INOX INDIA LIMITED
₹ 627 - ₹ 660
14-Dec-2023 - 18-Dec-2023
₹ 14520.00

/ 22 Shares

INOX INDIA LIMITED

14-Dec-2023 - 18-Dec-2023

₹ 627 - ₹ 660

Price Band

₹ 14520.00

Minimum Investment

22

Bid Lot

22,110,955

Shares

  • Face Value - ₹ 2/- Per Share

  • Listing at NSE,BSE

  • 351,765 Application Required in Retail for 1 Time.

  • Registrar : KFin Technologies Limited

IPO Details

Offer for Sale of 22,110,955 Equity shares

Category % Shares/Amount
QIB 50% 11,055,476 Shares Rs.729.66 Cr
HNI 1 5% 1,105,548 Shares Rs.72.97 Cr @ 3589 forms for 1 X
HNI 2 10% 2,211,096 Shares Rs.138.64 Cr @ 7179 forms for 1 X
Retail 35% 7,738,835 Shares Rs.510.76 Cr @ 351765 forms for 1 X

Axis Capital, ICICI Securities

Application Require for 1 Time

Retail (Upto 2 Lakh) HNI (2 Lakh to 10 Lakh) HNI (Above 10 Lakh)
351765 forms for 1 X 3589 forms for 1 X 7179 forms for 1 X

IPO Lot Size

Category Lots Shares Amount
Retail (Upto 2 Lakh) 1 22 ₹ 14,520
Retail (Upto 2 Lakh) 13 286 ₹ 188,760
S-HNI (2 Lakh to 10 Lakh) 14 308 ₹ 203,280
S-HNI (2 Lakh to 10 Lakh) 68 1496 ₹ 987,360
B-HNI (Above 10 Lakh) 69 1518 ₹ 1,001,880

IPO Timeline

  • Open Date

    14-Dec-2023

  • Close Date

    18-Dec-2023

  • Basis of Allotment Date

    19-Dec-2023

  • Initiation of Refunds

    20-Dec-2023

  • Credit Shares to Demat A/c

    20-Dec-2023

  • IPO Listing Date

    21-Dec-2023

Subscription as on
18-Dec-2023 18:16

Category Book Size Subscription No. of Times
QIB 4,422,191 ₹ 291.86 Cr. 653,616,260 ₹ 43138.67 Cr. 147.80x
HNI (<10 LAKH) 1,105,548 ₹ 72.97 Cr. 51,422,844 ₹ 3393.91 Cr. 46.51x
HNI2 (>10 LAKH) 2,211,096 ₹ 145.93 Cr. 125,028,200 ₹ 8251.86 Cr. 56.55x
RETAIL 7,738,835 ₹ 510.76 Cr. 118,356,964 ₹ 7811.56 Cr. 15.29x
Total 15,477,670 948,424,268 61.28x
Category Book Size Subscription No. of Times
QIB 4,422,191 ₹ 291.86 Cr. 653,616,260 ₹ 43138.67 Cr. 147.80x
HNI (<10 LAKH) 1,105,548 ₹ 72.97 Cr. 51,422,844 ₹ 3393.91 Cr. 46.51x
HNI2 (>10 LAKH) 2,211,096 ₹ 145.93 Cr. 125,028,200 ₹ 8251.86 Cr. 56.55x
RETAIL 7,738,835 ₹ 510.76 Cr. 118,356,964 ₹ 7811.56 Cr. 15.29x
Total 15,477,670 948,424,268 61.28x

*Excluding Anchor

Total No. of Application Approx : ~4298096 (12.22 Appwise)

Disclaimer: The above-mentioned information / data are sourced from the websites of National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) and are subject to change on real time basis. For updated information / data you can visit their respective website. The information / data provided herein above are for information purpose only and provided "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. We do not guarantee or warrant the accuracy, adequacy or completeness of the information received through the said websites. “We” hold not responsibility of any kind as regard to any discrepancies, errors, omissions, losses or damages. “We” including its affiliates and any of its officers, directors, personnel and employees, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of information / data received through the said websites. The recipient alone shall be fully responsible / are liable for any decision taken on the basis of such information / data. All recipients should before acting upon the said information make their own investigation, seek appropriate professional advice.

About Company

  • Inox India Limited (“Inox India”) was incorporated on December 21, 1976. The part of Inox Group, Inox India is the largest supplier of cryogenic equipment in India by revenue in Fiscal 2023. Inox India has over 30 years of experience offering solutions across design, engineering, manufacturing and installation of equipment and systems for cryogenic conditions. Company’s offering includes standard cryogenic tanks and equipment, beverage kegs, bespoke technology, equipment, and solutions as well as large turnkey projects which are used in diverse industries such as industrial gases, liquified natural gas (“LNG”), green hydrogen, energy, steel, medical and healthcare, chemicals and fertilizers, aviation and aerospace, pharmaceuticals, and construction. In addition, they manufacture a range of cryogenic equipment utilised in global scientific research projects. Also, they were the largest exporter of cryogenic tanks from India in terms of revenue in Fiscal 2023.
  • Inox India is the 1st Indian company to manufacture a trailer mounted hydrogen transport tank, which was designed jointly with the Indian Space Research Organisation (“ISRO”). Inox India produced and shipped a 238kl liquid hydrogen storage tank for a liquid hydrogen plant in South Korea. They also have recently produced & shipped four 311kl liquid hydrogen storage tanks for another customer in South Korea for the construction of 3 liquid hydrogen plants.
  • Due to their engineering expertise, quality product offering and customer service, they have developed a reputed brand, INOXCVA, in the cryogenic equipment industry. In the Fiscal 2023 they have Installed Capacity of 3,100 Equivalent Tank Units (which are cryogenic storage tanks of 10,000 litres), 2.4 million disposable cylinders, 14 certifications from United States, Europe, Australia and other international markets.
  • Inox India has 3 manufacturing facilities located at (i) Kalol in Gujarat, (ii) the Kandla Special Economic Zone (“Kandla SEZ”) in Gujarat and (iii) Silvassa in the Union Territory of Dadra and Nagar Haveli.
  • They provided their equipment and systems to over 1,201 domestic customers and over 228 international customers across the 3 divisions.
  • The company also has built a strong international customer base. Currently they are exporting their products and delivering their services to 66 countries.
Read More

Strengths

  • Leading Indian supplier and exporter of cryogenic equipment and solutions
  • Large portfolio of specialized cryogenic equipment engineered to global quality standards
  • Diversified domestic and international customer base across industry sectors
  • Strong product development and engineering focus
  • Healthy financial performance to support growth
  • Experienced Promoters, Management Team and Skilled Workforce

Company Promoters

Pavan Kumar Jain, Nayantara Jain, Siddharth Jain and Ishita Jain

Company Financials

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 Ended 30 Sep 2023 31 Mar 2023 31 Mar 2022 31 Mar 2021
Assets 1,155.81 1,148.36 896.75 687.20
Revenue 580.00 984.20 803.71 608.99
Profit After Tax 103.34 152.71 130.50 96.11
Net Worth 554.24 549.48 502.28 371.51
Reserves and Surplus        
Total Borrowing 31.03   43.38 60.37
Amount in ? Crore

Objects of the Issue

  • Carry out the Offer for Sale of up to 22,110,955 Equity Shares by the Selling Shareholders; and
  • Achieve the benefits of listing the Equity Shares on the Stock Exchanges. Further, the Company expects that the proposed listing of its Equity Shares will enhance the visibility and brand image as well as provide a public market for the Equity Shares in India. The Selling Shareholders will be entitled to the entire Offer proceeds after deducting the Offer expenses and relevant taxes.

How to Apply

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    Once you create your account, Login to Us.

  • Step 02 :

    Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.

  • Step 03 :

    Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).

  • Step 04 :

    Enter your UPI ID and you will receive mandate on your UPI App.

  • Step 05 :

    Once you accept the mandate, Application is submitted successful.

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