GECs
Inox IPO oversubscribed; to be listed on 23 February
MUMBAI: Inox Leisure Ltd is all set to list on the BSE and NSE on 23 February after its intial public offer (IPO) got oversubscribed by 49.06 times.
The issue was open for subscription on 27 January and closed on 2 February. Inox had fixed the price band between Rs 100 and Rs 120.
The qualified institutional buyers portion was subscribed by 59.19 times. While the retail sement was subscribed by 17.75 times, HNIs portion received 92.31 times response.
The proceeds of the issue will be utilised to set up new multiplexes on a capital outlay of Rs 1.11 billion. The rest of the proceeds will be for general corporate and issue expenses.
The sole Book-Running Lead Manager to the issue is Enam Financial Consultants Private Limited.
