Innova Financial News

Innova Captab IPO: Listing date for the initial public offering (IPO) of Innova Captab Limited has been fixed on 29th December 2023 i.e. today. As per the information available on BSE website, Innova Captab share price will list on BSE and NSE in special pre-open session during Friday deals.

BSE and NSE. The investors can check Innova Captab IPO allotment status on the portal of IPO registrar and also on the websites of stock exchanges BSE and NSE. Innova Captab IPO registrar is Kfin Technologies Ltd.

Also Read: Happy Forgings share price lists with 17.8% premium at ₹1001.25 apiece on BSE The ₹46.67 crore worth Supreme Power Equipment IPO is entirely a fresh issue of 71.8 lakh shares sold at a price band of ₹61 to ₹65 per equity share. The investors can check Supreme Power Equipment IPO allotment status on the IPO registrar’s website and also on the NSE website. Purva Sharegistry India Pvt Ltd is the Supreme Power IPO registrar.

BSE and NSE, with a tentative listing date fixed on December 29, 2023. The investors can check Innova Captab IPO allotment status on the websites of stock exchanges BSE and NSE and also on the portal of IPO registrar. Kfin Technologies Ltd is the Innova Captab IPO registrar.

Also Read: Innova Captab IPO closes today: GMP, review, subscription status, other key details, should you apply or not? Innova Captab IPO was subscribed to 1.41 times on day 1. Its retail portion was fully booked.

₹426 to ₹448 per equity share of face value of ₹10. Innova Captab IPO lot size is 33 equity shares and in multiples of 33 equity shares thereafter.

The retail portion received consolidated bids of 2,396,000 share bids, while the non-institutional investors (NIIs) received 328,000 bids. The qualified institutional buyers (QIBs) were yet to open the account around 1 pm for this SME IPO issue.

₹171 crore from anchor investors on Wednesday, December 20. Also Read: Innova Captab IPO: Issue gets booked 1.41 times on day 1, GMP steady today; should you subscribe? Innova Captab IPO price band has been set in the range of ₹426 to ₹448 per equity share of face value of ₹10.

₹426 to ₹448 per equity share of face value of ₹10. Innova Captab IPO lot size is 33 equity shares and in multiples of 33 equity shares thereafter.

Innova Captab IPO: The initial public offering (IPO) of Innova Captab Limited has opened today and it will remain open for subscribers till 26th December 2023. The pharma company has fixed Innova Captab IPO price band at ₹426 to ₹448 per equity share. The book build issue is proposed for listing on BSE and NSE and it aims to raise 570 crore from its public offer out of which ₹320 crore is aimed via issuance of fresh shares.

Innova Captab is rolling out a ₹570-crore IPO that includes a fresh issue of ₹320 crore and the rest an offer for sale. The promoters Manoj Kumar Lohariwala and his brother Vinay Kumar Lohariwala are diluting their stakes from 67% to 52%. Of the issue proceeds, ₹168 crore would be used toward debt repayment and ₹72 crore for working capital requirements. Business: Incorporated in 2005 as Harun Health Care, Innova Captab is a leading contract manufacturer of pharmaceutical formulations.

₹426 to ₹448 per share. Innova Captab IPO raised ₹171 crore from anchor investors. The company informed the bourses that it allocated 3,816,963 equity shares at ₹448 per share on Wednesday, December 20, 2023, to anchor investors.

anchor investors ahead of its initial public offer (IPO), which opens on Thursday. The three-day issue will close on December 26, Tuesday, as markets will remain shut for trading on December 25, Monday, on account of Christmas. The anchor investors were allotted 3,816,963 shares to 17 investors, which included the likes of ICICI Prudential Pharma Healthcare and Diagnostics (PHD) Fund, Kotak Mahindra Trustee Co Ltd A/C Kotak Healthcare Fund, 360 One Special Opportunities Fund Series-9, Bandhan Smallcap Fund, Aditya Birla Sun Life Company, among others. As per the filing to the exchanges, six domestic mutual funds have applied through a total of eight schemes, accounting for 44.88% of the anchor investor portion. The amount raised through them is over Rs 76.74 crore, the filing said. About Innova Captab: Innova Captab is an integrated pharmaceutical company in India with a presence across the pharmaceutical value chain, including research and development, manufacturing, drug distribution and marketing, and exports. Innova Captab IPO Structure: The price band of this public issue is fixed at Rs 426-448, and at the upper end, the company plans to raise Rs 570 crore. Investors can bid for 33 shares in one lot and in multiples thereafter. About 50% of the offer is reserved for qualified institutional buyers, 35% for retail investors, and the remaining 15% for non-institutional investors. Innova Captab IPO GMP today: According to market analysts, the current GMP of Innova Captab is Rs 210 in the unlisted market.

₹171 crores from anchor investors ahead of its initial public offering that opens for public subscription on Thursday, December 21, 2023. The company informed the bourses that it allocated 3,816,963 equity shares at ₹448 per share on Wednesday, December 20, 2023, to anchor investors. Foreign and Domestic Institutions who participated in the anchor were ICICI Prudential MF, Kotak Mahindra MF, Ashoka White Oak MD, SBI Life Insurance, 360 One MF, Bandhan MF, Canara Robeco MF, Aditya Birla Sun Life Insurance, Edelweiss MF, ITPL-Invesco MF, & others.

Innova Captab on Monday fixed a price band of Rs 426-448 per share for its Rs 570-crore initial public offering (IPO). The issue will open on December 21, and conclude on December 26, the company said. The maiden public issue comprises a fresh issue of equity shares worth up to Rs 320 crore and an offer-for-sale (OFS) of up to 55.80 lakh equity shares by promoters and selling shareholders.

₹426 to ₹448 per share. The issue will open for subscription on December 21 and will conclude on December 26. At the higher limit of the price range, the company has a valuation that is equivalent to 34 times its earnings for the financial year 2022-23 (April-March).

₹4,600 crore, an increase from the ₹4,000 crore raised in the previous week. “A key reason for the strong interest in IPOs has been an increased focus on profitability and reasonable pricing of deals, at least relative to prevailing higher valuation multiple in listed peers. Next week looks promising, more than half a dozen companies will hit the market with their IPOs.

₹36.3 crore from anchor investors on December 15, just a day prior to the commencement of the public offering. The anchor book saw participation from only two investors. The public issue is scheduled to open for subscription on December 18, with the closing date set for December 20.

Hybrid cars are rapidly gaining popularity in India overtaking battery electric vehicle sales for three straight months this financial year. New car buyers are taking a penchant for the handful of hybrid vehicles currently on sale in the Indian market such as Maruti Suzuki Grand Vitara, Toyota Urban Cruiser Hyryder, Honda City and Toyota Innova Hycross. The increasing demand for fuel-efficient hybrid cars underscores customers’ growing environmental awareness and concern over the limited range and charging infrastructure challenges posed by fully electric cars.

Toyota Motor Corporation on Friday announced a regional restructuring with India being integrated into its 'Middle East, East Asia & Oceania Region' operations and slotting the country to act as the hub of the new geography. As part of this development, Masakazu Yoshimura, MD and CEO of Toyota Kirloskar Motor (TKM) — the company's joint venture in India with the Kirloskar group — will concurrently be the Regional CEO, Toyota Motor Corporation (TMC) said in a statement.

BENGALURU : Toyota Kirloskar Motor on Tuesday announced plans to invest ₹3,300 crore to set up its third plant at Bidadi in Karnataka. The new unit, which will commence production by 2026, will have an annual capacity of 1 lakh units in two shifts. It will come up at the company's existing facility at Bidadi, near Bengaluru where it currently has two units with a combined installed production capacity of up to 3.42 lakh units annually.