Innova Captab IPO Status Allotment, Listing Price

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Integrated pharmaceutical company Inova Captab's initial public offering (IPO) allotment will take place on December 27, while its listing will take place on December 29 on both BSE and NSE.

Innova Captab Ltd is pharmaceutical company in India with presence in pharmaceuticals value chain including research, manufacturing and drug distribution and marketing and exports.

Innova Captab IPO opens for subscri-ption on 21 December 2023 and closes on December 26, 2023. The allotment for Innova Captab IPO is expected to be finalized on December 27, 2023.

Innova Captab IPO price has been fixed at ₹426 to ₹448 per share. The minimum lot size for an application is 33 shares. The minimum investment amount required for retail investors is ₹14,784.

Innova Captab IPO will listed on BSE,  NSE and the listing date is fixed on December 29, 2023. ICICI Securities Ltd  & Jm Financial Ltd are managers while Kfin tech Ltd is the registrar for IPO.

The IPO of Innova Captab has received a good response from investors. The IPO was oversubscribed 56.26 times, receiving bids for 50,10,82,098 shares, as against 89,06,250 shares on offer.

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