Innova Captab IPO GMP Details:
Innova Captab brings its IPO of Rs. 570 Crore and opens for subscription from December 21, 2023, to December 26, 3023. The company decided the issue a price of Rs. 426-448 per share. (Innova Captab IPO Details)
Innova Captab current GMP is Rs.35, so the expected listed price is Rs.483 (Including the issue price), and the net gain per share will be 7.81%.
Innova Captab Company IPO Day-wise GMP Trends
Date of GMP | Issue
Price |
Latest
GMP Price |
Estimated
listing Price |
GMP in
Percentage |
December 28, 2023 | 448 | 35 | 483 | 7.81% |
December 27, 2023 | 448 | 119 | 557 | 26.56% |
December 26, 2023 | 448 | 100 | 548 | 22.32% |
December 25, 2023 | 448 | 160 | 608 | 35.71% |
December 24, 2023 | 448 | 160 | 608 | 35.71% |
December 23, 2023 | 448 | 100 | 548 | 22.32% |
December 22, 2023 | 448 | 100 | 548 | 22.32% |
December 21, 2023 | 448 | 100 | 548 | 22.32% |
December 20, 2023 | 448 | 211 | 659 | 47.01% |
Innova Captab IPO Review & Rating
Issue Size | Rs. 570 Crore |
Issue Price | Rs. 426-448 per share |
Minimum Lot Size | 33 Shares |
Total Profit (March 2023) | Rs. 17.59 Crore |
P/E (x) | 31.64% |
ROCE | 22.61% |
Listing on | NSE and BSE |
IPO Deliver Rating | Four |
Innova Captab IPO Dates, Price Band & Details
Innova Captab IPO will open on December 21, 2023, and close on December 26, 2023. The IPO list on December 29, 2023.
Type of issue | Book Built Issue IPO |
Issue Size | Rs. 570 Crore |
Price Brand | Rs. 426-448 |
Face Value | Rs. 10/- per share |
IPO Open Date | December 21, 2023 |
IPO Close Date | December 26, 2023 |
IPO Allotment Date | December 27, 2023 |
Refund Date | December 28, 2023 |
Share Credit Date | December 28, 2023 |
Listing Date | December 29, 2023 |
#1. WHAT DOES MEAN OF GREY MARKET PREMIUM (GMP)?
We start with the word “Grey Market”, as its name implies is neither a white market nor a black market. The grey market is something between the white market and the black/unregulated market. The grey market is completely unofficial.
Grey Market Premium (GMP) means something extra from the IPO issue price which is called a premium. The IPO Grey market premium is a price where an IPO is trading in an unofficial market till its listing.
In this Grey Market, IPO’s stakeholders trade(buy/sell) with the company share.
The Grey Market Premium (GMP) period starts a couple of days before the IPO opening date and continues till the IPO listing day.
#2. How does Grey Market Premium(GMP) decide?
Well, this is an unofficial market, however, while considering the Grey Market Premium (GMP) below-mentioned factors considered:
- Current Market Condition
- History of the Company and its Promoters
- Company’s past performance
- Company’s product/service value in the market, etc.
We do not advise relying on this price, it is only market trends nothing else. An investor should get expert advice before investing in the share market.
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