Finance

Inox India IPO Journey: From Allotment Triumph to Market Eagerly Awaiting in 2023

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Celebrating Success: Inox India IPO Allotment

The excitement is palpable as the Inox India IPO journey progresses, marking a significant milestone in the company’s growth story. Investors eagerly await the outcome of the share allotment process, a crucial step before the stock makes its debut on the market. Let’s dive into the details and understand the journey from IPO allotment to the highly anticipated listing.

Allotment Insights: A Closer Look

The Inox India IPO allotment status is now finalized, and investors can check their fate on the registrar’s portal or the stock exchanges, BSE and NSE. Kfin Technologies Ltd., the dedicated IPO registrar, plays a pivotal role in managing this process. It’s time for investors to discover how many shares have found their way into their investment portfolio.

Refund Process for Unsuccessful Allotments

For those whose allotments were met with disappointment, there’s a silver lining. Inox India Ltd. will initiate the refund process, ensuring a seamless return of funds. The company’s commitment to transparency and fairness shines through as it addresses the needs of investors whose bids faced rejection.

Shares in Your Demat Account: A Reality

On the brighter side, investors who secured a spot in the allotment process will soon witness the addition of Inox India IPO shares to their demat accounts. This marks the tangible beginning of their investment journey with Inox India, a prominent manufacturer of cryogenic tanks.

Countdown to Listing: December 21, 2023

The clock is ticking, and the excitement is building as the Inox India IPhttp://www.inoxindia.comO gears up for its grand listing on Thursday, December 21, 2023. This much-anticipated event follows the successful closure of the initial public offering, which garnered immense interest from investors across the board.

The Oversubscription Frenzy

One cannot overlook the remarkable oversubscription of the Inox India IPO, reaching an impressive 61.28 times. This fervor in demand reflects the confidence and trust investors place in the company’s prospects. Notably, institutional buyers played a pivotal role in driving this overwhelming response.

NSE’s Report: A Testimony to Success

The National Stock Exchange (NSE) witnessed a staggering response, with bids reaching a whopping 94,84,24,268 shares against the 1,54,77,670 shares offered. This not only underscores the popularity of the IPO but also signifies the robust demand that exceeded the available shares by a substantial margin.

Allocation Process: Kfin Technologies at the Helm

As the registrar for Inox India’s IPO, Kfin Technologies Ltd. is at the forefront of managing the allocation process. Investors can ascertain their share allotment status by referencing the basis of allotment in the IPO. This transparent and efficient process ensures a fair distribution of shares among investors.

Checking Allotment Status: Your Guide

Investors keen to check their Inox India IPO allotment status have multiple avenues to do so. Let’s explore the step-by-step process for two popular methods: through Kfin Technologies’ portal and on BSE’s official website.

Checking via Kfin Technologies‘ Portal: Easy Steps

  • Visit the Inox India IPO Allotment webpage: Navigate to this link.
  • Select Inox India Limited: From the dropdown menu, pick Inox India Limited.
  • Choose your status-check option: Opt for either Application No, Demat Account, or PAN.
  • Enter your information: Based on your chosen option, input the required details.
  • Submit and view: Enter the captcha code and click “Submit” to unveil your Inox India IPO allotment status.

BSE’s Website: Another Avenue for Checking Allotment

  • Visit BSE’s official website: Go to BSE IPO Allotment.
  • Choose ‘Equity’ under ‘Issue Type’: Make this selection to narrow down your search.
  • Pick Inox India IPO under ‘Issue Name’: From the dropdown, select Inox India IPO.
  • Enter PAN or application number: Input your PAN or application number.
  • Submit to reveal: Click ‘Submit’ to uncover your Inox India IPO share allotment status.

Grey Market Premium (GMP): A Sneak Peek into Market Sentiment

As investors eagerly await the listing, the Grey Market Premium (GMP) offers a glimpse into market sentiment. As of today, the Inox India IPO GMP stands at ₹530 per share, indicating a significant premium in the grey market.

Estimating Listing Price: A Market Enigma

Considering the upper end of the IPO price band and the current GMP, the estimated listing price for Inox India shares is ₹1,

FAQs

What is the latest update on Inox India IPO allotment?

The Inox India IPO allotment process has been finalized. Investors can check their allotment status on the registrar’s portal, BSE, and NSE websites.

Who is the registrar for Inox India IPO?

Kfin Technologies Ltd. is the registrar handling the Inox India IPO, managing the allotment process and related inquiries.

How can investors check their IPO allotment status?

Investors can check their allotment status through the registrar’s portal by following the steps provided or on the BSE website by entering relevant details.

What happens if my allotment is rejected?

For unsuccessful allotments, Inox India Ltd. will initiate the refund process, ensuring a seamless return of funds to the investors.

When will the shares be credited to demat accounts for successful allotments?

Investors with successful allotments can expect the Inox India IPO shares to be credited to their demat accounts shortly after the allotment.

What is the listing date for Inox India IPO?

The Inox India IPO listing date is scheduled for Thursday, December 21, 2023.

How can investors estimate the listing price of Inox India shares?

The Grey Market Premium (GMP) is an indicator of market sentiment. As of now, Inox India IPO GMP is ₹530 per share, providing insights into the potential listing price.

What steps can I follow to check Inox India IPO allotment on Kfin Technologies’ portal?

Visit the Inox India IPO allotment page on Kfin Technologies’ portal, select Inox India Limited, choose the status-check option (Application No, Demat Account, or PAN), enter the required details, submit, and view your allotment status.

Is there an alternative way to check Inox India IPO allotment status on the BSE website?

Yes, investors can visit BSE’s official website, select ‘Equity’ under ‘Issue Type,’ choose Inox India IPO under ‘Issue Name,’ enter PAN or application number, and click ‘Submit’ to view their allotment status.

Saurabh
the authorSaurabh

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