Mumbai-based pharmaceutical firm, Innova Captab, has set the price range for its upcoming initial public offering at ₹426 to ₹448 per share. Innova Captab's upcoming IPO will comprise a fresh equity share issue valued at up to ₹400 crore, alongside an offer-for-sale featuring up to 9,600,000 equity shares by the promoter and selling shareholders. As an integrated pharmaceutical firm in …
Market regulator Sebi has approved the initial public offering of Innova Captab. As per the draft prospectus, the company's IPO includes a fresh issue of ₹400 crore and offer for sale of up to 96 lakh equity shares. The company plans to utilise net proceeds from the issue for repayment of certain outstanding loans, investment in subsidiary UML for repaying …
