Inox India IPO to be listed on December 21: Check allotment status

by Psu Connect
Date: 20-12-23

Cryogenic tank maker Inox India's shares are set to be listed on the stock exchanges on Thursday. Its initial public offering [IPO] was subscribed 61.28 times on the last day of the bidding on Monday, mainly due to huge participating from institutional buyers.

Inox India IPO to be listed on December 21: Check allotment status

The recent Inox IPO which was started on 14 December has gained a lot of limelight with its attractive price band ratio. The IPO culminated on Monday with an almost bidding of 61.28 times the subscription. According to the National Stock Exchange data, the IPO received bids for 94,84,24,268 shares against 1,54,77,670 shares on offer.

The portion for Qualified Institutional buyers [QIB] attracted a whopping 147.80 times subscription while the quota for non-institutional investors received 53.20 times subscription. The part for Retail individual investors [RIIs] got subscribed 15.29 times. The IPO of up to 22,110,955 equity shares had a price range of Rs 627-660 a share. The company collected Rs438 crore from anchor investors.

Inox India is considered to be one of the leading cryogenic tank manufacturers and has over 30 years of experience offering solutions across the design, engineering, manufacturing, and installation of equipment and systems for cryogenic conditions. ICICI Securities and Axis Capital were the managers of the offer.

The investors can check their Inox India IPO allotment status on either the Bombay Stock Exchange website or portal of the IPO's registrar Kfin Technologies Ltd. The companies will initiate refund on Wednesday, while the alloted shares will be credited to the allottees in their demat account.

To check the Inox India IPO allotment status, check these steps.

Step1-Log in at the BSE official website. Under 'Issue type', select 'Equity' and choose Inox India IPO from the drop-down option under ' Issue Name'.

Step 2- Enter your PAN or application number and click on 'submit'. The allocation status will appear on the computer or smartphone screen.

Further, if you want to check the status through NSE's official website then go through following steps.

Step1-Log in at NSE's official website. Select the ' Click here to sign up' option on the NSE website and register using your PAN.

Step2-Now, enter username, password and a captcha code shown there.

Step3-Check your IPO allotment status on the new page that will open.

This is how one can check its allotment status.