INOX India IPO: Firm mobilises ₹438 crore from anchor investors ahead of issue
INOX India IPO: INOX India has raised ₹437.8 crore from anchor investors ahead of its IPO subscription opening for bidding. INOX India initial public offering (IPO) will open for subscription on Thursday, December 14, and close on Monday, December 18. The INOX India IPO price band has been set in the range of ₹627 to ₹660 per equity share of the face value of ₹2.
The leading manufacturer of cryogenic storage tanks said that it has finalised allocation of 66,33,285 equity shares to anchor investors at a price of ₹660 per equity share. “12 mutual funds have applied through a total of 28 schemes,” said INOX India in a statement on December 13.
Global investors including Nomura Trust, Carmignac Portfolio, Abu Dhabi Investment Authority, Natixis International Funds, Goldman Sachs, Volrado Venture, and HSBC Global, invested in the company through the anchor book.
Domestic investors such as asset management and insurance companies also participated in the anchor book including HDFC Mutual Fund, Ashoka Whiteoak, Kotak Mahindra Trustee, SBI Mutual Fund, HDFC Life Insurance, ICICI Prudential Mutual Fund, Nippon Life India, UTI Mutual Fund, HDFC Life Insurance Company, ICICI Prudential Life Insurance, among few others.
INOX India IPO Details:
The company intends to raise money through its public offer, which will include an offer for sale of up to 22,110,955 equity shares (with a face value of ₹2) made by selling shareholders, including the promoter and other selling shareholders. INOX India IPO is a book built issue of ₹1,459.32 crores The issue is entirely an offer for sale of 2.21 crore shares.
The book-running lead managers (BRLM) of the INOX IPO are ICICI Securities Limited and Axis Capital Limited. The registrar of the INOX IPO is KFin Technologies Limited.
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Published: 13 Dec 2023, 09:45 PM IST
