The Innoventive Industries Company from Pune which operates in the multi-product engineering sector, has come out with its IPO or Initial Public Offering or IPO which has opened today.
In this article, we will look at the Review, Analysis and Details of the Innoventive Industries IPO.
Innoventive Industries IPO: Review Analysis & Details
Some basic details first about the Innoventive Industries IPO, which are available as of now:
- The size of Innoventive Industries IPO is around 220 Crore Rs. INR
- The company is in the business of multi-product engineering. It manufactures various engineering products like auto components, steel tubes, etc which are used in a variety of different industries
- The company has 6 different manufacturing units spread in Pune and Silvassa
- The company not only has market in India, but also supplies internationally through exports. It has a strong large client base of around 700+ clients which indicates its good business position
What are the primary reasons for Innoventive Industries to come out with the Innoventive Industries IPO?
The main reason for any company to come out with an IPO is to collect money from the public through the standard process of listing on stock exchanges.
The Innoventive Industries IPO is expected to collect around 220 Crore Rs.
What is the issue size of the Innoventive Industries IPO?
Around 220 Crore Rs is the size of the Innoventive Industries IPO.
What is the price band of Innoventive Industries IPO?
The price band for Innoventive Industries IPO is Rs. 117 to 120 per share.
How many shares will be sold in the Innoventive Industries IPO?
The total no. of shares to be sold through this IPO is not known.
What are the IPO dates for Innoventive Industries IPO
The IPO dates for Innoventive Industries IPO are from 26th April 2011 to 29 April 2011
How will the capital raised by Innoventive Industries IPO be used?
The capital raised through this IPO will be used for 3 primary reasons:
- Further expansion of business, production and manufacturing capacity
- General Expenditure
- Repayment of Loans
Other Current IPO's: Future Ventures IPO
Any ratings given to Innoventive Industries IPO?
No info about that as of now - will be updated once we have the details.
What are the analysts recommendations and business results for Innoventive Industries IPO?
Most of the analysts and market experts believe that this will be a long term hold. The business area this company is in is expected to grow steadily. The company fundamentals as reflected by its financial results show a good picture.
In the past year's first nine months, the company reported a total revenue of Rs 457.02 crores and net profit after tax of Rs 36.92 crores INR.
Compared to its closest peer like Tube Investments, Innoventive Industries at its upper price band is quoted to be 11x the FY11 earnings, while Tube Investments is currently at 17x. This might look like a good opportunity through this IPO.
The only concern is that this IPO from Innoventive Industries is open in parallel to that of the Future Ventures IPO (See Details). This might cause the Innoventive Industries IPO to receive a less than expected response.
However, these are market speculations and market works in its own ways - investors need to weigh their pros and cons as per their investment needs and risk appettite.
Axis Bank and Avendus Capital are BRLM Book Running Lead Managers to the issue
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