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Inox India is about to release its IPO on December 14, 2023. The issue is closing on December 18, 2023, and is currently having an active grey market. The Inox India IPO GMP is running at a stable rate as per the current situation.

In IPO, the GMP or the Grey Market Premium is the premium amount at which the IPO shares are traded before getting listed in the stock market.

However, the QIB and the HNI numbers are the key indicators of GMP in the case of the Inox India IPO. The company is intended to raise Rs 1,459.32 Cr. by the released issue.

Inox India IPO GMP Rates, Kotak rates & SS

This particular table represents everything related to the IPO event from its opening and closing date along with the face value of the issue.

You can check this table to know the IPO size, price band listing details, and more.

Date GMP (in INR) Kostak (in INR) Subject to Sauda (in INR)
 20 Dec 2023 Rs 550 Rs 500 Rs 9000
 19 Dec 2023 Rs 550 Rs 500 Rs 9000
 18 Dec 2023 Rs 550 Rs 500 Rs 9000
 17 Dec 2023 Rs 520 Rs 500 Rs 8500
 14 Dec 2023 Rs 440 Rs 500 Rs 7500
 13 Dec 2023 Rs 330 Rs 500 Rs 5500
 12 Dec 2023 Rs 120 NA Rs 4500
 11 Dec 2023 Rs 120 NA NA
10 Dec 2023 NA NA NA

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    Inox India IPO Date / Timetable

    Here, you will find the important dates and events of this IPO. Check the allotment status, visit us again once the subscription date is over.

    IPO Open Date December 14, 2023
    IPO Close Date December 18, 2023
    Basis of Allotment Date December 19, 2023
    Initiation of Refunds December 20, 2023
    Credit of Shares to Demat Account December 20, 2023
    IPO Listing Date December 21, 2023

    Inox India IPO – Financial Performance

    The below-given table will give you an overall idea of the company’s financial performance. Check their net profit and loss statement about Inox India IPO.

    Amount (in INR & Million)
    30-Sep-23 30-Sep-22 Mar-23 31-Mar-22 31-Mar-21
    Total Assets 11,558.07 10,018.28 11,483.64 8,967.53 6,872.00
    *Total Revenue 5,799.95 4,946.35 9,841.99 8,037.13 6,089.92
    Total Expense 4,438.23 3,825.95 7,791.50 6,295.06 4,779.27
    Profit After Tax 1,033.37 834.20 1,527.14 1,304.98 961.07

    Earnings per Equity Share (in Million)

    30-Sep-23 30-Sep-22 Mar-23 31-Mar-22 31-Mar-21
    Basic & Diluted 11.39 9.19 16.83 14.38 10.59

    Inox India IPOFAQs Related to Inox India IPO GMP

    Check out FAQs on Inox India IPO Grey Market Premium here –

    What is the current Inox India IPO GMP Price?

    As of today, the Inox India IPO GMP is Rs. 550.

    What is the current Inox India IPO Kostak Rate?

    The Kostak rate is Rs 500 for the Inox India IPO.

    What is today’s Inox India IPO Subject to Sauda Rate?

    As of today, the Inox India IPO Subject to Sauda is Rs 9000.

    Where to Check Inox India IPO Allotment & Listing?

    However, if you don’t want to miss out on the issue’s allotment status and the listing, you can refer to this LINK given here: IPO Allotment Status

    What is Kostak’s Price?

    To apply for an IPO, there is an application price or application charges that come along and is known as the Kostak price. It is actually the premium amount at which IPO applications are being traded in the grey market.

    Is GREY market buying or selling shares illegal?

    Grey Market is basically trading that takes place before the stock of a company gets enlisted on the stock exchange.

    It takes place before the IPO release and the prices may change at any time. Hence, it is unofficial trading and hence, not “illegal”.


    The Inox India IPO GMP which is mentioned in the table here is only valid for a specific date as mentioned in the header section. The Kostak is the premium that one gets by selling her/his IPO application to someone else before listing the issue. They can sell it in an off-market transaction. However, we aren’t buying/selling IPO forms on the IPO Grey market.

    It is also requested that please do not subscribe for an IPO by just seeing the premium price. The reason being, the premium price varies and can change anytime before listing. Please subscribe only after considering the fundamentals of the companies.

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