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

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.

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.

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.

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.

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.

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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.

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.

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.

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.

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.

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.