Innova Captab IPO: An Overview and Corporate Insight – Innova Captab IPO
Innova Captab Limited, a leading pharmaceutical company in India, stands at the forefront of the industry by seamlessly integrating manufacturing, research, and global market penetration. With a robust portfolio, including premier CDMO services, branded generics in the Indian market, and global exports to 20 countries, Innova Captab addresses diverse demands. Backed by cutting-edge facilities and a strong R&D engine, the company is well-positioned for sustained growth, contributing to a healthier future.
Grey Market Premium Analysis and IPO Timelines – Innova Captab IPO
Innova Captab IPO, with a fresh issue of Rs 320.00 crore and an offer for sale of 0.56 crore shares, amounts to Rs 570.00 crore. The subscription period is from December 21, 2023, to December 26, 2023, with allotment expected on December 27, 2023. The IPO is set to be listed on December 29, 2023. The pricing range is ₹426 to ₹448 per share, and the minimum lot size is 33 shares.
Innova Captab IPO GMP :
| Date | Grey Market Price (GMP) |
|---|---|
| 18th December 2023 | ₹210 |
| 17th December 2023 | ₹210 |
| 16th December 2023 | ₹210 |
GMP analysis indicates steady pricing at ₹210 per share, suggesting a positive trend in the grey market. As of December 18, 2023, the likely listing price stands at ₹658 per share, reflecting a robust 46.88% premium.
Pricing Details and Lot Size – Innova Captab IPO
The pricing range for the IPO is ₹426 to ₹448 per share, with a minimum lot size of 33 shares. Retail investors must invest a minimum of ₹14,784. Different investor categories have varying lot size and investment requirements.
Book-Running Lead Managers and Registrar – Innova Captab IPO
ICICI Securities and JM Financial are the lead managers for the Innova Captab IPO, with KFIN Technologies Ltd serving as the registrar. The IPO’s robust management team underscores investor confidence.
Offer for Sale and IPO Size Breakdown – Innova Captab IPO
Innova Captab’s IPO comprises a fresh issue of 71,42,857 shares and an offer for sale of 55,80,357 shares. Promoters and investor shareholders contribute to the offer for sale portion, totaling ₹570 crore.
IPO Structure and Reservation Criteria – Innova Captab IPO
The IPO, open from December 21, 2023, to December 26, 2023, includes a fresh issue and an offer for sale. The fresh issue of ₹320 crore will fund various initiatives, while the offer for sale involves promoter and investor shares.
IPO Timelines at a Glance – Innova Captab IPO
| Event | Date |
| IPO Opening Date | December 21, 2023 |
| IPO Closing Date | December 26, 2023 |
| IPO Size | ₹570 crore |
| Price Band | ₹426 to ₹448 |
| Bid Lot Size | 33 shares |
| Face Value | ₹10 per share |
| IPO Allotment Date | December 27, 2023 |
| Initiation of Refunds | December 28, 2023 |
| Credit of Shares to Demat | December 28, 2023 |
| IPO Listing Date | December 29, 2023 |
Utilization of Fresh Issuance and Technological Advancements – Innova Captab IPO
The fresh issue of ₹320 crore will be utilized for loan repayment, subsidiary investment, and addressing working capital needs. Innova Captab’s IPO represents a strategic move to leverage technological advancements for sustained growth.
Conclusion
Innova Captab’s IPO presents a promising opportunity for investors, driven by a strong corporate profile, strategic fund utilization, and positive grey market indicators. As the pharmaceutical industry evolves, Innova Captab is poised for a successful market debut.
Frequently Asked Questions (FAQs):
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How can I apply for Innova Captab Ltd IPO?
Investors can apply during the subscription period through the IPO application process, with a minimum lot size of 33 shares.
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What is the IPO listing date for Innova Captab Ltd?
The provisional listing date for Innova Captab IPO is December 29, 2023.
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What is the pricing range for the IPO?
The IPO is priced in the range of ₹426 to ₹448 per share.
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Who are the lead managers for the Innova Captab IPO?
ICICI Securities and JM Financial are the lead managers.
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How is the IPO structured in terms of fresh issuance and offer for sale?
The IPO includes a fresh issue of ₹320 crore and an offer for sale of 55,80,357 shares.
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What is the lot size for retail investors?
The minimum lot size for retail investors is 33 shares.
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What is the likely listing premium based on the Grey Market Premium (GMP)?
As of December 18, 2023, the GMP suggests a listing premium of 46.88%, with a likely listing price of ₹658 per share.
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How is the IPO proceeds planned to be utilized?
The fresh issue proceeds will be used for loan repayment, subsidiary investment, and addressing working capital needs.
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Who are the promoters of Innova Captab Ltd?
Manoj Kumar Lohariwala and Vinay Kumar Lohariwala are the promoters, holding 66.85% stake.
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What is the subscription period for the Innova Captab IPO?
The subscription period for Innova Captab IPO is from December 21, 2023, to December 26, 2023.
