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.
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.