INOX India IPO Subscription Reaches 1.32 Times on Day One: GMP, Subscription Status, Review, and Expert Recommendations


The eagerly awaited INOX India IPO has hit the market with a bang, garnering significant attention from investors. As of 1:45 PM on day one, the book build issue has been subscribed 1.32 times, with the retail portion at 1.68 times and the NII portion at 1.78 times.

INOX India IPO Details:

  1. Subscription Status and Grey Market Premium:
    • The INOX India IPO, available for subscription until December 18, 2023, has witnessed a substantial subscription rate of 1.32 times on day one.
    • Remarkably, shares of INOX India Limited are trading at a substantial premium of ₹330 in the grey market, indicating strong investor confidence.
  2. Important Dates and Pricing:
    • The IPO is open for subscription until Monday next week, and the price band is set at ₹627 to ₹660 per equity share.
    • The company aims to raise ₹1,459.32 crores through this 100% offer for sale (OFS) initial public offering.
  3. Key IPO Information:
    • The lot size for the INOX India IPO is 22 company shares, and the share allocation is expected on December 19, 2023, adhering to the T+3 listing norm.
    • KFin Technologies Limited is the official registrar for the IPO.
  4. Listing and Allotment Details:
    • The book build issue is proposed for listing on both BSE and NSE, with the anticipated listing date on December 21, 2023, Thursday.

Should You Apply? Expert Recommendations: Analysts and experts provide varying perspectives on whether to subscribe to the INOX India IPO:

  • Parth Shah, Research Analyst at StoxBox, advises investors to apply for the long term, citing the company’s advantageous position in the cryogenic equipment industry and its positive financial indicators.
  • Amit Goel, Co-Founder and Chief Global Strategist at Pace 360, recommends a ‘subscribe’ tag, highlighting INOX India’s substantial growth in net profit and revenues during FY23.

It’s essential to note that these recommendations are individual opinions, and investors are encouraged to seek advice from certified experts before making any investment decisions.

READ MORE: SJ Logistics IPO Subscription Surpasses Expectations With 107.34 Times Oversubscription

In conclusion, the INOX India IPO presents a compelling investment opportunity, with experts suggesting potential long-term gains. However, investors should carefully evaluate their risk tolerance and investment goals before deciding whether to participate in this public offering.

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