Inox India is into Industries Cryogenic Equipments and is looking raise funds through Offer for Sale
Inox India IPO Update:
Inox India Limited IPO: Vadodara based Inox India Limited established in the year 1976 and is into Industries - Cryogenic Equipments sector.
Company is promoted by Pavan Kumar Jain, Nayantara Jain, Siddharth Jain and Ishita Jain. Pre-Offer Promoter and Promoter group stake in the company is 99.3%.
Inox India Limited has filed Red Herring Prospectus (RHP) for proposed initial public offer (IPO). Total issue size is INR Crores calculated on upper price band (face value of INR 2 per share) via initial public offering.
Initial Public Offer comprising of a Offer for Sale of up to 22,110,955 Equity Shares ICICI Securities, Axis Capital have been appointed as lead merchant bankers for the proposed IPO. It has appointed KFin Technologies Ltd. as Registrar and Share transfer Agent.
Details about upcoming IPO:
As per the details available in RHP, Price band is Rs 627 to Rs 660 with lot size of 22 shares and in multiples thereof. Objects of the issue is 1) carry out the Offer for Sale of up to 22,110,955 Equity Shares by the Selling Shareholders, and 2) achieve the benefits of listing the Equity Shares on the Stock Exchanges..
IPO Dates:
IPO will open on December 14, 2023 and close on December 14, 2023. Tentative date of listing on stock exchanges is December 21, 2023
Want to know more details about the IPO, please visit here Inox India Limited
Source: SEBI, BSE, NSE, DRHP, Inox India, Industry Data
Disclaimer: Above article only publishes details about the IPO and for educational purpose only. It doesn't solicit or invite any interest to invest in any kind of securities. Please visit respective sources to verify and know more details about the IPO. We advise investors to take opinion from certified/SEBI registered experts before taking any investment decisions.
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