Inox India Share Price Live Updates: Inox India IPO listing today; GMP, experts predict strong debut of shares

livemint.com:

₹627 to ₹660 per equity share of the face value of ₹2. The floor price was 313.5 times the face value of the equity shares, and the cap price was 330 times the face value of the equity shares. The price-to-earnings ratio based on diluted EPS for the financial year 2023 for the company at the cap price is 39.22 times, and the floor price was 37.25 times.

The INOX India IPO lot size was 22 equity shares and in multiples of 22 equity shares thereafter.Expecting 80% listing gain for allottees, Parth Shah, Research Analyst at StoxBox said, "After receiving a strong 61x oversubscription, Inox India Ltd IPO is all set to list on the bourses on Thursday. Looking at the subscription status, we expect the stock to list at a premium of around 80% over its issue price of Rs. 660 per share.

Such strong listing can be attributed to Inox India’s consistent performance and growth over the years particularly seen in the revenue and EBITDA growth over the past three years."The grey market premium (GMP) of INOX India IPO has gone down in the unlisted stock market. According to market observers, INOX India IPO GMP today is ₹525, which is ₹30 lower from its yesterday's GMP of ₹555. This indicates that Inox India shares are trading at a premium of ₹555 in the grey market.This means, grey market is expecting that INOX India IPO listing price would be around ₹1,185 per share levels, which is around 80% higher from INOX India IPO price band of ₹627 to ₹660 per equity share.According to stock market experts, INOX India IPO received strong response by investors despite its valuations were fully priced.