IPO : Inox India Limited
Inox India Limited IPO
| SYMBOL | INOXINDIA |
| ISSUE TYPE | Book Built Issue IPO |
| ISSUE OPENS ON | Thursday, December 14, 2023 |
| ISSUE CLOSES ON | Monday, December 18, 2023 |
| ISSUE PRICE | ₹627 to ₹660 per share |
| ISSUE SIZE | Up to Rs.1,459.32 Crores |
| FACE VALUE | Rs.2 per share |
Inox CVA IPO is a book built issue of Rs 1,459.32 crores. The issue is entirely an offer for sale of 2.21 crore shares.
Thank you for reading this post, don't forget to subscribe!Inox CVA IPO opens for subscription on December 14, 2023 and closes on December 18, 2023. The allotment for the Inox CVA IPO is expected to be finalized on Tuesday, December 19, 2023. Inox CVA IPO will list on BSE, NSE with tentative listing date fixed as Thursday, December 21, 2023.
| MINIMUM BID | 22 shares |
| MINIMUM AMOUNT | Rs.14,520 |
| MAXIMUM BID | 286 shares |
| MAXIMUM AMOUNT | Rs.188,760 |
| PROMOTER HOLDING | 75.46% (Post-issue) |
| LISTING DATE | Thursday, December 21, 2023 |
| LISTING AT | BSE-NSE |
Inox CVA IPO price band is set at ₹627 to ₹660 per share. The minimum lot size for an application is 22 Shares. The minimum amount of investment required by retail investors is ₹14,520. The minimum lot size investment for sNII is 14 lots (308 shares), amounting to ₹203,280, and for bNII, it is 69 lots (1,518 shares), amounting to ₹1,001,880.
Objects of the Issue (Inox CVA IPO Objectives)
The objectives of the Offer are to
- Carry out the Offer for Sale of up to 22,110,955 Equity Shares by the Selling Shareholders; and
- Achieve the benefits of listing the Equity Shares on the Stock Exchanges. Further, the Company expects that the proposed listing of its Equity Shares will enhance the visibility and brand image as well as provide a public market for the Equity Shares in India. The Selling Shareholders will be entitled to the entire Offer proceeds after deducting the Offer expenses and relevant taxes.
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