Innova Captab Ltd shares closed with a 22% premium on their market debut, exceeding the IPO price of Rs 448. The stock opened at Rs 456.10 on the BSE and reached a high of Rs 547.30.

Innova Captab Ltd shares made a muted market debut on Friday, listing with a marginal premium of nearly 2% on the BSE. The stock later jumped 16.29% to Rs 521.

Innova Captab's IPO received 55.26 times subscription, exceeding expectations. The pharmaceutical company raised Rs 570 crore, with strong demand from QIBs and non-institutional investors.

Innova Captab's IPO received 3.53 times subscription on the second day, with retail investors showing strong interest. The offer closes on December 23.

Innova Captab's IPO received 1.40 times subscription on the first day. Retail investors showed strong interest, while QIBs subscribed 44%.

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