If You Invested ₹15,000 In Inox India IPO, Here's How Much You'd Have Today

Inox India made a stellar debut at the bourses on Thursday, as its shares debuted at a premium of more than 44% above the IPO price. On the exchanges, Inox share price opened at around ₹950, reflecting a significant increase from its offer price of ₹660.

The Investment: If you subscribed to the Inox India IPO and were lucky enough to get an allotment, you would have had around 22 shares of the company. Today, the value of those 22 shares would have surged up to ₹20,900.

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IPO Overview: The Inox India IPO experienced an overwhelming demand, witnessing a remarkable oversubscription of 61.28 times on December 18, the final day of the bidding process.

High net-worth individuals (HNIs) played a leading role in this strong subscription, subscribing 53.20 times their allocated share quota. Retail investors also demonstrated significant interest, oversubscribing their allotted portion by 15.29 times. Meanwhile, qualified institutional buyers (QIBs) showcased exceptional demand by subscribing 147.8 times.

Prior to the IPO, the company successfully raised ₹437.8 crore through anchor investors. Distinguished investors, such as 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.

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Disclaimer: Benzinga India doesn’t give financial advice. The above article is for educational purposes alone.

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