NEW DELHI: Shares of cryogenic tank maker INOX India Ltd on Thursday listed with a premium of nearly 44 per cent towards the difficulty value of Rs 660. The inventory made its debut at Rs 933.15, up 41.38 per cent from the difficulty value on the BSE. Later, it jumped 48.31 per cent to Rs 978.90.
At the NSE, the inventory listed at Rs 949.65, rallying 43.88 per cent.
The firm’s market valuation was Rs 8,522.24 crore in the course of the morning commerce.
The Rs 1,459.32-crore preliminary share sale of INOX India Ltd bought subscribed 61.28 instances on the final day of bidding on Monday, with big participation coming in from institutional consumers.
The preliminary public provide of as much as 22,110,955 fairness shares had a value vary of Rs 627-660 a share.
Since the difficulty was utterly an Offer for Sale (OFS), the Vadodara-based firm won’t obtain any proceeds and all of the funds will go to the promoting shareholders.
INOX India, one of many main cryogenic tank producers, has over 30 years of expertise providing options throughout the design, engineering, manufacturing, and set up of kit and techniques for cryogenic circumstances.
At the NSE, the inventory listed at Rs 949.65, rallying 43.88 per cent.
The firm’s market valuation was Rs 8,522.24 crore in the course of the morning commerce.
The Rs 1,459.32-crore preliminary share sale of INOX India Ltd bought subscribed 61.28 instances on the final day of bidding on Monday, with big participation coming in from institutional consumers.
The preliminary public provide of as much as 22,110,955 fairness shares had a value vary of Rs 627-660 a share.
Since the difficulty was utterly an Offer for Sale (OFS), the Vadodara-based firm won’t obtain any proceeds and all of the funds will go to the promoting shareholders.
INOX India, one of many main cryogenic tank producers, has over 30 years of expertise providing options throughout the design, engineering, manufacturing, and set up of kit and techniques for cryogenic circumstances.
