Published By: Mohammad Haris
Last Updated: December 11, 2023, 11:25 IST
Inox India IPO can be opened for public subscription between December 14 and December 18.
Unlisted shares of Inox India are presently buying and selling Rs 150 larger within the gray market, which is a 22.73% itemizing achieve as in opposition to its higher subject worth of Rs 660
Inox India, one of many main cryogenic tank producers, on Monday introduced the value band of its IPO at Rs 627-660 per share. The Inox India IPO can be opened for public subscription between December 14 and December 18. The Rs 1,459.32-crore IPO is fully a proposal on the market of two.21 crore shares.
The Inox India IPO will possible be listed on December 21 on each BSE and NSE, whereas the share allotment is likely to be finalised on December 19. The anchor ebook of the provide will open for a day on December 13
Inox India IPO GMP Today
According to market observers, unlisted shares of Inox India are presently buying and selling Rs 150 larger within the gray market as in contrast with its subject worth. The Rs 150 gray market premium or GMP means the gray market is anticipating a 22.73 per cent itemizing achieve from the general public subject. The GMP relies on market sentiments and retains altering.
‘Grey market premium’ signifies buyers’ readiness to pay greater than the problem worth.
Inox India IPO Details: Lot Size, Minimum Investment
The Rs 1,459.32-crore IPO is fully a proposal on the market of two.21 crore shares by its present shareholders and promoters. Its worth band has been fastened at Rs 627 to Rs 660 per share. The minimal lot measurement for an utility is 22 shares.
The minimal quantity of funding required by retail buyers is Rs 14,520. The minimal lot measurement funding for NII is 14 heaps (308 shares), amounting to Rs 2,03,280, and for NII, it’s 69 heaps (1,518 shares), amounting to Rs 10,01,880.
ICICI Securities Limited and Axis Capital Limited are the ebook working lead managers of the Inox CVA IPO, whereas Kfin Technologies Limited is the registrar for the problem.
Inox India, one of many main cryogenic tank producers, has over 30 years of expertise providing options throughout the design, engineering, manufacturing, and set up of apparatus and techniques for cryogenic circumstances.
