Inox India IPO Allotment Finalized. Here's How To Check Whether You Got IPO Shares

Inox India IPO Allotment Finalized. Here's How To Check Whether You Got IPO Shares

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Business Today
  • Updated Dec 19, 2023 7:32 PM IST

Inox India IPO opened on December 14 and closed on December 18. The price band for the IPO was ₹627 to ₹660 per share. On its last day, on Monday, the Inox India IPO was subscribed 61.06 times, receiving bids for 94.53 crore equity shares against 1.55 crore shares on offer.  While the qualified institutional buyer (QIB) portion was subscribed 147.80 times, the non-institutional investors portion was subscribed 53.03 times. The retail portion witnessed good participation and was subscribed 14.96 times. but why was there such a huge demand for inox India? The company is the largest exporter of cryogenic tanks - tanks which are used to store liquified gases like oxygen, nitrogen etc. The co's revenues have grown from Rs 600 crores to Rs 1000 crores. It is profit making, has a strong parentage - inox group - demand for these tanks is expected to increase with the rise in demand for cleaner fuels. Here’s how to check the IPO’s allotment status. Investors, who bade for the issue of Inox India , can check the allotment status on the BSE website's IPO application check page. Check-in equity, under the issue type and select Inox India Limited in the Dropbox; type-in the application number and add the PAN card number before checking-in at 'I am not a Robot' before hitting the submit button. Allotment status can also be checked through the online portal of Kfin Technologies, the registrar to the issue. Visit the web portal of Kfin Tech and select the IPO of Inox India in the Dropbox. Enter the either PAN Card number, Application Number or DP Client ID as selected tab and hit 'search' to get the allotment status for your application.

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