Innoventive Industries IPO : Settled at 20.00% discount on debut

by khalid on 14/05/2011 · 0 comments

Innoventive Industries Limited’s shares got debuted at Rs 111.95, a discount of 4.36% over its initial public offering (IPO) price of Rs 1117.00 on the National Stock Exchange (NSE). At the end of the day, shares price was Rs 94.05 which is a discount of huge 20.00% over the issue price of Rs 117.00. The stock hit a high of Rs. 114.00 and low of Rs. 86.25 on the listing day 13th May 2011. A total of 32,468,337 shares changed hands on the NSE. Innoventive Industries Limited 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.

Listing day Summary :-
Listing Date: 13th May 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

On the NSE:-
Issue Price: Rs. 117.00
Open : Rs. 111.95
High : Rs. 114.00
Low : Rs. 86.25
Close : Rs. 94.05
Last Trade : Rs. 94.05

Innoventive Industries Limited has raised Rs 219.58 crore through an initial public offering of 18,767,521 equity shares.

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

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