INOX India IPO: GMP soars on strong subscription status. Should you apply as bidding ends today?

livemint.com:

INOX India IPO: The initial public offering (IPO) of INOX India Limited opened for subscription on 14th December 2023 and it will remain open till 18th December 2023. This means, investors have just one day in hand to apply for the IPO as bidding for the public issue will end today evening. The cryogenic equipment maker and supplier company has fixed INOX India IPO price band at ₹627 to ₹660 per equity share.

As per the INOX India IPO subscription status, after two days of bidding, the public issue has been subscribed 7.14 times. Meanwhile, after two days of strong INOX India IPO subscription, grey market has gone further bullish on the public issue. According to stock market observers, shares of the company are available at a premium of 560 per equity share, which is ₹230 higher from its GMP of ₹330 on its subscription opening date.

So, after two days of subscription and weekend, INOX India IPO GMP has surged from ₹330 to ₹560. Also Read: Muthoot Microfin IPO opens today. GMP, price, other details.

Buy or not? Here we list out important INOX India IPO details: 1] INOX India IPO GMP: Shares of the company are available at a premium of ₹560 in grey market today, say market observers. 2] INOX India IPO price: The company has fixed INOX India IPO price band at ₹627 to ₹660 per equity share. 3] INOX India IPO date: The public offer opened 14th December 2023 and it will remain open till 18th December 2023.

This means, bidding for this public issue is going to end today evening. Also Read: Motisons Jewellers IPO opens today. GMP, price, other details.