549I01011
Issue Price: Rs. 117.00 Per Equity Share
Face Value: Rs. 10.00 Per Equity Share

Innoventive Industries Ltd IPO subscribed 0.87 times on its final day. Innoventive Industries IPO was open on Apr 26, 2011 and was closed today for subscription. Innoventive Industries has received bids for 2,31,85,400 shares as against issue size of 1,87,67,521 shares. The public issue fully subscribed in retail and NII categories.

Final Over-subscription Detail:

Qualified Institutional Buyers (QIBs): 0.85 Times
Non Institutional Investors: 1.94 Times
Retail Individual Investors (RIIs): 1.48 Times

Total: 1.24 Times

Innoventive Industries Ltd IPO subscribed 0.87 times on its day 3. Innoventive Industries IPO was open on Apr 26, 2011 and will close tomorrow on Apr 29, 2011 for subscription. Innoventive Industries has received bids for 1,63,41,650 shares as against issue size of 1,87,67,521 shares.

Subscription Detail for Day 3

Qualified Institutional Buyers (QIBs): 0.85 Times
Non Institutional Investors: 0.80 Times
Retail Individual Investors (RIIs): 0.93 Times

Total: 0.87 Times

Innoventive Industries Ltd IPO subscribed 0.45 times on its day 2. Innoventive Industries IPO was open on Apr 26, 2011 and will close on Apr 29, 2011 for subscription. Innoventive Industries has received bids for 83,93,250 shares as against issue size of 1,87,67,521 shares.

Subscription Detail for Day 2

Qualified Institutional Buyers (QIBs): 0.36 Times
Non Institutional Investors: 0.21 Times
Retail Individual Investors (RIIs): 0.68 Times

Total: 0.45 Times

Innoventive Industries Ltd IPO subscribed 0.33 times on its day 1. Innoventive Industries IPO opens today on Apr 26, 2011 and will close on Apr 29, 2011 for subscription. Innoventive Industries has received bids for 61,62,300 shares as against issue size of 1,87,67,521 shares.

Subscription Detail for Day 1

Qualified Institutional Buyers (QIBs): 0.36 Times
Non Institutional Investors: 0.00 Times
Retail Individual Investors (RIIs): 0.43 Times

Total: 0.33 Times

Innoventive Industries fixes it's IPO price band at Rs 117/- at lower level and Rs 120/- at upper level. The issue of Innoventive Industriese IPO opens on Apr 26, 2011 and closes for subscription on Apr 29, 2011.

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. The equity shares of the issue are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Innoventive Industries Ltd is entering in the capital markets with an initial public offering, IPO of Rs 219.58 Crore. The price band for the issue has been fixed at Rs 117/- at lower level and Rs 120/- at upper level.

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.

The issue opens on Apr 26, 2011 and closes for subscription on Apr 29, 2011. The equity shares of the issue are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).