Innova Captab IPO Price: ₹426 - ₹448
IPO Date Range: Dec 21, 2023 - Dec 26, 2023
Established in January 2005, Innova Captab represents a comprehensive pharmaceutical entity that covers the entire spectrum of the pharmaceutical industry.
Innova Captab Limited operates across three core business segments. Firstly, it specializes in providing contract development and manufacturing services to Indian pharmaceutical firms. Secondly, it runs a domestic operation focused on branded generics. Lastly, the company engages in an international trade dealing with branded generics.
The company boasts a diverse product portfolio encompassing tablets, capsules, dry syrups, dry powder injections, ointments, and liquid medicines. By October 31, 2023, the company had secured 200 active product registrations, with 20 registrations awaiting renewal with international authorities. Additionally, there were 218 new registration applications under processing with these authorities.
During the financial year 2023 and the three months concluding on June 30, 2023, the company successfully manufactured and sold over 600 distinct types of generics. These products were strategically distributed under the company's brand umbrella across India through a robust network consisting of approximately 5,000 distributors, stockists, and an extensive network of over 150,000 retail pharmacies. Furthermore, Innova Captab expanded its reach globally by exporting branded generic products to 20 countries in FY2023 and 16 countries in the three months ending June 30, 2023.
As of October 31, 2023, the company's research and development laboratory employed a team of 29 dedicated scientists and engineers. Innova Captab's manufacturing facility is situated in Buddi, Haryana.
| IPO Date | December 21, 2023 to December 26, 2023 |
| Listing Date | Friday, December 29, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹426 to ₹448 per share |
| Lot Size | 33 shares |
| Total Issue Size | [.] shares (aggregating up to ₹570.00 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹320.00 Cr) |
| Offer For Sale | 5,580,357 shares (aggregating up to ₹250.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 50,082,072 |
Investors have the option to bid for a minimum of 33 shares, and they can bid in multiples of this amount. The table below outlines the minimum and maximum investment amounts for retail investors and HNIs, both in terms of shares and total value.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 33 | ₹14,784 |
| Retail (Max) | 13 | 429 | ₹192,192 |
| S-HNI (Min) | 14 | 462 | ₹206,976 |
| S-HNI (Max) | 67 | 2,211 | ₹990,528 |
| B-HNI (Min) | 68 | 2,244 | ₹1,005,312 |
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
| IPO Open Date | Thursday, December 21, 2023 |
| IPO Close Date | Tuesday, December 26, 2023 |
| Basis of Allotment | Wednesday, December 27, 2023 |
| Initiation of Refunds | Thursday, December 28, 2023 |
| Credit of Shares to Demat | Thursday, December 28, 2023 |
| Listing Date | Friday, December 29, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 26, 2023 |
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Between March 31, 2023, and March 31, 2022, Innova Captab Limited saw its revenue go up by 16.45%, while its profit after tax (PAT) increased by 6.26%.
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 | 30 June 2023 |
|---|---|---|---|---|
| Assets | 369.62 | 575.48 | 704.41 | 1086.16 |
| Revenue | 412.03 | 803.41 | 935.58 | 234.37 |
| Profit After Tax | 34.50 | 63.95 | 67.95 | 17.59 |
| Net Worth | 144.78 | 208.56 | 276.46 | 294.27 |
| Reserves & Surplus | 132.82 | 196.61 | 67.90 | 228.51 |
| Total Borrowings | 45.03 | 198.18 | 235.19 | 441.90 |
| KPI | Values |
|---|---|
| P/E (x) | 31.64 |
| Market Cap (₹ Cr.) | 2563.7 |
| ROE | 24.58% |
| ROCE | 22.61% |
| Debt/ Equity | 0.85 |
| EPS (Rs) | 14.16 |
| RoNW | 24.58% |
The Company intends to use the Net Proceeds from the Fresh Issue for the following purposes:
Prospectus: Official documents that provide detailed information about the IPO and the company. Innova Captab IPO DRHP and Innova Captab IPO RHP.
An IPO, or Initial Public Offering, is the process by which a private company offers its shares to the public for the first time to raise capital.
Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.
The price range for the"Innova Captab Limited" IPO is ₹426 to ₹448 per share.
The "Innova Captab Limited" IPO is expected to be listed on Friday, 29 December 2023.
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