Innoventive Industries IPO : Allotment Staus

by khalid on 01/05/2011 · 0 comments

Innoventive Industries Limited has entered the primary market with an Initial Public Offer (IPO) of 18,767,521 Equity Shares of Rs 10 each. The IPO was open on 26th Apr 2011 and got close for subscription on 29th Apr 2011. The premium of the issue will be decided through a 100% Book Building Process. The company is engaged in the business of manufacturing and sale of precision steel tubes, tubular components, auto components, machined components and other steel products. Its products meet stringent requirements of Surface Finish, Wall Thickness, Dimension Tolerance and Mechanical Properties required by discerning global customers.

Details of different category subscription is as follows……

Total Issue Size : Rs. 219.58 Crores
No. of times issue is subscribed : 1.24 Times
Qualified Institutional Buyers (QIBs) : 1.48 times
Non Institutional Investors : 1.94 times
Retail Individual Investors : 0.85 times
Overall : 1.24 times

Allotment Status of Innoventive Industries IPO is available at this time. IPO share allotment process usually takes two weeks from the date of issue closing date. It can be seen online in the following link :-
My allotment status

Stay tuned to BelltheBull Blog for more news on Innoventive Industries IPO !

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