Innova Captab Limited IPO is set to launch on 21 December, 2023. The company initiated its business operations in the year 2005. The company is involved in the business of pharmaceuticals. Business model of the company is divided into 3 segments. First segment includes domestic business dealings in generic medicines. Second segment is for international business in generic medicine dealings. Third segment includes contract manufacturing and development services to Indian Pharma companies. The product portfolio of the company includes capsules, tablets, dry powder injections, dry syrups, liquid medicines, ointments etc. In all the company has a team of 29 scientists for R&D. The network of the company includes 5000 distributors, 150000 retail pharmacies with more than 600 products.
Innova Captab Limited IPO DETAILS
Innova Captab Limited IPO is set to launch on 21 December, 2023. The subscription timeline extends till 26 December, 2023. The size for the IPO is 570 Crore Rs. Shares issued through fresh issue mode are worth Rs 320 Crore. Shares issued through offer for sale mode are worth Rs 250 Crore. The lot size is 33 shares and the price is 426 Rs to 448 Rs per share. The company is going to get listed at both NSE and BSE. The face value per share is Rs. 10 and this is a Book Built issue. The registrar for the company is Kfin Technologies Limited.
Tabular Description of Innova Captab Limited IPO
| IPO OPENING DATE | 21 December, 2023 |
| CLOSING DATE FOR IPO | 26 December, 2023 |
| ISSUE TYPE | Book Built Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | 426 Rs. to 448 Rs. per share |
| LOT SIZE | 33 shares |
| MINIMUM ORDER QUANTITY | 33 shares |
| ISSUE SIZE | 570 Crore Rs. |
| OFFER FOR SALE | 250 Crore Rs. |
| FRESH ISSUE | 320 Crore Rs. |
| LISTING AT | NSE, BSE |
| LISTING DATE | 29 December, 2023 |
Innova Captab Limited IPO : IMPORTANT DATES
| IPO OPENING DATE | 21 December, 2023 |
| CLOSING DATE FOR IPO | 26 December, 2023 |
| IPO ALLOTMENT DATE | 27 December, 2023 |
| REFUNDS | 28 December, 2023 |
| DEMAT A/C CREDITED ON | 28 December, 2023 |
| IPO LISTING DATE | 29 December, 2023 |
Innova Captab Limited IPO begins for subscription from 21 December, 2023. The IPO subscription would continue till 26 December, 2023. The allotment status for the shareholders who applied would come on 27 December, 2023. The refunds for the ones who did not get allotment would be initiated on 28 December, 2023. The DEMAT accounts of shareholders would be credited on 28 December, 2023. The listing of the company would be completed on 29 December, 2023.
Innova Captab Limited IPO : Lead Managers
The lead managers are :
- JM Financial Limited
- ICICI Securities Limited
The minimum lot size for the company is decided at 33 shares. This holding accounts to 14784 Rs.. The maximum lot size is decided at 429 shares. This amounts to 192192 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 33 shares | 14784 Rs. |
| Maximum | 429 shares | 192192 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The company will use the IPO money for further working capital requirements.
- With the IPO money the company might pay its outstanding loans.
COMPANY FINANCIALS
| Particularly (in Crore Rs.) | 2020-21 | 2021-22 | 2022-23 |
| ASSETS | 369 | 575 | 704 |
| Revenue | 412 | 803 | 935 |
| PAT | 34 | 63 | 67 |
Innova Captab Limited had an asset base of 369 Crore Rs in 2021 which increased to 575 Crore Rs in 2022 and 704 Crore Rs in 2023. The revenue of the firm was 412 Crore Rs in 2021 which almost doubled to 803 Crore Rs in 2022. The revenue increased to 935 Crore Rs in 2023. The profit of the firm was 34 Crore Rs in 2021, 63 Crore Rs in 2022 and 67 Crore Rs in 2023.
PROS
- Business model of the company is divided into 3 segments. First segment includes domestic business dealings in generic medicines. Second segment is for international business in generic medicine dealings. Third segment includes contract manufacturing and development services to Indian Pharma companies.
- The product portfolio of the company includes capsules, tablets, dry powder injections, dry syrups, liquid medicines, ointments etc.
- In all the company has a team of 29 scientists for R&D.
- The network of the company includes 5000 distributors, 150000 retail pharmacies with more than 600 products.
CONS
- The company works in a highly competitive segment.
Innova Captab Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the Innova Captab Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
