Innova Captab IPO

Innova Captab IPO will open for subscription from 21 December 2023. The company aims for an issue size of ₹570 Cr through this IPO.

Company Overview

Full nameInnova Captab Limited
IndustryPharmaceuticals & Drugs
Company Website

About Company

Innova Captab stands as a comprehensive pharmaceutical firm based in India, spanning the entire spectrum of the pharmaceutical value chain. This includes engagement in research and development, the manufacturing process, distribution, as well as marketing and exports of pharmaceutical products. The company business includes (i) a contract development and manufacturing organization (CDMO) business providing manufacturing services to Indian pharmaceutical companies, (ii) a domestic branded generics business, and (iii) an international branded generics business.

In the period concluding on 31 December 2021, Innova Captab boasted 164 CDMO customers. The company produces a wide-ranging portfolio of over 400 generic products, which are marketed under its proprietary brands within the Indian market. This is facilitated through an extensive network comprising around 3,400 distributors and stockists, along with an impressive presence in over 96,000 retail pharmacies. Innova Captab exported its branded generic products to 17 countries. As of 30 April 2022, the company has a dedicated team of 20 scientists and engineers operating at its research and development laboratory.

Innova Captab markets its domestic branded generic products through an extensive network of distributors, stockists, and pharmacies covering the entire Indian subcontinent. Additionally, these generic drug products are accessible online through various e-commerce pharmacy platforms. The sales of CDMO products have experienced remarkable growth, surging by 97.90% from 954 in Fiscal 2019 to 1,888 in the nine months concluding on 31 December 2021, on a restated consolidated basis.

The Objectives of the Issue

  • Repayment and/or prepayment in part or in full, of certain outstanding loans of the Company;
  • Investment in the Subsidiary, UML, for repayment and/or prepayment in part or full of outstanding loans availed by UML;
  • Funding the working capital requirements;
  • General corporate purposes.

Innova Captab IPO Timetable

IPO Opening date21 December 2023
IPO Closing26 December 2023
Basis of Allotment27 December 2023
Initiation Refund28 December 2023
Credit to Demat Account28 December 2023
Listing Date29 December 2023
(Cut-off time for UPI mandate confirmation – 5 PM on December 26, 2023)

Innova Captab IPO details

Issue typeBook Built Issue IPO
IPO issue size₹570 Cr – 12,723,214 shares
Fresh Issue₹320 Cr – 7,142,857 shares
Offer for sale₹250 Cr – 5,580,357 shares
Face value₹10 per share
Price Band ₹426 to ₹448 per share
Lot size33 Shares
Shareholding pre-issue50,082,072
Shareholding post-issue57,224,929
Listing ExchangeBSE & NSE

Innova Captab IPO Lot Size

Retail (Min)133₹14,784
Retail (Max)13429₹192,192
S-HNI (Min)14462₹206,976
S-HNI (Max)672,211₹990,528
B-HNI (Min)682,244₹1,005,312

Innova Captab IPO Reservation Details

QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Innova Captab Financial Performance

 FY 2021FY 2022FY 2023Q1 FY 2024
Net income34.5063.9567.9517.59
Margin (%)8.407.997.347.54
(Amount in ₹ Crores)

Innova Captab Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio30.08 – 31.64
RONW (%)23.8330.6624.58
ROCE (%)26.5423.4622.61
EBITDA (%)13.6012.3513.26

Company Promoters

  • Manoj Kumar Lohariwala
  • Vinay Kumar Lohariwala

Promoter Holding

Pre Issue Share Holding66.85%
Post Issue Share Holding

Innova Captab Lead Manager(s)

  • ICICI Securities Limited
  • JM Financial Limited

Innova Captab Registrar

Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222

Innova Captab Contact Details

Office No. 606, Ratan Galaxie – 6th Floor,
Plot No. 1, J. N. Road, Mulund (W),
Mumbai, Maharashtra 400 080
Phone: 91 22 2564 2095

Innova Captab IPO Allotment Status

Innova Captab IPO allotment status will be available on the KFin Tech website. Click on this link to get allotment status.

Final thoughts

Innova Captab IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

Leave a Comment

Your email address will not be published. Required fields are marked *