Innova Captab Limited
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Dec 21 to Dec 26, 2023
Price Band
₹426-448
Current GMP
₹452.1 (0.92%)
Subscription
56.33 times
IPO Details
| IPO Date | December 21, 2023 to December 26, 2023 |
| Listing Date | Friday, December 29, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹426 to ₹448 per share |
| Lot Size | 33 Shares |
| Total Issue Size | 12,723,214 shares (aggregating up to ₹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) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 50,082,072 |
| Share holding post issue | 57,224,929 |
IPO Date
December 21, 2023 to December 26, 2023
Listing Date
Friday, December 29, 2023
Face Value
₹10 per share
Price Band
₹426 to ₹448 per share
Lot Size
33 Shares
Total Issue Size
12,723,214 shares (aggregating up to ₹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)
Issue Type
Book Built Issue IPO
Listing At
BSE, NSE
Share holding pre issue
50,082,072
Share holding post issue
57,224,929
IPO Subscription Details
| Anchor Investors | 1 |
| Qualified Institutions | 116.15 |
| Non-Institutional Buyers | 66.83 |
| bNII (bids above ₹10L) | 73.67 |
| sNII (bids below ₹10L) | 53.14 |
| Retail Investors | 17.64 |
| Total ** | 56.33 |
Anchor Investors
1
Qualified Institutions
116.15
Non-Institutional Buyers
66.83
bNII (bids above ₹10L)
73.67
sNII (bids below ₹10L)
53.14
Retail Investors
17.64
Total **
56.33
Day Wise Sub
| Day | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Day 1 Dec 21, 2023 | 0.44 | 1.00 | 2.26 | 1.47 |
| Day 2 Dec 22, 2023 | 1.08 | 3.38 | 5.22 | 3.64 |
| Day 3 Dec 26, 2023 | 116.15 | 66.83 | 17.64 | 56.33 |
DayDay 1
Dec 21, 2023
QIB0.44
NII1.00
Retail2.26
Total1.47
DayDay 2
Dec 22, 2023
QIB1.08
NII3.38
Retail5.22
Total3.64
DayDay 3
Dec 26, 2023
QIB116.15
NII66.83
Retail17.64
Total56.33
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 29-12-2023 | 448.00 | 32 (7.14%) | 480 |
| 28-12-2023 | 448.00 | 32 (7.14%) | 480 |
| 27-12-2023 | 448.00 | 86 (19.2%) | 534 |
| 26-12-2023 | 448.00 | 121 (27.01%) | 569 |
| 25-12-2023 | 448.00 | 140 (31.25%) | 588 |
| 24-12-2023 | 448.00 | 160 (35.71%) | 608 |
| 23-12-2023 | 448.00 | 160 (35.71%) | 608 |
| 22-12-2023 | 448.00 | 100 (22.32%) | 548 |
| 21-12-2023 | 448.00 | 100 (22.32%) | 548 |
| 20-12-2023 | 448.00 | 211 (47.1%) | 659 |
| 19-12-2023 | 448.00 | 210 (46.88%) | 658 |
| 18-12-2023 | 448.00 | 210 (46.88%) | 658 |
| 17-12-2023 | 448.00 | 210 (46.88%) | 658 |
| 16-12-2023 | 448.00 | 210 (46.88%) | 658 |
Date29-12-2023
Price448.00
GMP32 (7.14%)
Estimate List Price480
Date28-12-2023
Price448.00
GMP32 (7.14%)
Estimate List Price480
Date27-12-2023
Price448.00
GMP86 (19.2%)
Estimate List Price534
Date26-12-2023
Price448.00
GMP121 (27.01%)
Estimate List Price569
Date25-12-2023
Price448.00
GMP140 (31.25%)
Estimate List Price588
Date24-12-2023
Price448.00
GMP160 (35.71%)
Estimate List Price608
Date23-12-2023
Price448.00
GMP160 (35.71%)
Estimate List Price608
Date22-12-2023
Price448.00
GMP100 (22.32%)
Estimate List Price548
Date21-12-2023
Price448.00
GMP100 (22.32%)
Estimate List Price548
Date20-12-2023
Price448.00
GMP211 (47.1%)
Estimate List Price659
Date19-12-2023
Price448.00
GMP210 (46.88%)
Estimate List Price658
Date18-12-2023
Price448.00
GMP210 (46.88%)
Estimate List Price658
Date17-12-2023
Price448.00
GMP210 (46.88%)
Estimate List Price658
Date16-12-2023
Price448.00
GMP210 (46.88%)
Estimate List Price658
IPO Important Dates
| IPO Open Date | Thursday, December 21, 2023 |
| IPO Close Date | Tuesday, December 26, 2023 |
| Basis of Allotment | Wednesday, December 27, 2023 |
| Initiation of Refunds | Thursday, December 28, 2023 |
| Credit of Shares to Demat | Thursday, December 28, 2023 |
| Listing Date | Friday, December 29, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 26, 2023 |
IPO Open Date
Thursday, December 21, 2023
IPO Close Date
Tuesday, December 26, 2023
Basis of Allotment
Wednesday, December 27, 2023
Initiation of Refunds
Thursday, December 28, 2023
Credit of Shares to Demat
Thursday, December 28, 2023
Listing Date
Friday, December 29, 2023
Cut-off time for UPI mandate confirmation
5 PM on December 26, 2023
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 33 | ₹14,784 |
| Retail (Max) | 13 | 429 | ₹192,192 |
| S-HNI (Min) | 14 | 462 | ₹206,976 |
| S-HNI (Max) | 67 | 2,211 | ₹990,528 |
| B-HNI (Min) | 68 | 2,244 | ₹1,005,312 |
ApplicationRetail (Min)
Lots1
Shares33
Amount₹14,784
ApplicationRetail (Max)
Lots13
Shares429
Amount₹192,192
ApplicationS-HNI (Min)
Lots14
Shares462
Amount₹206,976
ApplicationS-HNI (Max)
Lots67
Shares2,211
Amount₹990,528
ApplicationB-HNI (Min)
Lots68
Shares2,244
Amount₹1,005,312
Financial Information
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 1,086.16 | 704.41 | 575.48 |
| Revenue | 234.37 | 935.58 | 803.41 |
| Profit After Tax | 17.59 | 67.95 | 63.95 |
| Net Worth | 294.27 | 276.46 | 208.56 |
| Reserves and Surplus | 317.51 | 228.51 | 196.61 |
| Total Borrowing | 441.90 | 235.19 | 198.18 |
Period EndedPeriod Ended
30 Jun 202330 Jun 2023
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
30 Jun 20231,086.16
31 Mar 2023704.41
31 Mar 2022575.48
Period EndedRevenue
30 Jun 2023234.37
31 Mar 2023935.58
31 Mar 2022803.41
Period EndedProfit After Tax
30 Jun 202317.59
31 Mar 202367.95
31 Mar 202263.95
Period EndedNet Worth
30 Jun 2023294.27
31 Mar 2023276.46
31 Mar 2022208.56
Period EndedReserves and Surplus
30 Jun 2023317.51
31 Mar 2023228.51
31 Mar 2022196.61
Period EndedTotal Borrowing
30 Jun 2023441.90
31 Mar 2023235.19
31 Mar 2022198.18
Key Performance Indicator
| P/E (x) | 31.64 |
| Post P/E (x) | 36.42 |
| Market Cap (₹ Cr.) | 2563.7 |
| ROE | 24.58% |
| ROCE | 22.61% |
| Debt/Equity | 0.85 |
| EPS (Rs) | 14.16 |
P/E (x)
31.64
Post P/E (x)
36.42
Market Cap (₹ Cr.)
2563.7
ROE
24.58%
ROCE
22.61%
Debt/Equity
0.85
EPS (Rs)
14.16
IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 3,816,963 (30.00%) | NA |
| QIB Shares Offered | 2,544,643 (20.00%) | NA |
| NII (HNI) Shares Offered | 1,908,482 (15.00%) | |
| bNII > ₹10L | 1,272,322 (10.00%) | 2,753 |
| sNII < ₹10L | 636,161 (5.00%) | 1,376 |
| Retail Shares Offered | 4,453,125 (35.00%) | 134,943 |
| Total Shares Offered | 12,723,213 (100%) |
Investor CategoryAnchor Investor Shares Offered
Shares Offered3,816,963 (30.00%)
Maximum AllotteesNA
Investor CategoryQIB Shares Offered
Shares Offered2,544,643 (20.00%)
Maximum AllotteesNA
Investor CategoryNII (HNI) Shares Offered
Shares Offered1,908,482 (15.00%)
Maximum Allottees
Investor CategorybNII > ₹10L
Shares Offered1,272,322 (10.00%)
Maximum Allottees2,753
Investor CategorysNII < ₹10L
Shares Offered636,161 (5.00%)
Maximum Allottees1,376
Investor CategoryRetail Shares Offered
Shares Offered4,453,125 (35.00%)
Maximum Allottees134,943
Investor CategoryTotal Shares Offered
Shares Offered12,723,213 (100%)
Maximum Allottees
Information about company
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.
Disclaimer
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