- By Aditya Pratap Singh
- Fri, 29 Dec 2023 12:38 PM (IST)
- Source:JND
Innova Captab shares Listing: Shares of integrated pharmaceutical company Innova CCapitalLtd made a flat debut in the stock market on Friday. The shares were listed on the Bombay Stock Exchange at a premium of 1.8 per cent against the issue price of Rs 448.
The stock started trading at Rs 456.10 on BSE, registering a gain of 1.80 per cent from its issue price. But Later, the shares rose 22 per cent to Rs 547.30 (at around 12:30 AM)
The shares of Innova Captab are listed at Rs 452.10, up 0.91 per cent on the NSE. Shares of the company later rose 21.09 per cent to hit the upper circuit at Rs 520.
Also Read: SBI, HDFC Bank, and ICICI Bank Remain Systemically Important Banks: Reserve Bank
Innova Captab's initial public offering (IPO) was oversubscribed 55.26 times on Tuesday, the last day of the auction. The Rs 570-crore initial share sale consisted of a fresh issue of up to Rs 320 crore equity shares and an offer for sale of up to 5,580,357 equity shares.
The price range of Innova Captab IPO
The price range for the offer is Rs.426-448 per share. Innova CCapitalis an integrated pharmaceutical company involved in the pharmaceutical value chain including research and development, manufacturing, drug distribution, marketing and export.
Also, Read Tata Coffee To Merge With TCPL On January 01; Companies Set Record Date
