INOX India Limited
Promoters PAVAN KUMAR JAIN · NAYANTARA JAIN · SIDDHARTH JAIN · ISHITA JAIN
Against an issue price of ₹660. Split- and bonus-adjusted official closes — a past move, never a forecast.
INOX India Limited raised ₹1,500 crore through a mainboard initial public offer.
The filing places it in Industrial Manufacturing and names four promoters: PAVAN KUMAR JAIN, NAYANTARA JAIN, SIDDHARTH JAIN and ISHITA JAIN.
The book was open from 14 December 2023 to 18 December 2023.
The issue was priced at ₹660 a share, from a band of ₹627 to ₹660.
The whole offer is an offer for sale — ₹1,459 crore paid to existing shareholders selling down, not to the company.
The issuer reported the offer subscribed 61.0 times the shares on offer. That is its own final figure, filed with the exchange after the book closed — not a reading we took while bidding was open.
The shares listed on 21 December 2023.
The last official close on file is ₹2,168 (1 October 2026), which is 228.5% above the issue price.
It now trades as INOXINDIA, and its filed financials are on its company page.
Shares sold in the issue at ₹660 last closed at ₹2,168.3.
See INOXINDIA’s filed financials and price history →Official exchange closes, restated for splits, bonuses and rights issues since listing. A record of past price movement, not a forecast.
No fresh issue — every share in this offer is being sold by existing shareholders, so the company itself raises nothing.
- How it was priced
- Book-built — the price was discovered inside a band from the bids received
- Listing sought at
- BSE And NSE
- Designated exchange
- BSE
- Discount
- None offered
- Registered office
- Western India
- Company website
- https://www.inoxcva.com/
- Registrar
- KFintech Private Limited
- Lead managers
- ICICI Securities Limited
- Axis Capital Limited
- Bidding opens14 Dec 2023
- Bidding closes18 Dec 2023
- Basis of allotmentnot published
Not published in the exchange feeds we ingest — we do not estimate it.
- Listing21 Dec 2023
This is the issuer’s own final figure, filed with the exchange once bidding had closed — not a reading we took while the book was open. The exchange publishes only a running cumulative figure and no history, so for an issue nobody polled live this filing is the only account of the book that exists. It covers the whole offer and carries no breakdown by category and no timestamp.
- Anchor investors30.0%66,33,285 sh
- Qualified institutional buyers20.0%44,22,191 sh
- Non-institutional investors15.0%33,16,644 sh
- Retail individual investors35.0%77,38,835 sh
No part of the offer was set aside for market maker, reserved portion or other.
The portion of the offer set aside for each category before bidding opened, as the issuer filed it. The anchor allocation is filed as its own line rather than inside the institutional one, so these add up to the whole offer. Shares as filed; the percentages are computed against the offer's own share count.
We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.
We have not extracted an anchor allotment list for this issue.
- All other pre-issue capitalSEBI ICDR 2018 Reg. 17 — all other pre-issue capital, 6 months from allotment21 Jun 2024already free
- Promoters' minimum contributionSEBI ICDR 2018 Reg. 16(1)(a) — promoters' minimum contribution, 18 months from allotment21 Jun 2025already free
Computed from the SEBI ICDR 2018 lock-in rules, not disclosed by the issuer or the exchange. The regulation counts from the date of allotment, which no feed we ingest publishes, so these are counted from the listing date and fall at most two to three business days later than the true expiry.
Every offer document must set out the reasoning behind its own price: what the company earned in the years before it came to market, and what multiple of those earnings it is asking for. This is that chapter — the issuer’s argument for its price, not our assessment of it.
| Year | Basic | Diluted | Weight |
|---|---|---|---|
| FY2021 | ₹10.59 | ₹10.59 | 1 |
| FY2022 | ₹14.38 | ₹14.38 | 2 |
| FY2023 | ₹16.83 | ₹16.83 | 3 |
Weighted-average return on net worth over the same years: 26.86%.
Figures as printed in the offer document's "Basis for Offer Price" chapter. A record of the case the issuer made for its own price, not our valuation of it.
Everything we extracted from this issue's offer document is the pricing justification rather than the restated statements — it is shown under how the offer was priced. The restated financial statements themselves have not been extracted for this issue.
We have not extracted this section from the offer document for this issue yet. It is read from the abridged prospectus, and several offer documents are served as .zip archives or as scanned pages with no text layer.
The peer table is printed in the offer document's "Basis for Offer Price" chapter; we have not extracted it for this issue yet.
| Firm | Issues | Typical listing move | Below issue @30d | @90d | @180d |
|---|---|---|---|---|---|
Axis Capital Limited 2021 – 2026 | 86 19 measurable | +13.0% | 5 of 15 | 1 of 5 | 2 of 8 |
ICICI Securities Limited 2021 – 2026 | 87 13 measurable | +16.6% | 5 of 11 | 2 of 5 | 1 of 7 |
| Firm | Issues | Typical listing move | Below issue @30d | @90d | @180d |
|---|---|---|---|---|---|
KFintech Private Limited 2023 – 2026 | 67 2 measurable | +35.7% | 2 of 5 | 3 of 5 | 1 of 1 |
A count of what happened to the other issues each firm was named on, computed from exchange closes. Not a rating, not a ranking, and not a view on the firm.
- Prospectus· PDF · exchange archive20 Dec 2023
- Draft red herring prospectus (DRHP)· PDF · exchange archive29 Aug 2023
- In-principle approval (XBRL)· XML · exchange archive
- Listing filing (XBRL)· XML · exchange archive
Filed with SEBI and the exchanges by the issuer. These are the source for every figure on this page.
Compiled from NSE and SEBI offer documents and exchange feeds. A description of the issue and of the bids received — not investment advice, and not a view on whether to apply. No grey-market premium, no allotment lookup and no listing-gain estimate is published here.