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Posted on  December 11, 2023 under  by Meghna Mundhra

INOX India IPO Details - Complete Overview of INOX India Limited IPO

INOX India IPO Price: ₹627 - ₹660
IPO Date Range:
Dec 14, 2023 - Dec 18, 2023

INOX India IPO

Foundation & Business Essence:

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.

Product Portfolio:

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.

Network and Presence

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.

Strengths

The company prides itself as a leading Indian supplier and exporter of cryogenic equipment and solutions, offering:

  • A comprehensive portfolio of specialized cryogenic equipment designed to meet stringent global quality standards.
  • A diverse customer base spanning domestic and international markets across various industry sectors.
  • A committed focus on product development and engineering excellence.
  • A solid financial performance that ensures robust support for the company's growth.

Bidding Starts In

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INOX India IPO Specifics:

IPO DateDecember 14, 2023 to December 18, 2023
Listing DateThursday, December 21, 2023
Face Value₹2 per share
Price Band₹627 to ₹660 per share
Lot Size22 shares
Total Issue Size22,110,955 shares
(aggregating up to ₹1,459.32 Cr)
Offer For Sale22,110,955 shares
(aggregating up to ₹1,459.32 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Share holding pre issue90,763,500

INOX India IPO Lot Size

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.

ApplicationLotsSharesAmount
Retail (Min)122₹14,520
Retail (Max)13286₹188,760
S-HNI (Min)14308₹203,280
S-HNI (Max)681,496₹987,360
B-HNI (Min)691,518₹1,001,880

INOX India IPO Reservation

QIB Shares OfferedNot more than 50% of the Net Issue
Retail Shares OfferedNot less than 35% of the Net Issue
NII (HNI) Shares OfferedNot less than 15% of the Net Issue

INOX India IPO Timetable (Important Dates)

IPO Open DateThursday, December 14, 2023
IPO Close DateMonday, December 18, 2023
Basis of AllotmentTuesday, December 19, 2023
Initiation of RefundsWednesday, December 20, 2023
Credit of Shares to DematWednesday, December 20, 2023
Listing DateThursday, December 21, 2023
Cut-off time for UPI mandate confirmation5 PM on December 18, 2023

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INOX India Limited IPO Financial Information

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 Ended31 Mar 202131 Mar 202231 Mar 202330 Sept 2023
Assets687.20896.751148.361155.81
Revenue608.99803.71984.20580
Profit After Tax96.11130.50152.71103.34
Net Worth371.51502.28549.48554.24
Total Borrowings60.3743.3831.03
Amount in ₹ Crore

Key Performance Indicator - INOX India IPO

KPIValues
P/E (x)39.22
Market Cap ₹ 5990.39 Cr.
ROE27.79%
ROCE36.53%
EPS (Rs)16.83
RoNW27.79%

Objects of the Issue:

The Offer aims to achieve two primary objectives:

  1. Conduct the Offer for Sale of up to 22,110,955 Equity Shares by the Selling Shareholders.
  2. Realize the advantages of listing the Equity Shares on the Stock Exchanges. Additionally, the Company anticipates that this listing will elevate visibility and brand recognition while establishing a public market for the Equity Shares in India. The Selling Shareholders will receive the Offer proceeds after deducting relevant expenses and taxes.

Prospectus Links:

Prospectus: Official documents that provide detailed information about the IPO and the company. INOX India IPO DRHP and INOX India RHP.

Frequently Asked Questions

What is an IPO?

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.

Why do companies go public with an IPO?

Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.

What is the price range for the "INOX India Limited" IPO?

The price range for the"INOX India Limited" IPO is ₹ 627 to ₹660 per share.

When will the "INOX India Limited" IPO be listed on the stock exchange?

The "INOX India Limited" IPO is expected to be listed on Thursday, 21 December 2023.

How to apply for an IPO with Lakshmishree?

To apply for an IPO with Lakshmishree:
Go to www.lakshmishree.com/ipo
Select the desired IPO and fill in the required details.
Confirm your application and make the payment.
Once applied, you can track the status of your application on the platform or get in your registered Email ID.

How can I check the subscription status of an IPO on Lakshmishree?

Log in to your Lakshmishree account and navigate to the 'IPO' section. Here, you can view live updates on the subscription status of ongoing IPOs.

Written by Meghna Mundhra

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