Innova Captab IPO
Innova Captab Limited (INNOVACAP) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 29 December 2023.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +30.4% (likely range +29% to +38%), day's high +37.7%, chance of a gain 82%. Actual: +0.9% at the open, +21.1% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 25,31,962 | 29,55,57,042 | 117x | |
| NII (HNI) total | 19,63,815 | 12,75,40,116 | 64.9x | |
| Big NII (above ₹10 lakh) | 13,09,210 | 9,37,27,524 | 71.6x | |
| Small NII (₹2-10 lakh) | 6,54,605 | 3,38,12,592 | 51.7x | |
| Retail | 45,82,233 | 7,85,72,439 | 17.1x | |
| Total | 90,78,010 | 50,16,69,597 | 55.3x |
Bids on NSE and BSE together, as published by NSE, as of 26 Dec 2023, 07:00 PM. Shares offered exclude the anchor portion. 14% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Innova Captab's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Credo Brands MarketingDec 2023 | 105x | 55.5x | 19.9x | 51.9x | ₹550 Cr | +0.8% | +16.0% |
| IKIO LightingJun 2023 | 164x | 63.4x | 13.9x | 66.3x | ₹615 Cr | +37.7% | +50.0% |
| Gandhar Oil Refinery (India)Nov 2023 | 129x | 62.2x | 28.9x | 64.1x | ₹509 Cr | +76.3% | +103.6% |
| Harsha Engineers InternationalSep 2022 | 178x | 71.3x | 17.6x | 74.7x | ₹794 Cr | +36.4% | +59.9% |
| Senco GoldJul 2023 | 181x | 65.0x | 15.5x | 73.4x | ₹427 Cr | +35.6% | +40.1% |
| Dodla DairyJun 2021 | 84.9x | 73.3x | 11.3x | 45.6x | ₹520 Cr | +28.5% | +52.3% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| ICICI Securities | 109 | +21.3% | 69% |
| JM Financial | 109 | +22.8% | 75% |
Offer documents (NSE)
Frequently asked
What is the Innova Captab IPO price band and lot size? ₹426–448 per share, with a lot of 33 shares, so the smallest retail bid is ₹14,784.
How many times has it been subscribed? 55.3x overall: QIB 117x, NII 64.9x, retail 17.1x.
How did it list? It opened at ₹452, +0.9% against the issue price of ₹448, and closed its first day +20.9%.
