Inox India IPO to be listed on December 21. How to check share allotment status?

Inox India IPO was subscribed 61.28 times on the last day of the bidding.

Updated on: Dec 20, 2023, 10:16:03 IST

By HT News Desk

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Cryogenic tank maker Inox India's shares are set to be listed on the stock exchamges on Thursday. Its initial public offering (IPO) was subscribed 61.28 times on the last day of the bidding on Monday, mainly due to huge participating from institutional buyers.

According to a data by the National Stock Exchange (NSE), the IPO received bids for 94,84,24,268 shares against 1,54,77,670 shares on offer.

According to a data by the National Stock Exchange (NSE), the Inox IPO received bids for 94,84,24,268 shares against 1,54,77,670 shares on offer (Representative Photo)

The portion for Qualified Institutional Buyers (QIBs) attracted a whopping 147.80 times subscription while the quota for non-institutional investors received 53.20 times subscription. The part for Retail Individual Investors (RIIs) got subscribed 15.29 times.

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The IPO of up to 22,110,955 equity shares had a price range of ₹627-660 a share. The company collected ₹438 crore from anchor investors.

Inox India, one of the leading cryogenic tank manufacturers, has over 30 years of experience offering solutions across the design, engineering, manufacturing, and installation of equipment and systems for cryogenic conditions. ICICI Securities and Axis Capital were the managers to the offer.

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How to check Inox India IPO allotment status?

The investors can check their Inox India IPO allotment status on either the Bombay Stock Exchange website or portal of the IPO's registrar Kfin Technologies Ltd. The companies will initiate refund on Wednesday, while the allotted shares will be credited to the allottees in their demat account.

To check IPO allotment status on BSE website, follow these steps.

STEP 1: Log in at the BSE official website. Under ‘Issue type’, select ‘Equity’ and choose Inox India IPO from the drop-down option under ‘Issue Name’.

STEP 2: Enter your PAN or application number and click on ‘Submit’. Your allocation status will appear on the computer or smartphone screen.

To check your Inox India IPO allotment status, check these steps.

STEP 1: Log in at the NSE's official website.

STEP 2: Select the ‘Click here to sign up’ option on the NSE website and register using your PAN.

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STEP 3: Now, enter username, password and a captcha code shown there.

STEP 4: Check your IPO allotment status on the new page that will open.

To check your Inox India allotment status using registrar Kfin Technologies Ltd's portal, follow these steps:

STEP 1: Check the Inox allotment status using this link. On clicking this link, you will see five links where you can check the status.

STEP 2: On opening one of the five links, select Inox India Limited from the drop down menu in the 'Select IPO section. You can choose one of the three options to check the status, i.e application number, demat account or PAN.

STEP 3: If you select application number, type it and then the captcha code. Click on ‘submit’. If you selected Demat account, enter it and select ‘Submit’. If you opted for PAN, then enter it and the captcha code. Click ‘Submit’.

Inox India GMP

Inox India shares were trading at a premium of ₹530 in the grey market as of 3:24 pm on Tuesday.

ABOUT THE AUTHOR
HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

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