Inox India IPO opens for retail investors from today, stormy boom seen in gray market, premium increased by 80%
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Inox India IPO: The Indian stock market of cryogenic tank maker Inox India has opened for retail investors from today. The company plans to raise Rs 1459.32 crore from the IPO. The company has fixed the price band between Rs 627 and Rs 660. The good thing is that those who already have shares of the company. There will be an offer for sale (OFS) of 2.21 crore equity shares for them. Whereas, 50 percent of the issue will be reserved for qualified institutional buyers and 15 percent for high net worth individuals. At the same time, 35 percent share has been reserved for retail investors. Potentially, shares of Inox India can be listed on BSE and NSE on 21st December. Regarding the IPO of the company, there is a lot of activity in the gray market. A day ago, a premium of Rs 270 was being offered on the company’s shares in the gray market. Whereas, today a premium of Rs 330 is being given. Let us tell you that retail investors will have to invest at least Rs 13,794 in the company.
What does Inox India Company do?
Inox India Gujraj is the best company. He has 30 years of work experience. Cryogenic conditions solutions are provided by the company. The company works on projects related to tanks, equipment and industries like industrial gases, LNG, healthcare, aviation etc. At present Inox India has three operational facilities centres. It has two centers located in Kalol and Kandla SEZ in Gujarat. Whereas, the third one is situated in Silvassa of Dadra Ange Nagar Haveli. As of March 31, the company had orders worth Rs 1003.15 crore. Inox India has earned an income of Rs 965.90 crore this year. Compared to last year, the company’s profit was Rs 152.71 crore.
what is ipo
The full name of IPO is Initial Public Offering. It is a financial process in which a private company decides to issue an offer of its stock to investors in the open market. This is the first time for the company when it goes to sell its shares in the open market. When a company issues an IPO, it publicizes its shares and gives investors the opportunity to buy its shares. Through IPO, the company makes its stock available to investors through public and news media so that they can buy it. Through IPO, the company mostly tries to attract new investors for its stock and through this the company collects most of the capital to fulfill its development and financial plans. This is an attractive option for investors because it offers them the opportunity to own a public company.
How to invest in IPO
Before investing in IPO, understand the related documents completely. Investing in this is risky. In such a situation, take help from a financial advisor. To subscribe to an IPO, you must have a demat account. If you do not have one, you can approach a registered stockbroker or Depository Participant (DP) to open a Demat account. Next, choose a registered stockbroker that offers IPO services. You can do this through online trading platforms or by visiting the broker’s office in person. Stay updated with IPO announcements and their details. Information about upcoming IPOs is usually available on the websites of stock exchanges, financial newspapers and the official website of the company issuing the IPO. Once you have selected an IPO that you want to subscribe to, you can apply online or offline.
,Disclaimer: The information provided here is being given for information only. It is important to mention here that investing in the market is subject to market risks. As an investor, always consult an expert before investing money.,
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