Airox Technologies IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Jan 07, 2023Airox Technologies Ltd is a medical-grade oxygen generation manufacturer and operates in the Indian market. The company has filed the Draft Red Herring Prospectus (DRHP) with SEBI to seek approval to float an IPO.
Airox Technologies IPO is an Offer for Sale where the two promoters of the company, Sanjay Bharatkumar Jaiswal and Ashima Sanjay Jaiswal will be selling their shares to the public.
The company is not offering equity shares in the form of fresh issue.
In this Airox Technologies IPO Review, we will examine and sum up this IPO, its objectives, and the facts & aspects.
| Face Value | Rs.10 |
| Price Band | Not Disclosed |
| Listing At | BSE, NSE |
| Min. Order Quantity | Not Disclosed |
| Listing Date | Not Disclosed |
| Offer for Sale | Rs. Crore |
| Fresh Issue | Rs. Crore |
| IPO Size | Rs. Crore |
| Tick Size | 1 |
Airox Technologies IPO Overview
The Medical equipment manufacturer company, Airox Technologies is soon coming up with an IPO comprising equity shares aggregating up to Rs. 750 crores via an Offer for Sale. Since the IPO is entirely an OFS, no new shares are being brought into the market.
The company has recently filed the draft papers and will be waiting for approval.
The business of Airox Technologies took a high escalation in 2020 amid COVID-19 due to underlying hospital emergencies and the increased demand for oxygen cylinders.
Airox Technologies IPO Important Dates
| Events | Date |
| IPO Opening Date | Not Disclosed |
| IPO Closing Date | Not Disclosed |
| Basis of Allotment Finalization | Not Disclosed |
| Refunds Initiation | Not Disclosed |
| Credit of Shares to Demat Account | Not Disclosed |
| Share Listing Date | Not Disclosed |
Around the end of September, Airox Technologies Limited applied to SEBI for approval of its Draft Red Herring Prospectus (DRHP). Once the IPO is approved, the company will go ahead with the IPO launch.
Airox Technologies IPO Dates too will be announced soon after the draft paper approval. The company has approached the capital market regulator with an Offer for Sale offer.
Airox Technologies IPO Price, Size, Share Offerings
| Face Value | Rs.10 |
| Price Band | Not Disclosed |
| Offer for Sale | Not Disclosed |
| Fresh Issue | Not Disclosed |
| IPO Size | Not Disclosed |
Airox Technologies IPO Size consists of Equity Shares aggregating up to Rs. 750 crores. Two of the promoters of the company, Sanjay Bharatkumar Jaiswal and Ashima Sanjay Jaiswal will be offloading their equity shares in the upcoming public offer.
The face value of the equity shares is Rs. 10 each. The Airox Technologies IPO Price will be determined by the company and the promoter selling shareholders in consultation with the Lead Managers.
Airox Technologies IPO Grey Market Premium
| Date | GMP (Rs.) | Kostak Rate (Rs.) | Subject to Sauda (Rs.) |
| NA | NA | NA | NA |
| NA | NA | NA | NA |
| NA | NA | NA | NA |
| NA | NA | NA | NA |
Every IPO whether big or small comes across the path with Grey Market where its market demand is analyzed. Grey market appears as a fair and transparent display for the shares of a company preparing for listing.
With the assistance of Airox Technologies IPO GMP, investors and traders can bid in the IPO at the right price levels.
Airox Technologies IPO Subscription Status
| Day / Date | QIB | NII | RII | Emp | Total Subscription |
| 1st Day – | |||||
| 2nd Day – | |||||
| 3rd Day – | |||||
| Shares Offered or Net Issue |
Subscription is the step where the IPO is open for the public to subscribe. In a book-built offer, the price of the shares is not determined until allotment. For an IPO to be successfully completed, the company is required to attain the minimum subscription level.
Airox Technologies IPO Subscription will open for a period of 3 working days which can be extended to a such period not exceeding 10 days.
Airox Technologies IPO Allotment Status
Allotment of shares is the step succeeding the subscription. Here, the successful allottees receive their equity shares offered in the IPO in their respective Demat Account. The transfer takes place online only, hence every investor applying to the IPO is required to possess a Demat Account.
Airox Technologies IPO Allotment details are not available as of now. The company is in the early stage of launching its IPO and offering shares to the public.
Airox Technologies IPO Live Performance
Fill out on all the information of the Airox Technologies IPO Price and its current performance in the market. Once security is listed on the exchanges, its can be freely traded between traders online. The price fluctuated as per the forces of demand and supply.
Subscribe to Airox Technologies IPO – Open Free Demat Account Now!
Latest Enviro Infra IPO News
On 29th September, Airox Technologies submitted the preliminary papers with SEBI to float its IPO. The public offer consists of shares in the form of an Offer for Sale.
The company is engaged in the business of Oxygen Generation and supply. Apart from that, it also undertakes installation and other related services for its customers.
Airox Technologies – Company Review
The Oxygen Generator Manufacturer Airox Technologies Limited was established in 2012. In its journey of ten years, the company has accomplished engrossing profitability and newer heights with the right set of professionals and technology.
The company is primarily engaged as an oxygen generator, and alongside sells products for industrial oxygen applications.
The COVID-19 outbreak in 2020 led to a disruption in every individual’s life and almost every industry was going through a downturn, Airox Technologies was one of the entities which had a momentous augmentation in its operations. The sudden urgency of oxygen cylinders and the frail healthcare system led to the dash for suppliers.
Products or Services
The recent COVID-19 has helped Airox Technologies to scale up their business to a large level. The company offers products like-
- PSA Oxygen Generators
- Refrigerated Compressed Air Dryer
- AMOG-22
- Oxygen Analyzer & Auto Change Over
- Oxygen Booster
- Hyperbaric Chambers
Airox Technologies currently has 850 oxygen plant installations. The company offers services of installation of Oxygen Generators, and Hyperbaric Chamber.
With a market share of about 50-55%, the company is operating as one of the leaders in the segment as per fiscal 2022.
The company has kept all the necessary quality standard certifications in check to ensure the utmost safety and quality of the products.
Promoters and Holding
The Promoters of Airox Technologies Limited are-
- Sanjay Bharatkumar Jaiswal
- Ashima Sanjay Jaiswal
The management of the company consists of the following on the board and in the role of KMP:
- Sanjay Bharatkumar Jaiswal, in the position of Managing Director
- Ashima Sanjay Jaiswal, in the position of Non-Executive Director
- Janardhan Pralhadrao Gupta, in the position of Independent Director
- Ravi Shivramakrishna Raman, in the position of Independent Director
- Radhamohan Garg, in the position of Chief Financial Officer
- Sankalp Kandi, in the position of Company Secretary and Compliance Officer
- Naveen Sharma, in the position of head of service (pan India) vertical
- Sanjay Wagh, in the position of product development vertical
- Pravin Deshpande, in the position of sales (government and corporate Pan India) vertical
- Mahesh Joshi, in the position of vice president – sales (west)
- Rajesh Kumar Sinha, in the position of vice president – sales (north)
Is Airox Technologies good for Investment?
The medical-grade oxygen generation entity Airox Technologies Limited is in a flourishing state currently. The company is progressing and exploring the various opportunities coming it’s way. The company was highly benefitted from the rising steep demand for oxygen cylinders during 2020-21.
Airox Technologies is a technology-driven entity and incorporate it well in its operations. The company has successfully outshined as one of the leading players as a PSA oxygen generator provider for the fiscal 2021.
With the extensive experience gained from operations of over a decade, the company’s future looks good and growing as of now.
Airox Technologies Financial Statements
| Amount (in INR & Million) | |||
| 31-Mar-2022 | 31-Mar-2021 | 31-Mar-2020 | |
| Assets | 1,466.46 | 635.51 | 635.51 |
| Revenue | 2,297.41 | 732.55 | 172.39 |
| Expense | 1,092.21 | 517.53 | 164.13 |
| Profit After Tax | 900.38 | 158.73 | 7.60 |
We have data from the financial records of Airox Technologies Limited.
The company reported a revenue of Rs 2,297.41 million in the fiscal year 2021-22, which is over 100 percent higher than Rs 732.55 million in the previous year. The company reported a profit after tax of Rs 900.38 million, respectively.
The company’s revenue and profits have jumped significantly in the last three years.
The EPS value has increased from Rs. 0.34 in March 2020 to Rs. 40.34 in March 2022. The company’s progress over the years is truly appreciable in every aspect. Now, we’ll soon see how the public reacts to its IPO.
| Earnings per Equity Share (in Million) | |||
| 31-Mar-2022 | 31-Mar-2021 | 31-Mar-2020 | |
| Basic & Diluted | 40.34 | 7.11 | 0.34 |
Airox Technologies IPO Review
Airox Technologies IPO comprises equity shares aggregating up to Rs. 750 crores to be offered to the public through an Offer for Sale.
The two promoters, Sanjay Bharatkumar Jaiswal and Ashima Sanjay Jaiswal will be selling equity shares of up to Rs. 525 crores and Rs. 225 crores, respectively.
Since the IPO is an OFS, the company will not be receiving any proceeds from the IPO; the promoter selling shareholders will be entitled to it.
As per the objectives of the IPO, the company has proposed the IPO to execute the sale of shares and attain the benefits of listing on the stock exchange.
Airox Technologies IPO Details
Here are few more details you need to know before investing in Airox Technologies IPO –
Airox Technologies IPO Issue Object
- To carry out the Offer for Sale of up to [●] Equity Shares aggregating up to Rs 7,500 million by the Promoter Selling Shareholders; and
- To achieve the benefits of listing the Equity Shares on the Stock Exchanges.
Airox Technologies IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
-
Leading providers of PSA oxygen generators in India;
-
Strong and growing customer base;
-
Modern and automated manufacturing facility with dedicated research and development team;
-
Wide sales and distribution network and strong service network;
-
Experienced management team with strong industry expertise; and
-
Strong financial performance with consistent growth and profitability.
Quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-22 | 40.34 | 83.74 | 48.25 |
| 31-Mar-21 | 7.11 | 89.63 | – |
| Mar-20 | 0.34 | 46.37 | – |
Airox Technologies IPO Lead Managers
Here are the list of Lead managers –
- JM Financial Limited
-
ICICI Securities Limited
Airox Technologies IPO Registrar to offer
Check out the details of the registrar here –
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor,
247 ParkL.B.S. Marg,
Vikhroli West Mumbai 400 083, Maharashtra, India
Tel: + 91 22 4918 6200
E-mail: airox.ipo@linkintime.co.in
Investor Grievance E-mail: lohia.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact Person: Ms. Shanti Gopalkrishnan
SEBI Registration No.: INR000004058
Airox Technologies IPO – Other Details
- Statutory Auditor – Price Waterhouse Chartered Accountants LLP
- Legal Counsel to the Company – Shardul Amarchand Mangaldas & Co
- Bankers to the Company – NA
Airox Technologies IPO Verdict by Stock Brokers
The Airox Technologies IPO is still at an early stage. There are many marks this IPO have to go under. There are no reviews or suggestions from the top stock brokers presently. But we will keep you updated with the information.
Airox Technologies IPO – Conclusion
Airox Technologies IPO is purely an Offer for Sale by the two promoters of the company. There is no Fresh Issue of equity shares in the IPO.
The profits of the company have crossed roofs in the very recent financial years. Their revenue potential too has taken off a good turn. The company is in a good status and its further growth will depend upon the operations and growth prospective.
As an investment, the current position of the company seems all well. We also have to emphasize on the grounds and circumstances under which Airox has shown this immense growth. Investors should thoroughly study the risks and potential of this company before investing from a long-term aspect.
To Subscribe to Airox Technologies IPO – Open Demat Account Now!
Airox Technologies IPO Review FAQs
Check out the FAQs on Airox Technologies IPO –
What is the Issue Size of Airox Technologies IPO?
The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article.
You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Airox Technologies IPO?
The price band for this particular IPO ranges between Rs.NA. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Airox Technologies IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.
What is the Airox Technologies IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO.
Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.
What is the Airox Technologies IPO Listing Date?
Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.
Who is the Registrar of Airox Technologies IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. LINK INTIME INDIA PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Airox Technologies IPO?
Here are the promoters of this IPO – SANJAY BHARATKUMAR JAISWAL AND ASHIMA SANJAY JAISWA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Airox Technologies IPO?
They have obtained the GMP of this IPO and it is Rs. NA Further insights of the Kostak rate and subject to sauda or SS are as well included in this report.
Is Airox Technologies IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years.
You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Airox Technologies Company?
They have the information of company financials, and according to that, they have the figures from the last few years to provide.
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