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IPO

IPO Details


Innovative Tyres & Tubes Ltd
Registered Office: 1201 1202 1203 GIDC Halol, , panchmahal - 389350, Gujarat
Phone: 91-267-6220621
Email: investors@innovativetyres.co.in
Website: www.innovativetyres.com
Initial public offer consisting of fresh issue of 62,97,000 equity shares of face value of Rs. 10/- each fully paid for cash at a price of Rs. 45 per equity share (the issue price) (including a share premium of Rs. 35 per equity share) aggregating Rs. 28.34 crores (the issue), of which 3,27,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 45/- per equity share, aggregating Rs. 1.47 crores will be reserved for subscription by the market maker to the issue (the market maker reservation portion) and 8,70,000 equity shares of Rs. 10/- each for cash at price of Rs. 45 per equity share aggregating Rs. 3.92 crores will be reserved for subscription by eligible employees (the employees reservation portion). The issue less market maker reservation portion and employees reservation portion i.e. Issue of 51,00,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 45/- per equity share, aggregating Rs. 22.95 crores is hereinafter refered to as the net issue. The issue and the net issue will constitute 35% and 28.35% respectively of the fully diluted post issue paid up equity share capital of the company. The Face value of the equity share is Rs. 10/- each. The issue price is Rs.45/- and is 4.5 times the face value of the equity shares.
Issue Money Payable On
Opens On Closes On Application Allotment
22-Sep-2017 26-Sep-2017 ₹ 45.00 ₹ 0.00
Minimum Application for shares in Nos : 3000 Further Multiples of : 3000
(₹)Cr. Lead Managers to the Issue
Project Cost 28.34 Pantomath Capital Advisors Pvt Ltd
Project Financed through Current Offer 28.34
Post Issue Equity Share Capital 17.99
Issue Price ₹45.00
Projects
Expansion of existing facility
General corporate purposes
Promoted By
Mukesh Desai
Pradeep Kothari
Listing At
NSE - SME
Registrar to the Issue
Link Intime India Pvt Ltd

INDIAN INDICES

Sensex

84,544.31 1,359.51 (1.63%)

Nifty

25,790.95 375.15 (1.48%)

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