Bookbuilding IPO | ₹82 Cr | Listed at BSE, NSE | Wed, Jul 20, 2011 - Fri, Jul 22, 2011
Inventure Growth IPO is a book build issue of ₹81.90 crores. The issue is entirely a fresh issue of 0.70 crore shares of ₹81.90 crore.
Inventure Growth IPO bidding started from Jul 20, 2011 and ended on Jul 22, 2011. The shares got listed on BSE, NSE on Aug 4, 2011.
Inventure Growth IPO price band is set at ₹117 per share. The lot size for an application is 50. The minimum amount of investment required by an retail is ₹5,850 (50 shares) (based on upper price). The lot size investment for sNII is 35 lots (1,750 shares), amounting to ₹2,04,750, and for bNII, it is 171 lots (8,550 shares), amounting to ₹10,00,350.
Intensive Fiscal Services Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Inventure Growth IPO RHP for detailed Information.
IPO Open
Wed, Jul 20, 2011
IPO Close
Fri, Jul 22, 2011
Issue Price
₹117 per share
Market Cap (Pre-IPO)
₹245.70 Cr
| IPO Date | 20 to 22 Jul, 2011 |
| Listed on | Thu, Aug 4, 2011 |
| Face Value | ₹10 per share |
| Price Band | ₹100 to ₹117 |
| Issue Price | ₹117 per share |
| Lot Size | 50 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 70,00,000 shares (agg. up to ₹82 Cr) |
| Fresh Issue | 70,00,000 shares (agg. up to ₹82 Cr) |
| Share Holding Pre Issue | 1,40,00,000 shares |
| Share Holding Post Issue | 2,10,00,000 shares |
| BSE Script Code / NSE Symbol | 533506 / INVENTURE |
| ISIN | INE878H01016 |
Inventure Growth IPO comprises a total issue size of 70,00,000 shares. Out of which, 35,00,000 (50.00%) are allocated to QIB, 10,50,000 (15.00%) allocated to NII 24,50,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 35,00,000 | 50.00% | NA |
| NII (HNI) Shares Offered | 10,50,000 | 15.00% | NA |
| Retail Shares Offered | 24,50,000 | 35.00% | 49,000 |
| Total Shares Offered | 70,00,000 | 100.00% |
Investors can bid for a minimum of 50 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 50 | ₹5,850 |
| Retail (Max) | 34 | 1,700 | ₹1,98,900 |
| S-HNI (Min) | 35 | 1,750 | ₹2,04,750 |
| S-HNI (Max) | 170 | 8,500 | ₹9,94,500 |
| B-HNI (Min) | 171 | 8,550 | ₹10,00,350 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Investment in subsidiary, IFPL | 30.00 |
| 2 | Augmenting Long Term Working Capital Requirement | 20.00 |
| 3 | General corporate purposes | 27.65 |
| KPI | |
|---|---|
| RoNW | 7.72% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 72.02% | 48.02% |
| Market Cap | ₹245.70 Cr. |
The Inventure Securities IPO is subscribed 4.58 times on July 22, 2011 5:00:00 PM (Day 3). 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)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 0.25 | 35,00,000 | |
| NII | 9.49 | 10,50,000 | |
| Retail | 8.66 | 24,50,000 | |
| Total | 4.58 | 70,00,000 |
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
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the Book Running Lead Manager | 1.43 |
| 2 | Advertising and marketing expenses | 0.19 |
| 3 | Fees payable to the Registrar to the Issue | 0.07 |
| 4 | Underwriting commission, brokerage and selling commission | 1.43 |
| 5 | IPO Grading expense | 0.04 |
| 6 | Others (legal fees, listing fees, monitoring agency fees, printing and stationery expenses etc.) | 1.09 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹117.00 | ₹117.00 |
| Open | ₹119.00 | ₹117.00 |
| Low | ₹91.55 | ₹91.20 |
| High | ₹225.00 | ₹225.00 |
| Last Trade | ₹207.95 | ₹206.75 |
Lead Manager Reports
Inventure Growth IPO is a main-board IPO of 70,00,000 equity shares of the face value of ₹10 aggregating up to ₹82 Crores. The issue is priced at ₹117 per share. The minimum order quantity is 50.
The IPO opens on Wed, Jul 20, 2011, and closes on Fri, Jul 22, 2011.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Inventure Growth IPO using UPI as a payment gateway. Zerodha customers can apply in Inventure Growth IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Inventure Growth IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Inventure Growth IPO opens on Wed, Jul 20, 2011 and closes on Fri, Jul 22, 2011.
Inventure Growth IPO lot size is 50, and the minimum amount required for application is ₹5,850.
You can apply in Inventure Growth IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Inventure Growth IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Inventure Growth IPO allotment status.
The Inventure Growth IPO listing date is on Thu, Aug 4, 2011.
