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

Sep 22, 2017 - Sep 26, 2017

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.

Company Promoters:

The promoters of the company are:

1. Mukesh Desai
2. Pradeep Kothari

Objects of the Issue:

The objects of the Issue are:

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

Innovative Tyres IPO Details

IPO Opening DateSep 22, 2017
IPO Closing DateSep 26, 2017
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price₹42 to ₹45 per equity share
Market Lot3000 Shares
Min Order Quantity3000 Shares
Listing AtNSE SME
Issue Size6,297,000 Eq Shares of ₹10
(aggregating up to ₹28.34 Cr)

Innovative Tyres IPO Lot Size

The Innovative Tyres IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹135,000).

ApplicationLotsSharesAmount (Cut-off)
Minimum13000₹135,000
Maximum13000₹135,000

Innovative Tyres IPO Subscription Status (Bidding Detail)

The Innovative Tyres IPO is subscribed times on Sep 26, 2017 17:00. The public issue subscribed in the retail category, in the QIB category, and in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
Total

Innovative Tyres IPO Prospectus

Innovative Tyres IPO Rating

128
4.1
Rating:Rated 4.1 stars

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Innovative Tyres IPO Listing Date

Listing DateThursday, October 5, 2017
BSE Script Code
NSE SymbolINNOVATIVE
Listing In
ISININE070Y01015
IPO Price₹45 per equity share
Face Value₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
NSE SME
IPO Price:₹45.00
Open:₹54.00
Low:₹46.20
High:₹54.00
Last Trade:₹47.15
Volume:3,957,000

Innovative Tyres IPO Reviews / Ratings

Company Contact Information

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
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: itatl.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Innovative Tyres IPO FAQs

  1. What is Innovative Tyres IPO?

    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 equity share. The minimum order quantity is 3000 Shares.

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

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

  2. When Innovative Tyres IPO will open?

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

  3. What is the lot size of Innovative Tyres IPO?

    Innovative Tyres IPO lot size is 3000 Shares and the minimum order quantity is 3000 Shares.

  4. How to apply for Innovative Tyres IPO?

    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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

  5. When Innovative Tyres IPO allotment?

    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.

  6. When is Innovative Tyres IPO listing date?

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

Innovative Tyres IPO Message Board

Ranked Members  Ranked Members

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104. IPOGAINER |Nov 6, 2017 16:56
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 |Oct 26, 2017 22:36
Next MRF tyer Mark it buy it
102. DR. Bayer shah |Oct 25, 2017 14:39
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 |Oct 19, 2017 21:57
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 |Oct 12, 2017 23:58
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 |Oct 4, 2017 18:58
very nice co....for long time
99.1. DILIPKUMAR |Oct 4, 2017 19:43
how much time should we hold for better return should I exit on listing day after listing gain
99.2. Nareshkumar |Oct 11, 2017 21:23
Can I buy this company and hold for long time?@dubai ipo pls share ur view
98. dipandesai |Oct 6, 2017 08:33
Innovative Tyres Ke 1 Lot Mere Pass He.

Kya Karna Chahiye?
97. SecTheta |Oct 5, 2017 13:33
If you can hold this for 20 years, this will be the next MRF! :D
97.5. SecTheta |Oct 5, 2017 23:22
Replied as a new message... I am on mobile atm
97.6. SOUL |Oct 6, 2017 00:45
It will take 1000 years to become MRF.
96. SOUL |Sep 29, 2017 18:32
Allotment will be tonight, You can check here https://www.linkintime.co.in/PublicIssues/
96.4. Aggarwal Abhishek |Oct 5, 2017 15:21
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 |Oct 6, 2017 00:42
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 |Oct 5, 2017 23:20
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 |Oct 5, 2017 20:53
Hold or sell.?
93. IPOGAINER |Oct 5, 2017 20:29
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 |Oct 5, 2017 15:59
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 |Oct 5, 2017 19:38
Right
91. STOCKT |Oct 5, 2017 15:19
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 |Oct 5, 2017 18:25
True!
91.2. Umang & his ultrasonic uproar |Oct 5, 2017 18:55
@ 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 |Oct 5, 2017 14:17
Bad company
90.1. IPOGAINER |Oct 5, 2017 16:45
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 |Oct 3, 2017 20:47
has cadysis credited in anyone''s account ? my money has been debited but i cont see the shares in my account....
89.1. SOUL |Oct 3, 2017 23:16
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 |Oct 5, 2017 13:08
Yes Soul .I got it on 4th Oct in my demat . Thanks
88. DILIPKUMAR |Oct 5, 2017 10:59
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 |Oct 5, 2017 10:30
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 |Oct 5, 2017 10:48
should we book listing gain if any how much can we get any idea
86. lakshya agg |Oct 5, 2017 09:45
intraday allow in SM ?
85. Umang & his ultrasonic uproar |Oct 4, 2017 23:56
Tommorow 6 sme is getting listed. 3 on bse and other 3 on nse.
85.1. DILIPKUMAR |Oct 5, 2017 08:10
please guide me how much time should i hold this stock







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