The Innova Captab IPO, which ran from December 21 and December 26, received a strong investor response, receiving bids of 50,16,58,245 shares against the offered 90,78,010 equity shares. In total, the issue was subscribed 55.26 times.
The IPO of Innova Captab received tremendous response from investors with 55.26 times subscription at close. The issue received bids of 50,16,58,245 shares against the offered 90,78,010 shares. At the upper price band, the company is valued at a P/E of 48.6x with a market cap of Rs 3,307 crore post the IPO.
Ahead of its listing, Innova Captab shares were commanding a grey market premium of Rs 32 per equity share, hinting towards mild gains at the debut. Grey market is an unofficial platform for trading in IPO shares that usually gives an indication about the listing price.
The shares of Innova Captab will debut on the exchanges on Friday. Ahead of the listing, the company s shares are commanding a premium of Rs 61 in the unlisted market.
Innova Captab is expected to announce its share allotment status on Wednesday, December 27.The shares of Innova Captab were subscribed 55.24 times.The shares