Innova Captab Limited

Innova Captab Limited

Mainboard

₹14,784 / 33 Shares

Offer Date:Dec 21, 2023 - Dec 26, 2023
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Innova Captab Limited IPO Details

The Innova Captab Limited IPO price band is set between ₹426-448 per equity share, with a face value of ₹10 per share. The issue is managed by Kfin Technologies Limited, and the equity shares are proposed to be listed on the Mainboard.

The IPO date for subscription opens on 21 Dec, 2023 and closes on 26 Dec, 2023. Investors can check the allotment status on 27 Dec, 2023, while the listing date is tentatively scheduled for 29 Dec, 2023.

The total issue size is Total ₹570.00 Cr :#Fresh Issue: 7,142,857 shares , aggregating up to ₹320.00 Cr. Stay tuned for the latest Innova Captab Limited IPO review and GMP updates.

Innova Captab Limited IPO Review, Rating & Analysis

Innova Captab Limited IPO Review

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Innova Captab Limited IPO Rating

Innova Captab Limited IPO Highlights

IPO Date

Dec 21, 2023 - Dec 26, 2023

Listing Date

29 Dec, 2023

Face Value

₹10 Per Equity Share

Price Band

₹426-448 per equity share

Lot Size

33 Shares

Fresh Issue

Shares

Offer for Sale

-

Listing At

BSE, NSE

Innova Captab Limited IPO Lot Size

The minimum market lot for Innova Captab Limited IPO is 33 shares with an application amount of ₹14,784. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.

ApplicationLotsSharesAmount
Retail (Min)133₹14,784
Retail (Max)13429₹1,92,192
S-HNI (Min)14462₹2,06,976
S-HNI (Max)672211₹9,90,528
B-HNI (Min)682244₹10,05,312

Innova Captab Limited IPO Timeline

IPO Open Date
21 Dec, 2023
IPO Close Date
26 Dec, 2023
Basis of Allotment
27 Dec, 2023
Listing Date
29 Dec, 2023

Issue Price

₹426-448 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Kfin Technologies Limited

Lead Manager

ICICI Securities LimitedJm Financial Limited

Issue Size

Total ₹570.00 Cr :#Fresh Issue: 7,142,857 shares (aggregating up to ₹320.00 Cr)#Offer for Sale: 5,580,357 shares of ₹10 (aggregating up to ₹250.00 Cr)

Innova Captab Limited IPO Financial Information

Period EndedAssetsRevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31 Mar 23704.41935.5867.95---
31 Mar 22575.48803.4163.95---
31 Mar 21369.62412.0334.50---

All values are in ₹ Cr.

Promoters & Share Holding

Promoter(s) Name

  • Manoj Kumar Lohariwala
  • Vinay Kumar Lohariwala
Share Holding Pre IssueShare Holding Post Issue
66.85%51.68%

About Company

Innova Captab Limited is a pharmaceutical company operating in three business segments. Firstly, it provides contract development and manufacturing services to Indian pharmaceutical companies. Secondly, the company has a domestic business dealing in branded generics. And thirdly, the company has an international business that deals in branded generics.

The company's product portfolio includes tablets, capsules, dry syrups, dry powder injections, ointments and liquid medicines.

In the financial year 2023 and the three months ended June 30, 2023, the company produced and sold more than 600 different types of generics. These products were distributed under the company's own brands in the Indian market through a network of approximately 5,000 distributors and stockists and over 150,000 retail pharmacies. In addition, Innova Capitab exported its branded generic products to 20 and 16 countries in FY2023 and the three months ended June 30, 2023, respectively.

As of October 31, 2023, the company employed a team of 29 scientists and engineers in its research and development laboratory. The company's manufacturing facility is located in Buddi, Haryana.

The company's customer base includes Cipla Limited, Glenmark Pharmaceuticals Limited, Wockhardt Limited, Corona Remedies Private Limited, Emcure Pharmaceuticals Limited, Lupin Limited, Intas Pharmaceuticals Limited, Leeford Healthcare Limited, Medley Pharmaceuticals Limited, Cachet Pharmaceuticals Limited, Eris Healthcare Private Limited, Indoco Remedies Limited, J. B. Chemicals and Pharmaceuticals Limited, Oaknet Healthcare Private Limited, Zuventus Healthcare Limited, Ajanta Pharma Limited, Mankind Pharma Limited and Smart Laboratories Private Limited.

As of October 31, 2023, the company has 200 active product registrations and 20 registrations pending renewal with international authorities. In addition, 218 new registration applications are being processed with international authorities.

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Innova Captab Limited IPO Subscription Details

As onQIBNII
bNII  sNII
RetailTotal
Shares Offered / Reserved2,544,643
1,908,482

1,272,322    636,161
4,453,1258,906,250
Day 1 -21-12-23 05:00 PM
0.44 x
0.96

1.04 x   0.93 x
2.13 x1.41 x
Day 2 -22-12-23 05:00 PM
1.09 x
3.28

4.35 x   2.74 x
5.02 x3.54 x
Day 3 -26-12-23 05:00 PM
116.73 x
64.94

71.59 x   51.63 x
17.12 x55.24 x
Total No. of Applications:2,392,340 (Approx)

Company Contact Details

Innova Captab Limited

Phone: -

Email: -

Website: -

Registrar Contact Details

-

Phone: -

Email: -

Website: -

Frequently Asked Questions about Innova Captab Limited IPO

When will Innova Captab Limited IPO open for subscription?

The Innova Captab Limited IPO opens on 21 Dec, 2023 and closes on 26 Dec, 2023.

What is the investors portion for Innova Captab Limited IPO?

The investors' portion for QIB is 116.73 x, NII is 71.59 x, and Retail is 17.12 x.

How to apply for Innova Captab Limited IPO?

You can apply for Innova Captab Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.

What is the issue size of Innova Captab Limited IPO?

The issue size of Innova Captab Limited IPO is approx ₹Total ₹570.00 Cr :#Fresh Issue: 7,142,857 shares (aggregating up to ₹320.00 Cr)#Offer for Sale: 5,580,357 shares of ₹10 (aggregating up to ₹250.00 Cr) crores.

What is the price band of Innova Captab Limited IPO?

The price band for Innova Captab Limited IPO is ₹426 to ₹448 per equity share.

What is the lot size of Innova Captab Limited IPO?

The minimum bid (lot size) for Innova Captab Limited IPO is N/A shares with an investment of approx ₹14,784 .

What is the allotment date of Innova Captab Limited IPO?

The allotment date for Innova Captab Limited IPO is 27 Dec, 2023.

What is the listing date of Innova Captab Limited IPO?

The listing date for Innova Captab Limited IPO is expected to be 29 Dec, 2023.

What is the GMP of Innova Captab Limited IPO?

The latest Grey Market Premium (GMP) for Innova Captab Limited IPO is being updated regularly on IPOROCK.

PD

Parth D.

Founder & Lead Analyst

Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.

Innova Captab Limited IPO Date, Review, Price, Allotment Details, GMP | IPOROCK