INOX India IPO: Price Band and Key Dates
INOX India, a leading player in the industrial gases sector, is all set to launch its Initial Public Offering (IPO). Here are the key details you need to know about the INOX India IPO:
Price Band
The price band for the INOX India IPO is set at ₹627 to ₹660 per equity share of face value ₹2. This provides potential investors with a range to consider while making their investment decisions.
Subscription Dates
The subscription for the INOX India IPO will open on Thursday, December 14, and close on Monday, December 18. Investors have a limited time frame to participate in this IPO, so it’s important to plan accordingly.
Anchor Investor Allocation
The anchor investor allocation for the INOX India IPO will take place on Wednesday, December 13. This allocation is an important step in the IPO process and sets the stage for the overall offering.
Key Metrics
Here are some key metrics to consider while evaluating the INOX India IPO:
- Floor Price: 313.5 times face value
- Cap Price: 330 times face value
- P/E Ratio (FY23, Diluted EPS): 37.25 (floor) – 39.22 (cap)
- Lot Size: 22 shares and multiples thereof
- Allocation: QIB: 50%, NII: 15%, Retail: 35%
Important Dates
Mark these important dates related to the INOX India IPO:
- INOX India IPO Allotment Date: Tuesday, December 19
- Refund Initiation Date: Wednesday, December 20
- Credit to Demat Account Date: Wednesday, December 20
- Listing Date: Thursday, December 21 (BSE)
The basis of allotment date is when investors will find out if they have been allocated shares in the IPO. The refund initiation date is when investors can expect to receive any refunds due to them. The credit to demat account date is when shares will be credited to the investors’ demat accounts. Finally, the listing date is the day when the shares will start trading on the Bombay Stock Exchange (BSE).
Investors are advised to stay updated with the latest information and announcements regarding the INOX India IPO. It is always recommended to consult with financial advisors or conduct thorough research before making any investment decisions.