Inox India’s IPO, which began on 14 December 2023 and is set to close on 18 December 2023 with the company listing its shares on the BSE and NSE. Inox India IPO GMP (Grey Market Premium), which is an unofficial indicator of how the shares might perform when they are officially listed.
The shares are priced between ₹627 and ₹660, with a face value of ₹2 each. The IPO comprises 22,110,955 shares, totalling ₹1,459.32 Crores. It’s noteworthy that this is an offer for sale, meaning current shareholders are selling their stakes, and Inox India won’t receive the funds.
The shares are available in lot 22, the share allotment will be finalized on 19 December 2023. Then, on 21 December 2023, Inox India’s shares will be listed and start trading on the stock market.
Inox India IPO GMP Today
By tracking the daily changes in the Inox India IPO GMP (grey market premium) since the IPO was announced, we get a clear picture of how much interest and excitement there is around this event. Let’s analyze these trends and explain what they mean for Inox India and its potential investors.
11 December Inox India IPO GMP Status
| GMP Date | GMP | Sub2 Sauda Rate | Estimated Listing Price |
|---|---|---|---|
| 11-12-2023 | ₹262 | 4400/61600 | ₹922 (39.7%) |
On 11 December 2023, the GMP recorded a significant leap, reaching ₹262. This upward movement translated to a 39.7% increase over the issue price of ₹660, setting the tone for an optimistic market sentiment. The estimated listing price, considering the GMP, was positioned at ₹922.
12 December Inox India IPO GMP Status
| GMP Date | GMP | Sub2 Sauda Rate | Estimated Listing Price |
|---|---|---|---|
| 12-12-2023 | ₹330 | 5500/77000 | ₹990 (50%) |
Continuing its upward trajectory, the GMP rose to ₹330 on 12 December 2023. This marked a 50% increment over the IPO price, suggesting robust investor confidence. The estimated listing price was adjusted accordingly, reaching ₹990.
13 December Inox India IPO GMP Status
| GMP Date | GMP | Sub2 Sauda Rate | Estimated Listing Price |
|---|---|---|---|
| 13-12-2023 | ₹445 | 7400/103600 | ₹1105 (67.42%) |
The upward trend persisted on 13 December 2023, with the GMP further escalating to ₹445, indicating a 67.42% hike from the IPO price. Investors were now looking at an estimated listing price of ₹1105, reflecting the growing optimism in the market.
14 December Inox India IPO GMP Status
| GMP Date | GMP | Sub2 Sauda Rate | Estimated Listing Price |
|---|---|---|---|
| 14-12-2023 Open | ₹466 | 7800/109200 | ₹1126 (70.61%) |
A day later, on 14 December 2023, the GMP saw another increase, albeit slightly, reaching ₹466. This represented a 70.61% rise over the IPO price, with the estimated listing price climbing to ₹1126.
15 December Inox India IPO GMP Status
| GMP Date | GMP | Sub2 Sauda Rate | Estimated Listing Price |
|---|---|---|---|
| 15-12-2023 | ₹470 | 7900/110600 | ₹1130 (71.21%) |
The peak of this trend was observed on 15 December 2023, with the GMP hitting an impressive ₹470. This marked a substantial 71.21% increase over the IPO price, pushing the estimated listing price to an alluring ₹1130.
| Open Date | December 14, 2023 |
| Close Date | December 18, 2023 |
| Allotment | December 19, 2023 |
| Refunds | December 20, 2023 |
| To Demat | December 20, 2023 |
| Listing | December 21, 2023 |
You can pre-apply for the Inox India IPO on Upstox. which means the pre-apply open date, usually begins a day before the IPO opens for the subscription.
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