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Innovative Tyres & Tubes Ltd IPO (Innovative Tyres IPO) Detail

September 22, 2017 - September 26, 2017

Innovative Tyres IPO is a book built issue of Rs 28.34 crores.

Innovative Tyres IPO bidding started from September 22, 2017 and ended on September 26, 2017. The shares got listed on NSE SME on October 5, 2017.

Innovative Tyres IPO price band is set at ₹42 to ₹45 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹135,000.

Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the Innovative Tyres IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Innovative Tyres IPO RHP for detailed information.

Innovative Tyres IPO Details

IPO Date September 22, 2017 to September 26, 2017
Listing Date October 5, 2017
Face Value ₹10 per share
Price Band ₹42 to ₹45 per share
Lot Size 3000 Shares
Total Issue Size6,297,000 shares
(aggregating up to ₹28.34 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME

Innovative Tyres IPO Lot Size

Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 3000 ₹135,000
Retail (Max) 1 3000 ₹135,000
Lot Size Calculator

About Innovative Tyres & Tubes Ltd

Incorporated in 1995, Innovative tyres & tubes ltd manufactures and sells bias tires in India. The company offers tires for motorcycles, scooters, three-wheelers, passenger vehicles, light-trucks, trucks, buses, and special purpose vehicles as well as tubes. They sell their products under the brand "Innovative".

Innovative's product range covers all highway sizes, Off The Road (OTR) highway sizes, agriculture and industrial tyres. They serves original equipment manufacturers. The company also exports its products to the Philippines, the United Arab Emirates, Peru, Latin America, etc.

Company's plant is located at Halol, in Gujarat. ITTL has strong business relationship with tyre major Ceat Ltd. Company is manufacturing all segments of Nylon Tyres. Company is catering to domestic markets/after sales market, OEMs and is also exporting its products.

Objects of the Issue (Innovative Tyres IPO Objectives)

The objects of the Issue are:

1. Expansion of existing facility;
2. Long term working capital requirement;
3. General Corporate Purposes.

Innovative Tyres IPO Review (Apply)

[Dilip Davda]  Considering fully priced issue, cash surplus investors may consider long term investment. Read detail review...


Innovative Tyres IPO Subscription Status (Bidding Detail)

The Innovative Tyres IPO is subscribed times on September 26, 2017 5:00:00 PM. The public issue subscribed times in the retail category, times in the QIB category, and times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Innovative Tyres IPO Prospectus

Innovative Tyres IPO Rating

128
4.1
Rating:Rated 4.1 stars
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Innovative Tyres IPO Listing Details

Listing Date October 5, 2017
BSE Script Code
NSE Symbol INNOVATIVE
ISIN INE070Y01015
Final Issue Price ₹45 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹45.00
₹54.00
₹46.20
₹54.00
₹47.15

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Innovative Tyres & Tubes Ltd Contact Details

Innovative Tyres & Tubes Ltd
1201, 1202, 1203 � GIDC Halol,
Panchmahals � 389350

Phone: +91 267 6220621
Email: investors@innovativetyres.co.in
Website: http://www.innovativetyres.com

Innovative Tyres IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: itatl.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html

Innovative Tyres IPO - Buy or Not

Innovative Tyres IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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Innovative Tyres IPO FAQs

Innovative Tyres IPO is a SME IPO of 6,297,000 equity shares of the face value of ₹10 aggregating up to ₹28.34 Crores. The issue is priced at ₹42 to ₹45 per share. The minimum order quantity is 3000 Shares.

The IPO opens on September 22, 2017, and closes on September 26, 2017.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

The Innovative Tyres IPO opens on September 22, 2017 and closes on September 26, 2017.

Innovative Tyres IPO lot size is 3000 Shares, and the minimum amount required is ₹135,000.

You can apply in Innovative Tyres IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Innovative Tyres IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Innovative Tyres IPO allotment status.

The Innovative Tyres IPO listing date is on October 5, 2017.
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Innovative Tyres IPO Message Board

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182 Comments

104. IPOGAINER |   Link |  Bookmark |November 6, 2017 4:56:51 PM
I have bought today another lot of innovative tyres. It is the another company waiting for upper move.. so keep investing and try to accumulate as much as for two months atleast...
It is the only company subscribed 12 times by employes and ipo is open for expansion... So keep investing...
103. IPO LEADER |   Link |  Bookmark |October 26, 2017 10:36:57 PM
IPO Mentor IPO Mentor (800+ Posts, 400+ Likes)
Next MRF tyer Mark it buy it
102. DR. Bayer shah |   Link |  Bookmark |October 25, 2017 2:39:19 PM
Dont know whats wrong no movement its just playing with us only 1 rs movement.
now i have doubt as all Sme all moving like anything ..............anybody have any idea.
101. IPOGAINER |   Link |  Bookmark |October 19, 2017 9:57:12 PM
It is good tyme to accumulate innovative.. it gives 20℅ of returns in the end of this month.. complete debt free company looking for bussniess expansion...
A great opportunity.. buy 2 lots at 46..????
100. IPOGAINER |   Link |  Bookmark |October 12, 2017 11:58:43 PM
I don''t why selling doesn''t occur in this strong profilled company.. A leading manufacturer of ceat tyres ... The prices hikes soon
99. Dubai ipo |   Link |  Bookmark |October 4, 2017 6:58:47 PM
very nice co....for long time
99.1. DILIPKUMAR |   Link |  Bookmark |October 4, 2017 7:43:25 PM
how much time should we hold for better return should I exit on listing day after listing gain
99.2. Nareshkumar |   Link |  Bookmark |October 11, 2017 9:23:30 PM
Can I buy this company and hold for long time?@dubai ipo pls share ur view
98. dipandesai |   Link |  Bookmark |October 6, 2017 8:33:21 AM
Innovative Tyres Ke 1 Lot Mere Pass He.

Kya Karna Chahiye?
97. SecTheta |   Link |  Bookmark |October 5, 2017 1:33:36 PM
If you can hold this for 20 years, this will be the next MRF! :D
97.5. SecTheta |   Link |  Bookmark |October 5, 2017 11:22:02 PM
Replied as a new message... I am on mobile atm
97.6. SOUL |   Link |  Bookmark |October 6, 2017 12:45:26 AM
It will take 1000 years to become MRF.
96. SOUL |   Link |  Bookmark |September 29, 2017 6:32:23 PM
Allotment will be tonight, You can check here https://www.linkintime.co.in/PublicIssues/
96.4. Aggarwal Abhishek |   Link |  Bookmark |October 5, 2017 3:21:48 PM
Sir
My broker is smc..
Amount deducted from my bank but share are not shown in dmat .. and i didn''t get any message from nsdl/cdsl...what to do..please guide...
96.5. SOUL |   Link |  Bookmark |October 6, 2017 12:42:39 AM
May be SMC will not support SME Platform. First make sure your Demat is with nsdl or cdsl. Max it will be cdsl. Register with cdsl on cdsl website you can check your demat holdings there. Ask your broker to place an order instead of you. Other wise transfer those shares to another Demat of yours or your family member. For ex: zerodha,hdfcsec etc., Will support.
95. SecTheta |   Link |  Bookmark |October 5, 2017 11:20:34 PM
I did and you could have noticed it as it has a ''launch'' sign at the end... But, if you check the CAGR and other financial parameters, you can easily figure out that it''s a MULTIBEGGER gem!
Approx 40% of NSE money volume was in trading of Innovative today... Approx 40% total shares of Innovative got delivered today so most of the retailers are out... It''s been standing SOLID and should give awesome returns in short as well as long term...
MRF has its own repo and fundamentals but INNOVATIVE also have EVERYTHING to become a leader in tyre industry... It''s the FIRST SME IPO in this industry...
Let''s hope every investors enjoys the profit..
Good night!
94. Nareshkumar |   Link |  Bookmark |October 5, 2017 8:53:50 PM
Hold or sell.?
93. IPOGAINER |   Link |  Bookmark |October 5, 2017 8:29:20 PM
Out of approx 62 lac share 37 lac shares are sold..
What a mistake by retailers... And all are bought above the price..
So wait it give huge response...
92. IPOGAINER |   Link |  Bookmark |October 5, 2017 3:59:42 PM
It is good ipo.. but the situation is spoiled by listing gain retailers...
It will give good gain if hold very under priced issue
92.1. KKmittal |   Link |  Bookmark |October 5, 2017 7:38:33 PM
Right
91. STOCKT |   Link |  Bookmark |October 5, 2017 3:19:11 PM
EVEN WITH HIGH SUBSCRIPTION ITS UP ONLY 4 PC.
EVEN THOUGH LOOK AT OTHER MIDCAPS,SMALL CAP THEY ARE UP MORE THAN 10 PC
MP TODAY WITH SO LESS SUBSCRIPTION IS UP MORE THAN 45 PC NOW.

DONT THINK HIGH SUBSCRIPTION IS A MATTER OF LISTING GAIN . ITS MORE TO DO WITH FUNDAMENTALS AND GROWTH

SHAREWAY INDIA,CADYS AND MP TODAY ARE PERFORMING WELL AS THEY WERE AVAILABLE AT SUCH CHEAP VALUE

I HAVE A FEELING THAT EVEN CMM INFRAPROJECTS WILL PERFORM BETTER THAN BETA DRUGS
91.1. SecTheta |   Link |  Bookmark |October 5, 2017 6:25:22 PM
True!
91.2. Umang & his ultrasonic uproar |   Link |  Bookmark |October 5, 2017 6:55:28 PM
@ STOCK T, RELIABLE DATA SUBSCRIBED ALMOST 46 TIMES, OFFERED AT 30 PE. NO VALUATION COMFORT AT ALL.
WHAT DO U THINK IT WILL LIST AT PREMIUM???
I THINK IT WILL, BECAUSE OF SPECULATIVE ACTIVITY.
EVEN MAINLINE IPO ARE OFFERED AT HEFTY VALUATION, THEN ALSO THEY LIST AT PREMIUM (RECENT EXAMPLE PRATAP SNACKS, ICICI LOMBARD & SBI LIFE).
I THINK THERE IS EUPHORIA OF IPO''S . AS LONG AS MUSIC PLAYS, PARTY WILL GO ON. . . . AFTER THAT GOD KNOWS WHAT WILL HAPPEN
90. Vipul IPO |   Link |  Bookmark |October 5, 2017 2:17:26 PM
Bad company
90.1. IPOGAINER |   Link |  Bookmark |October 5, 2017 4:45:04 PM
It is the good company....
We have to hold it... Kyunki now listing gain is over...hold for a month and see the gain...
89. Antonio Munia |   Link |  Bookmark |October 3, 2017 8:47:44 PM
has cadysis credited in anyone''s account ? my money has been debited but i cont see the shares in my account....
89.1. SOUL |   Link |  Bookmark |October 3, 2017 11:16:46 PM
What''s your broker? I think you have received a message from CDSL or NSDL that the shares have been credited to your demat, You can login to your DP and check, Most of the brokers will show on listing day in your holdings. If you''re not seeing at 9 AM tomorrow Contact your broker, Some brokers tell they won''t show in holdings if you want to sell then sell as NRML order, and you wont be on the short side. Hope You''ve got it.
89.2. Antonio Munia |   Link |  Bookmark |October 5, 2017 1:08:41 PM
Yes Soul .I got it on 4th Oct in my demat . Thanks
88. DILIPKUMAR |   Link |  Bookmark |October 5, 2017 10:59:32 AM
Innovative Tyres is the company..employee quota subscribed for 12 times...it is very worthy point and total issue got subscribed more than 10 times..SME ..first time 15 years ago Innovative Tyres are contract manufacturers for Ceat Secura type of tyres ..they manufacture for Ceat too some time mentioned in the prospectus Please note in the past there were many Software SMEs, Textiles SMEs, Packaging SMEs, Pharma SMEs ..but Tyre manufactring SME is very very rare and they need capital atleast 25 crs plus. For all certain done...It seems SME issue 10 times oversubscription and available at Rs 5 extra to offer Price Rs 45 and cmp Rs 49..will reward investors soon
87. R Sathyamurthy |   Link |  Bookmark |October 5, 2017 10:30:54 AM
I am a bit alarmed by seeing the promoter holding in the company which is below 25%. Just now downloaded the shareholding file from NSE. Is there any cause for concern from this?
87.1. DILIPKUMAR |   Link |  Bookmark |October 5, 2017 10:48:17 AM
should we book listing gain if any how much can we get any idea
86. lakshya agg |   Link |  Bookmark |October 5, 2017 9:45:18 AM
intraday allow in SM ?
85. Umang & his ultrasonic uproar |   Link |  Bookmark |October 4, 2017 11:56:30 PM
Tommorow 6 sme is getting listed. 3 on bse and other 3 on nse.
85.1. DILIPKUMAR |   Link |  Bookmark |October 5, 2017 8:10:47 AM
please guide me how much time should i hold this stock