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December 20, 2023
This is to inform you that Innova Captab Limited is coming out with a public issue to raise Rs.570 crore from the market.
The issue opens on December 21 and closes on December 26, 2023.
Innova Captab Limited IPO
| Company Details |
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- Innova Captab Limited (“Innova Captab”) was incorporated on January 3, 2005. Innova Captab is an integrated pharmaceutical company in India with a presence across the pharmaceuticals value chain including research and development, manufacturing, drug distribution and marketing and exports. Their 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 Fiscal 2022, among Indian formulation CDMO players considered in the CRISIL Report, they recorded the 3rd highest operating revenue, the 2nd highest operating profit margin, the 3rd highest net profit margin and the 2nd highest return on capital employed.
- Company’s comprehensive CDMO formulation capabilities allow them to offer their customers multiple dosage forms, including oral solids, oral liquids, dry syrups and injectables, as well as more complex delivery forms such as modified and sustained release forms and tablets in capsules. They also have added products using new technologies like nano technology.
- In Fiscal 2023 and in the 3 months ended June 30, 2023, they had 182 and 133 CDMO customers, respectively.
- In Fiscal 2023 and in the 3 months ended June 30, 2023, they manufactured a diverse generics product portfolio of over 600 products and market them under their own brands in the Indian market through a developed network of approximately 5,000 distributors and stockists and over 150,000 retail pharmacies.
- In addition, during Fiscal 2023 and the 3 months ended June 30, 2023, they exported branded generic products to 20 and 16 countries, respectively.
- Innova Captab has 2 manufacturing facilities in Baddi, Himachal Pradesh. They were ranked 3rd among their peers in terms of their finished tablet and capsule manufacturing capacity in India. They have a dedicated R&D laboratory and pilot equipment located at their manufacturing facility in Baddi. In addition, they are looking to establish a new R&D centre in Panchkula, Haryana.
- The company acquired Sharon pursuant to CIRP under the IBC and infused ₹195.40 crore into Sharon on June 26, 2023.
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| Issue Period |
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Issue opens on: Thursday, December 21, 2023
Issue closes on: Tuesday, December 26, 2023
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| Price Band |
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Rs.426 to Rs.448 per equity share |
| Bid Lot |
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33 equity shares and in multiple thereafter. |
| Issue Size |
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Rs.570 crore |
| Issue break-up |
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QIB - 50% of the offer – Rs.285.00 crore
NIB - 15% of the offer - Rs.85.50 crore
RET - 35% of the offer - Rs.199.50 crore |
| Listing |
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NSE and BSE |
| Registrar |
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KFin Technologies Ltd |
| UPI |
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All Retail & NII Bidders (bids up to ₹ 5,00,000) Applications through brokers are compulsorily in UPI Mode |
| Note |
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- Application made using third party UPI or ASBA Bank A/c are liable to be rejected.
- “The UPI Mandate acceptance time for Retail and NII Bidders (bids up to ₹ 5,00,000) shall expire at 5:00 PM on the closing day of the IPO i.e., Tuesday, 26th December, 2023.”
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Watch these 4 videos to know how to apply for the Innova Captab Limited IPO online easily.
Step 1: Create an UPI ID
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Step 2: Apply for IPO online using mobile app or website
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Step 3: Authorise UPI mandate to block payment
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Remember these points while applying for IPOs
- With Sharekhan, you can now fill and submit your IPO application online at your convenience anytime before an issue closes. This can be done through the Sharekhan app or website.
- You will need a mobile phone with a SIM linked to your bank account offering the UPI facility and a debit card to create your UPI ID.
- Currently, UPI works on the following mobile applications:
| Name of App (Supported Platforms) |
VPA Handle |
| BHIM Baroda Pay (only Android) |
@BARODAMPAY |
| BHIM Oriental Pay (Only Android) |
@obc |
| BHIM RBL Pay (Android & iOS) |
@rbl |
| BHIM (android & iOS) |
@upi |
| BHIM ALLBANK UPI (only Android) |
@allbank |
| BHIM Axis Pay (only android) |
@axisbank |
| BHIM IndusPay (only Android) |
@indus |
| BHIM Lotza UPI (only Android) |
@federal |
| BHIM SBIPay (only android) |
@sbi |
| Citi Mobile (android & iOS) |
@citi & @citigold |
| Google Pay (android & iOS) |
@okhdfcbank | @okaxis | @oksbi | @okicici |
| HSBC Simply Pay (android & iOS) |
@hsbc |
| iMobile by ICICI Bank (android users) |
@icici |
| Kotak Mobile Banking App (Android) |
@kotak |
| Phone-Pe (android & iOS) |
@ybl |
| SIB Mirror+ (only Android) |
@sib |
| BHIM YES PAY (only Android) |
@yesbank |
| DigiBank - DBS (Android & iOS |
@dbs |
| Paytm (Andriod & iOS) |
@paytm |
| BHIM AUPay (Android & iOS) |
@aubank |
| Freecharge (Android & iOS) |
@freecharge |
| BHIM BANDHAN UPI (Android & iOS) |
@bandhan |
| BHIM KBL UPI (Android) |
@kbl |
| Phone-Pe (Android & iOS) |
@ybl, @axl, @ibl |
- To avoid rejection, download the latest version of the app.
- Remember to select UPI as the payment option in the IPO application form by providing your UPI ID.
- As soon as you submit your application through the mobile app or website, you will receive an SMS from National Payments Corporation of India (NPCI) informing you that your UPI mandate has been generated.
- The app passcode and the UPI PIN can be different; remember to enter only the UPI PIN while authorising the UPI mandate. Note that you should not share your UPI PIN with anyone.
- If you forget the UPI PIN, simply reset it instead of entering a wrong one.
- If the transaction gets through, you will receive a “Transaction is successful” message on your mobile.
- There are two possible scenarios post-allotment: On full allotment, funds will be debited from your account. If there is no allotment of shares, the blocked funds will be released after the end date or expiry date of the UPI mandate.
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