Inox India IPO GMP | Inoxcva IPO GMP Today

Inox India IPO GMP(Inoxcva IPO GMP Today): Inox India Limited, a leading player in the cryogenic equipment and solutions industry, is all set to launch its Initial Public Offering (IPO) on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). This IPO, which is entirely an Offer for Sale (OFS) issue, has a total issue size of Rs 1459.32 Crores. Each share of Inox India Limited carries a face value of Rs 2. The IPO subscription period is scheduled to run from December 14th to December 18th, 2023. To participate in this IPO, investors are required to purchase at least one lot of 22 shares, with each share priced in the range of Rs 627 to Rs 660.

Also Read: Inox India Sets IPO Price Band at Rs 627-660, Aims to Raise Rs 1,459 Crore from OFS

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Inox India IPO GMP (Inoxcva IPO GMP Today)

One key metric that investors closely follow during the IPO subscription period is the Grey Market Premium (GMP). The GMP represents the price at which an IPO is traded in the unofficial and unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on its listing day. As of December 21, 2023, the last reported Inox India IPO GMP was Rs 440. With the IPO price band set at Rs 660, the estimated listing price for Inox India IPO is projected to be Rs 1100. This implies an expected percentage gain of 66.67% for investors who secure shares during the IPO.

Here’s a snapshot of the recent Inox India IPO GMP: [Last Updated: 21 Dec, 2023; 15:05]

GMP DateIPO PriceGMPSub2 Sauda RateEstimated Listing Price
21-12-2023₹660.00₹4407400/103600₹1100 (66.67%)
20-12-2023₹660.00₹4407400/103600₹1100 (66.67%)
19-12-2023₹660.00₹5308900/124600₹1190 (80.30%)
18-12-2023₹660.00₹5459100/127400₹1205 (82.58%)
17-12-2023₹660.00₹5559300/130200₹1215 (84.09%)
16-12-2023₹660.00₹5559300/130200₹1215 (84.09%)
15-12-2023₹660.00₹5338900/124600₹1193 (80.76%)
14-12-2023₹660.00₹4557600/106400₹1115 (68.94%)
13-12-2023₹660.00₹4207000/98000₹1080 (63.64%)
12-12-2023₹660.00₹3305500/77000₹990 (50.00%)
11-12-2023₹660.00₹2624400/61600₹922 (39.70%)
10-12-2023Rs 0₹(0%)
Inoxcva IPO GMP Today

Also Read: INOXCVA to Launch IPO in December After Regulatory Approval from SEBI

Why Monitor IPO GMP?

The Grey Market Premium (GMP) provides valuable insights into the market sentiment and investor expectations regarding a particular IPO. A positive Inoxcva IPO GMP indicates that there is strong demand for the IPO shares, and investors anticipate potential gains upon listing. Conversely, a negative GMP suggests that there may be concerns or lower interest in the IPO.

It’s important to note that IPO GMP can be highly volatile and speculative. Relying solely on GMP to make investment decisions can be risky. It’s crucial for investors to consider all relevant factors and conduct thorough due diligence before deciding whether to invest in the Inox India IPO or any other IPO.

Also Read: Announced IPOs: Upcoming Big IPOs in India 2024

About Inox India Limited

Established in 1976, Inox India Limited boasts over three decades of experience in the development, design, manufacturing, and installation of equipment and systems designed for cryogenic conditions. The company’s product offerings span a wide range, including standard cryogenic tanks and equipment, beverage drums, custom technologies, equipment and solutions, and large-scale turnkey projects used across various industries such as industrial gases, liquefied natural gas (LNG), green hydrogen, energy, steel, medical and healthcare, chemicals and fertilizers, aerospace, pharmaceuticals, and construction.

The demand for cryogenic equipment is expected to surge globally, driven by the increasing need for cleaner fuels like LNG and hydrogen to reduce carbon emissions from traditional energy sources. Inox India is well-positioned to capitalize on this market growth with its proprietary technology and comprehensive LNG product range that covers the entire value chain. Additionally, the company is actively developing products and systems for hydrogen storage, transportation, and distribution to cater to the growing demand for liquid hydrogen.

Notably, Inox India collaborated with the Indian Space Research Organisation (ISRO) to manufacture a trailer-mounted hydrogen transportation tank, a testament to its innovation and capabilities.

Also Read: Kross Ltd Files ₹500 Crore IPO with SEBI, Eyes Capital Market Expansion

Strengths of Inox India IPO

  1. Leading Indian supplier and exporter of cryogenic equipment and solutions.
  2. Extensive portfolio of specialized cryogenic equipment adhering to global quality standards.
  3. Diverse customer base across domestic and international sectors.
  4. Strong focus on product development and engineering.
  5. Healthy financial performance, providing a strong foundation for growth.

Also See: Upcoming IPO in India

Inox India IPO Dates

Here are the important dates for the Inox India IPO:

  • IPO Open Date: December 14, 2023
  • IPO Close Date: December 18, 2023
  • Basis of Allotment Finalization Date: December 19, 2023
  • Refunds Initiation Date: December 20, 2023
  • Credit of Shares to Demat Account Date: December 20, 2023
  • IPO Listing Date: December 21, 2023

In conclusion, the Inox India IPO has generated significant interest in the market, as indicated by the Grey Market Premium (GMP). However, it’s crucial for investors to exercise caution, conduct thorough research, and consider their investment goals and risk tolerance before participating in the IPO. The IPO’s strengths, along with the anticipated market demand for cryogenic equipment and solutions, make it an offering worth watching for potential investors.

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