Inox India IPO: Exciting Opportunity to Invest in Inox India's IPO!
Inox India IPO is now open for subscription and will remain open until December 18. This three-day offering presents a great opportunity for investors to be a part of the company’s growth story.
Analysts have given positive valuations and foresee promising future growth prospects for Inox India. With its diverse product portfolio, strong customer base, and consistent financial performance, the company is well-positioned for success. Swastika Investment even recommends a ‘Subscribe’ rating for both potential listing gains and long-term capitalization.
The IPO consists of an Offer for Sale (OFS) of 2.21 crore shares with a face value of Rs. 2 each. There is no fresh issue clause in this IPO. Investors can bid for a minimum of 22 shares at a price range of Rs. 627-660.
The selling shareholders in this OFS include Siddharth Jain, Pawan Kumar Jain, Nayantara Jain, Ishita Jain, Manju Jain, and Lata Rungta.
Eligible institutional buyers have a reserved allocation of 50% of the offer, while retail investors have 35% and non-institutional investors have 15%.
It’s important to note that since this is an OFS, Inox India will not receive any funds from the IPO selling shareholders will receive all of the proceeds.
Inox India is a renowned cryogenic tank manufacturer with over 30 years of experience. Their expertise lies in designing, engineering, manufacturing, and installing equipment and systems for cryogenic conditions. With an order book of Rs. 1,036 crore as of September 2023, the company is poised for further growth.
Don’t miss out on the Inox India IPO and this opportunity to be a part of Inox India’s journey. Subscribe to the IPO and seize the potential benefits it offers!
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