The IPO opened for subscription on 14th Dec’23 and closed on 18th Dec’23.
The IPO opened for subscription on 14th Dec’23 and closed on 18th Dec’23.
The book-built issue IPO has a size of INR 1459.32 crore and 2.21 crore shares are offered for sale.
The minimum lot size for subscription is 22 shares and the minimum amount of investment by retail investors is INR 14520.
Axis Capital Limited and ICICI Securities Limited are the lead managers to the issue and KFin Technologies is the registrar to INOX India IPO.
Basis of allotment of shares shall happen on 19thDecember’23, refunds shall be initiated on 20th December’23. After that, the shares will be allocated to the demat accounts.
INOX India Ltd shares shall be listed on BSE and NSE on 21st December’23.
Not more than 50% of shares are reserved for Qualified Institutional Buyers, not less than 15% for Non Institutional Investors and not less than 35% for retail investors.
As per the latest reports, the IPO was subscribed 7.14 times,
After 2 days of subscription, INOX India Ltd IPO GMP surged from INR 330 to INR 560.