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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.
The promoters of the company are:
1. Mr. Nagji K. Rita, aged 58 years, is the Executive Chairman and Managing Director of the Company
2. Ms. Jayshree N. Rita, aged 58 years
| Particulars | For the year/period ended (in Rs. Lakhs) | ||||
| 31-Mar-11 | 31-Mar-10 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | |
| Total Income | 3,495.87 | 3,969.80 | 2,435.21 | 4,691.68 | 3,026.05 |
| Profit After Tax (PAT) | 553.89 | 1,010.35 | 284.50 | 1,645.97 | 1,105.22 |
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.
| IPO Opening Date | Jul 20, 2011 |
| IPO Closing Date | Jul 22, 2011 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹100 to ₹117 per equity share |
| Market Lot | 50 Shares |
| Min Order Quantity | 50 Shares |
| Listing At | BSE, NSE |
| Issue Size | 7,000,000 Eq Shares of ₹10 (aggregating up to ₹81.90 Cr) |
The Inventure Securities IPO market lot size is 50 shares. A retail-individual investor can apply for up to 34 lots (1700 shares or ₹198,900).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 50 | ₹5,850 |
| Maximum | 34 | 1700 | ₹198,900 |
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
The Inventure Securities IPO is subscribed 4.58 times on Jul 22, 2011 17:00. The public issue subscribed 8.66 in the retail category, 0.25 in the QIB category, and 9.49 in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 0.25 |
| NII | 9.49 |
| RII | 8.66 |
| Total | 4.58 |
| Listing Date | Thursday, August 4, 2011 |
| BSE Script Code | 533506 |
| NSE Symbol | INVENTURE |
| Listing In | B Group of Securities |
| ISIN | INE878H01016 |
| IPO Price | ₹117 per equity share |
| Face Value | ₹10 per equity share |
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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
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: igsl.ipo@linkintime.co.in
Website: http://www.linkintime.co.in
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 equity share. The minimum order quantity is 50 Shares.
The IPO opens on Jul 20, 2011, and closes on Jul 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 Jul 20, 2011 and closes on Jul 22, 2011.
Inventure Securities IPO lot size is 50 Shares and the minimum order quantity is 50 Shares.
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, Edelweiss, 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.
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