| Category | Min Lots | Shares | Amount |
|---|---|---|---|
| Retail (sNII) | 1 | 3,000 | ₹1,35,000 |
| HNI / NII | 2 | 6,000 | ₹2,70,000 |
| Category | Sub (×) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII / HNI (Total) | — | 25,50,000 (40.50%) | — | ₹1,147.50 Cr |
| Retail Investors | — | 25,50,000 (40.50%) | — | ₹1,147.50 Cr |
| Total ** | — | 62,97,000 (100.00%) | — | ₹28,336.50 Cr |
| Market Maker * | — | 3,27,000 (5.19%) | — | ₹14.72 Cr |
Incorporated in 1995, Innovative tyres & tubes ltd manufactures and sells 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 serves 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 Halol, in Gujarat. ITTL has strong business relationship with tyre major Ceat Ltd. Company is manufacturing all segments of Nylon Tyres. Company is catering to domestic markets/after sales market, OEMs and is also exporting its products.