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Open
22 Sep 2017
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Close
26 Sep 2017
3
Allotment
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Listing
Thu, Oct 5, 2017
Price Band
₹42 to ₹45
Issue Size
62,97,000 shares (agg. up to ₹28 Cr)
Lot Size
3,000 Shares
Listing Date
Thu, Oct 5, 2017
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 7.62x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2017 | 31 Mar 2016 | 31 Mar 2015 |
|---|---|---|---|
| Assets | 131.38 | 125.59 | 135.88 |
| Total Income | 132.54 | 125.90 | 130.52 |
| Profit After Tax | 4.08 | 1.89 | 4.12 |
| NET Worth | 45.87 | 37.93 | 32.29 |
| Reserves and Surplus | 28.92 | 24.84 | 22.95 |
| Total Borrowing | 19.28 | 17.06 | 18.95 |
| Amount in ₹ Crore |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Expansion of existing facility | 17.00 |
| 2 | Long term working capital requirements | 4.00 |
| 3 | General Corporate Purpose | 4.84 |
About Innovative Tyres IPO
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.+ Read More
Contact Details
Innovative Tyres & Tubes Ltd. Address1201, 12021203, GIDC HalolPanch Mahals, Gujarat, 389350+91 267 6220621investors@innovativetyres.co.inVisit Website