What you must know about Inox India IPO?
by 5paisa Research Team
12 Dec 2023
Listing Details
- Listing Exchange BSE, NSE
- Listing Date 21-Dec-23
- IPO Price Range ₹627
- Listing Price ₹933.15
- Listing Change 41.4 %
- Last Traded Price ₹1092.4
- Current Change 65.5 %
Inox India IPO Details
- Open Date 14-Dec-23
- Close Date 18-Dec-23
- Lot Size 22
- IPO Size ₹ 1,459.32 Cr
- IPO Price Range ₹ 627 to ₹ 660
- Min Investment ₹ 13,794
- Listing Exchange BSE, NSE
- Basis of Allotment 19-Dec-23
- Refunds 20-Dec-23
- Credit to Demat Account 20-Dec-23
- Listing Date 21-Dec-23
Inox India IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 14-Dec-23 | 0.04 | 4.59 | 3.68 | 2.84 |
| 15-Dec-23 | 0.17 | 13.75 | 8.22 | 7.11 |
| 18-Dec-23 | 147.80 | 53.18 | 15.22 | 61.24 |
Inox India IPO Synopsis
Inox India (INOX CVA) Limited IPO is all set to open from 14th December to 18th December 2023. The company is known as the largest cryogenic equipment supplier in the country. The IPO includes an Offer-for-Sale (OFS) of 22,110,955 shares worth ₹1,459.32 cr. The share allotment date is 19th December, and the IPO will be listed on 21st December on the stock exchanges. The price band is ₹627 to ₹660 per share and the lot size is 22 shares.
ICICI Securities Limited and Axis Capital Limited are the book-running lead managers for this IPO, while KFin Technologies Limited is the registrar.
Objectives of Inox IPO:
Being an OFS, the company will not receive any funding from the issue.
Inox IPO Video:
About Inox India
Established in 1976, Inox India Limited is known as the largest cryogenic equipment supplier in the country. The company is engaged in the business of designing, engineering, manufacturing and installing equipment and systems for cryogenic conditions. Its major solutions are divided into three categories i) Industrial Gas Division ii) LNG Division iii) Cryo Scientific Division.
The company also provides standard cryogenic tanks and equipment, beverage kegs, bespoke technology, equipment and solutions as well as large turnkey projects. The application of these can be seen in 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.
Inox India is well-positioned in the global market, i.e. it is the first Indian company to make a trailer mounted hydrogen transport tank, which was jointly designed with ISRO. The company serves 254+ global clients and in terms of revenue is the largest exporter of cryogenic tanks from India as of FY23.
Some of the renowned clients of Inox India across three categories include Air Liquide Global E&C Solutions India Private Limited, Gulf Cryo LLC, Hyundai Engineering and Construction Co Ltd, Caribbean LNG Inc, 2G Energy Inc, AGP City Gas Pvt Ltd, Shell Energy India Private Limited; Think Gas Distribution Private Limited, ISRO, and more.
Peer Comparison
No listed peers.
For More Information:
Inox India IPO GMP
Webstory on Inox India IPO
Know About Inox India IPO
Inox India Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 965.90 | 782.71 | 593.79 |
| EBITDA | 222.65 | 188.63 | 149.69 |
| PAT | 149.69 | 130.49 | 96.10 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 1148.36 | 896.75 | 687.20 |
| Share Capital | 18.15 | 18.15 | 9.076 |
| Total Borrowings | 598.89 | 394.47 | 315.69 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 178.38 | 97.03 | 230.69 |
| Net cash from / (used in) investing activities | -11.31 | -74.56 | -148.15 |
| Net cash flow from / (used in) financing activities | -153.61 | -26.13 | -95.70 |
| Net increase (decrease) in cash and cash equivalents | 12.49 | -1.06 | -16.90 |
Inox India IPO Key Points
-
Strengths
1. The company is a leading Indian supplier and exporter of cryogenic equipment and solutions.
2. It has a large portfolio of specialized cryogenic equipment engineered to global quality standards.
3. Its customer base is diverse with Indian and global clients.
4. The company has a strong product development and engineering focus.
5. Its financial performance is good and supports growth.
6. Experienced Promoters and Professional Management Team.
-
Risks
1. Cryogen leakage from equipment can be a health hazard and the company’s products face inherent risk due to high pressures and low temperatures.
2. Exports contribute majorly to total revenue and any changes in that can impact the business.
3. The industry is subject to cyclical demand, competitive, and vulnerable to economic downturns.
4. It is dependent on project contracts awarded on the basis of government-customer tenders.
5. Exposed to potential warranty claims.
6. The business is concentrated in the Industrial Gas sector.
Inox India
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Inox India IPO FAQs
What is the minimum lot size and investment required for the Inox India IPO?
The minimum lot size of Inox India IPO is 22 shares and the investment required is ₹13,794.
What is the price band of Inox India IPO?
The price band of Inox India IPO is ₹627 to ₹660 per share.
When does the Inox India IPO opens and closes?
The Inox India IPO is open from 14th December to 18th December 2023.
What is the size of the Inox India IPO?
The size of Inox India IPO is around ₹1,459.32 cr.
What is the allotment date of the Inox India IPO?
The share allotment date of Inox India IPO is 19th of December 2023.
What is the Inox India IPO listing date?
The Inox India IPO will be listed on 21st of December 2023.
Who are the book runners for the Inox India IPO?
ICICI Securities Limited and Axis Capital Limited are the book-running lead managers for Inox India IPO.
What is the objective of the Inox India IPO?
Being an OFS, the company will not receive any funding from the issue.
How to apply for the Inox India IPO?
To apply for Inox India IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Inox India IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
● You will receive a mandate notification to block funds in your UPI app.
Contact Details of Inox India IPO
Contact Information
Inox India Limited
9 th Floor, K P Platina
Racecourse
Vadodara - 390 007
Phone: +91 265 6160100
Email: secretarial.in@inoxcva.com
Website: https://inoxcva.com/
Inox India IPO Register
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: inox.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Inox India IPO Lead Manager
ICICI Securities Limited
Axis Capital Limited
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