Inox India IPO: Cryogenic equipment maker Inox India launched an initial public offer (IPO), estimated to be worth Rs 1,459 crore, on December 14. The IPO comprises an offer for sale (OFS) of 2.2 crore shares by promoters and existing investors. 

Inox India IPO subscription status

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Inox India's share sale received bids for 94,84,35,312 shares against 1,54,77,670 shares on offer. Overall, the public issue has been subscribed 61.28 times on final day of the bidding process. 

Category Subscription (No. of times the equity reserved)
Qualified institutional buyers  147.80
Non-institutional investors 53.20
Retail investors 15.30
Overall 61.28
Source: Exchange data

Here are some of the important things to know about the upcoming Inox India IPO:

Inox India IPO important dates

Inox India shares will be available for bidding, in a three-day book-building process, from 10 am to 5 pm from December 14 to December 18. The basis of the allotment of shares under the IPO of Inox India is set to be finalised on December 19. The Inox India IPO stock is likely to be listed in the secondary market on December 21. 

Inox India IPO issue price

The company has set a price band of Rs 627-660 per share for the IPO.

Inox India IPO: Lot size 

Potential investors will be able to bid for shares in multiples of 22 under the IPO.

Inox India IPO book-running lead managers and registrar

ICICI Securities Ltd and Axis Capital Ltd are the book-running lead managers for the Inox India IPO, whereas Kfin Technologies is the registrar.

What does Inox India do?

Incorporated in December 1976, Inox India is a supplier of cryogenic equipment. The company provides end-to-end solutions for equipment and systems operating in cryogenic conditions, including design, engineering, manufacturing, and installation.

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