Innova Captab Developers IPO Overview
You are at right place to check all the details regarding Innova Captab IPO. The dates for Innova Captab IPO is announced. The IPO will open on December 21, 2023 and will close on December 26, 2023. The IPO price band is fixed at Rs426 to Rs448 Per Share. The company aims to to raise around ₹570 Crores via this IPO. You can find complete information about Innova Captab IPO in this post.
The lot size for the application is 33 shares and hence minimum amount that you would need for this IPO (by retail investors) is ₹14,784
About Innova Captab IPO:
Innova Captab stands as an integrated pharmaceutical entity in India, engaging across the entire pharmaceutical value chain, encompassing research and development, manufacturing, drug distribution, marketing, and exports. The company’s operations comprise a contract development and manufacturing organization (“CDMO”) business, offering manufacturing services to Indian pharmaceutical firms, a domestic branded generics business, and an international branded generics business.
Within the realm of Indian formulation CDMO players assessed in the CRISIL Report for Fiscal 2022, Innova Captab achieved notable rankings: third highest in operating revenue, second highest in operating profit margin, third highest in net profit margin, and second highest in return on capital employed. The company boasts a diverse generics product portfolio exceeding 600 items, marketed under their brands in India through an extensive network of approximately 5,000 distributors and stockists, and over 150,000 retail pharmacies. Moreover, during Fiscal 2023 and the first three months of June 2023, the company successfully exported branded generic products to 20 and 16 countries, respectively.
In its commitment to innovation, Innova Captab maintains a dedicated research and development laboratory and pilot equipment at its manufacturing facility in Baddi, Himachal Pradesh, acknowledged by the Department of Scientific and Industrial Research, Ministry of Science and Technology, Government of India (“DSIR”). Furthermore, the company is in the process of establishing a new R&D center in Panchkula, Haryana. Manufacturing activities are conducted at two existing facilities in Baddi, Himachal Pradesh, and a new facility in Jammu is in the planning stages. These facilities hold Good Manufacturing Practices (“GMP”) certifications from the Health and Family Welfare Department, Himachal Pradesh, in accordance with the World Health Organization’s recommended format, along with a GMP compliance certificate from the Food, Medicine, and Health Care Administration and Control Authority, Ethiopia.
Objects of the Issue
- Repayment and/or prepayment in part or in full, of certain outstanding loans of our Company;
- Investment in our Subsidiary, UML, for repayment and/or prepayment in part or full of outstanding
- loans availed by UML;
- Funding our working capital requirements; and
- General corporate purposes
Innova Captab IPO Review (Apply or Not?)
To Be Updated Soon
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Innova Captab IPO Date & Price Band Details
| IPO Open: | December 21, 2023 |
| IPO Close: | December 26, 2023 |
| IPO Size: | ₹570 Crores |
| Fresh Issue: | ₹320 Crores |
| Offer For Sale | 5,580,357 shares |
| Face Value: | Rs10 Per Equity Share |
| IPO Price Band: | ₹426 to ₹448 Per Share |
| IPO Lot Size | 33 Shares |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
| Discount: | N/A |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Innova Captab IPO Market Lot
The Innova Captab IPO minimum market lot is 33 shares with ₹14,784 application amount. The retail investors can apply up-to 13 lots with 429 shares or ₹192,192
| Category | Lot Size | Shares | Required Amount |
| Retail Minimum | 1 | 33 | ₹14,784 |
| Retail Maximum | 13 | 429 | ₹192,192 |
| S-HNI Minimum | 14 | 462 | ₹206,976 |
| B-HNI Minimum | 68 | 2,244 | ₹1,005,312 |
Innova Captab IPO Allotment & Listing Dates
The Innova Captab IPO open date is December 20, 2023 and the close date is December 26, 2023. The Innova Captab IPO allotment will be finalized on December 27, 2023 and the IPO listing on December 29, 2023.
| Anchor Investors Allotment: | December 20, 2023 |
| IPO Open Date: | December 21, 2023 |
| IPO Close Date: | December 26, 2023 |
| Basis of Allotment: | December 27, 2023 |
| Refunds: | December 28, 2023 |
| Credit to Demat Account: | December 28, 2023 |
| IPO Listing Date: | December 29, 2023 |
Innova Captab Company Financial Report
| Year | Revenue (Cr) | Expense (Cr) | PAT (Cr) |
| 2021 | ₹412 | ₹366 | ₹34.50 |
| 2022 | ₹803 | ₹718 | ₹63.95 |
| 2023 | ₹936 | ₹844 | ₹67.95 |
Innova Captab IPO Valuation
Below is the financial details of Innova Captab for the year FY2023.
| Earning Per Share (EPS): | ₹14.16 per Equity Share |
| P/E Ratio: | – |
| Return on Net Worth (RoNW): | 24.58% |
| Debt/Equity: | ₹57.60 per Equity Share |
Company Promoters:
- Manoj Kumar Lohariwala
- Vinay Kumar Lohariwala
Competitor Companies:
- Torrent Pharmaceuticals Limited
- Laurus Labs Limited
- Ajanta Pharma Limited
- J. B. Chemicals and Pharmaceuticals Limited
- NATCO Pharma Limited
- Eris Lifesciences Limited
- Indoco Remedies Limited
- Suven Pharmaceuticals Limited
- Windlas Biotech Limited
Innova Captab IPO Registrar
KFIN Technologies Limited
Tel: +91 40 6716 2222
E-mail: innovacaptab.ipo@kfintech.com
Website: www.kfintech.com
Innova Captab IPO Lead Managers
- ICICI Securities Limited
- JM Financial Limited
Innova Captab IPO Allotment Status Check
Allotment status of Innova Captab IPO can be checked on KFintech website : Click here
Company Address of Innova Captab :
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: investors@innovacaptab.com
Website: www.innovacaptab.com
Innova Captab IPO FAQs
When Innova Captab IPO will open and close?
The IPO is to open on December 21, 2023 for QIB, NII, and Retail Investors and closes on December 26,2023
What is Innova Captab IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
What is the Innova Captab IPO Allotment Date?
Innova Captab IPO allotment date is December 27, 2023.
What is the Innova Captab IPO Listing Date?
Innova Captab IPO listing date is December 29, 2023. The IPO is to list on BSE and NSE.
How to Apply the Innova Captab IPO through Zerodha?
You can apply to this IPO through Zerodha by logging in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Innova Captab”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App like PhonePe or GooglePay etc to Approve the mandate. If you still dont have Demat account with Zerodha you can open it using this link, Open Demat Account with Zerodha.