The Innova Captab IPO started on December 21, 2023, and ended on December 26, 2023. Shares were allocated on December 27, 2023, and refund processes began on December 28, 2023. On December 28, 2023, the shares were credited to investors demat accounts. Innova Captab was officially listed on the stock exchange on December 29, 2023.
During the IPO, Innova Captab offered shares at a price range of ₹426 to ₹448 per share, and the lot size was 33 shares. The total issue size was ₹570.00 crores, with ₹320.00 crores from new shares and ₹250.00 crores from shares for sale. The IPO was listed on both the NSE and BSE.
Regarding share reservations, 20% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
Innova Captab IPO Subscription Update Video
Innova Captab IPO Subscription Status
The Innova Captab IPO on December 26, 2023 was subscribed 55.26 times, with the retail category being subscribed 17.15 times, the NII (Non-Institutional Investor) category being subscribed 64.95 times, the QIB (Qualified-Institutional Buyers) category being subscribed 116.73 times.
| Category | Subscription |
| QIB | 116.73x |
| NII | 64.95x |
| Retail | 17.15x |
| Total | 55.26x |
Innova IPO Basic Details
| Company Name | Innova Captab Limited |
| Domain of Company | Pharmaceutical Company |
| Innova Captab IPO Open Date | December 21, 2023 |
| Innova Captab IPO Close Date | December 26, 2023 |
| Innova Captab IPO Allotment Date | December 27, 2023 |
| Innova Captab IPO Listing Date | December 29, 2023 |
| Face Value | ₹10 per share |
| Price | ₹426 to ₹448 per share |
| Lot Size | 33 Shares |
| Issue Size | 12,723,214 shares of ₹10 (aggregating up to ₹570.00 Cr) |
| Fresh Issue | 7,142,857 shares of ₹10 (aggregating up to ₹320.00 Cr) |
| Offer for Sale | 5,580,357 shares of ₹10 (aggregating up to ₹250.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Company Promoters | Manoj Kumar Lohariwala and Vinay Kumar Lohariwala |
About Innova Captab Limited
Founded in January 2005, Innova Captab Limited is a pharmaceutical company with three main focuses. First, it helps Indian pharmaceutical companies with contract development and manufacturing. Second, it operates domestically, selling branded generics. Lastly, it has an international business that deals in branded generics.
The company’s product lineup includes tablets, capsules, dry syrups, dry powder injections, ointments, and liquid medicines.
In the fiscal year 2023 and the three months ending June 30, 2023, the company produced and sold over 600 different types of generics. These products were distributed using the company’s own brands in the Indian market through a network of about 5,000 distributors and stockists, along with over 150,000 retail pharmacies. Additionally, Innova Captab exported its branded generic products to 20 and 16 countries in FY2023 and the three months ending June 30, 2023, respectively.
As of October 31, 2023, the company had a research and development laboratory with a team of 29 scientists and engineers. The manufacturing facility is located in Buddi, Haryana.
The company’s clientele includes Cipla, Glenmark Pharmaceuticals, Wockhardt, Corona Remedies, Emcure Pharmaceuticals, Lupin, Medley Pharmaceuticals, Eris Healthcare, Zuventus Healthcare, Ajanta Pharma, Mankind Pharma, and others.
By October 31, 2023, the company had 200 active product registrations and 20 registrations awaiting renewal with international authorities. Additionally, there were 218 new registration applications in the process with international authorities.
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Innova Captab IPO FAQs
What is the start and end date of Innova Captab IPO Subscription?
The Innova Captab IPO started on December 21, 2023, and ended on December 26, 2023.
When does Innova Captab IPO Subscription open?
The Innova Captab IPO open on December 21, 2023.
When does Innova Captab IPO Subscription close?
The Innova Captab IPO Close on December 26, 2023.
What is the allotment date of Innova Captab IPO?
The allotment date for Innova Captab IPO is December 27, 2023.
When is the initial refund date of Innova Captab IPO?
The initial Refund date for Innova Captab IPO is December 28, 2023.
When were the shares credited to investors demat accounts for the Innova Captab IPO?
The shares for the Innova Captab IPO were credited to investors demat accounts on December 28, 2023.
When will Innova Captab IPO be listed on the stock market?
Innova Captab IPO stock market will be listed on December 29, 2023 at 10 am.
What was the price range of the Innova Captab IPO shares?
The Innova Captab IPO shares were offered at a price range of ₹426 to ₹448 per share.
What was the lot size for the Innova Captab IPO shares?
The lot size for the Innova Captab IPO shares was 33 shares.
What was the total issue size of the Innova Captab IPO?
The total issue size of the Innova Captab IPO was ₹570.00 crores.
How were the shares allocated among different types of investors for the Innova Captab IPO?
20% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the Innova Captab IPO listed?
The Innova Captab IPO was listed on both the NSE and BSE.
What is the Innova Captab IPO Subscription Status?
Innova Captab IPO is subscribed 55.26 Times.
