Inox India Ltd. opened its Rs 1,459.3-crore initial public offering on Thursday. It was subscribed 2.79 times on Day 1.
For the maiden public issue, it has set a price band of Rs 627–660 per share. The cryogenic tank maker collected Rs 438 crore from anchor investors a day before its IPO.
The issue comprises an offer for sale of up to 2.21 crore shares worth Rs 1,459.3 crore by its existing shareholders and promoters. The company does not have any fresh issue. The IPO issue will close on Dec. 18.
Issue Details
Issue Opens: Dec. 14
Issue Closes: Dec. 18
OFS Size: Rs 1,459.3 crore
Total Issue Size: Rs 1,459.3 crore
Price Band: Rs 627–660 apiece
Lot Size: 22 shares
Face Value: Rs 2 per share
Listing: BSE, NSE
Subscription Status: Day 2
The IPO has been subscribed 7.07 times as of 5 p.m. on Friday.
Institutional investors: 0.17 times, or 17%
Non-institutional investors: 13.73 times
Retail investors: 8.17 times
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