Innova Captab IPO: Issue gets booked 1.41 times on day 1, GMP steady today; should you subscribe?

Innova Captab IPO subscription status was 1.41 times on day 1, with a price band of 426 to 448 per equity share. Innova Captab IPO GMP is +100, indicating a premium of 100 in the grey market. The estimated listing price is 548 per share.
22-12-2023

Innova Captab may be a good buy after a post-listing review

The promoters Manoj Kumar Lohariwala and his brother Vinay Kumar Lohariwala are diluting their stakes from 67% to 52%. Of the issue proceeds, 168 crore would be used toward debt repayment and 72 crore for working capital requirements.
21-12-2023
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