INOX India IPO Price: ₹627 - ₹660
IPO Date Range: Dec 14, 2023 - Dec 18, 2023
Established in December 1976, Inox India Limited specializes in supplying cryogenic equipment. Offering comprehensive solutions for equipment and systems functioning in cryogenic environments, the company covers design, engineering, manufacturing, and installation services.
The company offers an extensive array of products and services, encompassing cryogenic tanks and equipment, beverage kegs, customized technology solutions, and comprehensive turnkey projects. These offerings cater to diverse industries including industrial gases, liquefied natural gas (LNG), green hydrogen, energy, steel, medical and healthcare, chemicals and fertilizers, aviation and aerospace, pharmaceuticals, and construction.
Inox India operates three manufacturing facilities situated in key locations: Kalol in Gujarat, the Kandla Special Economic Zone ("Kandla SEZ") in Gujarat, and Silvassa in the Union Territory of Dadra and Nagar Haveli. Their equipment and systems have catered to more than 1,201 domestic customers and over 228 international clients across these three divisions.
Moreover, the company has forged a robust international customer network, presently exporting products and delivering services to 66 countries worldwide.
The company prides itself as a leading Indian supplier and exporter of cryogenic equipment and solutions, offering:
| IPO Date | December 14, 2023 to December 18, 2023 |
| Listing Date | Thursday, December 21, 2023 |
| Face Value | ₹2 per share |
| Price Band | ₹627 to ₹660 per share |
| Lot Size | 22 shares |
| Total Issue Size | 22,110,955 shares (aggregating up to ₹1,459.32 Cr) |
| Offer For Sale | 22,110,955 shares (aggregating up to ₹1,459.32 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 90,763,500 |
Investors have the option to bid for a minimum of 22 shares, and they can increase their bids in multiples of this amount. The table below outlines the minimum and maximum investment thresholds for both retail investors and high-net-worth individuals (HNIs) in terms of shares and corresponding amounts.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 22 | ₹14,520 |
| Retail (Max) | 13 | 286 | ₹188,760 |
| S-HNI (Min) | 14 | 308 | ₹203,280 |
| S-HNI (Max) | 68 | 1,496 | ₹987,360 |
| B-HNI (Min) | 69 | 1,518 | ₹1,001,880 |
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
| IPO Open Date | Thursday, December 14, 2023 |
| IPO Close Date | Monday, December 18, 2023 |
| Basis of Allotment | Tuesday, December 19, 2023 |
| Initiation of Refunds | Wednesday, December 20, 2023 |
| Credit of Shares to Demat | Wednesday, December 20, 2023 |
| Listing Date | Thursday, December 21, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 18, 2023 |
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Between the financial years ending on March 31, 2023, and March 31, 2022, Inox India Limited experienced a notable 22.46% increase in revenue and a 17.02% rise in profit after tax (PAT).
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 | 30 Sept 2023 |
|---|---|---|---|---|
| Assets | 687.20 | 896.75 | 1148.36 | 1155.81 |
| Revenue | 608.99 | 803.71 | 984.20 | 580 |
| Profit After Tax | 96.11 | 130.50 | 152.71 | 103.34 |
| Net Worth | 371.51 | 502.28 | 549.48 | 554.24 |
| Total Borrowings | 60.37 | 43.38 | 31.03 |
| KPI | Values |
|---|---|
| P/E (x) | 39.22 |
| Market Cap | ₹ 5990.39 Cr. |
| ROE | 27.79% |
| ROCE | 36.53% |
| EPS (Rs) | 16.83 |
| RoNW | 27.79% |
The Offer aims to achieve two primary objectives:
Prospectus: Official documents that provide detailed information about the IPO and the company. INOX India IPO DRHP and INOX India RHP.
An IPO, or Initial Public Offering, is the process by which a private company offers its shares to the public for the first time to raise capital.
Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.
The price range for the"INOX India Limited" IPO is ₹ 627 to ₹660 per share.
The "INOX India Limited" IPO is expected to be listed on Thursday, 21 December 2023.
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