Major action will be seen in the SME segment, though the fundraising amount will be very less compared to mainboard segment. Four public issues worth Rs 119 crore will be opening for subscription next week.
The issue is completely an offer for sale (OFS) of 2.21 crore shares with a face value of Rs 2 each. There is no fresh issue segment in the IPO. Under the OFS, Siddharth Jain, Pavan Kumar Jain, Nayantara Jain, Ishita Jain, Manju Jain, Lata Rungta, among others, will offload shares.
The offer is reserved for eligible institutional buyers to the tune of 50 per cent, retail investors to the tune of 35 per cent and non-institutional investors to the tune of 15 per cent, , Inox India, ipo, initial public offering