Innovative tyres IPO is about to debut on 22 September 2017, with an issue size of 28.34CR. Established in 1995, Innovative Tyres & Tubes Ltd is a manufacturer and seller of bias tires in India. The company provides a comprehensive range of tires and tubes for various modes of transportation such as motorcycles, scooters, three-wheelers, passenger vehicles, light trucks, trucks, buses, and special purpose vehicles under their brand name “Innovative”. The company’s product line includes highway sizes, Off The Road (OTR) highway sizes, agriculture, and industrial tyres, and they also cater to original equipment manufacturers.
In addition, the company has a strong business relationship with major tyre manufacturer Ceat Ltd and operates a manufacturing plant located in Halol, Gujarat, producing all segments of Nylon Tyres. Innovative Tyres & Tubes Ltd serves domestic markets, after-sales markets, OEMs, and exports its products to various countries such as the Philippines, the United Arab Emirates, Peru, Latin America, and more.
Industry Overview
The Indian economy has made progress in restoring macroeconomic stability, which has been sustained. Real GDP growth during the first half of the year was 7.2 percent, slightly lower than the projected range of 7.0-7.75 percent in the Economic Survey 2015-16 and lower than the 7.6 percent recorded in the second half of the previous year. The decline in fixed investment was a major issue as companies struggled with stressed balance sheets, impacting their spending plans. However, the economy received a boost from government consumption due to the implementation of the 7th Pay Commission salary recommendations, and an export recovery began as demand increased in advanced countries. Nominal GDP growth rebounded to healthy levels, reversing the worrisome dip that had occurred in the first half of the previous year.
Innovative Tyres IPO Details
| IPO Date | Sep 22, 2017 to Sep 26, 2017 |
| Listing Date | Oct 5, 2017 |
| Face Value | ₹10 per share |
| Price | ₹42 to ₹45 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 6,297,000 shares(aggregating up to ₹28.34 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
Company Financials
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | ||
| Total revenue | 103.0 | 126.6 | 130.5 | 125.9 | 132.5 | |
| Total expenses | 100.8 | 123.2 | 125.8 | 121.7 | 126.4 | |
| Profit after tax | 0.8 | 2.3 | 4.1 | 1.9 | 4.1 |
Objects of the Issue
The objects of the Issue are:
1. Expansion of existing facility;
2. Long term working capital requirement;
3. General Corporate Purposes.
Innovative Tyres IPO Prospectus
Company Contact Information
Innovative Tyres & Tubes Ltd
1201, 1202, 1203 � GIDC Halol,
Panchmahals � 389350
Phone: +91 267 6220621
Email: investors@innovativetyres.co.in
Website: http://www.innovativetyres.com
Innovative Tyres IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: itatl.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Innovative Tyres IPO Lead Manager(s)
- Pantomath Capital Advisors Pvt Ltd (Past IPO Performance)
