₹ 14784 / 33 shares
IPO Details
RHP/DRHPIssue Date
21 Jan - 26 Jan'24
Investment/lot
₹ 14784
Price Range
426 - 448
Lot Size
33
IPO Size
₹ 570.00 Cr
IPO Listing Details
Listing On
29 Dec'23
Issue Price
448
Listed Price
₹ 452.1
Retail Gain/Listing Gain
▲0.92%
IPO Timeline
Company Background
Innova Captab Limited is an integrated pharmaceutical company in India with a presence across the pharmaceuticals value chain, including research and development, manufacturing, drug distribution, marketing and exports.
The business comprises three main components: (i) a contract development and manufacturing organisation (CDMO) offering manufacturing services to Indian pharmaceutical companies, (ii) a domestic branded generics business, and (iii) an international branded generics business.
Let's take a look at the competitive strengths and risk factors for Innova Captab Limited:
Competitive Strengths
Leading presence and one of the fastest-growing CDMOs in the Indian pharmaceutical formulations market
The number of CDMO products sold has grown by 131.43% from 1,066 in Fiscal 2021 to 2,467 in Fiscal 2023, on a restated consolidated basis. The number of CDMO products sold in the three months ended June 30, 2023, was 1,088 on a restated consolidated basis. To maintain its market position, the company is continuously expanding its portfolio.
Well-established relationships with a marquee CDMO customer base
The company has developed strong relationships across the Indian pharmaceutical industry. In Fiscal 2023, it had 182 CDMO customers. Some of their key customers include Cipla Limited, Glenmark Pharmaceuticals Limited, and Wockhardt Limited, among many other notable brands.
Consistent financial performance
The company has demonstrated strong growth in terms of revenues and profitability. In Fiscal 2022, among Indian formulation CDMO players, they company recorded the third-highest operating revenue, the second-highest operating profit margin and the third-highest net profit margin (Source: CRISIL Report, October 2023).
Risk Factors
- The company operates in a highly competitive market
- The company has recently acquired Sharon, and does not yet know whether it will achieve the expected benefits from such an acquisition.
- The business is dependent and will continue to depend on its manufacturing facilities, and are subject to certain risks such as the breakdown or failure of equipment.
Key Strategies
- Expansion of their manufacturing capacities.
- Integration of the acquired Sharon business.
- Expand the wallet share of existing customers and develop new customers.
Innova Captab Ltd Key Financials
Here are the key financials for Innova Captab Limited:
Particulars (in Rs. million)
Particulars (in Rs. million)
How to apply for IPO through ASBA
Kotak Securities
•00m 59 s
How to apply for an IPO using UPI
Kotak Securities
•01m 19 s
How To Apply for Innova Captab Ltd IPO?
Here are the steps to apply for Innova Captab Ltd IPO:
Step 1: Log in to your Kotak Securities Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.
Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.
Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.
Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.
Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.
Innova Captab Ltd IPO FAQs
When is Innova Captab Ltd IPO listing date?
Innova Captab Ltd will list on 2023-12-29.
What is the issue size of Innova Captab Ltd IPO?
570.00 is the issue size of Innova Captab Ltd IPO.
What is the minimum lot size required for Innova Captab Ltd IPO?
The minimum lot size is 33 shares and the investment required is ₹14784.
What is the price band of the Innova Captab Ltd IPO?
The price band of Innova Captab Ltd IPO is ₹426 to ₹448.
Where can I read more about Innova Captab Ltd business?
You can read more about Innova Captab Ltd and its IPO from the company’s red herring prospectus (RHP) here.
What is the Innova Captab Limited IPO?
The Innova Captab Limited IPO has an issue size of Rs. 570 crores. The IPO opens for subscription on 21st December 2023 and closes on 26th December 2023.
Who is the Registrar for Innova Captab Limited IPO?
KFin Technologies Limited is the registrar for this IPO.
Where can I read more about Innova Captab Limited’s business?
You may read more about Innova Captab Limited and its IPO from the company’s red herring prospectus (RHP) here:
When is Innova Captab IPO allotment?
Innova Captab IPO will be allotted on 27th December 2023.
When is Innova Captab IPO listing date?
Innova Captab will list on 29th December 2023.
What is the issue size of Innova Captab IPO?
570 Crore is the issue size of Innova Captab IPO.
What is the minimum lot size required for Innova Captab IPO?
The minimum lot size is 33 shares and the investment required is ₹14,784.
What is the price band of the Innova Captab IPO?
The price band of Innova Captab IPO is ₹426 to ₹448.
Who are the book runners for Innova Captab IPO?
ICICI Securities Limited and Jm Financial Limited are the book runners for Innova Captab IPO.
