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News Details

11/12/2023 10:30

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Inox India announces launch of initial public offering

Inox India Ltd. has announced public offering of 22110955 shares at a price of Rs 2.00 each for Cash at a Premium of Rs 658.00 per share. The gross proceeds of the issue are expected to be Rs 1,45,932.30 lakhs.

The company's initial public offer (IPO) will open on 14 December 2023 and is expected to close on 18 December 2023, subject to customary closing conditions. The price band of the issue has been fixed at Rs 627.00-660.00 per share.

The IPO includes a fresh Issue of 22110955 Equity Shares of the Company at an price of Rs 660.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 22 shares with bids in multiples of 22.

Inox India Ltd. anticipates using the proceeds of the issue for .

ICICI SECURITIES LTD,Axis Capital Ltd as lead manager(s) & KFin Technologies Ltd. is the registrar, to the issue.