Innova Captab Limited-Logo

Innova Captab Limited

INNOVACAP

426-448

per share
Bidding Dates
21-26 Dec
Min. Investment
₹14,058.00
Lot Size
33 shares
Issue Size
₹570 Cr
IPO Timeline
Bidding starts
21 Dec ‘23
Bidding ends
26 Dec ‘23
Allotment finalisation*
27 Dec ‘23
Refund initiation*
28 Dec ‘23
Demat transfer
28 Dec ‘23
Listing
29 Dec ‘23
* Refund is a 7-10 days process. If you don’t get refund then please contact your bank.

About  Innova Captab Limited

Incorporated 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:

Company Name Innova Captab Limited   Company Type Private
Company Established On 2005   Innova Captab Limited IPO Opening Date  21st December 2023
Innova Captab Limited IPO Closing Date  26th December 2023   Innova Captab Limited IPO Allotment Status  27th December 2023

Credit of Shares to the Demat Account 28th December 2023

  Innova Captab Limited IPO Listing Date 29th December 2023 
Innova Captab Limited IPO Face Value ₹10 per share   Innova Captab Limited IPO Lot Size 33 shares

Innova Captab Limited IPO Issue Size Approx ₹570 crore   Innova Captab Limited IPO to be Listed on BSE, NSE
Innova Captab Limited IPO Price band  ₹426 – ₹448 per share      

Financial snapshot

Particulars FY21 FY22 FY23
Revenue 410 crore 800 crore 926 crore
Net Profit 34.5 crore ₹ 63.9 crore 67.9 crore

 

 

Here’s a quick look at Innova Captab Limited IPO’s strengths, weakness, opportunities and risks (SWOT analysis)

Strengths and opportunities

  1. The integrated pharmaceutical company, which has presence across the value chain including research and development, manufacturing, drug distribution and marketing and exports.
  2. Operates in a growing industry as the Indian contract development and manufacturing organisation (CDMO) market is expected to grow at a CAGR of 12-14% between FY23 and FY28. 
  3. Well established relationships with its marquee CDMO customer base 182 as of FY23.
  4. Highly efficient operations with the production of 8,191 million tablets and 2,472 million capsules in FY23. 
  5. Rapidly growing generics businesses, which makes it well-positioned to grow as branded generics contributed to 95% of the overall generics industry in India as of FY23.
  6. Consistent financial performance with EBITDA margins of 13%, 12% and 13% in FY21, FY22 and FY23 respectively.

Risks and threats

  1. Operates in a highly competitive market with 300 to 400 organised players and approximately 15,000 unorganised players in the domestic formulations industry. 
  2. Dependent on its top 10 customers, they accounted for 54% of its total revenue from CDMO operations in FY23.
  3. Has incurred significant capital expenditure in the last three years, which makes up ₹11 crore, ₹76 crore and ₹26 crore in FY21, FY22 and FY23 respectively.
  4. Dependence on China, China SEZ and Hong Kong for raw material supplies exposes it to political, economic and social conditions in greater China. 
  5. Subject to extensive regulation. 
  6. The company is exposed to the risk associated with reforms in the healthcare industry and the uncertainty associated with pharmaceutical pricing, reimbursement and related matters. 
  7. Inability to collect receivables and default in payment as it had total trade receivables of ₹265 crore in FY23, representing over 28% of total revenue.

 

Innova Captab Limited IPO details

|Innova Captab Limited IPO date

According 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 Band

The 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: 

  1. Login to your Upstox account, using your six-digit PIN
  2. After successfully logging in, click on ‘Discover’
  3. On the Discover tab, you will find the ‘Invest in IPO’ section
  4. Under the Invest in IPO section, look for the ‘Innova Captab Limited IPO’ tab and click on it
  5. Now fill in all the required information, like ‘bid price’ and ‘lot size’
  6. Confirm and click on ‘Pre-Apply’
  7. Accept the mandate on your UPI app

 

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: 

  1. Login to your Upstox account, using your six-digit PIN
  2. After successfully logging in, click on ‘Discover’
  3. On the Discover tab, you will find the ‘Invest in IPO’ section
  4. Under the Invest in IPO section, look for the ‘Innova Captab Limited IPO’ tab and click on it
  5. Now fill in all the required information, like ‘bid price’ and ‘lot size’
  6. Confirm and click on ‘Apply’
  7. Accept the mandate on your UPI app

 

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:

  1. Login to your Upstox account, using your six-digit PIN
  2. After successfully logging in, click on ‘Discover’
  3. On the Discover page, you will find the ‘Invest in IPO’ section
  4. Under the Invest in IPO section, you will find the ‘View all’ option
  5. Once you click on ‘View all’, you will be directed to the ‘IPO’ tab
  6. In the ‘IPO’ tab, click on ‘My applications’ 
  7. In ‘My applications’, under the History section, your Innova Captab Limited IPO allotment status will be mentioned

 

Check Allotment Status

 

Open a demat account with Upstox to apply for the Innova Captab Limited IPO

To 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:

  1. Click here to visit the demat account opening page on the Upstox website. 
  2. Enter your phone number and other essential details to begin opening a demat account.
  3. Upload the scanned copies of your PAN, Aadhaar card, a cancelled cheque, and your bank statement as needed. 
  4. Complete the e-verification using the OTP sent to your registered mobile number. 

This is all it takes to open a demat account with Upstox. Easy and quick, right? 

 

Open Demat Account

 

Upstox – trading app to apply for the Innova Captab Limited IPO

Applying 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.

 

IPO analysis

Registrar information
Name
Kfin Technologies Limited
Phone number
04067162222, 04079611000
Email ID
innovacaptab.ipo@kfintech.com
Red herring prospectus
View documents submitted by company in filing to understand more details about them.

FAQs

How can you pre-apply for the Innova Captab IPO?

 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

When does pre-apply for the Innova Captab IPO open and how can you pay for it?

 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.

How to apply for Innova Captab IPO? Or How to invest in the Innova Captab IPO?

You can apply on Upstox’s website and app, once the Innova Captab IPO opens for the subscription. 

When does the Innova Captab IPO open and close 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.

What’s the lot size and minimum investment needed for the Innova Captab IPO?

 The Innova Captab lot size is 33 shares and the minimum investment required is ₹14,784.

What is the price band for the Innova Captab IPO?

The Innova Captab IPO price band is ₹426 – ₹448 per share.

What’s the size of the Innova Captab IPO?

  The size of the Innova Captab IPO is approx. ₹570 crore.

How many bids can I place for the Innova Captab IPO?

 You can place up to three bids for an application. 

Can these bids be placed at different times during the IPO subscription period?

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. 

When will Innova Captab shares be credited to your demat account?

  If shares are allotted, then they will be credited to your demat account on 28th December 2023

Which exchanges will Innova Captab shares list on? .

Innova Captab shares will be on NSE and BSE

When will Innova Captab shares list on the exchanges?

 Innova Captab shares’ listing date is 29th December 2023.

Interested in investing in an IPO?

Open free Demat + trading account and join our 1 crore+ successful users.
Already have an account with Upstox?
Login