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Inox India IPO Price Band Set | Know IPO Price, Bidding Dates, GMP & More
Inox India IPO Price: Cryogenic storage solutions company Inox India has announced the price band of Rs 627-660 for its Initial Public Offering (IPO). The five-day bidding period for Inox India IPO will begin on December 14 and end on December 18. The anchor book is scheduled to open on December 13 for one day.
Updated Dec 11, 2023 , 09:21 AM IST
Inox India IPO price band has been set in the range of Rs 627-660 (Pic: Canva Pro)
Inox India IPO Price: Cryogenic storage solutions company Inox India has announced the price band of Rs 627-660 for its Initial Public Offering (IPO). The company aims to gather Rs 1,459.32 crores at the upper end of the price range. Note that the face value of each share is Rs 2.
The maiden issue is composed solely of an offer-for-sale (OFS) of 2.21 crore shares. Take a look at important details about Inox India IPO, including the bidding dates, lot size, and latest grey market premium (GMP).
Inox India IPO Dates
The five-day bidding period for Inox India IPO will begin on December 14 and end on December 18. The anchor book is scheduled to open on December 13 for one day.
Inox India IPO Lot Size And Minimum Investment
The lot size, or the minimum number of shares an investor must bid for for the Inox India IPO, is 22. The minimum investment for retail investors for 22 shares at the lower price band of Rs 627 is Rs 13,794.
Inox India IPO GMP
According to several websites that track unlisted market activities, the Inox India IPO GMP on Monday was Rs 0.About Inox India IPO
The IPO is exclusively an offer-for-sale of 2.21 crore equity shares by existing shareholders. Promoters Siddharth Jain, Pavan Kumar Jain, Nayantara Jain, and Ishita Jain, along with shareholders Manju Jain, Lata Rungta, Bharti Shah, Kumud Gangwal, Suman Ajmera, and Rajni Mohatta are participating in the OFS.As much as 50 per cent of the issue size is reserved for qualified institutional buyers. Another 15 per cent is set aside for high net-worth individuals, while 35 per cent of the offer is available to retail investors.
All funds raised from the IPO will go to the selling shareholders mentioned above, with no capital inflow to the company itself.
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