Inox Leisure approves issue price for over 96 lakh equity shares to QIBs at Rs310 per share

The multiplex chain owner closes the QIP issue with a floor price of Rs315.25 per equity share.

Jun 14, 2021 01:06 IST India Infoline News Service

Inox Leisure
Inox Leisure Limited approved the closure of the QIP today on June 11, 2021, and approved the issue price for 96,77,419 Equity Shares to be allotted to eligible qualified institutional (QIB) buyers at Rs310 per equity share (including a premium of Rs300 per equity share) (which is at a discount of 1.67% i.e. Rs5.25 per equity share to the floor price of Rs315.25 per equity share.

The Qualified institution's placement (QIP) issue of equity shares of face value of Rs10 each was opened on June 8, 2021, reportedly to raise upto Rs300cr from the share sale, as per filing.

At around 1.16 PM, Inox Leisure Ltd was trading at Rs323.55 per piece down Rs3.05 or 0.93% from its previous closing of Rs326.60 per piece on the BSE.

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