INOX India IPO GMP – Open & Close Date, Lot Size & Reservation, Allotment Status

The pricing vary for the INOX India IPO is ₹627 to ₹660 for every fairness share with a face worth of ₹2. The subscription interval for the INOX India IPO is ready to start on Thursday, December 14, and finish on Monday, December 18.

INOX India IPO GMP

The promoter and different promoting shareholders, along with as much as 22,110,955 fairness shares having a face worth of ₹2, can be supplied on the market as a part of the corporate’s first public choices (IPOs) in an effort to purchase capital.

The promoters are Nayantara Jain, Siddharth Jain, Ishita Jain, and Pavan Kumar Jain, in response to the crimson herring prospectus (RHP). Among the many promoting stockholders are 

Siddharth Jain (fairness shares as much as 10,437,355), The next Jain households have the potential to come clean with 5,000,000 fairness shares: Pavan Kumar Jain, Nayantara Jain, Ishita Jain, and Manju Jain. 

The INOX IPO’s book-running lead managers (BRLM) are Axis Capital Restricted and ICICI Securities Restricted. KFin Applied sciences Restricted is the registrar of the INOX preliminary public providing.

Inox India IPO Open & Shut Dates

The Inox India IPO bidding interval will run for 5 days, beginning on December 14 and ending on December 18. On December 13, the anchor e book will open for at some point solely, and can shut on Monday, December 18, 2018.

INOX India IPO GMP

Inox India IPO Lot Measurement & Reservation

The Inox Power IPO is open to traders who want to wager on a number of 230 shares or multiples of these shares. A single lot of the IPO is valued at Rs 14,950 on the higher finish of the worth vary. A retail bidder could place a most bid of two,990 shares, or 13 heaps.

Varied investor varieties are capable of subscribe for shares of Inox Inexperienced Power Providers Restricted IPO in heaps. Under are the specifics of the lot sizes for this preliminary public providing.

Class Particulars
Minimal funding 1 lot
Shares in every lot 230 shares
Minimal quantity of funding per lot Rs. 14,030
Most permissible funding in Heaps 13 heaps
Most shares for funding 2990 shares
Most quantity of funding permissible Rs. 194,350

The qualifying investor classes and their IPO share are 

Class of Investor Reservation of the IPO relevant Out there shares in every class Quantity of funding from every class (Rs. in crores)
QIB (Certified Institutional Buyers) 75% 8,53,84,616 555
NII (Non-Institutional Bidders) 15% 1,70,76,923 111
RII (Retail Particular person Buyers) 10% 1,13,84,615 74

Inox India IPO Allotment Standing & Itemizing Dates

December 14 is the day of the Inox India IPO, and December 18 is the cut-off date. 2023 will see the completion of the Inox India IPO allotment and 2023 the IPO itemizing.

After the enterprise completes the allotment foundation, the Inox Inexperienced Power Providers IPO Allotment will begin. The IPO Allotment for Inox Inexperienced Power Providers shall be carried out in accordance with investor requests.

IPO Open Date December 14, 2023
IPO Shut Date December 18, 2023
Foundation of Allotment December 19, 2023
Refunds December 20, 2023
Credit score to Demat Account December 20, 2023
IPO Itemizing Date December 21, 2023

Inox India IPO Worth

Inox India’s IPO’s most up-to-date GMP, as of December 11, 2023, 11:01 AM, is ₹150. The projected itemizing worth of the Inox India IPO, with a worth band of 660.00, is ₹810 (cap worth + as we speak’s GMP).

  • 22.73% is the anticipated proportion achieve or loss per share.
  • Retail IPO of Inox India Topic to Sauda: ₹2500
  • Small HNI IPO by Inox India ₹35000, topic to Sauda

The Inox India IPO GMP is split into two periods. It’s nonetheless unclear the place the GMP will find yourself. They replace the statistics every day, so be sure to examine again for the latest GMP and extra data. 

Methods to Apply the Inox India IPO?

  • Go to www.inoxcva.com and register to Console.
  • Click on the IPO hyperlink after going to Portfolio.
  • Choose the ‘Bid’ button after navigating to the ‘Inox Inexperienced Power IPO’ row.
  • Put within the Worth, Amount, and UPI ID.
  • “Submit” the IPO utility.
  • Utilizing your checking account and ASBA on-line, you may apply for the Inox India IPO. 
  • Moreover, you may apply on-line for ASBA by way of your inventory brokers utilizing UPI. 
  • You too can apply offline by finishing the shape supplied by your inventory dealer.

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