The basis of allotment for the initial public offering (IPO) of pharmaceutical company Innova Captab Ltd was finalized on December 27, revealing a strong demand from investors with a subscription rate of 55.26 times.
The IPO subscription period ran from December 21 to December 26, and the listing date on both the BSE and NSE stock exchanges is set for December 29.
Investors eager to check the Innova Captab IPO allotment status can do so on the IPO registrar’s portal, Kfin Technologies Ltd, as well as on the official websites of BSE and NSE. Kfin Technologies Ltd will also handle the refund process for investors who were not allotted shares, while those whose bids were accepted will see Innova Captab shares credited to their demat accounts.
To check the IPO allotment status on Kfin Technologies’ website, investors can follow these steps:
1. Visit Kfin Technologies’ website using the link: https://kosmic.kfintech.com/ipostatus/
2. Select “Innova Captab Limited” from the “Select IPO” dropdown.
3. Choose one of the three options for checking status: Application No, Demat Account, or PAN.
4. Enter the relevant details based on the selected option.
5. Input the Captcha and click Submit to view the Innova Captab IPO allotment status.
Additionally, investors can check the IPO allotment status on the BSE website by following these steps:
1. Visit the BSE official website’s allotment page: https://www.bseindia.com/investors/appli_check.aspx
2. Under ‘Issue Type,’ select ‘Equity.’
3. Choose the IPO from the dropdown list under ‘Issue Name.’
4. Enter PAN or application number.
5. Confirm identity by clicking on ‘I am not a Robot’ and then hit the ‘Submit’ button to view the Innova Captab IPO allotment status.
As of the latest update, the Grey Market Premium (GMP) for Innova Captab IPO is ₹86 per share. This indicates that Innova Captab shares are trading at a premium of ₹86 each compared to their IPO price in the grey market. Taking into account the GMP and the issue price, the estimated listing price for Innova Captab shares is ₹534 apiece, representing a 19.2% premium over the IPO price of ₹448 per share.
