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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. ....
Innova Captab's IPO was open for bidding between December 21 to December 26, which was sold in the range of Rs 426-448 apiece with a lot size of 33 equity shares. ....