Inox India, a cryogenic tanks manufacturer, is set to make its stock market debut on Thursday, December 21, following the closure of its oversubscribed initial public offering (IPO) on Monday.
The IPO received overwhelming demand, with bids reaching 94,84,24,268 shares against the 1,54,77,670 shares offered, resulting in an oversubscription of 61.28 times. The National Stock Exchange (NSE) reported substantial interest, particularly from institutional buyers.
The allocation process for Inox India’s IPO will be handled by Kfin Technologies Ltd., the registrar for the offering. Investors can check their share allotment status through the basis of allotment in the IPO. Refunds will be initiated for those whose allotments were not approved, while shareholders with successful allotments will see their shares deposited into their demat accounts.
To check the IPO allotment status, investors can use the following methods:
**BSE Website:**
1. Log in to the official BSE website.
2. Select ‘Equity’ under ‘Issue type.’
3. Choose Inox India IPO from the drop-down list under ‘Issue Name.’
4. Enter the PAN or application number and click ‘Submit’ to view the allocation status.
**NSE Website:**
1. Sign up on the NSE website using the PAN.
2. Log in with a username, password, and captcha code.
3. Access the IPO allotment status on the subsequent page.
**Kfin Technologies Portal:**
1. Go to the Kfin Technologies portal.
2. In the ‘Select IPO’ section, choose Inox India.
3. Select the preferred method (application number, demat account, or PAN) and enter the necessary details along with the captcha code.
4. Click ‘Submit.’
These methods allow investors to conveniently check the status of their Inox India IPO allotment and stay informed about the outcome of their applications.
