How to invest in upcoming Innova Captab Ltd IPO?
Author: Libord Brokerage Pvt. Ltd Posted on 18 Dec 2023 14:18:08Category : ipo news
Innova Captab Ltd IPO Details:
Innova Captab Ltd. has announced public offering of 12723213 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 438.00 per share. The gross proceeds of the issue are expected to be Rs 56,999.99 lakhs.
The company's initial public offer (IPO) will open on 21 December 2023 and is expected to close on 26 December 2023, subject to customary closing conditions. The price band of the issue has been fixed at Rs 426.00-448.00 per share.
The IPO includes a fresh Issue of 12723213 Equity Shares of the Company at an price of Rs 448.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 33 shares with bids in multiples of 33.
Innova Captab Ltd. anticipates using the proceeds of the issue for Repayment and / or prepayment in part or in full, of certain outstanding loans of the Company Investment in the Subsidiary, UML, for repayment and / or prepayment in part or full of outstanding loans availed by UML Funding the working capital requirements General corporate purposes.
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ICICI SECURITIES LTD,JM Financial Limited as lead manager(s) & KFin Technologies Ltd. is the registrar, to the issue.
If the Innova Captab Ltd is something that you’re looking to invest in come 21 December 2023, it would be a good idea to start the demat account opening process right away.
Apply online IPO or Contact Libord Broking now to open demat account online within minutes, and install the LibordEasy app from google play store.
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