Innova Captab IPO Review

 
Innova Captab IPO Review

IPO Open Date: December 21, 2023

IPO Close Date: December 26, 2023

IPO Price: ₹426 to ₹448 per share

Lot Size: 33 Shares

Listing: December 29, 2023

Innova Captab is scheduled to hit the market on December 21, 2023 and close on December 26, 2023. Innova Captab plans to raise around ₹570.00 Cr through an IPO with a sale of up to 12,723,214 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.

Established in January 2005, Innova Captab Limited operates in the pharmaceutical sector with a focus on three key business segments. Firstly, it offers contract development and manufacturing services to Indian pharmaceutical companies. Secondly, the company actively participates in the domestic market by providing branded generics. Thirdly, it engages in the international arena with a presence in the market for branded generics.

Innova Captab Limited boasts a diverse product portfolio, encompassing tablets, capsules, dry syrups, dry powder injections, ointments, and liquid medicines, catering to various healthcare needs. With a multifaceted approach, the company plays a vital role in both the domestic and international pharmaceutical landscapes.

Innova Captab


Innova Captab IPO Details

Innova Captab IPO opens on Dec 21 , 2023, and closes on Dec 26 , 2023. The Listing date for Innova Captab IPO is on Dec 29, 2023. The price band for IPO is ₹426 to ₹448 per share and lot size of 33 Shares.

IPO DateDec 21 , 2023 to Dec 26, 2023
Listing DateDec 29, 2023
Price₹426 to ₹448 per share
Lot Size33 Shares
Issue Size₹570.00 Cr
Face Value₹10 per share

Innova Captab IPO Tentative Timetable

Innova Captab opening date is December 21, 2023 and close date is December 26, 2023. The IPO allotment date is December 27, 2023. The refund initiation of IPO is on December 28, 2023. The credit of shares in demat account is on December 28, 2023. The listing date is on December 29, 2023.

EventDate
IPO OpeningDec 21, 2023
IPO ClosingDec 26, 2023
IPO Allotment DateDec 27, 2023
Refund InitiationDec 28, 2023
Shares Credit to DematDec 28, 2023
Lisiting DateDec 29, 2023

Innova Captab IPO Lot Size

Lot Size of this IPO is 33 shares. A retail-individual investor can apply for up to 13 lots (429 shares or ₹192,192).

CategoryLotsSharesAmount
Retail(Minimum)133₹14,784
Retail(Maximum)13429₹192,192
S-HNI (Minimum)14462₹206,976
B-HNI (Minimum)682,244₹1,005,312

Innova Captab IPO Promoter Holding

Pre Issue Share Holding66.85%
Post Issue Share Holding

Innova Captab IPO Review

Innova Captab Limited's diverse portfolio of over 600 generics, distributed through an extensive network in India and exported to multiple countries, positions the company as a significant player in the pharmaceutical industry. The emphasis on research and development, as evidenced by a dedicated team of scientists and engineers, underscores its commitment to innovation and product development.

The financial snapshot reveals positive trends, with a 16.45% increase in revenue and a 6.26% rise in profit after tax (PAT) between FY2023 and FY2022. Key financial indicators, including a Price-to-Earnings (P/E) ratio of 31.64, Market Cap of ₹2563.7 Crores, Return on Equity (ROE) at 24.58%, Return on Capital Employed (ROCE) of 22.61%, Debt/Equity ratio of 0.85, Earnings Per Share (EPS) of ₹14.16, and Return on Net Worth (RoNW) at 24.58%, provide a comprehensive view of the company's financial health.

The company's strategic customer base, which includes major pharmaceutical players, adds credibility to its market presence. The international expansion and numerous product registrations signify a global growth trajectory.

Innova Captab IPO Subscription Status (Bidding Details)

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Innova Captab IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

Innova Captab IPO FAQs

What is Innova Captab IPO?

Innova Captab is issuing 12,723,214 equity shares with a face value of ₹10 each, totaling up to ₹570.00 Cr. The shares are being offered at a price of ₹426 to ₹448 each, with a minimum order quantity of 33 shares.

Kfin Technologies Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Innova Captab IPO will open?

Innova Captab will open on December 21 , 2023 for QIB, NII, and Retail Investors.

When Innova Captab IPO will end?

Innova Captab will end on December 26, 2023.

What is Innova Captab IPO Size?

Innova Captab IPO size is ₹570.00 Cr.

What is Innova Captab IPO Price Band?

Innova Captab price band is ₹426 to ₹448 per share.

What is the Innova Captab IPO Allotment Date?

Innova Captab allotment date is December 27, 2023.

What is the Innova Captab IPO Listing Date?

Innova Captab listing date is December 29, 2023. The IPO is to be listed on BSE and NSE.

How to Apply Innova Captab IPO through Zerodha?

To apply for the IPO “Innova Captab” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply Innova Captab IPO through Upstox?

To apply for the IPO “Innova Captab” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check Innova Captab IPO Allotment Status?

For Innova Captab IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Innova Captab IPO GMP?

You can check out here: Innova Captab IPO GMP

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I'm tech-savvy, loves to write about saving, investing and proper financial planning. Also, I am a blogger, share everything with 100% transparency and the best of my knowledge.

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