Inox India is scheduled to hit the market on December 14 , 2023 and close on December 18, 2023. Inox India plans to raise around ₹1,459.32 Cr through an IPO with a sale of up to 22,110,955 equity shares of ₹2 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.
Established in 1976, Inox India Limited specializes in the manufacturing and supply of cryogenic equipment. The company operates through three distinct divisions, each catering to specific segments of the market. In the Industrial Gas division, Inox designs, produces, and installs cryogenic tanks and systems tailored for the storage, transportation, and distribution of various industrial gases, including but not limited to green hydrogen and oxygen.
As a leader in the cryogenic equipment industry, Inox India Limited has demonstrated its commitment to providing specialized solutions across multiple sectors, ensuring the safe and efficient handling of industrial gases, LNG, and facilitating advanced scientific and industrial research initiatives.
Inox India IPO Details
Inox India IPO opens on Dec 14 , 2023, and closes on Dec 18 , 2023. The Listing date for Inox India IPO is on Dec 21, 2023. The price band for IPO is ₹627 to ₹660 per share and lot size of 22 Shares.
| IPO Date | Dec 14 , 2023 to Dec 18, 2023 |
| Listing Date | Dec 21, 2023 |
| Price | ₹627 to ₹660 per share |
| Lot Size | 22 Shares |
| Issue Size | ₹1,459.32 Cr |
| Face Value | ₹2 per share |
Inox India IPO Tentative Timetable
Inox India opening date is December 14, 2023 and close date is December 18, 2023. The IPO allotment date is December 19, 2023. The refund initiation of IPO is on December 20, 2023. The credit of shares in demat account is on December 20, 2023. The listing date is on December 21 , 2023.
| Event | Date |
|---|---|
| IPO Opening | Dec 14, 2023 |
| IPO Closing | Dec 18, 2023 |
| IPO Allotment Date | Dec 19, 2023 |
| Refund Initiation | Dec 20, 2023 |
| Shares Credit to Demat | Dec 20, 2023 |
| Lisiting Date | Dec 21, 2023 |
Inox India IPO Lot Size
Lot Size of this IPO is 22 shares. A retail-individual investor can apply for up to 13 lots (286 shares or ₹188,760).
| Category | Lots | 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 Promoter Holding
| Pre Issue Share Holding | 99.30% |
| Post Issue Share Holding | 75.46% |
Inox India IPO Review
The product portfolio ranges from standard cryogenic tanks and equipment to large turnkey projects, serving a broad customer base globally. In the six months ending September 30, 2023, and the fiscal years 2023, 2022, and 2021, the company collaborated with numerous domestic and international customers, including notable entities like Air Liquide Global E&C Solutions India Private Limited, Caribbean LNG Inc, and ISRO.
The financial performance of Inox India Limited reflects its growth trajectory, with a commendable 22.46% increase in revenue and a 17.02% rise in profit after tax between March 2022 and March 2023. The company's strategic manufacturing facilities in Kalol, Kandla Special Economic Zone (Kandla SEZ), and Silvassa underline its commitment to operational excellence. As of September 2023, the order book stands at ₹10,366.09 million, reflecting a robust pipeline of business.
As investors evaluate the upcoming IPO, key considerations will include the pricing details, deployment of funds, and the company's plans for sustained growth in the evolving landscape of industrial gases, LNG, and cryogenic applications. A comprehensive review will provide valuable insights into the potential of Inox India Limited's IPO as a compelling investment opportunity.
Inox India IPO Subscription Status (Bidding Details)
No IPO ID provided. Check if the "ipo-subscription" field is set for this post.Inox India IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Inox India IPO FAQs
What is Inox India IPO?
Inox India is issuing 22,110,955 equity shares with a face value of ₹2 each, totaling up to ₹1,459.32 Cr. The shares are being offered at a price of ₹627 to ₹660 each, with a minimum order quantity of 22 shares.
Kfin Technologies Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Inox India IPO will open?
Inox India will open on December 14 , 2023 for QIB, NII, and Retail Investors.
When Inox India IPO will end?
Inox India will end on December 18, 2023.
What is Inox India IPO Size?
Inox India IPO size is ₹1,459.32 Cr.
What is Inox India IPO Price Band?
Inox India price band is ₹627 to ₹660 per share.
What is the Inox India IPO Allotment Date?
Inox India allotment date is December 19, 2023.
What is the Inox India IPO Listing Date?
Inox India listing date is December 21, 2023, 2023. The IPO is to be listed on BSE and NSE.
How to Apply Inox India IPO through Zerodha?
To apply for the IPO “Inox India” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Inox India IPO through Upstox?
To apply for the IPO “Inox India” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Inox India IPO Allotment Status?
For Inox India IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Inox India IPO GMP?
You can check out here: Inox India IPO GMP