Market & News

Registered Office: E-202 2ndFlr Nr OshiwaraGarden,Off Ajit Glass Road Goregaon-W, Mumbai - 400104, Maharashtra, India.
Phone : 91-22-6739 2121/2678 1173   Fax:
Email :  investors@innovative.in  
Website :  www.innovative.in

Initial public offer consisting of fresh issue of 30.66,000 equity shares of face value of Rs.10/- lach fully Paid for cash at a price of Rs. 40 per equity share (the "issue price") (including a share premium of Rs. 30 per equity share) aggregating to Rs.12.26 Crores (the "issue"), of which 1,56,000 equity' shares of face value of Rs.10/- each for cash at a price of Rs. 40/- per equity' share, aggregating Rs. 0.62 Crores well be reserved for subscription by the market maker to the issue (the "market maker reservation portion"). The issue less market maker reservation portion le. Issue of 29,10,000 equity' shares of face value of Rs.10 - each for cash at a price of Rs. 40/- per equity' share, aggregating Rs. 11.64 Crores is hereinafter refered to .as the "not issue". The issue and the net issue will constitute 26.94% and 25.57% respectively' of the fully diluted post issue paid up equity' share capital of the company. The face value of Equity shares is Rs.10 each. The Issue price is Rs.40 and is 4 times the face value of the equity shares.