Inox India GMP: Ahead of the stock listing, Inox India was commanding a grey market premium (GMP) of Rs 530, up 88 per cent over the issue price of Rs 660.
The IPO of Inox India was subscribed 61 times at close, driven by strong interest from qualified institutional buyers. The category reserved for retail investors was subscribed 14.82 times, while the NII portion garnered bids of 52.97 times. The category reserved for the QIBs was subscribed by a massive 147.8 times.
However, it is important to note that grey market premiums are just an indicator as to how the company s shares are stacked up in the unlisted market and are subject to change rapidly.