Ahead of INOX India's market debut, the share allotment process for the IPO has been finalised, and investors can now check their allotment status. Here is a step-by-step guide to check the share allotment status.
INOX India's IPO has witnessed strong interest from investors. (Photo: /inoxcva.com)
New Delhi,UPDATED: Dec 20, 2023 12:27 IST
The initial public offering (IPO) of leading cryogenic equipment manufacturer INOX India is poised for its market debut on Thursday, December 21 after witnessing strong demand during its subscription period from December 14 to December 18.
The IPO garnered significant attention from investors as it was oversubscribed 61.28 times. Ahead of INOX India's market debut, the share allotment process for the IPO has been finalised, and investors can now check their allotment status.
The IPO allotment status can be verified through the official websites of Bombay Stock Exchange (BSE) and KFin Technologies Ltd, the registrar for the issue.
Steps to check via Kfin Tech:
Visit the Inox India IPO allotment website.
Open one of the five provided links and select "Inox India Limited" from the dropdown menu.
Choose one of the options to check the status: Application No, Demat Account, or PAN.
Enter the required information based on the selected option.
Input the captcha code and click "Submit" to view your INOX India IPO allotment status.
Via BSE website:
Visit the BSE's official allotment page.
Under 'Issue Type,' select 'Equity.'
Choose the IPO from the drop-down menu under 'Issue Name.'
Enter PAN or application number to check the allotment status.
Refund process
For those who have not been allotted shares, INOX India Ltd will initiate the refund process. The allocated shares will be credited to investors' demat accounts.
GMP ahead of market listing
As of today, the grey market premium (GMP) for INOX India IPO stands at Rs 530 per share, indicating a substantial premium in the grey market.
Market observers suggest that considering the upper end of the IPO price band, the estimated listing price could be Rs 1,190 per share, representing an 80.3 per cent premium over the IPO price of Rs 660.
Key Details of INOX India IPO:
Price Band: Rs 627 to Rs 660 per equity share
Offer for Sale: Up to 22,110,955 equity shares by selling shareholders
Book-Running Lead Managers: ICICI Securities Limited and Axis Capital Limited
Registrar: KFin Technologies Limited
INOX India, renowned for its INOXCVA brand, specializes in cryogenic equipment and system design, engineering, manufacturing, and installation. In FY23, the company reported a 17 per cent increase in net profit to Rs 152.71 crore and a 23.4 per cent growth in revenues to Rs 965.9 crore, reinforcing its strong position in the cryogenic equipment sector.
Published By:
Koustav Das
Published On:
Dec 20, 2023
English (US) ·