The Innova Captab Limited’s initial public offering (IPO) is scheduled to be listed on December 29, 2023, on both the BSE and NSE. The special pre-open session for trading will commence at 10:00 AM on the same day. According to information from the BSE website, the equity shares of Innova Captab Limited will be listed in the ‘B’ Group of Securities.
Market experts anticipate a positive listing for Innova Captab based on the strong investor response during the IPO, with an oversubscription of 55 times. The sentiments on Dalal Street are reported to be bullish, and analysts predict a listing gain of up to 20%.
The IPO price was set at a slightly higher range, and experts suggest that allottees may expect a listing gain in the range of ₹40 to ₹60 per equity share. The grey market is also signaling a strong debut for Innova Captab shares, with shares trading at a premium of ₹85.
Prathamesh Masdekar, a Research Analyst at StoxBox, expressed confidence in a positive listing for Innova Captab, citing the company’s strong brand recognition, long-term relationships, and expansion efforts. He expects the stock to list at a significant premium over the issue price of ₹448 per share.
Arun Kejriwal, Founder at Kejriwal Research and Investment Services, also predicts a strong debut for Innova Captab shares, attributing it to the robust response from investors and bullish market sentiments. Despite the slightly higher pricing of the IPO, he expects a listing gain in the range of ₹40 to ₹60, translating to a listing price between ₹488 and ₹508.
In the grey market, Innova Captab shares are trading at a premium of ₹85, suggesting a potential listing price of around ₹533, which is approximately 20% higher than the IPO price band of ₹426 to ₹448 per equity share.
