Explore the latest updates on the INOX India IPO, including its subscription status, Grey Market Premium (GMP), and expert reviews.
As of 1:45 PM on the first day of bidding, the IPO has been subscribed 1.32 times, with the retail portion at 1.68 times and the NII portion at 1.78 times.
Shares of INOX India Limited are trading at a premium of ₹330 in the grey market, indicating strong investor interest.
The IPO, open for subscription until December 18, 2023, is expected to be listed on BSE and NSE on December 21, 2023. Share allotment, as per the T+3 listing norm, is likely to occur on December 19, 2023.
Analysts suggest that INOX India Ltd. is well-positioned for long-term growth, benefiting from the increasing global demand for cryogenic equipment. The company has a strong order book, diversified clientele, and a focus on exports.
Parth Shah, a Research Analyst at StoxBox, advises investors to apply for the IPO from a long-term perspective, citing the company's leadership position, robust financial performance, and favorable industry trends.