Innoventive Industries Ltd is entering in the capital markets with an initial public offering, IPO of Rs 219.58 Crore. The issue opens on Apr 26, 2011 and closes for subscription on Apr 29, 2011.
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 price band for the issue has not been fixed yet. The equity shares of the issue are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
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