INOX India IPO
Industrial Gases / Cryogenic Equipment - Listed on 21 December 2023
INOX India IPO listing summary
INOX India (Industrial Gases / Cryogenic Equipment) closed its IPO window in 2023 and listed on NSE and BSE on 21 December 2023 at an upper band issue price of Rs 660, opening at Rs 949.65 for a listing gain of +43.9% and closing day one at Rs 939.95 (+42.4% on closing basis). The IPO was subscribed 60.99x overall - QIB 147.80x, HNI/NII 52.97x, Retail 14.82x. The total issue size was Rs 1,459.32 Cr (Fresh Issue Rs 0 Cr, OFS Rs 1459.32 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
INOX India IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 250 | +37.88% |
| Day 2 | Rs 300 | +45.45% |
| Day 3 | Rs 425 | +64.39% |
| Day 4 | Rs 450 | +68.18% |
| Day 5 | Rs 530 | +80.30% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Issue & financials
Market context at listing
How the broader market moved around the INOX India IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
INOX India IPO - FAQs
What was the listing gain of INOX India IPO?
INOX India IPO listed at +43.9% versus the upper issue price of Rs 660 on 21 December 2023.
How many times was INOX India IPO subscribed?
INOX India IPO was subscribed 60.99x overall. QIB portion was subscribed 147.80x, HNI / NII 52.97x and Retail 14.82x.
What was the IPO GMP for INOX India?
IPO GMP started at Rs 250 on Day 1 and moved to Rs 530 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.