IPO ALERT

Innoventive Industries Ltd
Price Band: Rs 117 to Rs 120
Issue Opens on: April 26, 2011 | Issue Closes on: April 29, 2011

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IPO  - ISSUE DETAILS Issue Opens: April 26, 2011 Issue Closes: April 29, 2011 Lot Size: 50 Shares & in multiples of 50 shares thereafter Price Band: Rs.117 - Rs.120 Issue size: Rs 219.58 crore

Issue Highlights (Source: BRLM/RHP)

Innoventive Industries Ltd is a multi-product engineering company engaged in the business of manufacturing and sale of precision steel tubes, tubular components, auto components, machined components and other steel products. Company's product used in different sectors such as transportation, oil & gas, power, farm equipments and general engineering.


The company intends to utilize the net proceeds of the IPO towards capacity expansion of its manufacturing facility located at Pimple Jagtap in Pune, repayment of term loans and general corporate purposes.