How To Check Inox India IPO Allotment Status

Inox India specializing in the manufacturing and supply of cryogenic equipment, is set to finalise the allotment status of its initial public offering (IPO) on Tuesday, December 19.

The Inox India IPO commenced on December 14 and concluded on December 18, the price band was set between ₹627 to ₹660 per share. Investors eager to check their Inox India IPO allotment status can follow these steps:

Checking Allotment Status on Registrar's Website:

  1. Visit the registrar's website to check the Inox India IPO allotment status.
  2. Select ‘Company Selection’ and choose ‘Inox India.’
  3. Enter your PAN, application number, DP/Client ID, or Account number/IFSC.
  4. Click on ‘Search’ to retrieve the allotment status.

Checking Allotment Status on BSE:

  1. Go to the BSE website.
  2. Click on the ‘Equity' section and select ‘Inox India' from the dropdown menu.
  3. Enter your application number or PAN.
  4. Click on the ‘Search' button.
  5. The result will show the number of shares allotted to you.

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Inox India IPO Details: Inox India IPO witnessed overwhelming demand as it was oversubscribed 61.28 times on December 18, the final day of the bidding process.

High net-worth individuals (HNIs) led the strong subscription, subscribing 53.20 times their allocated share quota. Retail investors also showed substantial interest, oversubscribing the portion set aside for them by 15.29 times, while qualified institutional buyers (QIBs) demonstrated exceptional demand by subscribing 147.8 times.

The Vadodara-based company specialises in cryogenic equipment and solutions for various industries such as industrial gases, liquefied natural gas, green hydrogen, energy, chemicals, aviation, and aerospace,

Before the IPO, the company successfully raised ₹437.8 crore through anchor investors Distinguished investors, including Abu Dhabi Investment Authority, Nomura Trust, Goldman Sachs, Carmignac Portfolio, HSBC Global, SBI Mutual Fund, ICICI Prudential Mutual Fund, HDFC Mutual Fund, Fidelity Funds, Ashoka Whiteoak, Nippon Life India, Kotak Mahindra Trustee, and Axis Mutual Fund, participated in the anchor book.

The stock is expected to be listed on December 21.

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Posted In: NewsIPOsInox India