Innova Captab shares list at just 2% premium over issue price

The IPO of Innova Captab received tremendous response from investors with 55.26 times subscription at close. The issue received bids of 50,16,58,245 shares against the offered 90,78,010 shares. At the upper price band, the company is valued at a P/E of 48.6x with a market cap of Rs 3,307 crore post the IPO.