Inox India Limited IPO is set to launch on 14 December, 2023. The company is involved in the business of supplying and manufacturing cryogenic equipment. It initiated its business operations in 1976. The entire business of the company is divided into 3 groups. They are LNG, Industrial Gas and Cryo Scientific. The industrial gas division includes Oxygen and Green hydrogen manufacturing and supplies. The Cryo Scientific division offers turnkey and equipment solutions in the field of cryogenic distribution and the LNG division provides small scale LNG solutions for marine, industrial and automotive applications. The product portfolio of the company includes beverage begs, cryogenic tanks and equipment, bespoke technologies etc. The supplies of the company’s products are done in various industries like steel, energy, LNG, medical and healthcare, aviation, chemical and fertilisers etc.
Inox India Limited IPO DETAILS
Inox India Limited IPO is set to launch on 14 December, 2023. The subscription timeline extends till 18 December, 2023. The size for the IPO is 1459.32 Crore Rs. No shares are issued through fresh issue mode. Shares issued through offer for sale mode are worth Rs 1459.32 Crore. The lot size is 22 shares and the price is 627 Rs to 660 Rs per share. The company is going to get listed at both NSE and BSE. The face value per share is Rs. 2 and this is a Book Built issue. The registrar for the company is KFin Technologies Limited.
Tabular Description of Inox India Limited IPO
| IPO OPENING DATE | 14 December, 2023 |
| CLOSING DATE FOR IPO | 18 December, 2023 |
| ISSUE TYPE | Book Built Issue |
| Face Value per share | 2 Rs. per share |
| IPO price band | 627 Rs. to 660 Rs. per share |
| LOT SIZE | 22 shares |
| MINIMUM ORDER QUANTITY | 22 shares |
| ISSUE SIZE | 1459.32 Crore Rs. |
| OFFER FOR SALE | 1459.32 Crore Rs. |
| FRESH ISSUE | No shares are issued through fresh issue mode |
| LISTING AT | NSE, BSE |
| LISTING DATE | 21 December, 2023 |
Inox India Limited IPO : IMPORTANT DATES
| IPO OPENING DATE | 14 December, 2023 |
| CLOSING DATE FOR IPO | 18 December, 2023 |
| IPO ALLOTMENT DATE | 19 December, 2023 |
| REFUNDS | 20 December, 2023 |
| DEMAT A/C CREDITED ON | 20 December, 2023 |
| IPO LISTING DATE | 21 December, 2023 |
Inox India Limited IPO begins for subscription from 14 December, 2023. The IPO subscription would continue till 18 December, 2023. The allotment status for the shareholders who applied would come on 19 December, 2023. The refunds for the ones who did not get allotment would be initiated on 20 December, 2023. The DEMAT accounts of shareholders would be credited on 20 December, 2023. The listing of the company would be completed on 21 December, 2023.
Inox India Limited IPO : Lead Managers
The lead managers are :
- Axis Capital Limited
- ICICI Securities Limited
The minimum lot size for the company is decided at 22 shares. This holding accounts to 14520 Rs.. The maximum lot size is decided at 286 shares. This amounts to 188760 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 22 shares | 14520 Rs. |
| Maximum | 286 shares | 188760 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The company will use the IPO money for further working capital requirements.
COMPANY FINANCIALS
| Particularly (in Crore Rs.) | 2020-21 | 2021-22 | 2022-23 |
| ASSETS | 687 | 896 | 1148 |
| Revenue | 608 | 803 | 984 |
| PAT | 96 | 130 | 152 |
Inox India Limited had an asset base of 687 Crore Rs in 2021 which increased to 896 Crore Rs in 2022 and 1148 Crore Rs in 2023. The company’s revenue increased to 803 Crore Rs in 2022 from 608 Crore Rs in 2021. The revenue for the year 2023 was 984 Crore Rs. The profit earned by the firm was 96 Crore Rs in 2021, 130 Crore Rs in 2022 and 152 Crore Rs in 2023.
PROS
- The entire business of the company is divided into 3 groups. They are LNG, Industrial Gas and Cryo Scientific. The industrial gas division includes Oxygen and Green hydrogen manufacturing and supplies. The Cryo Scientific division offers turnkey and equipment solutions in the field of cryogenic distribution and the LNG division provides small scale LNG solutions for marine, industrial and automotive applications.
- The product portfolio of the company includes beverage begs, cryogenic tanks and equipment, bespoke technologies etc.
- The supplies of the company’s products are done in various industries like steel, energy, LNG, medical and healthcare, aviation, chemical and fertilisers etc.
CONS
- The company works in a highly competitive segment.
Inox India Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the Inox India Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
