Innova Captab IPO: Issue subscribed over 22 times on day 3 so far; NII, retail portion oversubscribed; GMP drops
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.
Innova Captab IPO opened for subscription on Thursday, December 21, and will close on Tuesday, December 26. Innova Captab Limited raised ₹171 crore from anchor investors on Wednesday, December 20.
Innova Captab IPO price band has been set in the range of ₹426 to ₹448 per equity share of face value of ₹10. The floor price is 42.60 times the face value of the equity shares and the cap price is 44.80 times the face value of the equity shares.
The price to earnings ratio based on diluted EPS for fiscal 2023 at the floor price is 30.08 times and at the cap price is 31.64 times. Innova Captab IPO lot size is 33 equity shares and in multiples of 33 equity shares thereafter.
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