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IVP Ltd. Company History and Annual Growth Details

1929 - The Company was incorporated on 5th July at Mumbai. The Company
Manufacture vegetable oils & vanaspati Margarine, Plastics Minar
Chemicals, Foundry, products, Spark Plugs & Industrial Ceramics.

1939 - 1,100 Bonus shares issued in the proportion 1:10.

1947 - 6,050 Bonus shares issued in the proportion 1:2.

1954 - 3,025 Bonus shares issued in the proportion 1:6.

1963 - 3,025 Bonus shares issued in the proportion 1:7.

1966 - 4,840 Bonus shares issued in the proportion 1:5.

1973 - 11,616 Bonus shares issued in the proportion 2:5.

1976 - 10,164 Bonus shares issued in the proportion 1:4.

1979 - Shares subdivided during 1978. 5,08,200 Bonus shares issued in
the proportion 1:1.

1982 - 3,38,800 Rights equity shares allotted (Prop. 1:3; Prem. Rs 1.25
per share) on 22.6.82.

1984 - The Company revalued its freehold land, buildings, plant and
machinery relating to its Mumbai factory as on 31st December.

1985 - 6,77,600 Bonus Equity shares issued in propn. 1:2 and allotted on

1986 - During November the company signed technical collaboration
agreement with M/s Feldmuhle Aktiengesells Chaft, (Feldmuhle Akg)
West Germany for acquisation of knowhow for the manufacture high
alumina, Ceramic, textile thread guides using injection moulding
technology. The Company enunciated a
modernisation-cum-diversification programme.

- Another project was taken up to set up a new unit at Kumbalagudu
near Bangalore to manufacture foundry and other industrial

1987 - The Company issued 2,33,540 No. of equity shares of Rs 10 each at
a premium of Rs 10 per share as follows: 1,01,640 shares on
rights basis to the existing shareholders of the Company in the
ratio 1:20; 1,20,000 shares to financial institutions (UTI), LIC
and GIC) and 11,900 shares to employees/workers. 28,385
additional shares were also issued at a premium of Rs 10 per
shares to retain oversubscription and allotted as follows: 25,410
shares to shareholders and 2,975 shares to employees.

- The Company proposed to issue equity shares/convertible
debentures upto a maximum of Rs 30 crores on a rights-cum-public
basis subject to all necessary approvals.

- The Company proposed to issue 68,84,175 bonus equity shares in
proportion 1:1.

- 2,61,925 Bonus Equity shares issued (Prem. Rs. 10 per share) in
June 1987.

1988 - (15 months) the Company entered into a collaboration agreement
with M/s. Industries Magneti Marelli Sp. A of Italy for
manufacture of improved types of spark plugs. Also approval was
received for technical collaboration, agreement with M/s London &
Scandinavian Metallurgical Co Ltd UK for updating its technology
in its steel plants.

- It would also enable updating of its ingot casting products such
as hot topping tiles, corner pieces etc. and introduce latest
products such as Tundish liners, impact pads etc.

1989 - 22,94,725 Bonus Equity shares issued in prop. 1:1.

1991 - The Company had undertaken expansion and modernisation of its
industrial ceramics and industrial chemicals division.

- 22,94,725 Bonus Equity share issued in prop. 1:2.

1992 - The Company entered into two technical collaborations for high
alumina ceramics with Cerasiv GmbH, Germany, one for the
manufacture of high alumina faucet discs, an import substitute
item and the second for upgrading and increasing the product
range of industrial ceramics division.

1996 - 34,42,088 Bonus shares issued in prop. 1:2.

2001 - Mr. S.N. Bhatri has been appointed Director on the board effective from 29th January.

2002-Mr Shiraz Abdul Razak Allana has been appointed as a Director on the Board of IVP Ltd wef June 18, 2002.
Oct 24, 12:00 am
Oct 24, 4:14 pm
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