Innoventive Industries India Limited which had tapped the capital markets with its IPO which opened on Tuesday the 26th of April and closed on Thursday the 28th of April for QIB’s and on Friday the 29th of April for other bidders was fully subscribed. The price band was Rs 117-120 and the issue was to raise Rs 219.58 crs. The issue was subscribed 1.24 times.
The details of the subscription level in various categories are given below: -
| Category | Shares Offered | Shares Subscribed | Times |
| QIB | 9383760 | 7989500 | 0.85 |
| NII | 2815128 | 5475100 | 1.94 |
| Retail | 6568633 | 9720800 | 1.48 |
| Overall | 18767521 | 23185400 | 1.24 |
The company is a multiproduct engineering company and has raised money for expanding its existing capacity and also repaying a part of its existing term loans.
