The Inox India IPO date has been confirmed to have started on December 14, 2023 and closes on December 18, 2023.
Using an IPO, Inox India is seeking to raise Rs 1,459.32 crores. Its price band is set at ₹627 to ₹660 per share and The minimum lot size for an application is 22 Shares. The minimum amount of investment required by retail investors is ₹14,520. The minimum lot size investment for sNII is 14 lots (308 shares), amounting to ₹203,280, and for bNII, it is 69 lots (1,518 shares), amounting to ₹1,001,880.
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Bidding Dates
December 14-18
Price Range
₹627 to ₹660 per share
Face Value
₹10 per share
GMP
₹290
Inox India IPO GMP
The Inox India Limited IPO GMP is ₹290.
IPO Overview
The Inox CVA IPO is a book-built offering for Rs 1,459.32 crores. The offering consists fully of 2.21 crore shares for sale. The Inox CVA IPO goes on sale on December 14, 2023, and closes on December 18, 2023. The Inox CVA IPO allotment is planned to be completed on Tuesday, December 19, 2023. The Inox CVA IPO will be listed on the BSE and NSE, with a tentative listing date of Thursday, December 21, 2023.
The pricing range for the Inox CVA IPO is 627 to 660 per share. An application requires a minimum lot size of 22 Shares. Retail investors must make a minimum investment of $14,520. The minimum lot size investment for sNII is 14 lots (308 shares), which amounts to 203,280, while the minimum lot size investment for bNII is 69 lots (1,518 shares), which amounts to 1,001,880.
Air Liquide Global E&C Solutions India Private Limited, Caribbean LNG Inc, 2G Energy Inc, ISRO, Hyundai Engineering and Construction Co Ltd, and many others are among the company’s significant customers. By September 2023, the company’s products and services will have been exported to 66 nations, including the United States, Saudi Arabia, the Netherlands, Brazil, Korea, the United Arab Emirates, Australia, and Bangladesh. Kalol, Kandla Special Economic Zone (Kandla SEZ), and Silvassa in the Union Territory of Dadra and Nagar Haveli house the manufacturing facilities. The company’s order book stands at 10,366.09 million as of September 2023.
Inox CVA IPO Details
| IPO Date | December 14, 2023 to December 18, 2023 |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Price Band | ₹627 to ₹660 per share |
| Lot Size | 22 Shares |
| Total Issue Size | 22,110,955 shares (aggregating up to ₹1,459.32 Cr) |
| Offer for Sale | 22,110,955 shares of ₹2 (aggregating up to ₹1,459.32 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 90,763,500 |
Inox India Limited Financial Information
| 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 |
Inox CVA IPO Timeline
| IPO Open Date | Thursday, December 14, 2023 |
| IPO Close Date | Monday, December 18, 2023 |
| Basis of Allotment | Tuesday, December 19, 2023 |
| Initiation of Refunds | Wednesday, December 20, 2023 |
| Credit of Shares to Demat | Wednesday, December 20, 2023 |
| Listing Date | Thursday, December 21, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 18, 2023 |
Company Profile
Inox India Limited, founded in 1976, produces and sells cryogenic equipment. The company’s business comprises three divisions:
- Industrial Gas: The division designs, produces, and installs cryogenic tanks and systems for the storage, transportation, and distribution of industrial gases, including green hydrogen and oxygen.
- LNG: This division designs, manufactures, supplies, and installs both standard and engineered equipment for LNG storage, distribution, and transportation, as well as small-
scale LNG infrastructure solutions that are suitable for industrial, marine, and automotive applications.
- Cryo Scientific: This department provides equipment and turnkey solutions for scientific and industrial research involving cryogenic distribution with a focus on technology-intensive applications.
The product portfolio includes standard cryogenic tanks and equipment, beverage kegs, bespoke technology, equipment and solutions, as well as large turnkey projects used in a variety of industries including industrial gases, liquefied natural gas (“LNG“), green hydrogen, energy, steel, medical and healthcare, chemicals and fertilisers, aviation and aerospace, pharmaceuticals and construction. During the six months ended September 30, 2023, as well as Fiscal 2023, Fiscal 2022, and Fiscal 2021, the firm provided equipment and systems to 1,255 domestic and 254 international customers throughout our three divisions.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | inox.ipo@kfintech.com |
| Website | kosmic.kfintech.com |
Contact Details
| Name | Inox India Limited |
| Phone number | +91 265 6160100 |
| Email ID | secretarial.in@inoxcva.com |
| Website | inoxcva.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
