Innova Captab IPO: The month of December has been very important in terms of IPO. This month, IPOs of many big companies have come in the market. Today the IPO of another big healthcare company Innova Captab has opened. Innova Captab is trying to raise a total of Rs 570 crore through this issue. If you are also thinking of bidding in this IPO, then we are telling you about all its details.
Know about important dates related to IPO-
Innova Captab's IPO is opening for investors between December 21 and December 26. The face value of shares in this IPO is Rs 10. The company has decided that investors will have to buy a lot of at least 33 shares. Whereas retail investors can bid for a maximum of 13 lots i.e. a total of 429 shares. In such a situation, retail investors can bring a bid of minimum Rs 14,784 and maximum Rs 1,92,192. The company will allot shares to subscribers on December 26. Whereas unsuccessful investors will get their refund on December 28. Shares will be transferred to the demat account only on December 28. Listing of shares will take place on BSE and NSE on December 28.
How much was the price band fixed?
The company has fixed the price band of Innova Captab's IPO between Rs 426 to Rs 448. Out of this IPO of Rs 570 crore, fresh shares worth Rs 320 crore are being issued. Shares worth Rs 250 crore are being sold through offer for sale. In this IPO, the company has reserved 50 percent share for Qualified Institutional Buyers (QIB), 35 percent share for retail investors and 15 percent share for high net individuals.
How is the condition of GMP?
The GMP of Innova Captab IPO is indicating a strong listing. The IPO is currently at GMP of Rs 211. In such a situation, if this situation continues till the day of listing, then investors can get a huge profit of 47.1 percent and the shares can be listed on BSE and NSE at Rs 659.
Where will the funds be used?
Innova Captab is a pharma company of Himachal Pradesh, which works in the health sector. The company will use the money raised through this IPO to repay the loan of Rs 186 crore. While some amount will be used to meet working capital needs and some for corporate purposes.
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