Innoventive Industries IPO : Sets IPO Price Band

by khalid on 21/04/2011 · 0 comments

Pune based multi-product engineering company, Innoventive Industries Limited IPO which is slated to come out with its IPO starting on 26th April 2011. The company has come out with the price band of its IPO today and fixed it at Rs 117 – Rs 120 per equity share. The company will issue 18,767,521 equity shares of Rs 10 each in the primary market.

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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