Business Standard

Inox India Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

1,459.32 cr

Price Range (₹)

660

Lot Size

22

Min Investment (₹)

14,520.00

Listing Exchange

MumbaiNSE

Open Date

14-Dec-2023

Close Date

18-Dec-2023

Listing Date

21-Dec-2023

Inox India Ltd News

    The Shares of Inox India Ltd have now been listed.

    Inox India Ltd IPO Details

    Initial public offering of 22,110,955* equity shares of face value of Rs. 2 each (Equity Shares) of Inox India Limited (the Company or the Issuer) for cash at a price of Rs. 660 per equity share (including a share premium of Rs. 658 per equity share) (Offer Price) aggregating to Rs. 1459.32 crores* (the Offer). The offer comprises an offer for sale of 22,110,955* equity shares of face value of Rs. 2 each (Offered Shares) aggregating to Rs. 1459.32 crores*, comprising 10,437,355* equity shares aggregating to Rs. 688.87 crores* by Siddharth Jain, 5,000,000* equity shares aggregating to Rs. 330.00 crores* by Pavan Kumar Jain, 5,000,000* equity shares aggregating to Rs. 330.00 crores* by Nayantara Jain, 1,200,000* equity shares aggregating to Rs. 79.20 crores* by Ishita Jain (collectively referred to as the Promoter Selling Shareholders), 230,000* equity shares aggregating to Rs. 15.18 crores* by Manju Jain, 190,000* equity shares aggregating to Rs. 12.54 *crores by Lata Rungta, 13,400* equity shares aggregating to Rs. 0.88 crores* by Bharti Shah, 13,400* equity shares aggregating to Rs. 0.88 crores* by Kumud Gangwal, 13,400* equity shares aggregating to Rs. 0.88 crores* by Suman Ajmera, and 13,400* equity shares aggregating to Rs. 0.88 crores* by Rajni Mohatta (collectively referred to as the Other Selling Shareholders), (other selling shareholders together with the promoter selling shareholders, collectively referred to as the Selling Shareholders). The offer shall constitute 24.36% of the post-offer paid-up equity share capital of the company.The face value of the equity share is Rs. 2 each. The offer price is 330 times the face value of the equity shares.*Subject to finalisation of the basis of allotment.

    Objective of issue

    Listing of the Equity Shares on the Stock Exchanges.

    Inox India Ltd Contact Details

    Inox India Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

    Phone - 91-40-67162222

    Fax - 91-40-23001153/23420814

    Email - secretarial.in@inoxcva.com

    Website - www.inoxcva.com