The basis of allotment for the Initial Public Offering (IPO) of the INOX India Limited will be finalised on 19th December 2023 as per the tentative date mentioned in the company’s RHP document filed with the SEBI. The investors can check the INOX IPO allotment status through its Registrar Kfin Technologies (Kfintech) website on the said date. The IPO of the INOX India Limited, owner of INOXCVA brand, has received terrific response with its issue being subscribed 61.28 times. Read below to know the allotment date and time along with tentative allotment matrix.
INOX IPO allotment date and time
According to the company’s red-herring prospectus, the allotment will be finalised on 19th December 2023. INOX India IPO registrar Kfintech is expected to upload the allotment status on its website by evening or night on 19th December.
The investors who didn’t get the allotment will get their refunds on 20th December. The shares to the successful allottees will also be credited on the same day i.e., 20th December 2023. The issue will debut on the NSE and BSE on 21st December 2023 as per the reports.
How to check the allotment status?
The investors can check the INOX India Limited IPO allotment status by visiting the official website of its registrar Kfin Technologies and entering the required details.
- INOX IPO allotment status link on Kfin Technologies website- https://ris.kfintech.com/ipostatus/
- Enter your PAN, application number of Demat account details to access the allotment status details
- Alternatively the allotment status can also be checked on BSE and NSE websites following the same process.
The Rs 1,459.32 crore IPO of INOX India Limited was open between 14th to 18th December. The issue is an entirely offer for sale of 2.21 crore shares of face value of Rs 2 per share with price band set from Rs 627 to Rs 660 per share.
According to the subscription status numbers by the end of third day (18th December), the INOX IPO was subscribed a total of 61.28 times, receiving bids worth nearly 62,596.73 crore.
Here is the subscription status and a tentative allotment matrix.
- The retail portion was subscribed 15.30 times. 1 out of 12 retail investors will likely get the allotment.
- sNII subscription stands at 46.52 times. SHNI allotment likely to be 1 out of 42.
- Big NIIs subscribed 56.55 times. Allotment likely to 2 out of 21 BHNIs.
- QIBs subscribed 147.80 times, putting bids worth over Rs 43,138 crore.
- A total number of 43,76,302 applications were received.
Edit Note: Subscription data corrected and updated.
