Inox India Limited
INOX India is the largest supplier of cryogenic equipment in India by revenue as of Fiscal 2023. With over three decades of experience, the company offers comprehensive solutions across design, engineering, manufacturing, and installation of cryogenic equipment and systems. Its product portfolio includes standard cryogenic tanks, beverage kegs, customized technologies, and large turnkey solutions. INOX India serves a wide range of industries, including industrial gases, liquefied natural gas, green hydrogen, energy, steel, medical and healthcare, chemicals and fertilizers, aviation and aerospace, pharmaceuticals, and construction.
Price Band₹627 - ₹660 |
Dates14 Dec - 18 Dec |
GMP₹289.65 (43.89%) |
Subscriptions61.28 times |
Issue Size₹1,459.32 Crs |
Inox India IPO Objects
- The issue is a complete Offer for Sale (OFS). The company will not receive any funds from the issue, entire proceeds will be received by the Selling Shareholder(s).
Inox India IPO Details
Price Band₹627 - ₹660 |
Listing AtNSE & BSE |
IPO Issue Type100% Book Built Offer |
Fresh Issue₹0.00 (0.00 Shares) |
Offer For Sale₹1,459.32 Cr (2.21 Cr Shares) |
Total Issue₹1,459.32 Cr (2.21 Cr Shares) |
Face Value₹2 per equity share |
Inox India IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Retail |
Minimum
1
22
14,520
Maximum
13
286
1,88,760
|
|||
| Small HNI |
Minimum
14
308
2,03,280
Maximum
68
1,496
9,87,360
|
|||
| Big HNI |
Minimum
69
1,518
10,01,880
|
|||
Inox India IPO Subscription
Updated as on 18-Dec-2023 19:00:00
| Investor Category | Subscription (times) | Shares Offered | Shared Bid |
|---|---|---|---|
| QIB | 147.80 | 44,22,191 | 65,36,16,260 |
| NII | 53.20 | 33,16,644 | 17,64,53,002 |
| bNII (bids above ₹10L) | 56.55 | 22,11,096 | 12,50,28,200 |
| sNII (bids between ₹2L to ₹10L) | 46.52 | 11,05,548 | 5,14,24,802 |
| Retail | 15.30 | 77,38,835 | 11,83,66,050 |
| Total | 61.28 | 1,54,77,670 | 94,84,35,312 |
Subscription data excludes the Anchor Investor portion.
Inox India IPO GMP
The estimated Grey Market Premium of Inox India IPO is ₹289.65 per share (43.89%)
- GMPs are available for IPOs with listing dates from May 1, 2025, onwards.
- The GMP prices displayed here reflect news related to grey market trends. We do not trade or deal in the grey market, including subject-to-rates, nor do we recommend participating in grey market trading.
Category Allocation
| Particulars | Allocation |
|---|---|
| QIBs | Not more than 50% of Net Offer |
| Big HNIs (NII) | Not less than 10% of Net Offer |
| Small HNIs (NII) | Not less than 5% of Net Offer |
| Retail | Not less than 35% of Net Offer |
Inox India IPO Financials
| Particulars | Sep-23 | Mar-23 | Mar-22 | Mar-21 |
|---|---|---|---|---|
| Revenue from Operations | 564.61 | 965.90 | 782.71 | 593.80 |
| Profit after Tax | 103.34 | 152.71 | 130.50 | 96.11 |
| Net Worth | 554.24 | 549.48 | 502.28 | 371.51 |
| Total Borrowing | 31.03 | 0.00 | 43.38 | 60.37 |
| Total Assets | 1,155.81 | 1,148.36 | 896.75 | 687.20 |
| NAV per share (in ₹) | 61.06 | 60.54 | 55.34 | 40.93 |
| EPS - Basic (in ₹) | 11.39 | 16.83 | 14.38 | 10.59 |
- The financial information presented is on a consolidated basis.
Key Performance Indicators
| KPI | Values |
|---|---|
| EBITDA | 22.62% |
| PAT | 15.52% |
| ROE | 27.79% |
| ROCE | 36.53% |
| PE Ratio | 39.22 |
| PB Ratio | 10.90 |
| Mkt Cap (in Crs.) | 5,990.39 |
- All information pertains to FY 2022-23.
- PE, PB, and market capitalization are calculated based on the Upper Price Band.
Inox India IPO Peer Comparision
- There are no listed companies in India that engage in a business similar to that of our Company. Accordingly, it is not possible to provide an industry comparison in relation to our Company.
Inox India IPO Peer Comparision
- There are no listed companies in India that engage in a business similar to that of our Company. Accordingly, it is not possible to provide an industry comparison in relation to our Company.
Promoter Details
| Name | Shareholding |
|---|---|
| Pavan Jain | 21.93% |
| Nayantara Jain | 21.23% |
| Siddharth Jain | 45.63% |
| Ishita Jain | 2.72% |
| Others | 8.49% |
Management Details
| Name | Designation |
|---|---|
| Pavan Jain | Chairman |
| Deepak Acharya | CEO |
| Pavan Logar | CFO |
Company Details
Name: Inox India Limited
Address: 9th Floor, K P Platina, Racecourse,
Vadodara - 390 007, Gujarat, India
Number: +91 265 6160100
Email: secretarial.in@inoxcva.com
Website: www.inoxcva.com
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Visit WebsiteFrequently Asked questions?
Find answers to common questions that come in your mind related to IPO.
Inox India IPO is a Mainboard IPO having an issue size of Rs. ₹1,459.32 Crs. Inox India IPO is priced at ₹627 - ₹660 per share. The issue opens on 14 Dec 23 and closes on 18 Dec 23.
Inox India IPO opens on 14 Dec 23 and closes on 18 Dec 23.
The estimated Grey Market Premium of Inox India IPO is ₹289.65 per share (43.89%).
The minimum lot size of Inox India IPO is 22 shares & the minimum application amount is Rs. 14520.
The allotment date of Inox India IPO is 19 Dec 23.
The listing date of Inox India IPO is 21 Dec 23.
Inox India IPO is subscribed 61.28 times.
Inox India IPO is priced at ₹627 - ₹660 per share.
Click the allotment link on Inox India IPO page of IPO360.
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