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IPO Status: Listed [21st Dec 2023 to 26th Dec 2023]
Innova Captab IPO, a Mainline IPO of ₹570.00 Cr was launced on 21-12-2023 to 26-12-2023 and the shares got listed on BSE, NSE on 29-12-2023.
The public issue of Innova Captab IPO (INNOVACAP,544067) was offered at ₹448.00 per share and the ipo was listed at ₹452.10. It has delivered listing gain of 0.92%.
As the minimum lot size was 33 shares, the IPO has offered Rs 135.30000000000075 per lot return on listing.
| IPO Issue Opening Date: | 21st Dec 2023 |
| IPO Issue Closing Date: | 26th Dec 2023 |
| IPO Issue Price: | ₹426.00-448.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not less than 35% of the Net Issue |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹570.00 Cr |
| Offer for Sale: | ₹250.00 Cr |
| Fresh Issue: | ₹320.00 Cr |
| Face Value: | ₹10 Per Equity Share |
| IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 66.85% |
| Promoter Holding Post IPO: | |
| Allotment Status: | Allotment Status |
| BSE Code: | 544067 |
| NSE Code: | INNOVACAP |
Get important updates regarding Innova Captab IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 27th Dec 2023 |
| Refunds Initiation* | 28th Dec 2023 |
| Credit of Shares to Demat* | 28th Dec 2023 |
| IPO Listing Date* | 29th Dec 2023 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹426.00-448.00 |
| Market Lot: | 33 Shares |
| 1 Lot Amount: | ₹14784 |
| Min Small HNI Lots(2-10 Lakh): | 462 shares (14 lots) |
| Min Big HNI Lots(10+ Lakh): | 2244 shares (68 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 29-12-2023 | 448.00 | 32 | 800/11200 | ₹480 (7.14%) | 29-Dec-2023 9:30 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Innova Captab Limited was founded in January 2005. It is an integrated pharmaceutical company in India with a presence in the entire pharmaceutical value chain including research and development, manufacturing, distribution and marketing of drugs and exports. Its operations include (i) a contract development and manufacturing organization (“CDMO”) that provides manufacturing services to Indian pharmaceutical companies, (ii) a domestic branded generics business and (iii) an international branded generics business.
The company's foundation is its in-house research and development (“R&D”). Its R&D activities help to attract and retain CDMO customers and expand its portfolio of generic branded products. The Company has an in-house R&D laboratory and a pilot plant at its manufacturing facility in Baddi, Himachal Pradesh, which is recognized by the Department of Scientific and Industrial Research, Ministry of Science and Technology, Government of India (“DSIR”). The company is also planning to set up a new research and development centre in Panchkula, Haryana. Manufacturing will be carried out at two manufacturing facilities in Baddi, Himachal Pradesh and a new planned facility in Jammu.
The company's CDMO services and products include large-scale commercial manufacturing of generic drugs. The company also enters into loan license agreements with its customers. The company's extensive CDMO formulation capabilities enable it to offer customers a variety of dosage forms, including solid oral drugs, liquid oral drugs, dry juices and injectable drugs, as well as more complex dosage forms such as modified and sustained release forms and tablets in capsules. They have also added products with new technologies such as nanotechnology.
| Incorporation | Sector | IPO Issue Size | Website |
| 2005 | Medicine Manufacturing | ₹570.00 Cr | https://www.innovacaptab.com/ |
The Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 2,544,643 (28.57%) | 1,908,482 (21.43%) | 4,453,125 (50%) | 8,906,250 | |
| 1 | 21st Dec 2023 19:04 | 0.44x | 1.00x | 2.26x | 1.47x |
| 2 | 22nd Dec 2023 19:04 | 1.08x | 3.38x | 5.22x | 3.64x |
| 3 | 26th Dec 2023 18:09 | 75.06x | 41.08x | 8.62x | 34.56x |
Innova Captab Limited's revenue increased by 16.45% and profit after tax (PAT) rose by 6.26% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,086.16 | 704.41 | 575.48 | 369.62 |
| Revenue | 234.37 | 935.58 | 803.41 | 412.03 |
| Profit After Tax | 17.59 | 67.95 | 63.95 | 34.50 |
| Net Worth | 294.27 | 276.46 | 208.56 | 144.78 |
| Reserves and Surplus | 317.51 | 228.51 | 196.61 | 132.82 |
| Total Borrowing | 441.90 | 235.19 | 198.18 | 45.03 |
| Amount in ₹ Crore | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Innova Captab Limited | 14.16 | 14.16 | 57.6 | 24.58 | Consolidated | |
| Torrent Pharmaceuticals Limited | 36.79 | 36.79 | 182.97 | 57.61 | 20.11 | Consolidated |
| Laurus Labs Limited | 14.69 | 14.64 | 74.92 | 25.53 | 19.74 | Consolidated |
| Ajanta Pharma Limited | 45.89 | 45.89 | 267.41 | 42.91 | 17.36 | Consolidated |
| J. B. Chemicals and Pharmaceuticals Limited | 53 | 52.34 | 320.36 | 28.61 | 16.54 | Consolidated |
| NATCO Pharma Limited | 39.18 | 39.18 | 264.21 | 19.9 | 14.84 | Consolidated |
| Eris Lifesciences Limited | 28.1 | 28.07 | 160.85 | 33.01 | 17.1 | Consolidated |
| Indoco Remedies Limited | 15.44 | 15.42 | 111.58 | 22.74 | 13.83 | Consolidated |
| Suven Pharmaceuticals Limited | 16.16 | 16.16 | 68.16 | 37.13 | 23.7 | Consolidated |
| Windlas Biotech Limited | 19.7 | 19.7 | 192.02 | 22.04 | 10.61 | Consolidated |
Last Updated on 02-Jan-2024 06:02:43
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Innova Captab IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Innova Captab IPO with Zerodha.
Alternate approch to apply in Innova Captab IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Innova Captab IPO Review and Important Updates
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To subscribe or apply in Innova Captab IPO, you can use the following methods:
| Innova Captab IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Innova Captab IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Innova Captab IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Innova Captab IPO. Most of the Syndicate Banks provide access to apply in Innova Captab IPO via ASBA process. You must have your net banking access, DP ID information to apply in Innova Captab IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Innova Captab IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Innova Captab IPO Review and Important Updates
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Applying in Innova Captab IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Innova Captab IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply Innova Captab IPO, please refer article >> Link
Innova Captab IPO Review and Important Updates
Steps to download the online application form for Innova Captab IPO
Or
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Innova Captab IPO is going to be list on 29-12-2023. NSE Code for Innova Captab is INNOVACAP. BSE Code for Innova Captab is 544067.
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Innova Captab IPO Allotment Date is 27-12-2023.
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Innova Captab IPO share allotment date?Innova Captab IPO allotment date?
