IPO

Innovative Tyres & Tubes Ltd IPO

NSE SME

Offer Date: Sep 22, 2017 - Sep 26, 2017

₹ 252000 /6000 Shares
*Min Investment

22 Sep, 2017

Open Date

26 Sep, 2017

Close Date

03 Oct, 2017

Allotment Date

05 Oct, 2017

Listing Date
IPO Issue Details
  • Issue Price Rs 42 - Rs 45 Per Equity Share 
  • Face Value Rs 10 Per Equity Share 
  • Issue Price 62,97,000 Equity Shares of Rs 10 aggregating up to Rs 28.34 Cr
  • Listing at NSE SME
  • Lead Manager PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED
  • Registrar Link Intime India Private Ltd
IPO Details
  • Retail Portion N/A
IPO Details


Innovative Tyres & Tubes Ltd IPO is an SME IPO, priced at Rs 42 - Rs 45 Per Equity Share . The equity shares have a face value of Rs 10 Per Equity Share  each and will be listed on the NSE SME platform.

The IPO bidding window is open from Sep 22, 2017 to Sep 26, 2017. The allotment is expected to be finalized on Oct 3, 2017, and the tentative listing date is Oct 5, 2017.


The registrar of the IPO is Link Intime India Private Ltd, and

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IPO Subscription Analysis And Details
Retail
14.36x
Total
8.02x
As on QIB / NII Retail Total
Shares Offered / Reserved 25,50,000 25,50,000 59,70,000
Day 1 22-09-17
1.28 x 0.57 x 0.82 x
Day 2 25-09-17
1.44 x 2.96 x 1.95 x
Day 3 26-09-17
4.12 x 14.36 x 8.02 x
Valuations
Earnings Per Share (EPS) Rs 2.27
P/E Ratio 19.82
RoNW 8.89%
Net Asset Value (NAV) Rs 39.22
IPO - Issue Objectives
1

Expansion of existing facility

2

Long term working capital requirement

3

General Corporate Purposes