Inox India IPO Listing on December 21st; Expected to Debut at 82% Premium

Inox India's highly anticipated debut on the stock exchanges is poised to make waves as expectations surge for its listing on December 21st. With an incredible subscription rate of 61 times during its IPO, buoyed by robust interest from institutional buyers and retail investors, the company's shares have been commanding a significant premium of Rs 520-540 in the unlisted market.

The IPO, solely through Offer for Sale (OFS), will see the sale of 2,21,10,955 shares (approximately 221.11 lakh shares) by promoter shareholders Siddharth Jain, Pavan Kumar Jain, Nayantara Jain, and Ishita Jain, along with shares offered by investor shareholders. Valued at the upper price band of ₹660 per share, the total IPO size amounts to ₹1,459.32 crore, without any fresh issue component.

Market experts predict a remarkable 82% premium for Inox India's stock at the time of its market debut, reflecting the fervent interest and confidence investors have shown in the company. However, it's important to note that grey market premiums are subject to rapid fluctuations and may not always accurately reflect the stock's performance upon listing.

Stay tuned for market dynamics and excitement around the grand entry of Inox India into the stock exchanges on Thursday, December 21 2023.