India Business News: The listing of INOX India faced challenges due to an unforeseen market downturn, falling short of Dalal Street's projections. Despite significant subs
The IPO of Inox India was subscribed 61 times at close, driven by strong interest from qualified institutional buyers. The category reserved for retail investors was subscribed 14.82 times, while the NII portion garnered bids of 52.97 times. The category reserved for the QIBs was subscribed by a massive 147.8 times.
However, it is important to note that grey market premiums are just an indicator as to how the company s shares are stacked up in the unlisted market and are subject to change rapidly.