Innova Captab IPO Listing Highlights: Muted Debut! Shares list at 1.81% premium to IPO price
Innova Captab IPO Listing Highlights, Innova Captab Share Price NSE, BSE: Shares of integrated pharmaceutical company Innova Captab made a muted on the bourses today i.e. December 29. The stock was listed at Rs 456.10 on the BSE, a premium of 1.81 per cent to the issue price of Rs 448. On the National Stock Exchange, the shares were listed at Rs 452.10.
However, shares of Innova Captab surged around 14.22 per cent to hit an intraday high of Rs 521 on the BSE soon after listing.
Follow Zee Business BLOG to catch all the latest updates on Innova Captab share listing on NSE, BSE:
Innova Captab IPO Listing Highlights, Innova Captab Share Price NSE, BSE: Shares of integrated pharmaceutical company Innova Captab made a muted on the bourses today i.e. December 29. The stock was listed at Rs 456.10 on the BSE, a premium of 1.81 per cent to the issue price of Rs 448. On the National Stock Exchange, the shares were listed at Rs 452.10.
However, shares of Innova Captab surged around 14.22 per cent to hit an intraday high of Rs 521 on the BSE soon after listing.
Follow Zee Business BLOG to catch all the latest updates on Innova Captab share listing on NSE, BSE:
Latest Updates
Innova Captab IPO Listing Date today LIVE: Shares jumps after listing
After muted dubted, shares of Innova Captab jumped around 14.22 per cent to hit an intraday high of Rs 521 on the BSE.
Innova Captab IPO Listing Date today LIVE: Price settles at 0.92% premium on NSE
In the pre-opening session, Innova Captab shares settled at Rs 452.10 on the BSE, a premium of 0.92 per cent to the issue price of Rs 448.
Innova Captab IPO Listing Date today LIVE: Price settles at 1.81% premium to issue price in pre-open market
In the pre-opening session, Innova Captab shares settled at Rs 456.10 on the BSE, a premium of 1.81 per cent to the issue price of Rs 448.
Innova Captab IPO Listing Date today LIVE: Managers of the offer
ICICI Securities and JM Financial were the managers of the offer.
Innova Captab IPO Listing Date today LIVE: What does the company do?
Innova Captab is an integrated pharmaceutical company with a presence across the pharmaceuticals value chain, including research and development, manufacturing, drug distribution, marketing, and exports.
Innova Captab IPO Listing Date today LIVE: Proceeds to use for payment of debt
Proceeds from fresh issuance worth Rs 144.40 crore will be utilised for payment of debt, Rs 23.60 crore for investment in the subsidiary, UML, Rs 72 crore for funding working capital requirements, besides, a portion will be used for general corporate purposes.
Innova Captab IPO Listing Date today LIVE: Price band
The price range for the offer was Rs 426-448 a share.
Innova Captab IPO Listing Date today LIVE: Fresh equity shares of up to Rs 320 crore
The initial public offer had a fresh issue size of equity shares of up to Rs 320 crore and an offer for sale up to 5,580,357 equity shares.
Innova Captab IPO Listing Date today LIVE: QIBs fetched 116.73x subscriptions
The portion for Qualified Institutional Buyers (QIBs) fetched 116.73 times subscriptions while the quota for non-institutional investors got subscribed 64.94 times. The category for Retail Individual Investors (RIIs) received 17.15 times subscription.
Innova Captab IPO Listing Date today LIVE: Received bids for 50,16,67,683 shares
According to NSE data, the Rs 570 crore initial share sale got bids for 50,16,67,683 shares against 90,78,010 shares on offer.
Innova Captab IPO Listing Date today LIVE: IPO subscribed 55.26 times
The Initial Public Offer (IPO) of integrated pharmaceutical company Innova Captab received 55.26 times subscription on the last day of bidding on Tuesday.