IPO Deliver

Inox India IPO Dates, Price band, Rating, and allotment Details 2023

inox india logo

Inox India IPO is to hit Dalal Street on December 14, 2023, and close on December 18, 2023. Through this public offer, the company wants to raise Rs. 1459.32 Crore from the primary market, The Company fixed the price band of Rs. 627-660 with a minimum lot of 22 shares and listed on December 21, according to the preliminary papers filed to the capital market regulator SEBI.

About Inox India  Company

Inox India (1976) is engaged in the business of cryogenic equipment, offering solutions across design, engineering, manufacturing, installation of equipment, and system of cryogenic conditions, beverages kegs, bespoke tech, etc. 

  • The company has three manufacturing facilities two in Gujarat and one in Dadra and Nagar Haveli.
  • The company has three divisions 1. Industrial gas 2. Liquefied Natural gas 3. Cryo scientific.
  • As at September 30, 2023, the company has an order book of over 10,000 million.
  • The company exports its products to the US, Norway, Saudi Arabia, Japan, etc. and more than 60% of revenue comes from export sales recently. 

Inox India IPO Object

The objects of which the net proceeds from the issue shall be utilized are as follows:

  1. By selling shareholders 
  2. Offer related expenses 

Suraj Estate Developer’s Strength

  1. Leading Indian supplier and exporter of cryogenic equipment and solutions 
  2. Strong product development and engineering focus
  3. Healthy financial performance to support growth
  4. Strong knowledge and expertise of company promoters

Inox India IPO Review & Rating

Issue Size (Rs.) 1459.32 crore
Issue Price (Rs.) 627-660 per share 
Minimum Lot Size 22 shares
Total Profit (March 2023) (Rs.) 152.71 crore
P/E (%) 39.22
NAV (Rs.) 60.54
Listing on BSE and NSE
IPO Deliver Rating Five

Inox India  IPO Dates, Price Band & Details

Inox India IPO will open on December 14, 2023, and close on December 18, 2023. The IPO list on December 21, 2023.  

Type of issue Book Built Issue IPO
Issue Size (Rs.)             1459.32 crore
Face Value (Rs.) 10/- per share
IPO Open Date December 14, 2023
IPO Close Date December 18, 2023
IPO Allotment Date December 19, 2023
Refund Date December 20, 2023
Share Credit Date December 20, 2023
Listing Date December 21, 2023

Inox India  IPO Offer

Inox India  IPO’s total issue size is 22,110,955 shares, comprising the below-mentioned categories. 

Offer Category Shares Offer Amount (Rs.)
Fresh Issue       –
Offer for Sale (OFS) 22,110,955 1459.32 Crore

Inox India  Financials Review (crore)

The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.

Category (Rs.) March 31, 2023 March 31, 2022 March 31, 2021
Total Revenue 984.20 803.71 608.99
Net Worth 549.48 502.28 371.51
Profit 152.71 130.50 96.11
Borrowings 31.03 43.38 60.37

Inox India  IPO Quantitative Factors

The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.

Category March 31, 2023 March 31, 2022 March 31, 2021
EPS (Rs.) 16.83 14.38 10.59
RoNW (%) 27.79 25.98 25.87
NAV (Rs.) 60.54

Inox India  IPO Peer Comparison (Top 2)

There are no listed companies in India that are comparable in all aspects of the business. 

Company Names EPS (Rs.) RoNW (%) NAV (Rs.)

Inox India  Company Promoters 

As per the DRHP and RHP, the company has four promoters. 

Serial No. Name
01. Pavan Kuma Jain
02. Nayantara Jain
03. Siddharth Jain
04. Ishita Jain

Inox India  Pre-offer and Post-Offer Promoters Shareholding 

Promoter and promoter group Shareholding Percentage (%)
Pre-Issue  99.30
Post- Issue 75.46

Inox India  IPO Reservation

Inox India  IPO total reservation shares are distributed between the below-mentioned categories. 

Category No. of Shares
QIB Share Offered Not more than 50% of the issue size
RII Share Offered Not less than 35% of the issue size
NII Share Offered Not less than 15% of the issue size

Inox India  IPO – Market Lot Size

An individual investor can apply for a minimum of 1 lot of 22 Shares and a maximum of 13 lots of 286 shares. Market lot sizes for retail investors are as follows:

Application Lot Size No. of Shares Amount (Rs.)
Retail Minimum 01 22 14,520
Retail Maximum 13 286 1,88,760

Inox India  IPO – Prospectus

An investor can download/view the Inox India prospectus copy, which the company filed to SEBI, details are as follows

Inox India  IPO Prospectus Download/View Links
Draft Red Herring Prospectus (DRHP) Click here
Red Herring Prospectus (RHP) Click here

Inox India  IPO Registrar 

Kfin Technologies Limited 

Tel No.: +91-4067 162222

E-Mail: inox.ipo@kfintech.com

Website: www.kfintech.com

Inox India  IPO lead manager

#1. ICICI Securities Limited

#2. Axis Capital Limited 

Inox India  IPO Application (How to Apply for an IPO)

There are four primary options for applying for an Inox India  IPO, details are as follows: 

Option-1 Apply for IPO through Internet Banking

Step-1. Log into your bank account.

Step-2. In the invest Tab, you will see ASBA, click on it.

Step-3. Choose to apply for IPO and select the ongoing IPO “Inox India  Limited

Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment. 

Step-5. After the above steps, the respective amount will get blocked till the allotment date, and after it will get a refund/debited in case of rejection/allotment respectively. 

Option-2 Apply for IPO through a Broker firm

Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)

Step-2. Click on the IPO tab and select the ongoing IPO “Inox India  Limited

Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.

Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your account or refunded in case no allotment is made to you. 

Option-3 Apply for IPO Offline Mode Bank mode

Step-1. Visit the nearest branch of your bank.

Step-2. Fill out the ASBA form and submit it with KYC details. 

Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your bank account or refunded in case no allotment is made to you. 

Option – 4 Apply for IPO through Stock Exchanges

NSE Form – Click to download

BSE Form – Click to download 

Submit the form with your bank/broker. 

Inox India  Company Details

Inox India Limited 

Registered Office: 9th Floor, KP Platina, Race Course, Vadodara- 390007, Gujarat, India

Tel. No: +91-265 6160100

Email: secretarial.in@inoxcva.com

Website: www.inoxcva.com

Investor Grievances/Compliance Officer: Kamlesh Shinde

Inox India  Subsidiary Companies (Top 2)

Serial No. Name of Companies
01.
02.

Inox India  Company Board (Top 2)

Serial No. Name of Directors
01. Pavan Kuma Jain
02. Nayantara Jain

Inox India  IPO – Frequently Asked Questions (FAQ’s)

Q-1 What is Inox India  IPO?

Ans: Inox India brings its IPO of Rs. 1459.32 crores, on December 14, 2023, with a price band of Rs. 627-660 per share. 

Q-2 What is the Inox India  IPO Open date?

Ans: Inox India  IPO’s opening date is December 14, 2023.

Q-3 What is the Inox India  IPO Close Date?

Ans: Inox India  IPO’s closing date is December 18, 2023.

Q-4 What is the Inox India  IPO Listing date?

Ans: Inox India  IPO listing date is December 21, 2023.

Q-5 What is the Inox India  IPO Minimum investment amount?

Ans: Inox India  IPO minimum investment amount is Rs. 14,520.

Q-6 What is the Inox India  IPO offer issue Size?

Ans: Inox India offers an issue size of Rs. 1459.32 crores.

Q-7 What is the Inox India  IPO Price Band?

Ans: Inox India’s IPO price band is Rs. 627-660  per share.

Q-8 Is Inox India  IPO mainboard IPO or SME IPO?

Ans: Inox India  IPO is a Mainboard IPO.

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