Inox India IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Dec 20, 2023Let’s have a detailed review of the company and analytics of the Inox India IPO release date, IPO offer price, subscription, Inox India Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 2 |
| Price Band | Rs 627 to Rs 660 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 22 Shares |
| Listing Date | December 21, 2023 |
| Offer for Sale | Rs 1,459.32 Cr. |
| Fresh Issue | Rs 1,459.32 Cr. |
| IPO Size | Rs Cr. |
| Tick Size | 1 |
Inox India IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Inox India Share Price |
Inox India IPO – Summary
They are the largest supplier of cryogenic equipment in India by revenue in Fiscal 2023. They have over 30 years of experience offering solutions across design, engineering, manufacturing and installation of equipment and systems for cryogenic conditions.
Their offering includes standard cryogenic tanks and equipment, beverage kegs, bespoke technology, equipment and solutions as well as large turnkey projects which are used in diverse industries.
The Promoter of this company is PAVAN KUMAR JAIN, NAYANTARA JAIN, SIDDHARTH JAIN AND ISHITA JAIN. The lead manager of the issue is ICICI Securities Limited and Axis Capital Limited, and the Registrar of this issue is KFin Technologies Limited.
Check out Related IPO Links:
Inox India IPO Date
The opening and closing dates of Inox India IPO are December 14, 2023, and December 18, 2023, respectively.
Inox India IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 14th Dec | 0.04x | 4.60x | 3.72x | 2.86x |
| 2nd Day – 15th Dec | 0.17x | 13.75x | 8.22x | 7.11x |
| 3rd Day – 18th Dec | 295.61x | 106.40x | 30.59x | 122.55x |
| Shares Offered or Net Issue | 4,422,191 | 3,316,644 | 7,738,835 | 22,110,955 |
The shares subscribed by the public will be updated here.
Inox India IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Inox India Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | December 19, 2023 |
| Refunds Initiation | December 20, 2023 |
| Credit of Shares to Demat Account | December 20, 2023 |
| Share Listing Date | December 21, 2023 |
Inox India IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs 627 to Rs 660
Inox India IPO Equity Size
This Initial Public Issue of 22,110,955 Equity Shares of Rs.10 each for cash at a price of Rs 627 to Rs 660 per equity share aggregating to Rs.1,459.32 Cr.
Inox India IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 22,110,955 Equity Shares of Rs.10/ each.
Issue Size: 22,110,955 Equity Shares of Rs.10 each, aggregating to Rs.1,459.32 Cr.
Open Free Demat Account Now!
Inox India IPO – Live Performance
The listing date of this IPO is December 21, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Inox India Share Price |
Inox India IPO Grey Market Premium
The Inox India Limited IPO Grey Market Premium price is Rs 550, the Kostak rate is Rs 500 and the Subject to Sauda is Rs 9000.
Inox India IPO – Company Overview
Their Industrial Gas Division designs, manufactures, supplies and installs vacuum-insulated cryogenic storage tanks and systems for the storage, distribution and transportation of industrial gases.
They design and manufacture customized cryogenic storage tanks and systems for their customers’ requirements as well as standard storage tanks in accordance with industry standards. Their storage tank offering includes stationery storage tanks from 1,000 litres to one million litres capacity, portable storage tanks from 1 litre to 1,000 litres capacity and transport tanks and tankers/trailers up to 60,000 litres capacity.
Their product line also includes vaporizers of various types and skid-mounted piping skids for pumping and regasification. They also provide engineering, procurement and construction (“EPC”) services for cryogenic solutions including bulk storage and regasification equipment, typically associated with petrochemical or steel projects.
Inox India IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Million) | |||||
| 30-Sep-23 | 30-Sep-22 | Mar-23 | 31-Mar-22 | 31-Mar-21 | |
| Total Assets | 11,558.07 | 10,018.28 | 11,483.64 | 8,967.53 | 6,872.00 |
| *Total Revenue | 5,799.95 | 4,946.35 | 9,841.99 | 8,037.13 | 6,089.92 |
| Total Expense | 4,438.23 | 3,825.95 | 7,791.50 | 6,295.06 | 4,779.27 |
| Profit After Tax | 1,033.37 | 834.20 | 1,527.14 | 1,304.98 | 961.07 |
Earnings per Equity Share (in Million)
| 30-Sep-23 | 30-Sep-22 | Mar-23 | 31-Mar-22 | 31-Mar-21 | |
| Basic & Diluted | 11.39 | 9.19 | 16.83 | 14.38 | 10.59 |
Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 1,527.14 Million, Rs. 1,304.98 Million and Rs. 961.07 Million respectively.
Inox India IPO – Promoters
The Promoter of this company is:
- PAVAN KUMAR JAIN,
- NAYANTARA JAIN,
- SIDDHARTH JAIN
- ISHITA JAIN
List of Related Parties (Key Managerial Personnel)
- Pavan Kumar Jain, Chairman and Non-Executive Director
- Siddharth Jain, Non-Executive Director (Non-Independent)
- Parag Kulkarni, Executive Director
- Ishita Jain, Non-Executive Director
Inox India IPO – Promoters Holding
- Pre-Issue Share Holding – 99.30%
- Post-Issue Share Holding – 75.46%
Inox CVA IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 22,110,955 Equity Shares aggregating up to Rs.14593.2 Million |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 90,763,500 Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
Inox India IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- To carry out the Offer for Sale of up to 22,110,955 Equity Shares by the Selling Shareholders; and
- To achieve the benefits of listing Equity Shares on the Stock Exchanges
Inox India IPO – Business Strategy
- Capitalize on opportunities in LNG and hydrogen as part of the global clean energy transition
- Capture the full value chain across their product lines
- Expanding their standard cryogenic and non-cryogenic equipment business into international markets
- Expanding their large turnkey project business
Inox India 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 Indian supplier and exporter of cryogenic equipment and equipment
- Large portfolio of specialized cryogenic equipment engineered to global quality standards
- Diversified domestic and international customer base across industry sectors
- Strong product development and engineering focus
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 | 16.83 | 27.79 | 60.54 |
| 31-Mar-22 | 14.38 | 25.98 | – |
| Mar-21 | 10.59 | 25.87 | – |
Inox India IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Millions) | |
| Inox India Limited | 2 | [●] | 16.83 | 27.79 | 9,841.99 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
Inox India IPO Lead Managers
| Lead Managers |
| ICICI Securities Limited
Axis Capital Limited |
Inox CVA IPO Registrar to offer
| Registrar to the Offer |
| KFin Technologies Limited Selenium, Tower-B, Plot 31 & 32, Financial District Nanakramguda, Serilingampally, Hyderabad Rangareddy 500 032, Telangana, India Telephone: +91 40 6716 2222 E-mail: inox.ipo@kfintech.com Investor grievance e-mail: einward.ris@kfintech.com Website: www.kfintech.com Contact person: M. Murali Krishna SEBI Registration No.: INR000000221 |
Inox India IPO – Other Details
- Statutory Auditor – K C Mehta & Co LLP, Chartered Accountants
- Legal Counsel to the Company – Khaitan & Co
- Bankers to the Company – IDBI Bank Limited, IDFC First Bank Limited, HDFC Bank Limited, Standard Chartered Bank etc
Inox India IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
Subscribe to Inox India IPO
Inox India Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Inox India IPO Review FAQs
Check out various FAQs related to Inox India IPO:
What is the Issue Size of Inox India IPO?
The Company is making an initial public offer of 22,110,955 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 Inox CVA IPO?
The price band for this particular IPO ranges between Rs 627 to Rs 660. As far as the face value of the share is concerned, it is Rs. 2 per share.
What is the Inox India IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on December 14, 2023, while the closing date is set at December 18, 2023.
What is the Inox India IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on December 19, 2023, refund initiation is on December 20, 2023, credit of shares is on December 20, 2023, and share listing date is on December 21, 2023.
What is the Inox India IPO Listing Date?
Shares of this company shall be listed in the exchanges on December 21, 2023. The date, when the listing would be done, is stagnant on December 21, 2023.
Who is the Registrar of Inox CVA IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. KFin Technologies Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Inox India IPO?
Here are the promoters of this IPO – PAVAN KUMAR JAIN, NAYANTARA JAIN, SIDDHARTH JAIN AND ISHITA JAIN. 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 Inox India IPO?
They have obtained the GMP of this IPO and it is Rs 550. Further insights into the Kostak rate and subject to sauda or SS are also included in this report.
Is Inox India 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 Inox India Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Million is 1,527.14, 2022 is 1,304.98, and 2021 is 961.07. PAT from Sep 2023 is 1,033.37.
Calculate your return on investment!
Asset Class
ROI (Rs.)
Profit (Rs.)
Profit (%)
IPO
Equity
Savings
Real Estate
Gold
Bonds
Fixed Deposit
Mutual Fund
Featured Topics