Opens on 20
July & closes on 22 July, 2011
Price Band
Fixed at Rs.100 to 117 per Shares
Incorporated in 1995, Inventure Growth and Securities
Ltd (IGSL) is a flagship Company of Inventure Group. They offer trading
services in equity cash and derivatives market, debt market, commodities and
currency futures segment to financing activity, wealth management, and
distributions of financial product. IGSL is providing advisory and innovatively
structured financial solutions in the area of fund raising, infrastructure
development, government borrowing, corporate restructuring and money market
intermediation. At the retail level, Inventure provides investment advisory
service and distributes financial products like mutual funds, insurance
products, etc. IGSL client includes institutional clients, high net worth
individuals and retail investors. Inventure operates through 224 business
locations including branches, franchisees (Remisiers
and Authorized Person) and sub-brokers located across India.
The promoters of the company are:� Mr. Nagji K. Rita,
aged 58 years, is the Executive Chairman and Managing Director of the Company
& Ms. Jayshree N. Rita, aged 58 years. The
objects of this Issue are to: Investment in our subsidiary, Inventure Finance Pvt Ltd; & Augmenting Long Term Working Capital
Requirement. Issue Opens on July 20, & closes on July 22, 2011. Company to
issue 70, 00, 000 shares at the Price band of Rs.100 to Rs.117 and to collect
Rs.82 crore share to to be
listed on BSE & NSE. Fitch & ICRA has assigned on IPO Grade 2/5.
