INOX India IPO Listing Highlights updates: Shares list at 43% premium over IPO price - Buy, Sell or Hold?
INOX India IPO Listing Today Highlights, INOX Share Price NSE, BSE: Shares of cryogenic tank maker INOX India Limited are scheduled to be listed on the exchanges today i.e. December 2023. According to official information, shares of INOX will be listed on the National Stock Exchange (NSE) and BSE during a special pre-open session at 10 am.
Zee Business Managing Editor Anil Singhvi had advised investors to subscribe to INOX India IPO for good listing gains and long-term gains. Earlier, the Rs 1,459.32 crore-initial share sale of INOX India got subscribed 61.28 times on the last day of bidding.
Follow Zee Business LIVE BLOG for all the latest news and updates on INOX India Shares Listing on NSE, BSE:
INOX India IPO Listing Today Highlights, INOX Share Price NSE, BSE: Shares of cryogenic tank maker INOX India Limited are scheduled to be listed on the exchanges today i.e. December 2023. According to official information, shares of INOX will be listed on the National Stock Exchange (NSE) and BSE during a special pre-open session at 10 am.
Zee Business Managing Editor Anil Singhvi had advised investors to subscribe to INOX India IPO for good listing gains and long-term gains. Earlier, the Rs 1,459.32 crore-initial share sale of INOX India got subscribed 61.28 times on the last day of bidding.
Follow Zee Business LIVE BLOG for all the latest news and updates on INOX India Shares Listing on NSE, BSE:
Latest Updates
INOX India IPO Listing Today LIVE: Buy, Sell or Hold? Check Anil Singhvi's view
According to Zee Business Managing Editor, one should hold and long-term investors can buy shares.
INOX India IPO Listing Today LIVE: Price settles at 41.39% premium on BSE
In the pre-opening session, shares of INOX India settled at Rs 933.15 on the BSE. This is a premium of 41.39% per cent to the issue price of Rs 660.
INOX India IPO Listing Today LIVE: Price settles at 43.89% premium
In the pre-opening session, shares of INOX India settled at Rs 949.65 on the NSE, a premium of 43.89 per cent to the issue price of Rs 660.
INOX India IPO Listing Today LIVE: Check stoploss
According to Zee Business Managing Editor Anil Singhvi, short-term investors must hold shares with stoploss of Rs 1,050. Long-term investors must also hold shares.
INOX India IPO Listing Today LIVE: Anil Singhvi's View
According to Zee Business Managing Editor Anil Singhvi, shares of INOX India are expected to list at around Rs 1,100 against the issue price of Rs 660.
INOX India IPO Listing Today LIVE: Managers to the offer
ICICI Securities and Axis Capital were the managers to the offer.
INOX India IPO Listing Today LIVE: What does the company do?
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.
INOX India IPO Listing Today LIVE: It was completely an OFS
Since the issue was completely an Offer for Sale (OFS), the Vadodara-based company will not receive any proceeds and all the funds will go to the selling shareholders.
INOX India IPO Listing Today LIVE: Collected Rs 438 crore
On Wednesday, INOX India collected Rs 438 crore from anchor investors.
INOX India IPO Listing Today LIVE: RIIs got subscribed 15.29 times
The part for Retail Individual Investors (RIIs) got subscribed 15.29 times. The initial public offer of up to 22,110,955 equity shares had a price range of Rs 627-660 a share.
INOX India IPO Listing Today LIVE: QIBs attracted 147.80 times subscription
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.
INOX India IPO Listing Today LIVE: Received bids for 94,84,24,268
The Initial Public Offering (IPO) of INXO India received bids for 94,84,24,268 shares against 1,54,77,670 shares on offer, as per the NSE data.