INOX India IPO GMP Price: IPO Opens For Subscription; Know Price Range, Lot Size And Allotment Date

INOX India IPO GMP Price Update:  The initial public offer (IPO) of Inox India Limited is open for subscription and Investors willing to bid can apply till 18 December 2023. The cryogenic equipment manufacturer and supplier company 'INOX India' has set a price band of ₹627 to ₹660 per equity share. The company aims to raise ₹1,459.32 crore from its public offer.

Meanwhile, shares of INOX India Limited are available for trade in the gray market. As per stock market observers, Shares of INOX India Ltd are available at a huge premium of ₹330 in the grey market today.

INOX India IPO Details

INOX IPO Bidding Date, Price Range, and Issue Size: The has opened today and it will remain open for subscription till 18 December 2023. The public issue is offered in a price band of ₹627 to ₹660 per equity share (INOX India IPO Pricing). With the offering
INOX India aims to raise ₹1,459.32 crore.

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INOX India IPO Lot size and allotment date

In bidder has to buy a lot of 22 shares to subscribe to the IPO. Since T+3 listing is mandatory from 1st December 2023, the share allotment is most likely to happen on 19th December 2023. The IPO is proposed for listing on BSE and NSE and The public issue is likely to be listed on 21 December 2023 (INOX India IPO Listing Date).

INOX India IPO GMP

Shares of INOX India are fetching a premium of ₹330 in the grey market today, according to stock market observers.

INOX India IPO Subscription Details 

At 10:39 am on the first day of bidding, the book build issue was subscribed 0.23 times while its retail portion was subscribed 0.37 times. The NII portion of the public issue was subscribed 0.22 times.

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