Innova Captab IPO subscribed 55.26 times on Final Day

The Initial Public Offering of Innova Captab Limited was subscribed 55.26 times on the last day of bidding.

The issue received bids of 50,16,58,245 shares against the offered 90,78,010 equity shares, at a price band of ₹426-448, according to the data available on the stock exchanges.

Qualified Institutional Buyer Portion subscribed at 116.73 times, Non-Institutional Investors Portion was subscribed 64.94 times, whereas Retail Portion was subscribed with 17.15 times. The issue opened on for subscription on Thursday, December 21, 2023 and will close on Tuesday, December 26, 2023.

ICICI Securities Limited and JM Financial Limited are the book running lead managers and KFin Technologies Limited is the registrar to the offer.

Source : Equity Bulls

Keywords

InnovaCaptab FundRaising IPO Subscription