Innova Captab stock highlights: Shares settle with nearly 22% premium

Innova Captab‘s market valuation settled at ₹3,119.62 crore.

Shares of integrated pharmaceutical company Innova Captab Ltd ended with a premium of nearly 22 per cent against the issue price of ₹448 after making a muted market debut on Friday.

The stock made its debut at ₹456.10, recording a gain of 1.80 per cent from the issue price on the BSE. Later, it jumped 22.16 per cent to ₹547.30. It finally ended at ₹545.15, rallying 21.68 per cent.

At the NSE, Innova Captab share was listed at ₹452.10, up 0.91 per cent. Shares of the company ended at ₹542.50, recording a jump of 21 per cent.

Innova Captab share price gains hit 20 percent, touching ₹542 on NSE at end of trading session today.

Innova Captab is an integrated pharmaceutical company with presence across pharmaceuticals value chain, including research and development, manufacturing, drug distribution, marketing, and exports.

After a muted debut on the stock market at just one percent premium, the share price gains hit 20 percent, touching ₹542 on NSE.

Innova Captab was subscribed 17.15 times in the retail category, 116.73 times in Qualified Institutional Buyers' (QIB) category, and 64.95 times in the Non-Institutional Investors' (NII) category.

Innova Captab delivered a disappointing performance on the stock market today, despite the IPO being subscribed over 55 times at close.

The shares of Innova Captab debuted on the stock market at a premium of just 0.92 percent, after which they marginally grew to 1.6 percent premium.

Innova Captab IPO was issued to raise ₹570 crore, but the share price on listing day fell flat despite a good response by the subscribers.

While the GMP had predicted a premium of around 20 percent, the Innova Captab share price was listed at just 1.6 percent spike.

Innova Captab share price is listed at ₹456 on the stock market against the IPO price of ₹448, listing at just 1 percent premium.

The market price of Innova Captab opened at ₹452 on NSE, at a premium of less than one percent of the IPO price band of ₹448.

Innova Captab is an integrated pharmaceutical company, which specialises in research and development, drug distributions, markets and exports.

The listing price of Innova Captab IPO is set to be released shortly, with the expected share price at ₹480.

While the grey market premium of Innova Captab was over ₹80 on the allotment day, the GMP dropped sharply after, settling at ₹32 on December 29.

The grey market premium of Innova Captab is ₹32 on December 29, which means that its share price can be around ₹470.

The Innova Captab IPO opened from December 21 to December 26, with the allotment date of December 27. The price band of the IPO was set at ₹448.

According to predictions and the GMP, the share price of Innova Captab is expected to be 20 percent higher than the issue price.

The listing date of Innova Captab is today, December 29, and the share prices will be listed on the stock market at 10 am today.