On December 13, the public issue’s anchor book will open for business, and on December 18, the offer will end.
Inox India, a maker of cryogenic equipment, has chosen to begin its initial public offering on December 14. Next week, after Doms Industries and India Shelter Finance Corporation, this would be the third initial public offering (IPO) available for subscription.
On December 13, the public issue’s anchor book will open for business, and on December 18, the offer will end.On December 11, the offer’s price range will be revealed.
InoxCVA’s first public offering consisted solely of an offer by current shareholders, including promoters, to sell 2.21 crore shares.
Selling stockholders in the OFS include Siddharth Jain, Pavan Kumar Jain, Nayanatara Jain, Ishita Jain, and Manju Jain.
Therefore, all funds from the issue—aside from IPO costs—will go onto selling stockholders, and the firm will not get any revenue from the sale.
The Gujarat-based company, which serves a variety of industries including energy, steel, LNG, industrial gases, and green hydrogen, will finalize the IPO share allotment basis by December 19 and credit the equity shares to the demat accounts of the successful investors by December 20.
With effect from December 21, equity share trading will start on the BSE and NSE. The issue’s merchant bankers are Axis Capital and CICI Securities.
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