Innoventive Industries IPO : Sets IPO Price at lower end Rs 117

by khalid on 07/05/2011 · 0 comments

Pune based multi-product engineering company, Innoventive Industries Limited IPO which was in market between 26th Apr 2011 to 29th Apr 2011. The company has has set the issue price at lower end of price band of Rs 117- Rs 120 a share for its initial public offering due to very little response from investors.

IPO Detail:-
IPO Open : 26th Apr 2011 – 29th Apr 2011
IPO Type : 100% Book Built Issue IPO
IPO Size : 18,767,521 Equity Shares of Rs 10 each
IPO Size : Rs 219.58 Crore
Face Value : Rs 10 Per Equity Share
IPO Price : Rs 117 – Rs. 120 Per Equity Share
Minimum Bid Quantity : 50 Shares (Rs 6000 with 1 Lot) @ upper level of price band
Maximum Bid Quantity : 1650 Shares (Rs 198000 with 33 Lots ) @ upper level of price band
Listing At : BSE, NSE

The Book Running Lead Managers (BRLM) to the offer are Axis Bank Limited and Avendus Capital Private Limited.

Registrar of the Issue : Karvy Computershare Private Limited, Hyderabad.

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

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