The largest supplier of cryogenic equipment company Inox India IPO will be hit the market 14 December 2023 and closes on 18 December 2023. The Company has filed the RHP of this IPO. According to RHP, the company wants to raise ₹1459.32 crore through IPO. The company will issue fresh shares offer for sale of ₹1459.32 crores.
The company has reserved 50% for QIB, 10% for NII and 35% for Retail Investor in this IPO.
Inox India Limited is the largest supplier of cryogenic equipment in India. The company offers solutions across design, engineering, manufacturing, and installation of equipment and systems for cryogenic conditions, including standard cryogenic tanks and equipment, beverage kegs, bespoke technology, equipment, and solutions as well as large turnkey projects which are used in diverse industries such as industrial gases, liquified natural gas (“LNG”), green hydrogen, energy, steel, medical and healthcare, chemicals and fertilizers, aviation and aerospace, pharmaceuticals and construction.
The company manufactures a range of cryogenic equipment utilized in global scientific research projects. The company also were the largest exporter of cryogenic tanks from India in terms of revenue in Fiscal 2023. You can check Inox India IPO GMP here.
The company business comprises three divisions:
- Industrial Gas: This division manufactures, supplies, and installs cryogenic tanks and systems for storage, transportation, and distribution of industrial gases such as green hydrogen, oxygen, nitrogen, argon, carbon dioxide (CO2), and hydrogen and provides after-sales services.
- LNG: This division manufactures, supplies, and installs standard and engineered equipment for LNG storage, distribution, and transportation as well as small-scale LNG infrastructure solutions suitable for industrial, marine, and automotive applications.
- Cryo Scientific: This division provides equipment for technology-intensive applications and turnkey solutions for scientific and industrial research involving cryogenic distribution.
| Read also: Upcoming IPO List 2023 |
Inox India Limited first Indian company to manufacture a trailer-mounted hydrogen transport tank, which was designed jointly with the Indian Space Research Organisation (“ISRO”). (Source: CRISIL Report, November 2023). The company produced and shipped a 238kl liquid hydrogen storage tank for a liquid hydrogen plant in South Korea. The company also has recently produced and shipped four 311kl liquid hydrogen storage tanks for another customer in South Korea for the construction of three liquid hydrogen plants. You can check the Inox India IPO subscription status here.
Object Of the Issue :
- The company will not directly receive any proceeds from the Offer.
Company Strengths :
- Leading Indian supplier and exporter of cryogenic equipment and solutions.
- Large portfolio of specialized cryogenic equipment engineered to global quality standards.
- Diversified domestic and international customer base across industry sectors.
- Strong product development and engineering focus.
- Healthy financial performance to support growth.
- Experienced Promoters, Management Team, and Skilled Workforce.
Inox India IPO Review :
| Details | Valuation |
| PAT 2023 : Issue Price : EPS 2023 : PE Ratio : ROE : RoNW : ROCE : Debt/Equity : NAV Value : Total Assets : Market Cap : Pre Holding : Post Holding : | ₹152.71 Cr ₹690 /EQ 16.83 40.99x 27.79 % 27.79 % 36.53 % 0.50 ₹60.54 ₹1148.36 Cr ₹5990.40 Cr 99.30 % 75.46 % |
| Team Review : | ✔ Apply For Listing Gain & Long Term |
Inox India IPO Date & Price Band & Details :
| Issue Type : | Book Built Issue |
| IPO Open : | 14 December 2023 |
| IPO Close : | 18 December 2023 |
| Face Value : | ₹2 Equity Share |
| Price Band : | ₹627 – ₹660 Per Share |
| Listing On : | BSE, NSE |
| Issue Size : | ₹1459.32. Cr {22,110,955 Shares} |
| Offer For Sale : | ₹1459.32. Cr {22,110,955 Shares} |
Inox India IPO Market Lot :
Inox India IPO Minimum Market lot is 1 Lot with 22 shares with ₹14,520 Application amount. The Retail investors can apply up to 13 lots with 286 Shares or ₹188,760 amounts.
| Application | Lot | Shares | Amount |
| Retail Minimum : | 1 | 22 | ₹14,520 |
| Retail Maximum : | 13 | 286 | ₹188,760 |
| S-HNI Minimum : | 14 | 308 | ₹203,280 |
| S-HNI Maximum : | 68 | 1496 | ₹987,360 |
| B- HNI Minimum : | 69 | 1518 | ₹1,001,880 |
Inox India IPO Reservation :
Inox India IPO Total Reservation of 22,110,955 shares are to be bid for the public issue by Inox India IPO with 11,055,478 for QIB and 3,316,643 for NII 7,738,834 For RII.
| Category | Reservation | Shares | Amount Cr |
| QIB : | 50% | 11,055,478 | ₹762.83 |
| NII : | 15% | 3,316,643 | ₹228.85 |
| RII : | 35% | 7,738,834 | ₹533.98 |
| Total : | 100% | 22,110,955 | ₹1459.32 |
Inox India IPO EPS & RoNW :
The Inox India company’s EPS & RoNW growth increased last financial year, which is shown to you in the table here.
| Year | EPS (Rs.) | RoNW % | NAV |
| 2023 | ₹16.83 | 27.79% | ₹60.54 |
| 2022 | ₹14.38 | 25.98% | ₹55.34 |
| 2021 | ₹10.59 | 25.87% | ₹40.93 |
Inox India IPO Peer Comparison PE :
The Inox India, According to RHP of the company there are no listed companies in India that engage in a business
| Sr. No. | Company | PE Ratio |
| 1. | No listed company In India | — |
Inox India IPO Dates :
Inox India’s IPO Date is 14 December 2023 and closes on 18 December 2023. The allotment will be finalized on 19 December 2023 and the IPO may list on 21 December 2023.
| Anchor Date : | 13 December 2023 |
| Open Date : | 14 December 2023 |
| Close Date : | 18 December 2023 |
| Allotment Date : | 19 December 2023 |
| Refund Date : | 20 December 2023 |
| Share Credit Date : | 20 December 2023 |
| Listing Date : | 21 December 2023 |
Inox India IPO Form :
There are two ways to apply for an Inox India IPO. You can apply for Inox India IPO through ASBA available in your bank account. You have to go to your online bank login select Inox India IPO in the Invest section and apply through your bank account. Another option is you apply for Inox India IPO through an IPO form downloaded through NSE and BSE. Visit the IPO Form Page and download the NSE Form and BSE Form IPO Form, fill it out, and submit it to your bank or your broker.
Inox India Company Financial Report (Crore) :
| Year | Revenue | Expense | PAT |
| 2023 | ₹984.20 | ₹779.15 | ₹152.71 |
| 2022 | ₹803.71 | ₹629.51 | ₹130.50 |
| 2021 | ₹608.99 | ₹477.93 | ₹96.11 |
Company Promoters :
■ Pavan Kumar Jain
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
■ Anchor Investor
Inox India IPO Lead Managers :
■ Axis Capital Limited
■ ICICI Securities Limited
Inox India IPO Registrar :
KFin Technologies Limited
Selenium, Tower-B, Plot 31 & 32, Financial District
Nanakramguda, Serilingampally
Hyderabad, Rangareddi 500 032
Telangana, India
Tel: +91 40 6716 2222 / 1800 309 4001
E-mail: [email protected]
Investor grievance e-mail: [email protected]
Website: www.kfintech.com
Note: Check Inox India IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here
Company Address :
INOX India Limited
9th Floor, K P Platina
Racecourse, Vadodara- 390 007
Gujarat, India
Telephone: +91 265 6160145
E-mail: [email protected]
Website: www.inoxcva.com
Inox India IPO FAQs :
What is Inox India IPO?
Inox India IPO is a Mainboard IPO. They are going to raise ₹1459.32 Crores via IPO. The issue is priced at ₹627-₹660 per equity share. The IPO is to be listed on NSE, and BSE.
When Inox India IPO will open?
The IPO is to open on 14 Dec – 18 Dec for QIB, NII & RII.
What is Inox India’s IPO Size?
Inox India’s IPO size is ₹1459.32 Crores.
What is the Offer For Sale size of Inox India IPO?
The Offer For Sale size of Inox India IPO ₹1459.32 Cr.
What is the Inox India IPO Price Band?
Inox India’s IPO Price Band is ₹627-₹690 Per share.
What is Inox India IPO Minimum and Maximum Lot Size?
The minimum 22 Shares with ₹14,520 amount while the maximum 286 shares with ₹188,760.
What is Inox India IPO Investors Portion?
The investors’ portion for QIB is 50%, NII 15%, RII 35%.
What is the Inox India IPO Allotment Date?
Inox India’s IPO allotment date will be 19 December 2023.
What is the Inox India IPO Listing Date?
Inox India’s IPO listing date will be 21 December 2023. The IPO to list on NSE, BSE.
How to Apply the Inox India IPO through Zerodha?
Log in to the Console on the Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Inox India IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Inox India IPO through Upstox?
Log in to the Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “Inox India IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Inox India IPO through Groww?
Log in to the Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “Inox India IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Inox India IPO through Paytm Money?
Log in to the Paytm Money Website or app. Now you can see Invest in IPOs Section and Click on IPO. You will see the IPO Name “Inox India IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
| Inox India IPO GMP: Click Here Inox India IPO Subscription: Click Here Inox India IPO Allotment: Click Here Inox India IPO Listing: Click Here Inox India IPO Web Story: Click Here |
All Inox India IPO-related links are available here. If you want to know the details then click on the Click Here Link.
Disclaimer: STOCK MARKET INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME-RELATED DOCUMENTS CAREFULLY BEFORE INVESTING.