Innova Captab Limited IPO
- IPO Date21 Dec, 2023 to 26 Dec, 2023
- Listing Date29 Dec, 2023
- Face Value₹10 per share
- Issue Price₹426 to ₹448 per share
- Lot Size33 Shares
- Minimum Investment₹14,784
- Listing AtBSE, NSE
- Total Issue Size1,27,23,214 Shares
(aggregating up to ₹570.00 Cr) - Fresh Issue71,42,857 Shares
(aggregating up to ₹320.00 Cr)
- Offer for Sale55,80,357 Shares
(aggregating up to ₹250.00 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue5,00,82,072
- Shareholding post issue5,72,24,929
IPO Dates
Closing Date
26 Dec, 2023
Initiation of Refunds
28 Dec, 2023
Listing Date
29 Dec, 2023
21 Dec, 2023
Opening Date
27 Dec, 2023
Basis of Allotment
28 Dec, 2023
Credit of Shares
Innova Captab Limited Lot Size
Investors can bid for a minimum of 33 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 33 | ₹14,784 |
| B-HNI (Min) | 68 | 2244 | ₹10,05,312 |
| S-HNI (Min) | 14 | 462 | ₹2,06,976 |
| S-HNI (Max) | 67 | 2211 | ₹9,90,528 |
| Retail (Max) | 13 | 429 | ₹1,92,192 |
Innova Captab Limited Promoter Holding
The Promoters of the company, namely Manoj Kumar Lohariwala and Vinay Kumar Lohariwala
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 66.85% | - |
Key Performance Indicator
Innova Captab IPO Market Cap is Rs 2563.7 Cr and P/E (x) is 31.64.
| KPI | Values |
|---|---|
| ROE | 24.58% |
| ROCE | 22.61% |
| RoNW | 24.58% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 31.64 | 14.16 |
| P/E (x) | 31.64 | 14.16 |
Innova Captab Limited COMPANY INFORMATION
Innova Captab IPO is a book built issue of Rs 570.00 crores. The issue is a combination of fresh issue of 0.71 crore shares aggregating to Rs 320.00 crores and offer for sale of 0.56 crore shares aggregating to Rs 250.00 crores. Innova Captab IPO bidding started from December 21, 2023 and ended on December 26, 2023. The allotment for Innova Captab IPO was finalized on Wednesday, December 27, 2023. The shares got listed on BSE, NSE on December 29, 2023. Innova Captab IPO price band is set at ₹426 to ₹448 per share. The minimum lot size for an application is 33 Shares. The minimum amount of investment required by retail investors is ₹14,784. The minimum lot size investment for sNII is 14 lots (462 shares), amounting to ₹206,976, and for bNII, it is 68 lots (2,244 shares), amounting to ₹1,005,312. ICICI Securities Limited and Jm Financial Limited are the book running lead managers of the Innova Captab IPO, while Kfin Technologies Limited is the registrar for the issue. Refer to Innova Captab IPO RHP for detailed information.
Incorporated in January 2005, 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, Glenmark Pharmaceuticals, Wockhardt, Corona Remedies, Emcure Pharmaceuticals, Lupin, Medley Pharmaceuticals, Eris Healthcare, Zuventus Healthcare, Ajanta Pharma, Mankind Pharma, and others.
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.
FAQs About Innova Captab Limited Ipo
Innova Captab Limited IPO will open on 21 Dec, 2023 and close on 26 Dec, 2023. Investors must apply within this period to participate.
The Innova Captab Limited IPO price band is set between ₹426.00 and ₹448.00 per share. The minimum lot size is 33, requiring an investment of at least ₹14784.00.
The Innova Captab Limited IPO shares are expected to be listed on 29 Dec, 2023, subject to regulatory approvals and final allotment.
You can track your Innova Captab Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Innova Captab Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.