Inox India IPO Details: Inox India IPO date is fixed, the IPO is to hit the market on December 14 and will close on December 18. Inox India IPO to raise around ₹1459 crores via IPO that comprises fresh issue of ₹[.] crores and offer for sale up to ₹1459 crores of ₹2 each. The retail quota is 35%, QIB is 50%, and HNI is 15%.
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INOX India Company Detail
- By revenue in Fiscal 2023, Inox India Limited is one of India’s top suppliers of cryogenic equipment. They have over 30 years of experience providing solutions in the design, engineering, manufacturing, and installation of cryogenic equipment and systems. Standard cryogenic tanks and equipment, beverage kegs, bespoke technology, equipment, and solutions, as well as large turnkey projects, are available for use in a variety of industries, including industrial gases, liquified natural gas, green hydrogen, energy, steel, medical and healthcare, chemicals and fertilizers, aviation and aerospace, pharmaceuticals, and construction.
Inox India business is comprised of three divisions:
- Industrial Gas: This division designs, produces, supplies, and installs cryogenic tanks and systems for the storage, transportation, and distribution of industrial gases such as green hydrogen, oxygen, nitrogen, argon, carbon dioxide (CO2), and hydrogen, as well as providing after-sales services.
- LNG: This division designs, manufactures, and installs standard and customized equipment for LNG storage, distribution, and transportation, as well as small-scale LNG infrastructure solutions for industrial, maritime, and automotive applications.
- Cryo Scientific: This division provides equipment for technology-intensive applications as well as complete solutions for cryogenic distribution research in scientific and industrial settings.
The company’s products and services are available in 66 countries, including the United States, Saudi Arabia, the Netherlands, Brazil, Korea, the United Arab Emirates, Australia, and Bangladesh. Kalol, Kandla Special Economic Zone (Kandla SEZ), and Silvassa in the Union Territory of Dadra and Nagar Haveli house the manufacturing facilities.
Inox India IPO Date & Price Band Details
Inox India’s IPO Date and price Band Details are tabulated here.
| Inox India IPO Date & Price Band Details | |
| IPO Open: | December 14, 2023 |
| IPO Close: | December 18, 2023 |
| IPO Size: | Approx ₹1459 Crores |
| Fresh Issue: | Approx ₹[.] Crores |
| Offer for Sale: | Approx ₹1459 Crores |
| Face Value: | ₹2 Per Equity Share |
| IPO Price Band: | ₹627 to ₹660 Per Share |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
Inox India IPO Market Lot
The Inox India IPO minimum market lot is 22 shares with ₹14,520 application amount. Retail investors can apply up to 13 lots with 286 shares or ₹188,760 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 22 | ₹14,520 |
| Retail Maximum | 13 | 286 | ₹188,760 |
| S-HNI Minimum | 14 | 308 | ₹203,280 |
| B-HNI Minimum | 69 | 1518 | ₹1,001,880 |
Inox India IPO Important Dates
The Inox India IPO date is December 14 and the close date is December 18. The Inox India IPO allotment will be finalized in 2023 and the IPO listing in 2023.
| Inox India IPO Important Dates | |
| Anchor Investors Allotment: | December 13, 2023 |
| IPO Open Date: | December 14, 2023 |
| IPO Close Date: | December 18, 2023 |
| Basis of Allotment: | December 19, 2023 |
| Refunds: | December 20, 2023 |
| Credit to Demat Account: | December 20, 2023 |
| IPO Listing Date: | December 21, 2023 |
Inox India Company Financial Report
| Year | Revenue (₹ in Crores) | Expense (₹ in Crores) | PAT (₹ in Crores) |
| 2021 | ₹609 | ₹478 | ₹96.11 |
| 2022 | ₹804 | ₹630 | ₹130.50 |
| 2023 | ₹984 | ₹779 | ₹152.71 |
| 2024 | ₹580 | ₹444 | ₹103.34 |
Inox India IPO Peer Group
- There are no listed companies in India that engage in a business similar to that of our Company. Accordingly, it is not possible to provide an industry comparison with our Company. Further, there are no Indian-listed peers or global-listed peers that are of comparable size, from the same industry, and with a similar business model as our Company.
Inox India IPO Company Promoters
- Pavan Kumar Jain
- Nayantara Jain
- Siddharth Jain
- Ishita Jain
Inox India IPO FAQs
Q. What is Inox India IPO?
Ans. Inox India IPO is a main-board IPO. They are going to raise ₹1459 Crores via IPO. The issue is priced at ₹627 to ₹660 per equity share. The IPO is to be listed on BSE & NSE.
Q. When Inox India IPO will open?
Ans. The IPO is to open on December 14, 2023, for QIB, NII, and Retail Investors.
Q. What is Inox India IPO Investors Portion?
Ans. The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
Q. What is Inox India’s IPO Size?
Ans. Inox India’s IPO size is ₹1459 crores.
Q. What is Inox India IPO Price Band?
Ans. Inox India’s IPO Price Band is ₹627 to ₹660.
Q. What is the Inox India IPO Allotment Date?
Ans. Inox India’s IPO allotment date is December 19, 2023.
Q. What is the Inox India IPO Listing Date?
Ans. Inox India’s IPO listing date is December 21, 2023. The IPO is to be listed on BSE and NSE.
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