INOX India Share Price Highlights: IPO shares listed at ₹933, 41% over issue price

INOX India Share Price Highlights: The IPO was open between December 14 and 18, and got subscribed 61.28 times.

The INOX India IPO was worth ₹1459.32 crore (Representational Image) (Representative Photo)

INOX India Share Price Highlights: The initial public offering (IPO) of INOX India, a maker of cryogenic tanks, got listed on the stock exchanges – BSE (Bombay Stock Exchange) and NSE (National Stock Exchange) on Thursday....Read More

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• 21 Dec 2023, 01:38:03 PM IST

  INOX India IPO listing live: INOX India GMP at +440

  INOX India IPO Share price live: The offer's GMP is at +440similar to the previous session. This indicates that the issue's share price today is at a premium of ₹440 in the grey market, Mint reported investorgain.com.

• 21 Dec 2023, 01:10:31 PM IST

  INOX India IPO listing live: Who were the issue's book-running lead managers?

  INOX India IPO Share price live: The book-running lead managers are ICICI Securities Limited and Axis Capital Limited. The registrar is KFin Technologies Limited.

• 21 Dec 2023, 12:32:11 PM IST

  INOX India IPO listing live: Offer details

  INOX India IPO Share price live: As many as 2,21,10,955 of the firm's shares were on sale at ₹2 per share face value). These were sold by the promoter and existing shareholders.

  As per the red herring prospectus (RHP), the promoters are Pavan Kumar Jain, Nayantara Jain, Siddharth Jain, and Ishita Jain. The selling shareholders are Siddharth Jain, Pavan Kumar Jain, Nayantara Jain, Ishita Jain, and Manju Jain.

• 21 Dec 2023, 11:56:31 AM IST

  INOX India IPO listing live: What was the category-wise share reservation?

  INOX India IPO Share price live: The company reserved not more than 50% of the shares in the public issue for qualified institutional buyers; not less than 15% for non-institutional investors; and not less than 35% for retail investors.

• 21 Dec 2023, 11:23:10 AM IST

  INOX India IPO listing live: ‘Decent, but beyond expectations,’ says Swastika Healthmart

  INOX India IPO Share price live: “The hissue as the potential to deliver strong gains in the long term. However, while we can consider it a decent listing, it is still below expectations, and the reason behind this is poor market sentiment,” Shivani Nyati, Head of Wealth, Swastika Investmart Ltd, tells India Today.

  ““With strong fundamentals and a growing market, the company has the potential for long-term value creation; thus, we recommend holding it with a long-term view. Also, fresh buying at a lower level can be considered,” she adds.

  (View of individual analyst)

• 21 Dec 2023, 10:45:02 AM IST

  INOX India IPO listing live: What is the company profile?

  INOX India IPO Share price live: INOX India is the largest supplier of cryogenic solutions in the country, and amongst the top 10 global players in this field.

  The Vadodara-based company operates in the following business verticals: industrial gas, liquefied natural gas (LNG), cryo-scientific, and beverage kegs.

• 21 Dec 2023, 10:14:58 AM IST

  INOX India IPO listing live: Shares debut on BSE, NSE

  INOX India IPO Share price live: INOX India IPO shares debut on BSE and NSE; listed at ₹933 apiece, 41% more than the issue price of ₹660. The share allotment was finalised on December 19, a day after the offer's closing.

• 21 Dec 2023, 09:56:46 AM IST

  INOX India IPO listing live: Shares at ₹949.65 apiece at pre-opening

  INOX India IPO Share price live: At pre-opening, INOX India IPO shares listed at ₹949.65 apiece on stock exchanges. Shares to debut on BSE, NSE shortly.

• 21 Dec 2023, 09:21:51 AM IST

  INOX India IPO listing live: How to check share allotment status?

  INOX India IPO Share price live: The allotment of shares of the public issue was finalised on December 19, a day after the IPO's closing.

  Here's how to check the allotment status.

• 21 Dec 2023, 08:54:12 AM IST

  INOX India IPO listing live: INOX India IPO subscription details

  INOX India IPO Share price live: Among qualified institutional buyers (QIBs), it was booked 147.80 times; 53.20 times in the non-institutional investors' (NIIs) category, and 15.30 times in the retail category.

• 21 Dec 2023, 08:33:14 AM IST

  INOX India IPO listing live: Listing today, price estimated to be ₹1140 apiece

  INOX India IPO Share price live: As per Mint, the INOX India IPO GMP (grey market premium) today is ₹480; i.e., the company's shares are trading higher by ₹480 than their issue price in the grey market.

  Accordingly, the listing price is estimated to be ₹1,140 apiece, a 72.73% premium to the issue price.