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: 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: 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.