Innovative Tyres & Tubes Ltd IPO
Innovative tyres & tubes ltd manufacture and sell 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 serve 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 Hall, in Gujarat. ITTL has a strong business relationship with tyre major Ceat Ltd. The company is manufacturing all segments of Nylon Tyres. The company is catering to domestic markets/after-sales market, OEMs and is also exporting its products.
Objects of the Innovative Tyres & Tubes Ltd IPO:
Innovative Tyres & Tubes Ltd IPO Details:
|Open Date:||Sep 22 2017|
|Close Date:||Sep 26 2017|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Book Built Issue IPO|
|Issue Size:||28.34 Cr.|
|Lot Size:||3000 Shares|
|Issue Price:||₹ 42-45 Per Equity Share|
|Listing At:||NSE Emerge|
|Listing Date:||Oct 05 2017|