Innova Captab IPO: Know GMP, how to check share allotment, listing date and all other details – Times of India

Innova Captab IPO Listing: Share allocation for innova captab IPO It is likely to be completed today or tomorrow evening. Investors will receive their shares through a lottery system, overseen by a designated registrar.
According to ET, on the date of allotment, investors will know the number of shares allotted to them based on their bids. To check allotment status, simply either BSE website or registrar’s website and follow these simple steps.
How to Check Allotment Status on BSE

  1. Visit the BSE website.
  2. Select the Issue Name (Company Name) from the drop-down menu.
  3. Enter the application number or PAN number to access the allotment status.

Innova Captab GMP and Listing History
Shares of Innova Captab are expected to become available for trading on December 29. According to market sources, a premium of Rs 140 is expected for the Innova Captab in the unlisted market. With an upper price band set at Rs 449, the stock is likely to debut at a 31% premium. At this upper price band, the company is worth 34 times its FY23 earnings.

Innova Captab IPO Membership

The Innova Captab IPO experienced strong demand with a subscription rate of 55.26 times on the last day of bidding. 50,16,58,245 shares were bid against the available 90,78,010 shares. The Qualified Institutional Buyer (QIB) share was subscribed 116.73 times, the Non Institutional Investor (NII) share 64.94 times, and the Retail category 17.15 times.
Objective of Innova Captab IPO
The funds raised from the IPO will be used by the company for various purposes. This includes repayment of outstanding loans, investment in subsidiary UML to settle loans, support working capital requirements, and meet general corporate needs.

About Innova Captab
Innova Captab is an integrated pharmaceutical company in India, engaged in various aspects of the pharmaceutical value chain such as research and development, manufacturing, drug distribution, marketing and exports. For FY2023, the company recorded a 16% year-on-year growth in operational revenue, which stood at Rs 926 crore, and a marginal increase in profit after tax to Rs 67.9 crore.
ICICI Securities and JM Financial are the nominated book-running lead managers for Inova Captab’s IPO, and KFin Technologies acts as the offer registrar. Stay tuned for more updates on the exciting developments in Innova Captab’s IPO journey.

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