Innova Captab IPO, GMP, Price, Allotment Details and review

Innova Captab is an integrated pharmaceutical company in India with presence across its value chain from research and development through manufacturing, drug distribution and exports.

Innova Captab IPO Details : Innova captab will launched On December 21 and lasting until December 26, Innova Captab is expected to make their IPO debut and raise approximately Rs570 crores via fresh issue of Rs320 crores and offer for sale of 5,580,357 equity shares of Rs10 each; retail quota is 35% while QIB and HNI accounts comprise 50% each respectively.

Innova Captab is an integrated pharmaceutical company in India with presence throughout its value chain: research and development, manufacturing, drug distribution and export. Their businesses include CDMO (contract development and manufacturing organization) services for Indian pharmaceutical companies as well as domestic branded generics sales as well as an international business selling branded generics products.

 Investors were allotted 3,816,963 shares to 17 investors, such as ICICI Prudential Pharma Healthcare and Diagnostics Fund, Kotak Mahindra Trustee Co Ltd A/C Kotak Healthcare Fund, 360 One Special Opportunities Fund Series-9 Bandhan Smallcap Fund Aditya Birla Sun Life Company among many others.

Innova Captab IPO is a book built issue totalling Rs 570.00 crores. The issue encompasses fresh issue of 0.71 crore shares totalling Rs 320.00 crores and offer for sale of 0.56 crore shares totalling Rs 250.00 crores.

Subscription for Innova Captab IPO will commence on December 21, 2023 and close December 26th with allotment scheduled to occur Wednesday December 27th 2023, before listing on BSE or NSE on or around Friday 29th.

Price Band of Innova Captab IPO Set at Rs426 to Rs448 Per Share; minimum Lot Size For Applications is 33; investment Required by Retail Investors is Rs14,784 (14 Lots for SNII; Total of Rs206 976 and 68 Lots (2 244 Shares; totalling to Rs1,005,312)

Offer details and objectives:

Innova Captab is planning an initial public offering (IPO) of shares worth INR 320 crores to prepay loans, fund UML investment opportunities and meet working capital and general corporate requirements. Furthermore, an offer for sale involving 55 lakh of existing equity shares for an expected INR 250 crore sale has also been proposed by Innova Captab.

Innova Captab IPO Dates & Band Price Details:

IPO Open:December 21, 2023
IPO Close:December 26, 2023
IPO Size:Approx ₹570 Crores
Fresh Issue:Approx ₹320 Crores
Offer for Sale:Approx 5,580,357 shares
Face Value:₹10 Per Equity Share
IPO Price Band:₹426 to ₹448 Per Share
IPO Listing on:BSE & NSE
Retail Quota:35%
QIB Quota:50%
 NII Quota:15%
Discount:N/A
DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:Click Here

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Innova Captab IPO Market Lot:

Retail investors may apply up to 13 lots with up to 33 shares or Rs14,784 application amount each for Innova Captab’s initial public offering (IPO). The minimum market lot required to apply in this IPO is 33 lots at Rs14,784.

Innova Captab IPO Allotment & Listing Dates:

The Innova Captab IPO launch date and close date have been scheduled for December 21, and 26 respectively. Allotment of shares is scheduled to occur on December 27, and listing of this IPO listing occurs on December 29.

Anchor Investors Allotment:December 20, 2023
IPO Open Date:December 21, 2023
IPO Close Date:December 26, 2023
Basis of Allotment:December 27, 2023
Refunds:December 28, 2023
Credit to Demat Account:December 28, 2023
IPO Listing Date:December 29, 2023

Innova Captab Company Financial Report:

  ₹ in Crores
YearRevenueExpensePAT
2022₹412₹366₹34.50
2023₹803₹718₹63.95
2023₹936₹844₹67.95
2024 3M₹234₹210₹17.90

Innova Captab GMP (Gray Market Premium Today):

According to market analysts, the current GMP of Innova Captab is Rs 210 in the unlisted market.

Innova Captab IPO Valuation – FY2023:

Earning Per Share (EPS):₹14.16 per Equity Share
Price/Earning P/E Ratio:N/A
Return on Net Worth (RoNW):24.58%
Net Asset Value (NAV):₹57.60 per Equity Share

Innova Captab Company Details:

CategoryDetails
Peer Group– Torrent Pharmaceuticals Limited – Laurus Labs Limited – Ajanta Pharma Limited – J. B. Chemicals and Pharmaceuticals Limited – NATCO Pharma Limited – Eris Lifesciences Limited – Indoco Remedies Limited – Suven Pharmaceuticals Limited – Windlas Biotech Limited
Company Promoters– Manoj Kumar Lohariwala – Vinay Kumar Lohariwala
Innova Captab IPO RegistrarRegistrar: KFIN Technologies Limited- Tel: +91 40 6716 2222 – E-mail: [email protected]Website: www.kfintech.com
Innova Captab IPO Allotment Status CheckCheck Innova Captab IPO allotment status on KFintech website allotment URL. Click Here
Innova Captab IPO Lead Managers– ICICI Securities Limited – JM Financial Limited
Company AddressAddress: Innova Captab Limited, Office No. 606, Ratan Galaxie – 6th Floor, Plot No. 1, J. N. Road, Mulund (W), Mumbai, Maharashtra 400 080 – Phone: +91 22 2564 2095 – Email: [email protected]Website: www.innovacaptab.com

What is the IPO size of Innova Captab?

At an initial public offering price band of Rs448 per share, Innova Captab Ltd’s total IPO size will consist of the issue and sale of 1,27,23,214 shares (127 lakh). At that price range this represents an IPO size of approximately Rs570 crore.

Who is the owner of Innova Captab?

Manoj Kumar Lohariwala serves as Chairman and Whole-time Director on our Company board, possessing both an undergraduate degree in commerce as well as over 25 years’ worth of manufacturing and selling pharmaceutical products.

What is the history of Innova Captab?

Since 2005, Innova Captab Limited is a pharmaceutical company operating three business segments. First of these includes providing contract development and manufacturing services to Indian pharmaceutical companies; secondly it operates domestic business dealing in branded generics products; finally its contract manufacturing arm provides contract development and manufacturing for international pharmaceutical firms.

How do you calculate IPO size?

An initial public offering (IPO) issue size can either be expressed in number of shares, or value terms; when using value terms it involves multiplying total number of shares times offer price to derive this number.

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