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Inox India's Rs.1,460-Cr IPO booked 61x on the last day

Business Today  

Gujarat-based Inox India's INR 1,460 crore public issuance was subscribed nearly 61 times on the concluding day. The firm had set the price band of INR 627- 660 apiece. The institutional portion was subscribed nearly 148 times. The retail portion was subscribed 15 times, while the wealthy investor portion was subscribed 53.2 times. Founded in 1976, Inox India is a provider in the supply of cryogenic equipment, with a primary focus on tanks. The company delivers comprehensive solutions for equipment and systems designed to operate in cryogenic conditions, encompassing services such as design, engineering, manufacturing, and installation. ICICI Securities and Axis Capital are the book running lead managers for the IPO.