Innova Captab IPO

Innova Captab IPO



Innova Captab is an integrated pharmaceutical company in India that launched its IPO on December 21, 2023 and closed it on December 26, 2023.

  1. The IPO was priced at ₹426 to ₹448 per share and received 55.26 times subscription on the last day of bidding.
  2. The company raised ₹570 crore from the IPO, which comprised a fresh issue of ₹320 crore and an offer for sale of ₹250 crore. 
  3. The IPO was managed by ICICI Securities Limited and Jm Financial Limited, and the shares are expected to list on BSE and NSE on December 29, 2023. 
  4. Innova Captab manufactures and markets over 600 generic products across various therapeutic areas and has a presence across the pharmaceuticals value chain. 
  5. The company has a dedicated R&D laboratory and pilot equipment located at its manufacturing facility in Baddi, Himachal Pradesh.

WHAT IS A IPO



  1. An IPO, or initial public offering, is the process by which a private company offers its shares to the public for the first time. 
  2. The main purposes of an IPO are to raise capital, create a public market for the company’s shares, and increase the company’s visibility and credibility. 
  3. An IPO involves several steps, such as filing a draft prospectus with the market regulator, getting approval from the stock exchanges, determining the issue price and size, and allotting the shares to the investors.
  4.  An IPO can be a risky investment, as the share price may fluctuate depending on the market conditions and the company’s performance. Therefore, investors should do their own research and analysis before investing in an IPO.
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