India's Innova Captab gains 21% in market debut

Motisons Jewellers

29/12/2023 07:09

** Shares of Innova Captab  INNC.NS  rise 21% in their
market debut to 542.50 rupees
    ** INNC opened at a small premium of 452.1 rupees vs issue
price of 448 rupees
    ** Pharma co's 5.7 bln rupees ($68.59 million) IPO was
oversubscribed by 55.3x
    ** INNC is the eighth co to list this week after Muthoot
Microfin  MUTO.NS , Suraj Estate Developers  SRAE.NS , Happy
Forgings  HAPY.NS , Credo Brands  CREO.NS , Motison Jewellers
 MOTN.NS , RBZ Jewellers  RBZJ.NS  and Azad Engineering
 AZAD.NS  
    ** Companies have raised funds worth 447.93 billion rupees
in main board IPOs so far this year, down 24% from a year ago,
as per NSE data


($1 = 83.1050 Indian rupees)

 (Reporting by Sethuraman NR in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))