Innoventive Industries Limited who had tapped the capital markets with its IPO which hadopened on Tuesday the 26th of April for all bidders. The issue closed yesterday the 28th of April for QIB bidders.

The QIB portion was marginally undersubscribed and received subscription for 85% of the reservation for QIB’s. The reservation for QIB’s was 93,83,760 shares and subscription was 79,89,500 shares. The price band was Rs 117-120. Standard Chartered is a pre-IPO investor and was allotted 26 lakh shares at Rs 117 per share.

With one more day to go, the overall subscription to the issue is 87% with bids having been received for 1,63,41,650 equity shares against the offer size of 1,87,67,521 equity shares.