Exchanges
BSE, NSE
Industry
Iron & Steel Products
Issue
Book building

Innoventive Industries IPO

₹94.05

−19.62% on listing

Listing-day close · NSE · 13 May 2011 · issue price ₹117

Innoventive Industries’ ₹217 crore IPO was priced at ₹117 a share. It listed on the NSE on 13 May 2011 and closed its first day at ₹94.05, down 19.62% on the issue price.

Timeline

  1. Opens
  2. Closes
  3. Allotment
  4. Listing

Issue details

Issue size
₹217 Cr
Fresh issue
₹217 Cr
Offer for sale
—
Lot size
50 shares
Minimum investment
₹5,850
Face value
₹10
Registrar
Kfin Technologies

Subscription

Innoventive Industries IPO subscription by investor category
CategoryShares offeredTimes subscribed
Total—1.01×

Overall, from the basis of allotment.

Financials and valuation

Market cap (post-issue)
₹698 Cr
Promoter holding
65.60% → 45.16%

From the offer documents.

Listing

Listing date
13 May 2011
Issue price
₹117
Open
₹111.95
High
₹114.00
Low
₹86.25
Close
₹94.05

Listing day on the NSE. The close was −19.62% on the issue price.

FAQs

When did the Innoventive Industries IPO open and close?

It opened on 26 Apr 2011 and closed on 29 Apr 2011.

What was the Innoventive Industries IPO price?

The price band was ₹117–120 a share. The final issue price was ₹117.

What is the lot size and minimum investment?

One lot is 50 shares, ₹5,850 at ₹117 a share. Retail investors apply in whole lots.

How much did Innoventive Industries raise?

₹217 crore: ₹217 crore of new shares.

How many times was the Innoventive Industries IPO subscribed?

1.01 times overall.

How did Innoventive Industries list?

It listed on the NSE on 13 May 2011 at ₹111.95 and closed the day at ₹94.05, down 19.62% on the ₹117 issue price.

Who is the registrar of the Innoventive Industries IPO?

Kfin Technologies handles the allotment, refunds and credit of shares.

For information only. Not investment advice or a research report.

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