Pune based multi-product engineering company, Innoventive Industries Limited has informed the share market (BSE/NSE) that they have planning to enter capital markets with its initial public offering (IPO) of —- equity shares of Rs 10 each for cash constituting Rs 219.58 crore. The company has filed a Draft Red Herring Prospectus (DRHP) on 29th Sep 2010 with market regulator Securities and Exchange Board of India (SEBI). The premium to be decided via 100% book building process. Innoventive 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.
The Equity Shares are proposed to be listed on the Bombay Stock Exchange Limited (BSE) and the National Stock Exchange of India Limited (NSE).
DRHP (Draft Prospectus) filed by Innoventive Industries Limited with SEBI can be seen HERE.
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