Inox IPO GMP: Today is the last day to place bets on the INOX India IPO (18th December). The IPO has been received a Strong response so far. As per data till 2:30 pm, the IPO was subscribed more than 29.47 times. The retail category was subscribed 13.04 times.
Investors have shown interest in the IPO
On Monday till 2:30 pm, the Qualified Institutional Investors category received 45.69 biddings and the Non-Institutional Investors category received 46.20 times subscriptions. The IPO received 2.86 times subscriptions on the first day or 14 December and 7.11 times subscriptions on the second day.
The price band of the company's IPO has been fixed at Rs 627 to Rs 660 per share and the allotment of shares to the investors betting on INOX India IPO is to be done on December 19.
Inox India IPO GMP
According to the report of a top share broker, INOX India IPO was trading at a premium of Rs 545 in the grey market, which means, the shares of Inox can be listed in the stock market at Rs 1205 per share. If the real market trend turns into reality, investors can make a profit of more than 80 per cent on the first day. The listing of the PO in the stock market is to take place on 21st December.
what is the lot size?
The lot size of INOX India IPO is 22 shares, which means retail investors will have to invest at least Rs 14,520 to subscribe to the iIPO Any retail investor can bet on a maximum of 13 lots.
The company had raised Rs 437.80 crore through anchor investors. The lock-in period for 50 per cent of the shares allotted to anchor investors is January 31, 2023. The remaining 50 percent is due April 24, 2023.
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