INOX India (INOX CVA) Limited is gearing up to unveil its IPO, scheduled to be active from December 14th to December 18th, 2023. Renowned as the largest cryogenic equipment supplier in the country, the company is set to offer 22,110,955 shares worth Rs. 1,459.32 crore through an Offer-for-Sale (OFS). The share allotment date is confirmed for December 19th, with the IPO slated for listing on December 21st across various stock exchanges. Investors can participate in this offering within a price band ranging from Rs. 627 to Rs. 660 per share, with a lot size set at 22 shares.
Overseeing this IPO are ICICI Securities Limited and Axis Capital Limited, serving as the book-running lead managers, while KFin Technologies Limited operates as the registrar, managing the logistical aspects of the process.
Established in 1976, Inox India Limited holds the position of the largest cryogenic equipment supplier in the nation. Specializing in designing, engineering, manufacturing, and installing cryogenic systems, it offers solutions across three main divisions: Industrial Gas, LNG, and Cryo Scientific.
The company delivers a range of standard cryogenic equipment, bespoke technology, and turnkey projects, catering to diverse industries like industrial gases, LNG, green hydrogen, steel, healthcare, aviation, and more. Notably, it's the first Indian company to create a trailer-mounted hydrogen transport tank in collaboration with ISRO. With over 254 global clients, it stands as the largest exporter of cryogenic tanks from India by revenue as of FY23.
Inox India's clientele includes prominent names like Air Liquide Global E&C Solutions India Private Limited, Hyundai Engineering and Construction Co Ltd, Shell Energy India Private Limited, ISRO, and others, showcasing its reach across various sectors.
Inox India Limited is gearing up for its IPO scheduled to be available for subscription from December 14th to December 18th, 2023. Allocation of shares is set for December 19th, 2023, with the IPO slated for listing on the stock exchanges on December 21st.
| IPO Open Date | 14th December 2023 (Thursday) |
| IPO Close Date | 18th December 2023 (Monday) |
| Allotment Date | 19th December 2023 (Tuesday) |
| Initiation of Refunds | 20th December 2023 (Wednesday) |
| Credit to Demat Account | 20th December 2023 (Wednesday) |
| Listing Date | 21st December 2023 (Thursday) |
| Deadline for UPI mandate confirmation | 5 PM on 18th December 2023 (Monday) |
| IPO Date | 14th to 18th December 2023 |
| Listing Date | 21st December 2023 |
| Face Value | Rs. 2 per share |
| Price Band | Rs. 627 to Rs. 660 per share |
| Lot Size | 22 Shares |
| Total Issue Size | 22,110,955 shares (aggregating up to Rs. 1,459.32 Cr) |
| Offer for Sale | 22,110,955 shares of Rs. 2 (aggregating up to Rs. 1,459.32 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE and BSE |
| Share holding pre issue | 90,763,500 |
Inox India Limited witnessed a commendable growth in its financial performance between the financial years ending March 31, 2023, and March 31, 2022. The company's revenue surged impressively by 22.46%, showcasing a substantial increase within a year. Additionally, the profit after tax (PAT) demonstrated a notable rise of 17.02% during the same period, indicating an enhanced profitability trend for the company. This upward trajectory in both revenue and profit reflects Inox India's strategic advancements and operational effectiveness during this period.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,155.81 | 1,148.36 | 896.75 | 687.20 |
| Revenue | 580.00 | 984.20 | 803.71 | 608.99 |
| Profit After Tax | 103.34 | 152.71 | 130.50 | 96.11 |
| Net Worth | 554.24 | 549.48 | 502.28 | 371.51 |
| Reserves and Surplus | ||||
| Total Borrowing | 31.03 | 43.38 | 60.37 | |
| Amount in Rs. Crore | ||||
What is Inox India IPO?
The Inox CVA IPO comprises a main-board offering of 22,110,955 equity shares with a face value of Rs. 2, totaling Rs. 1,459.32 Crores. Priced between Rs. 627 to Rs. 660 per share, the minimum order quantity for this IPO is 22 shares. Investors can participate in this offering from December 14 to December 18, 2023.
When Inox India IPO will open for apply?
The Inox India IPO is scheduled to open for application on December 14, 2023.
What are the minimum lot size and investment needed for participating in the Inox India IPO?
The Inox India IPO mandates a minimum lot size of 22 shares, necessitating an investment totaling Rs. 13,794.
When is Inox India IPO allotment date?
The allotment date for the Inox India IPO is expected to be finalized on Tuesday, December 19, 2023.
What is the Inox India IPO listing date?
The Inox India IPO is anticipated to be listed on the NSE and BSE platform with a tentative listing date set for Thursday, December 21, 2023.
What is the price band of Inox India IPO?
The price band for the Inox India IPO is set between Rs. 627 to Rs. 660 per share.
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