IPO Details

Bidding Dates

21 Dec '23 - 26 Dec '23

Minimum Investment

₹14,784 / 1 Lots ( 33 Shares )

Price Range

₹426 - ₹448

Maximum Investment

₹192,192 / 13 Lost ( 429 Shares )

Retail Discount

Not Applicable

Issue Size

₹570.00 Cr

Investor category and sub category

Qualified Institutional Buyers   |   Non-Institutional Investors  |   Retail Individual Investors  |  

IPO Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Dec 21, 2023

IPO Closing Date

Dec 26, 2023

Basis of Allotment

Dec 27, 2023

Initiation of Refunds

Dec 28, 2023

Credit of Shares to Demat Account

Dec 28, 2023

IPO Listing Date

Dec 29, 2023

UPI Mandate Expiry Date

Dec 26, 2023

About Company

Incorporated in 2005, Innova Captab Limited is an integrated pharmaceutical company in India with a footprint spanning the entire pharmaceutical value chain, the company is involved in various aspects, such as research and development, manufacturing, marketing, drug distribution and exports.

The company’s business includes 3 categories: 1. A Contract Development and Manufacturing Organisation (CDMO) business that offers manufacturing services to pharmaceutical companies in India; 2. A domestic branded generics business, and 3. An international branded generics business. 

The company’s CMDO business has relationships with key players in the Indian pharma industry, such as Cipla Limited, Wockhardt Limited, Glenmark Pharmaceuticals Limited, Corona Remedies Private Limited, Lupin Limited, Emcure Pharmaceuticals Limited and more. In the branded generics business, they cover therapeutic areas such as Cephalosporins, Antidiabetic, Antispasmodic, Antifibrinolytic, Cardiovascular, Antioxidant and Vitamins, Anti Hyperuricemia and Antigout, etc. Their international branded generics business is expanded to regulated markets like Canada and the UK. They have two manufacturing plants in Baddi, Himachal Pradesh.

The Indian trade generics industry exhibited robust growth, achieving a healthy CAGR of 7.4% from ₹63 billion in FY 2018 to ₹91 billion in FY 2023. Projections indicate a continued upward trajectory, with the industry expected to grow at a CAGR of 9.5-10.5% from FY 2023, reaching an estimated ₹140-150 billion by the conclusion of FY 2028. This shows that there is a potential opportunity for Innova Captab Limited. 

Innova Captab Limited IPO Details

Innova Captab Limited IPO Date 

Innova Captab Limited’s IPO will open on December 21, 2023, and close on December 26, 2023. The IPO will be listed on the NSE and BSE on December 29, 2023.

Innova Captab Limited IPO Price Band

Innova Captab Limited is a fresh issue and Offer for Sale. The issue size and price band are not yet announced.

Innova Captab Limited IPO Lot Size

Innova Captab Limited’s IPO lot size is 33 shares in one lot.

Innova Captab Limited IPO Objectives 

The objectives of Innova Captab Limited's IPO are listed below:

  • To repay or prepay, in full or part, of certain outstanding company loans.
  • To invest in their subsidiary, UML, to repay or prepay in part or full of outstanding loans availed by UML. 
  • For general corporate purposes. 
  • To fund the additional working capital requirements. 

Peer Details

As per RHP, Torrent Pharmaceuticals Limited, Laurus Labs Limited, Ajanta Pharma Limited, J. B. Chemicals and Pharmaceuticals Limited, NATCO Pharma Limited, Eris Lifesciences Limited, Indoco Remedies Limited, Suven Pharmaceuticals Limited and Windlas Biotech Limited are the listed peers whose business portfolio is comparable to the company.

How To Check the Innova Captab Limited Allotment Status?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Go to the IPO Section and then to IPO Orders
  • Select the individual IPO that you had applied for and check the allotment status.
  • Angel One will notify you of your IPO allotment status via push notification and email.

Open a demat account with Angel One to apply for the Innova Captab Limited IPO.

Contact Details of Innova Captab Limited IPO

  • Registered office: 601, Proxima, Plot No. 19, Sector 30 A, Vashi, Navi Mumbai, Maharashtra 400 705, India. 
  • Phone: +91 1724194500
  • E-mail: investors@innovacaptab.com 

Company Financials

Particulars ( (₹ million)) Year ending on March 31, 2023 Year ending on March 31, 2022 Year ending on March 31, 2021
Revenue from Operations 9,263.80 8,005.26 4,106.62
Profit After Tax (PAT) 679.54 639.53 345.00
EBITDA 1,228.45 989.03 558.57
Debt Equity Ratio 0.85 0.95 0.31

Know before investing


  1. The company has a leading presence and is one of the fastest-growing CDMOs in the pharmaceutical formulations market in India.

  2. The company has highly efficient operations, including world-class manufacturing facilities and a supply chain.


  1. The company’s operations are dependent on its manufacturing facilities, and any breakdown of equipment can delay the operations.

  2. The company is dependent on certain CDMO customers. Any reduction in the number of these customers and adverse developments can have an adverse effect on their business.

  • How to Apply in IPO
  • How to Check IPO Allotment Status

Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Login to Angel One App / Website

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for

Innova Captab Ltd IPO FAQs

What is the Innova Captab Limited IPO?

The Innova Captab Ltd IPO contains a fresh issue and Offer for Sale. The issue size and price band are not yet announced. The IPO will open on December 21, 2023.     

When will Innova Captab Limited's IPO be allotted?

The Basis of Allotment will happen on Wednesday, December 27, 2023.

When will Innova Captab Limited's IPO open for subscription?

The IPO subscription window will open on Thursday, December 21, 2023.

What minimum lot size can retail investors subscribe to?

The minimum lot size is 33 shares. 

When will Innova Captab Limited list on exchanges?

Innova Captab Ltd IPO will be listed on the NSE and BSE on Friday, December 29, 2023.

What would be the listing gains on the Innova Captab Limited IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange, which is December 29, 2023, for Innova Captab Ltd. 

I have finished the application process for the Innova Captab Limited IPO, but the funds still need to be debited. What is the reason?

The bank will only block the amount initially in your account. Under the new system, the money isn’t debited until the stocks are allotted to you. 

How do I approve the UPI mandate request for Innova Captab Limited's IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Innova Captab Limited using one PAN?

You can submit only one application using your PAN card.