Innova Captab IPO GMP, Price, Date, Allotment

Last updated on December 30, 2023

Innova Captab IPO Description – Innova Captab stands as a comprehensive pharmaceutical firm based in India, spanning the entire spectrum of the pharmaceutical value chain. This includes engagement in research and development, the manufacturing process, distribution, as well as marketing and exports of pharmaceutical products.

The company business includes (i) a contract development and manufacturing organization (CDMO) business providing manufacturing services to Indian pharmaceutical companies, (ii) a domestic branded generics business, and (iii) an international branded generics business.

In the period concluding on 31 December 2021, Innova Captab boasted 164 CDMO customers. The company produces a wide-ranging portfolio of over 400 generic products, which are marketed under its proprietary brands within the Indian market. This is facilitated through an extensive network comprising around 3,400 distributors and stockists, along with an impressive presence in over 96,000 retail pharmacies. Innova Captab exported its branded generic products to 17 countries. As of 30 April 2022, the company has a dedicated team of 20 scientists and engineers operating at its research and development laboratory.

Innova Captab markets its domestic branded generic products through an extensive network of distributors, stockists, and pharmacies covering the entire Indian subcontinent. Additionally, these generic drug products are accessible online through various e-commerce pharmacy platforms. The sales of CDMO products have experienced remarkable growth, surging by 97.90% from 954 in Fiscal 2019 to 1,888 in the nine months concluding on 31 December 2021, on a restated consolidated basis.

Promoters of Innova Captab – Manoj Kumar Lohariwala, and Vinay Kumar Lohariwala

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Innova Captab IPO Details

Innova Captab IPO Dates	21 – 26 December 2023
Innova Captab IPO Price	INR 426 – 448 per share
Fresh issue	7,142,857 shares (INR 304.29 – 320 crore)
Offer For Sale	5,580,357 shares (INR 237.72 – 250 crore)
Total IPO size	12,723,214 shares (INR 542.01 – 570 crore)
Minimum bid (lot size)	33 shares (INR 14,784)
Face Value	INR 10 per share
Retail Allocation	35%
Listing On	BSE, NSE

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Innova Captab Financial Performance

	FY 2021	FY 2022	FY 2023	Q1 FY 2024
Revenue	410.66	800.53	926.38	233.24
Expenses	365.69	717.69	843.78	209.77
Net income	34.50	63.95	67.95	17.59
Margin (%)	8.40	7.99	7.34	7.54

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Innova Captab Offer News

• Innova Captab RHP
• Innova Captab DRHP
• ASBA IPO Forms
• Live IPO Subscription Status
• IPO Subscription Status

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Innova Captab Valuations & Margins

	FY 2021	FY 2022	FY 2023
EPS	7.19	13.32	14.16
PE ratio	–	–	30.08 – 31.64
RONW (%)	23.83	30.66	24.58
NAV	30.16	43.45	57.60
ROCE (%)	26.54	23.46	22.61
EBITDA (%)	13.60	12.35	13.26
Debt/Equity	0.31	0.95	0.85

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Innova Captab IPO GMP Today (Daily Trend)

Date	Day-wise IPO GMP	Kostak	Subject to Sauda
28 December 2023	70	–	2,300
27 December 2023	120	–	3,100
26 December 2023	130	–	3,100
23 December 2023	100	–	2,700
22 December 2023	100	–	3,000
21 December 2023	150	–	5,000
20 December 2023	210	–	5,200
19 December 2023	210	–	5,200
18 December 2023	200	–	5,100

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Innova Captab IPO Subscription – Live Updates

	QIB	NII	Retail	Total
Shares Offered	25,31,962	19,63,815	45,82,233	90,78,010
26 Dec 2023	116.73	64.95	17.15	55.26
22 Dec 2023	1.09	3.40	5.36	3.75
21 Dec 2023	0.44	0.96	2.13	1.41

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Innova Captab IPO Allotment Status

Innova Captab IPO allotment status is now available on the KFin Tech website. Click on this link to get allotment status.

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Innova Captab IPO Dates & Listing Performance

Innova Captab IPO Opening Date	21 December 2023
Innova Captab IPO Closing Date	26 December 2023
Finalization of Basis of Allotment	27 December 2023
Initiation of refunds	28 December 2023
Transfer of shares to demat accounts	28 December 2023
Innova Captab IPO Listing Date	29 December 2023
Opening Price on NSE	INR 452.10 per share (up 0.92%)
Closing Price on NSE	INR 541.40 per share (up 20.85%)

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Innova Captab IPO Reviews – Subscribe or Avoid?

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Capital Market – Neutral
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Motilal Oswal –
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Religare Broking –
SBICAP Securities – Subscribe for long term horizon
Samco Securities – Subscribe for listing gains
SMC Global – 2/5
Systematix Research – Not Rated
Swastika Investmart – Subscribe
Ventura Securities – Subscribe

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Innova Captab Offer Lead Manager

ICICI SECURITIES LIMITED
ICICI Venture House, Appasaheb Marathe Marg
Prabhadevi, Mumbai 400 025, Maharashtra
Phone: +91 22 6807 7100
Email: [email protected]
Website: www.icicisecurities.com

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Innova Captab Offer Registrar

KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222
E-mail: [email protected]
Website: www.kfintech.com

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Innova Captab Contact Details

INNOVA CAPTAB LIMITED
Office No. 606, Ratan Galaxie – 6th Floor,
Plot No. 1, J. N. Road, Mulund (W),
Mumbai, Maharashtra 400 080
Phone: 91 22 2564 2095
Email: [email protected]
Website: www.innovacaptab.com

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Innova Captab IPO FAQs