Innova Captab Limited's IPO marks a significant milestone for this integrated pharmaceutical entity scheduled from December 21st to December 26th, 2023. The IPO comprises a fresh issue amounting to Rs. 320 crore and an Offer-for-Sale (OFS) of 5,580,357 shares valued at Rs. 250 crore, culminating in a substantial IPO size of Rs. 570 crore.
On December 27th, the shares will be allotted, and by December 29th, the IPO is set for listing on the stock exchanges. With a price band ranging between Rs. 426 to Rs. 448 per share and a lot size of 33 shares, this offering presents an opportunity for investors.
The book-running lead managers for this IPO are ICICI Securities Limited and JM Financial Limited, while KFin Technologies Limited assumes the role of registrar. Innova Captab Limited's IPO not only signifies its growth trajectory but also reflects investor interest in the pharmaceutical sector's potential.
Founded in January 2005, Innova Captab Limited operates across three distinct business verticals within the pharmaceutical domain. Primarily, it specializes in rendering contract development and manufacturing services to Indian pharmaceutical firms. Additionally, the company actively engages in the domestic market by trading branded generics and extends its reach internationally through a separate arm dedicated to branded generics.
The company boasts a comprehensive product portfolio encompassing tablets, capsules, dry syrups, dry powder injections, ointments, and liquid medicines, reflecting its diverse offerings in pharmaceuticals.
Throughout the fiscal year 2023 and the three-month period ending June 30, 2023, Innova Captab witnessed the production and sale of over 600 varied generics. These products found distribution through the company's proprietary brands across the Indian market, facilitated by a robust network comprising approximately 5,000 distributors and stockists, in addition to over 150,000 retail pharmacies.
Moreover, Innova Captab's global footprint expanded significantly as it exported branded generic products to 20 countries during FY2023 and to 16 countries within the three months concluded on June 30, 2023. This strategic outreach underscores the company's commitment to both domestic and international market expansion, consolidating its position as a prominent player in the pharmaceutical sector.
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Innova Captab Limited is gearing up for its IPO scheduled to be available for subscription from December 21st to December 26th, 2023. Allocation of shares is set for December 27th, 2023, with the IPO slated for listing on the stock exchanges on December 29th, 2023.
IPO Opening Date: The IPO subscription for Innova Captab Limited begins on Thursday, December 21, 2023.
IPO Closing Date: Investors can subscribe to the IPO until Tuesday, December 26, 2023.
Basis of Allotment: The basis of allotment for the IPO will be determined on Wednesday, December 27, 2023.
Initiation of Refunds: Refunds for the IPO will be initiated starting Thursday, December 28, 2023.
Credit of Shares to Demat: Share allotments will be credited to Demat accounts on Thursday, December 28, 2023.
Listing Date: Innova Captab Limited's IPO is set to be listed on Friday, December 29, 2023.
Cut-off Time for UPI Mandate Confirmation: The deadline for confirming UPI mandates is 5 PM on December 26, 2023, ensuring timely processing for interested investors.
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| IPO Date | 21st to 26th December 2023 |
| Listing Date | 29th December 2023 |
| Face Value | Rs. 10 per share |
| Price Band | Rs. 426 to Rs. 448 per share |
| Lot Size | 33 Shares |
| Total Issue Size | 12,723,214 shares (aggregating up to Rs. 570.00 Cr) |
| Fresh Issue | 7,142,857 shares (aggregating up to Rs. 320.00 Cr) |
| Offer for Sale | 5,580,357 shares of Rs. 10 (aggregating up to Rs. 250.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE and NSE |
| Share holding pre issue | 50,082,072 |
| Share holding post issue | 57,224,929 |
Between March 31, 2022, and March 31, 2023, Innova Captab Limited experienced a notable 16.45% surge in revenue, accompanied by a 6.26% increase in their profit after tax (PAT). This upward trajectory signifies the company's sustained growth and financial stability during this period.
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,086.16 | 704.41 | 575.48 | 369.62 |
| Revenue | 234.37 | 935.58 | 803.41 | 412.03 |
| Profit After Tax | 17.59 | 67.95 | 63.95 | 34.50 |
| Net Worth | 294.27 | 276.46 | 208.56 | 144.78 |
| Reserves and Surplus | 317.51 | 228.51 | 196.61 | 132.82 |
| Total Borrowing | 441.90 | 235.19 | 198.18 | 45.03 |
| Amount in Rs. Crore | ||||
What is Innova Captab IPO?
The Innova Captab IPO represents a main-board offering of 12,723,214 equity shares valued at Rs. 10 each, totaling an aggregate of Rs. 570.00 Crores. Priced within the range of Rs. 426 to Rs. 448 per share, the minimum order quantity stands at 33 shares. This IPO window opens on December 21, 2023, and concludes on December 26, 2023.
When Innova Captab IPO will open for apply?
The Innova Captab IPO is scheduled to open for application on December 21, 2023.
What are the minimum lot size and investment needed for participating in the Innova Captab IPO?
The Innova Captab IPO mandates a minimum lot size of 33 shares, necessitating an investment totaling Rs. 14,058.
When is Innova Captab IPO allotment date?
The allotment date for the Innova Captab IPO is expected to be finalized on Wednesday, December 27, 2023.
What is the Innova Captab IPO listing date?
The Innova Captab IPO is anticipated to be listed on the BSE and NSE platform with a tentative listing date set for Friday, December 29, 2023.
What is the price band of Innova Captab IPO?
The price band for the Innova Captab IPO is set between Rs. 426 to Rs. 448 per share.
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