Innova Captab IPO opens today, here's all you need to know

Inva Captab Limited's share sale via initial public offering opened for subscription on Thursday, December 21. company plans to raise Rs 570 crore from IPO which comprises of fresh issue and an offer for sale (OFS).

Inva Captab Ltd IPO: Check lot size, IPO price, issue size and more

Inva Captab plans to sell shares in price band of Rs 426 to Rs 448 per share. A retail investor can bid for minimum one lot of 33 shares up to maximum of 13 lots. One lot of Inva Captab shares is priced at Rs 14,784 at upper end of price band.

company’s Rs 570 crore IPO comprises of fresh issue of Rs 320 crore and an OFS worth Rs 250 crore.

A day ahe of IPO, pharma firm raised Rs 171 crore from anchor investors, allocating 3,816,963 shares at Rs 448 per share.

company has reserved a 50 per cent shares for qualified institutional buyers (QIBs), 15 per cent for n-institutional bidders (NIBs) and a minimum of 35 per cent for retail individual bidders.

Inva Captab IPO set to be listed on BSE and NSE tentatively on December 29 will close subscription on December 26.

company established in 2005 is a branded generic pharmaceutical products manufacturer for domestic and international markets, who's core strength has been its in-house research and development that aids in retaining contact development and manufacturing organisation (CDMO) customers.

ICICI Securities Limited and JM Financial Limited are book running le manrs of Inva Captab IPO, while Kfin Techlogies Limited is registrar to issue.