INOX India Ltd. (Mainboard)
Dec 14, 2023 - Dec 18, 2023
| Price | ₹627 - ₹660 |
| Premium | ₹350 |
|---|---|
| Lot size | 22 |
| Allotment | Dec 19, 2023 |
| Listing | Dec 21, 2023 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 22 | 14520 | 351765 |
| sHNI | 14 | 308 | 203280 | 3589 |
| bHNI | 69 | 1518 | 1001880 | 7179 |
Last Updated as on 18-Dec-2023 17:51:00
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 4422191 | 653616260 | 147.8 |
| HNIs | 3316644 | 176436304 | 53.2 |
| HNIs (10+L) | 2211096 | 125028200 | 56.55 |
| HNIs (2-10L) | 1105548 | 51408104 | 46.5 |
| Retail | 7738835 | 118324734 | 15.29 |
| Total | 15477670 | 948377298 | 61.27 |
| Total Application : 4,375,495 | |||
| QIB Cost (7 Days) per share | |||||
|---|---|---|---|---|---|
| @7% ₹130.95 | @8% ₹149.66 | @9% ₹168.37 | @10% ₹187.08 | @11% ₹205.79 | @12% ₹224.49 |
Incorporated in December 1976, Inox India Limited is a supplier of cryogenic equipment. The company provides end-to-end solutions for equipment and systems operating in cryogenic conditions, including design, engineering, manufacturing, and installation. The company provides a wide range of products and services, including cryogenic tanks and equipment, beverage kegs, customized technology, equipment and solutions, as well as comprehensive turnkey projects. These products and services cater to a variety of industries such as industrial gases, liquefied natural gas ("LNG"), green hydrogen, energy, steel, medical and healthcare, chemicals and fertilizers, aviation and aerospace, pharmaceuticals and construction.
The customer base of the company includes;Air Liquide Global E&C Solutions India Private Limited, All Safe Global, Baif Development Research Foundation, CRYONiQ s.r.o., Gulf Cryo LLC, Hyundai Engineering and Construction Co Ltd, INOX Air Product Pvt Ltd, Carbacid (CO2) Limited, Navin Flourine International Ltd, National Refrigerants Inc, Pentrade Global LLC, Prodair Air Products India Pvt Ltd, SK ecoengineering Co. Ltd, StemCyte India Therapeutics Pvt Ltd, Synergy Gases ( K ) Ltd in Industrial Gas Division and Caribbean LNG Inc, 2G Energy Inc, AGP City Gas Pvt Ltd, H-Energy Gateway Pvt. Ltd., Hoglund Gas Solutions AS, IRM Energy Limited, Saint Gobain India Private Limited, Shell Energy India Private Limited; Think Gas Distribution Private Limited, Ultra Gas & Energy Limited in LNG Division.
By September 2023, the company had exported products and delivered services to 66 countries, including the United States, Saudi Arabia, the Netherlands, Brazil, Korea, United Arab Emirates, Australia, and Bangladesh.
The manufacturing facilities are in Kalol, Kandla Special Economic Zone (Kandla SEZ), and Silvassa in the Union Territory of Dādra and Nagar Haveli. As of September 2023, the company's order book comprises of ₹10,366.09 million.
Inox India IPO Details
| Issue Size | [22110955] shares (aggregating up to ₹[1459.32] Cr) |
| Offer for Sale | 22,110,955 shares of ₹2 (aggregating up to ₹[1459.32] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 90,763,500 |
Inox India IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| 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 |
Company Financials
Inox India Limited Financial Information (Restated Consolidated)
Inox India Limited's revenue increased by 22.46% and profit after tax (PAT) rose by 17.02% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period | 30 Sep 2023 | Mar 2023 | Mar 2022 | Mar 2021 |
| Assets | 1,155.81 | 1,148.36 | 896.75 | 687.20 |
| Revenue | 580.00 | 984.20 | 803.71 | 608.99 |
| Profit | 103.34 | 152.71 | 130.50 | 96.11 |
| Net Worth | 554.24 | 549.48 | 502.28 | 371.51 |
| Reserves | ||||
| Borrowing | 31.03 | 43.38 | 60.37 | |
| Amount in ₹ Crore | ||||
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: inox.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/