HomeNewsBusinessIPOExports constitute 18% of total revenues: Innoventive Inds

Exports constitute 18% of total revenues: Innoventive Inds

Pune-based multiproduct engineering company Innoventive Industries' (IIL) initial public offering has opened for subscription today. In an interview with CNBC-TV18, Chandu Chavan, Chairman, Innoventive Industries says, "Our margins are 22% and we are quite hopeful to maintain that.”

April 26, 2011 / 12:28 IST
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Pune-based multi-product engineering company Innoventive Industries' (IIL) initial public offering has opened for subscription today. It aims to raise Rs 219.58 crore through the issue. The price band of the issue is fixed between Rs 117 to Rs 120/share.

In an interview with CNBC-TV18, Chandu Chavan, Chairman, Innoventive Industries says, the company has seen over a 50% growth in revenue for the last three-four years. In FY10 the company
first published: Apr 26, 2011 10:55 am

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