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Inventure Growth & Securities Ltd IPO (Inventure Securities IPO) Detail

July 20, 2011 - July 22, 2011

Inventure Securities IPO is a book built issue of Rs 81.90 crores.

Inventure Securities IPO bidding started from July 20, 2011 and ended on July 22, 2011. The shares got listed on BSE, NSE on August 4, 2011.

Inventure Securities IPO price band is set at ₹100 to ₹117 per share. The minimum lot size for an application is 50 Shares. The minimum amount of investment required by retail investors is ₹5,850.

Intensive Fiscal Services Private Limited is the book running lead manager of the Inventure Securities IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Inventure Securities IPO RHP for detailed information.

Inventure Securities IPO Details

IPO Date July 20, 2011 to July 22, 2011
Listing Date August 4, 2011
Face Value ₹10 per share
Price Band ₹100 to ₹117 per share
Lot Size 50 Shares
Total Issue Size7,000,000 shares
(aggregating up to ₹81.90 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Inventure Securities IPO Reservation

Inventure Securities IPO offers 7,000,000 shares. 3,500,000 (50.00%) to QIB, 1,050,000 (15.00%) to NII, 2,450,000 (35.00%) to RII. 49,000 RIIs will receive minimum 50 shares and (sNII) and (bNII) will receive minimum 1,750 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered3,500,000 (50.00%)NA
NII (HNI) Shares Offered1,050,000 (15.00%)
Retail Shares Offered2,450,000 (35.00%)49,000
Total Shares Offered7,000,000 (100%)

Inventure Securities IPO Lot Size

Investors can bid for a minimum of 50 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 50 ₹5,850
Retail (Max) 34 1700 ₹198,900
Lot Size Calculator

About Inventure Growth & Securities Ltd

Incorporated in 1995, Inventure Growth and Securities Ltd (IGSL) is a flagship Company of Inventure Group. They offer trading services in equity cash and derivatives market, debt market, commodities and currency futures segment to financing activity, wealth management, and distributions of financial product.

IGSL is providing advisory and innovatively structured financial solutions in the area of fund raising, infrastructure development, government borrowing, corporate restructuring and money market intermediation. At the retail level, Inventure provides investment advisory service and distributes financial products like mutual funds, insurance products, etc. IGSL's client includes institutional clients, high net worth individuals and retail investors. Inventure operates through 224 business locations including branches, franchisees (Remisiers and Authorised Person) and sub-brokers located across India.

Company Financials

ParticularsFor the year/period ended (in Rs. Lakhs)
31-Mar-1131-Mar-1031-Mar-0931-Mar-0831-Mar-07
Total Income3,495.873,969.802,435.214,691.683,026.05
Profit After Tax (PAT)553.891,010.35284.501,645.971,105.22

Objects of the Issue (Inventure Securities IPO Objectives)

The objects of this Issue are to:

1. Investment in our subsidiary, Inventure Finance Pvt Ltd;
2. Augmenting Long Term Working Capital Requirement;
3. General corporate purposes; and
4. Public issue expenses.


Inventure Securities IPO Subscription Status (Bidding Detail)

The Inventure Securities IPO is subscribed 4.58 times on July 22, 2011 5:00:00 PM. The public issue subscribed 8.66 times in the retail category, 0.25 times in the QIB category, and 9.49 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB0.25
NII9.49
Retail8.66
Total4.58

Inventure Growth and Securities Ltd IPO Grading

Fitch / ICRA has assigned an IPO Grade 2 to Inventure Growth and Securities IPO. This means as per Fitch / ICRA, company has 'Below Average Fundamentals'. Fitch / ICRA assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Read Inventure Growth and Securities IPO Report

Inventure Securities IPO Prospectus

Inventure Securities IPO Rating

142
3.6
Rating:Rated 3.6 stars
Vote Here ...

Inventure Securities IPO Listing Details

Listing Date August 4, 2011
BSE Script Code 533506
NSE Symbol INVENTURE
ISIN INE878H01016
Final Issue Price ₹117 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹117.00
₹119.00
₹91.55
₹225.00
₹207.95
NSE
₹117.00
₹117.00
₹91.20
₹225.00
₹206.75

Check IPO Performance…

Inventure Growth & Securities Ltd Contact Details

Inventure Growth & Securities Ltd
Viraj Towers, 201, 2nd Floo,
Near Landmark, Western Express Highway
Andheri (E), Mumbai � 400 069, Maharashtra
Phone: +91 22 3954 8500
Email: ipo@inventuregrowth.com
Website: http://www.inventuregrowth.com

Inventure Securities IPO Registrar

Link Intime India Private Ltd

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

Inventure Securities IPO - Buy or Not

Inventure Securities IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 2
Members 0 0 0

Read All Reviews Post Your Review Manage Reviews

Inventure Securities IPO FAQs

Inventure Securities IPO is a main-board IPO of 7,000,000 equity shares of the face value of ₹10 aggregating up to ₹81.90 Crores. The issue is priced at ₹100 to ₹117 per share. The minimum order quantity is 50 Shares.

The IPO opens on July 20, 2011, and closes on July 22, 2011.

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

The Inventure Securities IPO opens on July 20, 2011 and closes on July 22, 2011.

Inventure Securities IPO lot size is 50 Shares, and the minimum amount required is ₹5,850.

You can apply in Inventure Securities 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 Inventure Securities IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Inventure Securities IPO allotment status.

The Inventure Securities IPO listing date is on August 4, 2011.
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Inventure Securities IPO Message Board

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178 Comments

178. Ravi, Bangalore |   Link |  Bookmark |August 17, 2011 4:47:18 PM (300+ Posts)
178. SONMAYA

I have already booked profit at 245 (read Post # 176). I will look for opportunity to re-enter.

Fear & greed are the enemy for traders. Traders should not fear as long as they stick to their pre-determined stop-loss & target.
177. SONMAYA |   Link |  Bookmark |August 16, 2011 6:09:52 PM
IPO Guru IPO Guru (1300+ Posts, 500+ Likes)
ravi,be careful while trading in this ipo
176. Ravi, Bangalore |   Link |  Bookmark |August 16, 2011 4:14:15 PM (300+ Posts)
Inventure 230

As already indicated, I bought @ 185 & holding still. It moved as per my expecation. I will trail my stop-loss when it moves beyond 250.
175. Ravi, Bangalore |   Link |  Bookmark |August 13, 2011 1:20:31 PM (300+ Posts)
Inventure 193

I will buy this in case it falls further, probably around 180-185 with a stop at 160. If stop-loss holds, it could rise to 245, 300 or even 380+.

My medium-term target is 36 or even below Rs.10.
174. prakash kundur |   Link |  Bookmark |August 11, 2011 1:39:27 PM
Hi Ravi,
I sincerely appreciate and thank you for the forthright suggestion.

As you have mentioned, it is a large IPO and not easily amenable to manipulation like Inventure or the other recent IPOs.
The global uncertainty is not giving much of confidence to anybody.
The only hope is the brand name.

We will keep our fingers crossed and hope for the best.
173. Ravi, Bangalore |   Link |  Bookmark |August 11, 2011 11:07:34 AM (300+ Posts)
173. prakash kundur

It is a big issue. If it breaks Day's Open Price / Issue Price, by default my suggestion is to exit even at loss at the first opportunity.

If it opens well & trades above issue price or Day's Open Price, you can hold with a stop-loss below Day's Open Price or Rs.2 - Rs.3 below issue price.

It is a large issue, if breaks issue price, 90% chance is investors will loose in short-term.
172. prakash kundur |   Link |  Bookmark |August 11, 2011 10:05:05 AM
Hi Ravi,

Thanks for the detailed strategy.Much appreciated.
It would be foolish to expect 100% or even anything above 70% success rate.

Also shed some light on how should an IPO allottee go about.
Say for instance L&T holdings.An allotment of 1077*2 folios(different names) under shareholders category.
What is the best strategy to follow.
When should one start unloading
500 shares can be held for long term.Rest to be sold.

Please give us your thoughts on the strategy to ba adopted.

171. Ravi, Bangalore |   Link |  Bookmark |August 10, 2011 4:30:58 PM (300+ Posts)
170. prakash kundur

Scenario 4

Stock drops to 90. Again retrces 100, goes up to 120 & then breaches 100. In this case, never hesitate to go short.

Trailing stop-loss is always important.
170. Ravi, Bangalore |   Link |  Bookmark |August 10, 2011 4:15:01 PM (300+ Posts)
170. prakash kundur

Keep a simple strategy.

Assume that a junk company comes-out with IPO for Rs.100.

Scenario 1

1. It will break Day's "Open Price" or "Issue Price".

In this case, by default, you should go short with a stop-loss of 105 (assuming that "Open Price" or "Issue Price" is 100).

If the stock makes a low of 90 & trades above low of 90 (assume that 94, 95 etc.) for more than one hour, simply cover your shorts.

Scenario 2

If the stock is making new lows every two hours, trail your stop-loss. If the stock is trading at 90 at 11:00 a.m. & prevailing market price is 80, then your stop-loss should be 90.

If the prevailing market price of stock is 70 at 1:00 p.m. & if it was trading at 80 at 12:00 p.m. then, keep a stop-loss of 70.

You never know the top or bottom of junk stocks. Trailing stop-loss is very important.

Scenario 3

If the stock retraces a issue price of 100 (or crosses issue price or Day's Open Price), then buy at 102 (assuming that issue price or Day's Open Price is 100). Your stop-loss should be 95. Your risk is Rs.7. Considering the risk of Rs.7, you should decide the quantity to buy.

For traders, money management is important. If you have some planning to trade, out of 10 trades you make in five & lose in five. When you make, you profit Rs.100, & when your analysis does not work, you could loose Rs.50. At the end of 10 trades, you should be able to make Rs.50.

Don't expect 100% success rate. Trading is a probability. Studying the psychology of other players is important. When chart shows a stop-loss of 100, 90% chance is it will hit! You should be able to decide upon psychological stop-loss after considering chart stop-loss.
169. prakash kundur |   Link |  Bookmark |August 10, 2011 10:52:32 AM
Hi Ravi.

Welcome back.

You are so right with the change in strategy for opening day.

Inventure has been such a revelation.It does not fundamentally deserve the price at which it is quoting now or even the issue price.
On the listing day once it started coming down, everyone thought that the game is over and started shorting.
Did they get a thrashing,Oh my God.What an upmove.
Next day it hit the 20% upper circuit again catching all the shorters off guard.
Even today it is holding its head high.But it cannot remain at that level for long.It has to fall and it will fall badly bruising so many on the way.

But the point is what will the IPO applicants do in such a topsy-turvy situation??

If you sell the allotted shares it may be too early even at a loss or if you hold on for long on the opening day it can crash further and entail deeper losses.

With your vast trading exposure,technical analysis skills,market knowledge,human behaviour etc and even common sense(which is not so common,to mention the cliche)please come out with a strategy.Of course we will not hold you responsible if the strategy does not work.
It is our mental frame of mind,our guts and our shares(money) that we are playing with.If we make money as is obvious you wont even get a single rupee.
If the strategy works kudos to you and you can have the satisfaction of being one up on the game.
This is like a game of chess or catch up.Sine you are from Bangalore you will understand the 'Kalla-Police','Haavu Mungasi' etc.
As seen there is good money to be made or lost in IPO listing day fireworks.
Do put on your thinking cap and come up with a workable strategy.

Look forward to you being active in the discussions again.More so with a ?mark with Sreedhar.

But How is the question??
168. Ravi, Bangalore |   Link |  Bookmark |August 9, 2011 6:42:18 PM (300+ Posts)
152. SkDash, 158. KK Natarajan, 160. Durai Raj,Tirupur

Operators game has changed recently.

1. Till 12:30 p.m. juck stocks breach issue price. Chart stop-loss will hit & people will go short.

To counter this, we should know what is chart stop-loss & where to put psychological stop-loss.

By default, we should short with stop-loss. If stop-loss hits, wait for right opportunity.

2. Then, it will recover & crosses issue price.

It is impossible to buy at low. But, when we know that selling pressure is absorbed, then we should buy at little bit high with psychological stop-loss (skill is identifying between chart stop-loss & psychological stop-loss & knowing when selling pressure absorbed.

3. After step # 2, trial your stop-loss as it passes each resistance level. When it crosses resistance # 3, profit is huge!

This has happened in BGlobal & Inventure. Probably, this will happen in future juck issues.

Highlight of my observation is mostly issue price will breach so that Operators will collect shares from retailers.
167. Sreedhar |   Link |  Bookmark |August 9, 2011 12:06:32 AM (900+ Posts)
307. Anonymous Sep 25, 2010 1:20:24 PM IST | Like | Report Abuse

Anonymous's - IPO Recommendations, IPO Comments, Public Profile

BREAKING NEWS - RAMKY INFRA IPO FIXED AT 450 RS LOWER THAN 18 RS FROM 468 PRICE.

GOOD GESTURE ON PART OF PROMOTERS AS THE IPO WAS OVERSUBSCRIBED EVEN AT 468 RS.

IMPLIES RAMKY IPO WILL GIVE THE BEST RETURN AS RETAIL ALLOTMENT WAS FIRM

---
RAMKY Like L&T has given great discount from 468 to 450.Such shareholder friendly after keeping the valuation high
166. prakash kundur |   Link |  Bookmark |August 8, 2011 10:28:28 AM
Hi all,
What a stock!!
If someone thought they could short sell expecting a 20% downward freeze they are caught again.When the whole stock market is reeling, our stock merrily goes up by 9%!
Do you need any better example than this to show how small fry can get caught by unknown gale forces.What an operator??
HATS OFF TO HIM.LONG LIVE THEIR TRIBE.
165. sameerjaipur |   Link |  Bookmark |August 6, 2011 1:09:07 PM
KK Natrajan,
Agreed with u.Keep it in mind next time. BTW did u apply?
164. Raghu bhai |   Link |  Bookmark |August 6, 2011 12:00:32 PM
Sell sell n sell it at every price it will 125 on21aug
163. KK Natarajan |   Link |  Bookmark |August 6, 2011 5:44:27 AM (500+ Posts)
sameerjaipur,
For new issues such as this the stop loss band should be broad. Otherwise it will skip your stop loss. Imagine what would have happened if it skipped stop loss and went down more.
If you had noticed that skip when it was at 220 plus levels it would have been a lottery!
162. sameerjaipur |   Link |  Bookmark |August 5, 2011 12:38:45 PM
Friends,
I closed my position at 110 yesterday.I put stop loss at 114 but somehow it skipped my stoploss (according to my broker) and gave me additional 4 Rs loss.
161. gundu anna |   Link |  Bookmark |August 5, 2011 6:51:52 AM (500+ Posts, 100+ Likes)
Suggested to stay baway from this third class issue.
160. santonu |   Link |  Bookmark |August 4, 2011 7:36:12 PM (200+ Posts)
Some body has to guide how to control onelf on listing day.what r dos and donot dos on listing day.
159. Durai Raj,Tirupur |   Link |  Bookmark |August 4, 2011 7:26:01 PM (300+ Posts)
Dear Ravi,Banglore,

Were you have gone for A long time...?
Anyway happy to see your presence...