Edelweiss Financial Services served as BRLM to INOX in its Qualified Institutions Placement

Edelweiss Financial Services has successfully closed INR 3,000mn (c.US$ 40mn) Qualified Institutions Placement (QIP) for INOX. INOX Leisure Limited is amongst India’s largest multiplex chains with 156 multiplexes and 658 screens in 70 cities, as of October 2021. It is part of the INOX Group of companies.
Edelweiss, as the left lead banker to the deal, hand-held the management with end-to-end execution, swift regulatory approvals, and timely launch. The QIP received an overwhelming response from marquee Foreign Institutional Investors (FIIs), and Mutual Funds (MFs). The deal was launched in 3 weeks from kick off and the book was oversubscribed multiple times and was allocated c.73% to DIIs & c.27% to FIIs.