In an era where IPOs are becoming a symbol of investor enthusiasm, Innova Captab Ltd has made headlines with its remarkable 55.26 times oversubscription. As the pharmaceutical company gears up for its listing on December 29, let’s delve into the details of the IPO allotment status, listing date, and how investors can check their shares.
The Journey to Oversubscription
Innova Captab IPO, which opened for subscription on December 21, witnessed an overwhelming response from investors. The issue, which closed on December 26, was subscribed an impressive 55.26 times. The robust demand underlines the confidence and interest investors have in the pharmaceutical sector, specifically in Innova Captab.
Allotment Details
The anticipation surrounding IPO allotment has been quelled as Innova Captab finalized the basis of allotment on December 27. Investors eager to know the outcome of their subscription can check the IPO registrar’s portal or visit the BSE and NSE websites. Kfin Technologies Ltd serves as the registrar for Innova Captab IPO.
Steps to Check Allotment Status
On Kfin Technologies’ Website:
- Visit the registrar Kfin Technologies’ website.
- Select “Innova Captab Limited” in the “Select IPO” dropbox.
- Choose one of the three options: Application No, Demat Account, or PAN.
- Enter the details as per the selected option.
- Complete the captcha and click submit.
The allotment status will be displayed on the screen, revealing the number of shares allotted.
On BSE Website:
- Visit the allotment page on BSE’s official website.
- Under ‘Issue Type,’ select ‘Equity.’
- Choose the IPO from the drop-down option under ‘Issue Name.’
- Enter PAN or application number.
- Confirm your identity and hit the ‘Submit’ button.
The Innova Captab IPO allotment status will be visible, providing clarity to investors.
Refunds and Crediting of Shares
For investors who were not allotted shares, the company will initiate refunds. On the other hand, those whose bids were accepted will see Innova Captab shares credited to their demat accounts.
GMP and Expected Listing Price
As of the latest information, the Grey Market Premium (GMP) for Innova Captab IPO is ₹86 per share. This indicates that the shares are trading higher by ₹86 than their IPO price in the grey market. Considering this premium, the estimated listing price for Innova Captab shares is ₹534 apiece, reflecting a 19.2% premium to the IPO price of ₹448 per share.
Conclusion
Innova Captab’s journey from oversubscription to finalizing the basis of allotment paints a picture of investor confidence and optimism. As the pharmaceutical company prepares for listing, investors eagerly await the culmination of this IPO saga on December 29.
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