Highlights

  • The listing is anticipated on December 21 on BSE and NSE
  • INOX India IPO price band has been set in the range of 627 to 660 per equity share
  • INOX India IPO date of subscription is scheduled for Thursday, December 14

Latest news

My remarks may have not pleased PM Modi: Sadhvi Pragya Thakur on being denied BJP ticket

My remarks may have not pleased PM Modi: Sadhvi Pragya Thakur on being denied BJP ticket

With 'Viksit Bharat 2047' on agenda, PM Modi meets Council of Ministers: reports

With 'Viksit Bharat 2047' on agenda, PM Modi meets Council of Ministers: reports

BJP's Jai Ram Thakur predicts fall of Congress govt in Himachal soon 

BJP's Jai Ram Thakur predicts fall of Congress govt in Himachal soon 

Vaughan wants England cricket team to adopt Man City manager Pep Guardiola's approach

Vaughan wants England cricket team to adopt Man City manager Pep Guardiola's approach

Newly 'elected' Prime Minister Shehbaz Sharif rakes up Kashmir in maiden speech

Newly 'elected' Prime Minister Shehbaz Sharif rakes up Kashmir in maiden speech

Calcutta High Court Judge Abhijit Gangopadhyay to resign, hints at joining politics

Calcutta High Court Judge Abhijit Gangopadhyay to resign, hints at joining politics

India nearly eliminates extreme poverty, says report

India nearly eliminates extreme poverty, says report

'Delhi Chalo' protest: Farmers to resume march on March 6, declare railway blockade on March 10

'Delhi Chalo' protest: Farmers to resume march on March 6, declare railway blockade on March 10

INOX India IPO: Price band, GMP and other details

The INOX India IPO date of subscription is scheduled for Thursday, December 14, and will close on Monday, December 18. The allocation to anchor investors for the INOX IPO is scheduled to take place on Wednesday, December 13

INOX India IPO: Price band, GMP and other details

INOX India IPO Launch Date: INOX India Limited is set to launch its IPO with a price band of ₹627 to ₹660 per equity share, scheduled for subscription from December 14 to December 18. The IPO lot size is 22 equity shares, with multiples in the same increment.

The IPO comprises an offer for sale of up to 22,110,955 equity shares by selling shareholders, including the promoters Pavan Kumar Jain, Nayantara Jain, Siddharth Jain, Ishita Jain, and Manju Jain.

INOX India IPO details

The company, known for its brand INOXCVA in cryogenic equipment, saw a notable increase in net profit by 17% to ₹153 crore in FY23, accompanied by a revenue growth of 23% to ₹966 crore. However, there was a slight decrease in EBITDA margin from 23.47% to 22.62% in FY23. The total debt was reduced to ₹8.99 crore from ₹54.54 crore in the preceding year.

INOX India IPO Allocation

The IPO allocation reserves 50% for qualified institutional buyers, 15% for non-institutional investors, and 35% for retail investors. Post-subscription, allotment will be finalized by December 19, refunds initiated on December 20, and shares credited to allottees' demat accounts on the same day. The listing is anticipated on December 21 on BSE and NSE.

The book-running lead managers are ICICI Securities Limited and Axis Capital Limited, while KFin Technologies Limited acts as the registrar.

INOX India IPO GMP

Regarding the market sentiment, the current grey market premium (GMP) for INOX India IPO is reported at ₹0, suggesting shares are trading at the issue price of ₹660 without any premium or discount, according to investorgain.com. Grey market premium indicates investors' willingness to pay above the issue price.


Up Next

INOX India IPO: Price band, GMP and other details

INOX India IPO: Price band, GMP and other details

Info Edge apps restored on Google Play amidst government assurance

Info Edge apps restored on Google Play amidst government assurance

Anant Ambani-Radhika Merchant pre-wedding celebration cost revealed

Anant Ambani-Radhika Merchant pre-wedding celebration cost revealed

Sensex, Nifty hit another record high during special trading session

Sensex, Nifty hit another record high during special trading session

Google removes Naukri and 99acres apps from play store over billing policy violations

Google removes Naukri and 99acres apps from play store over billing policy violations

Paytm Payments Bank hit with Rs 5.49 cr fine for money laundering violations

Paytm Payments Bank hit with Rs 5.49 cr fine for money laundering violations

More videos

Invest Smart 2024: Financial products every woman should invest in

Invest Smart 2024: Financial products every woman should invest in

Elon Musk sues OpenAI and CEO Sam Altman for contract breach

Elon Musk sues OpenAI and CEO Sam Altman for contract breach

February GST collection at Rs 1.68 lakh crore, up 12.5%

February GST collection at Rs 1.68 lakh crore, up 12.5%

97.62% of Rs 2,000 currency notes returned; says RBI

97.62% of Rs 2,000 currency notes returned; says RBI

Rihanna's whopping paycheck for Ambani pre-wedding event revealed

Rihanna's whopping paycheck for Ambani pre-wedding event revealed

Stock exchanges BSE and NSE to conduct special live trading session on Saturday; here's why

Stock exchanges BSE and NSE to conduct special live trading session on Saturday; here's why

From tax-saving deadline to FASTag KYC: Here are 5 critical dates you can't miss in March 2024

From tax-saving deadline to FASTag KYC: Here are 5 critical dates you can't miss in March 2024

GDP for Q3 FY24 forecast to be 6.8%: SBI Ecowrap

GDP for Q3 FY24 forecast to be 6.8%: SBI Ecowrap

Markets spike, hit new record highs after better than expected GDP numbers

Markets spike, hit new record highs after better than expected GDP numbers

Gold, Silver Price Today March 01, 2024: Check Latest Rates in Mumbai, Delhi, Chennai, Bengaluru

Gold, Silver Price Today March 01, 2024: Check Latest Rates in Mumbai, Delhi, Chennai, Bengaluru

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.