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Inox India IPO

  • Status: Closed
  • RHP:
  • ₹ 13,794 / 22 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    21 Dec 2023

  • Listing Price

    ₹933.15

  • Listing Change

    41.39%

  • Last Traded Price

    ₹1,152.25

IPO Details

  • Open Date

    14 Dec 2023

  • Close Date

    18 Dec 2023

  • IPO Price Range

    ₹ 627 to ₹ 660

  • IPO Size

    ₹ 1,459.32 Cr

  • Listing Exchange

    BSE, NSE

  • Listing Date

    21 Dec 2023

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IPO Timeline

Inox India IPO Subscription Status

Last Updated: 22 December 2023 10:47 AM by 5Paisa

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:

 

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

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


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.
 

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FAQs

The minimum lot size of Inox India IPO is 22 shares and the investment required is ₹13,794.

The price band of Inox India IPO is ₹627 to ₹660 per share.

The Inox India IPO is open from 14th December to 18th December 2023.
 

The size of Inox India IPO is around ₹1,459.32 cr. 

The share allotment date of Inox India IPO is 19th of December 2023.

The Inox India IPO will be listed on 21st of December 2023.

ICICI Securities Limited and Axis Capital Limited are the book-running lead managers for Inox India IPO.

Being an OFS, the company will not receive any funding from the issue.  
 

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.