
Industrial & Financial Services · NSE / BSE
Incorporated in January 2005, Innova Captab Limited is a pharmaceutical company operating in three verticals – Contract Development & Manufacturing (CDMO), domestic branded generics, and international branded generics. The company manufactures a wide range of pharmaceutical products including tablets, capsules, dry syrups, injections, ointments and liquid medicines. In FY23 and Q1FY24, the company produced and sold over 600 generic products. Its domestic brands are sold through 5,000+ distributors and ~1.5 lakh retail pharmacies in India. The company also exports branded generics to 20 countries. As of October 31, 2023, Innova Captab employed 29 scientists and engineers, and has its plant in Baddi, Haryana.
Price Band
₹426 – ₹448
Issue Size
₹570 Cr
Lot Size
33 shares
GMP
+7.1%
Est. Listing
₹480
at current GMP
Subscribed
56.33x
overall
Open
21 Dec 2023
Close
26 Dec 2023
Allotment
27 Dec 2023
Refund
28 Dec 2023
Demat Credit
29 Dec 2023
Listing
29 Dec 2023
Designated Registrar: Kfin Technologies Limited
Allotment Date
27 Dec 2023
Basis finalization
Refunds Initiate
28 Dec 2023
Mandate release
Demat Credit
29 Dec 2023
Shares in demat
Listing Debut
29 Dec 2023
Trading begins
Innova Captab Limited is bringing an initial public offering (IPO) in the Industrial & Financial Services sector with an aggregate issue size of ₹570 Crores. The shares are offered at a price band of ₹426 to ₹448 per equity share on NSE and BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 33 shares (approx. ₹14,784 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-12-29, while un-allotted funds or UPI block mandates will be released on 2023-12-28.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.