About Innova Captab LimitedIncorporated in 2005, Innova Captab Limited is an integrated pharmaceutical company in India. It primarily operates businesses like contract manufacturing that provide manufacturing services to pharmaceutical companies, a domestic branded generics business and an international branded generics business. In FY23, the company had 182 CDMO customers and manufactured a diverse generics product portfolio of over 600 products. These products were distributed by ~5,000 distributors, stockists and over 1,50,000 retail pharmacies in India. It also exported its branded generic products to 20 countries in FY23. It has two manufacturing facilities in Baddi, Himachal Pradesh and plans for a new facility in Jammu. It has a dedicated R&D laboratory and pilot equipment located at its manufacturing facility in Baddi, Himachal Pradesh, recognized by the Department of Scientific and Industrial Research (DSIR). It employs a team of 29 scientists and engineers as of 31 October 2021. Under its CDMO business, some of its key customers include Cipla, Glenmark Pharmaceuticals, Wockhardt, Corona Remedies, Emcure Pharmaceuticals, Lupin, Intas Pharmaceuticals, Leeford Healthcare, Medley Pharmaceuticals, Cachet Pharmaceuticals and more. Under its branded generic business, it develops, manufactures and distributes generic formulation products under its own brand names through online and offline channels. Between FY21 and FY23, the company saw a CAGR rise of 31% in its revenue from operations and 25% in its profit. Moreover, the Indian domestic formulation market is expected to grow at a 9-10% CAGR between FY23 and FY28 which could benefit the company. And now, Innova Captab Limited is coming out with its initial public offer (IPO). The IPO will be an offer for sale as well as a fresh issue. The money raised through the fresh issue will be utilised to repay borrowings, fund capital expenditure, invest in its subsidiary and for general corporate purposes. Its shares will be listed on the NSE and the BSE. Here are key details about the Innova Captab Limited IPO:
Financial snapshot
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Here’s a quick look at Innova Captab Limited IPO’s strengths, weakness, opportunities and risks (SWOT analysis)Strengths and opportunities
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Innova Captab Limited IPO details|Innova Captab Limited IPO dateAccording to the offer document filed by the company with the SEBI, the Innova Captab IPO’s opening date – in other words, the Innova Captab IPO launch date – will be 21st December 2023. The Innova Captab IPO closing date is 26th December 2023. After this, investors will be updated about the allotment status on 27th December 2023. Investors, who have been allotted shares, can expect them to be credited to their demat account on 28th December 2023. The Innova Captab IPO listing date is 29th December 2023. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE. |Innova Captab Limited IPO Price BandThe IPO is an offer for sale as well as a fresh issue. The Innova Captab IPO price band has been set between ₹426 and ₹448 per share. Interested investors can choose a price within this band to apply for the IPO. The Innova Captab IPO listing price will be determined on 29th December 2023. The listing price is the price at which a company’s shares debut on the stock exchanges. .|Innova Captab Limited IPO Lot size The Innova Captab IPO details have been declared. The Innova Captab IPO lot size is set at 33 shares and an investor can apply for a minimum of 1 lot. Meanwhile, the Innova Captab IPO issue size is approx ₹570 crore. |
How to pre-apply for the Innova Captab Limited IPO?You can pre-apply for the Innova Captab Limited IPO on Upstox. The pre-application for this IPO, which means pre-apply open date, usually begins a day before the IPO opens for subscription. Follow these steps to pre-apply for the IPO:
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How to apply for the Innova Captab Limited IPO?If you are interested in this investment opportunity but unsure how to apply for the Innova Captab Limited IPO, here we are listing out the steps for you. When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the Innova Captab Limited IPO on Upstox:
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How to check the Innova Captab LimitedIPO allotment status?When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes. Here’s a step-by-step guide on how to check the Innova Captab Limited IPO allotment status:
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Open a demat account with Upstox to apply for the Innova Captab Limited IPOTo apply for the Innova Captab Limited IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app. Here is a step-by-step guide on how to open a demat account with Upstox:
This is all it takes to open a demat account with Upstox. Easy and quick, right?
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Upstox – trading app to apply for the Innova Captab Limited IPOApplying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India. You can apply for the Innova Captab Limited IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero. In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy. |
Pre-applying for the Innova Captab IPO means applying for this public issue before it goes live. Click here to pre-apply for the Innova Captab IPO on Upstox
You can pre-apply for the Innova Captab IPO from 19 December 2023. Once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.
You can apply on Upstox’s website and app, once the Innova Captab IPO opens for the subscription.
The Innova Captab IPO launch date is 21st December 2023. The Innova Captab IPO will be open for subscription till 26th December 2023.
The Innova Captab lot size is 33 shares and the minimum investment required is ₹14,784.
The Innova Captab IPO price band is ₹426 – ₹448 per share.
The size of the Innova Captab IPO is approx. ₹570 crore.
You can place up to three bids for an application.
No, the bids have to be placed in one go. If you want to add an additional bid, then you would have to delete your application and re-apply.
If shares are allotted, then they will be credited to your demat account on 28th December 2023
Innova Captab shares will be on NSE and BSE
Innova Captab shares’ listing date is 29th December 2023.