Inox India IPO Details
Issue Date
14 Dec - 18 Dec'23
Price Range
₹627 - ₹660
Lot Size
22
IPO Size
₹1459.32 Cr
Inox India IPO Listing Details
Listing On
21 Dec'23
Issue Price
₹660
Listed Price
₹ 949.65
Retail Gain/Listing Gain
▲43.89%
Schedule of Inox India IPO
Start date
14/12/2023
End date
18/12/2023
Allotment of bids
Refund Initiation
Listing on exchange
21/12/2023
Inox India IPO Review | About the Company, Issue Details And More
Kotak Neo
•03m 36s
Company Background
Inox India Limited is the largest supplier of cryogenic equipment, and is also the largest exporter of cryogenic tanks from India, in terms of revenue in Fiscal 2023 (Source: CRISIL Report, November 2023). The company has over 30 years of experience offering solutions across design, engineering, manufacturing and installation of equipment and systems for cryogenic conditions, such as tanks and equipment, beverage kegs, industrial gases, liquified natural gas (LNG), green hydrogen and more. Additionally, the company also manufactures a range of cryogenic equipment utilised in global scientific research projects.
Competitive Strengths
Leading Indian supplier and exporter of cryogenic equipment and solutions
Large portfolio of specialised cryogenic equipment engineered to global quality standards
Diversified domestic and international customer base across industry sectors
Risk Factors
- The business is dependent and will continue to depend on its three manufacturing facilities.
- 11.56% and 46.52% of revenue from operations was derived from their largest customer and top 10 customers.
- An increase in their component or raw material or other input costs may adversely affect the pricing and supply of their products.
Key Strategies
- Capitalise on opportunities in LNG and hydrogen as part of the global clean energy transition.
- Capture the full value chain across their product lines.
- Expanding their large turnkey project business.
Key Financials
Here are the key financials for Inox India Limited:
How to apply for IPO through ASBA
Kotak Neo
•00m 59 s
Inox India IPO FAQs
The Inox India IPO opens for subscription from 14-12-2023 to 18-12-2023, with a total issue size of ₹1459.32 Cr. The IPO price band is ₹627 to ₹660 per share with a lot size of 22. The company aims to list the shares on BSE & NSE on 21-12-2023.
The Inox India IPO will open for subscription on 14-12-2023 and will close on 18-12-2023 for investors.
The minimum lot size for the Inox India IPO is 22 equity shares, requiring a minimum investment of ₹14520 for retail investors applying in the IPO.
The price band of the Inox India IPO has been fixed at ₹627 to ₹660 per equity share.
You can apply for the Inox India IPO online through the Kotak Neo Website or the Kotak Neo App using UPI or ASBA during the IPO subscription period.
Inox India IPO allotment will take place on [-].
You can check the Inox India IPO allotment status online on the registrar’s website or on the NSE and BSE IPO allotment pages using your application number, PAN, or demat account details.
Inox India shares will list on the stock exchanges on 21-12-2023.
You can find detailed information about the Inox India IPO, including its business operations, financial performance, risk factors, and IPO objectives, in the Draft or Red Herring Prospectus (RHP).
The Inox India Limited IPO has an issue size of Rs. 1,459.32 crores. The IPO opens for subscription on 14th December 2023 and closes on 18th December 2023.
KFin Technologies Limited is the registrar for this IPO.
You may read more about Inox India Limited and its IPO from the company’s red herring prospectus (RHP) here:
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