The Innova Captab IPO is set to open for subscription from December 21 to December 26, 2023, with a price band ranging from ₹426 to ₹448 per share. This IPO aims to raise approximately ₹570 crores and has already garnered significant interest, being subscribed 55.26 times overall by the closing date. The allotment date is scheduled for December 27, 2023, with shares expected to list on both the BSE and NSE on December 29, 2023. Analysts predict a modest listing gain of around 1%, with the shares anticipated to debut at approximately ₹452.1. For investors seeking insight into whether the Innova Captab IPO is a good opportunity, this blog provides an in-depth analysis.
Understanding Innova Captab Limited
Innova Captab Limited is an integrated pharmaceutical company with a diverse portfolio that encompasses research and development, manufacturing, drug distribution, marketing, and exports. The company operates primarily in three segments:
- Contract Development and Manufacturing (CDMO)
- Domestic Branded Generics
- International Branded Generics
With a solid business model and a growing presence in the pharmaceutical sector, many investors are keen to assess the potential of the Innova Captab IPO.
Innova Captab IPO Details
Key Information
- Issue Size: ₹570 crores
- Price Band: ₹426 – ₹448 per share
- Lot Size: 33 shares (minimum investment of ₹14,784)
- Opening Date: December 21, 2023
- Closing Date: December 26, 2023
- Allotment Date: December 27, 2023
- Listing Date: December 29, 2023
The Innova Captab IPO is structured to attract a broad range of investors, from retail individual investors to qualified institutional buyers.
Innova Captab IPO Subscription Status
As of the final day of the subscription period, the Innova Captab IPO has received an overwhelming response:
- Qualified Institutional Buyers (QIBs): Subscribed 116.73 times
- Retail Individual Investors (RIIs): Subscribed 17.15 times
- Non-Institutional Investors (NIIs): Subscribed 64.95 times
- Total Subscription Rate: 55.26 times
This high subscription rate indicates strong market confidence and interest in the company’s prospects.
How to Check Innova Captab IPO Allotment Status
Investors can easily check their allotment status using the following methods:
- KFintech’s Website: Enter your PAN or application number.
- BSE/NSE Websites: Utilize the respective links provided for verification.
Being informed about the Innova Captab IPO allotment is crucial for investors looking to optimize their investment strategies.
Innova Captab IPO Listing Expectations
Based on market conditions and investor enthusiasm, shares are expected to list at around ₹452.1, translating to a modest listing gain of approximately 1%. The Innova Captab IPO listing gain is something many investors are eagerly anticipating as they consider their investment options.
Grey Market Premium (GMP)
The GMP for Innova Captab has shown fluctuations, recently reported around ₹32. This indicates a positive outlook and can be an essential factor for investors to consider while evaluating the Innova Captab IPO‘s potential for listing gains.
Conclusion: Is the Innova Captab IPO Worth It?
The Innova Captab IPO offers a compelling opportunity for investors interested in the pharmaceutical sector. With robust subscription rates, a solid business model, and promising listing expectations, many are questioning whether the Innova Captab IPO is a good investment.
If you’re looking to analyze IPOs like the Innova Captab IPO effectively, consider reaching out to us at GRM IIT. We provide top-notch education on financial analysis, helping you become a more informed investor. You can also explore our YouTube channel for free resources or visit our website for more structured learning.
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