Inox India Ltd

Packaging

Offer Period :

14th to 12th Dec 2023

Established in 1976, Inox India Limited specializes in manufacturing cryogenic equipment. With three divisions - Industrial Gas, LNG, and Cryo Scientific - it provides solutions for industrial gases, LNG, and cryogenic research. Serving diverse industries, Read more... the company has a global presence with manufacturing facilities in India. The order book as of September 2023 is Rs. 10,366.09 million.Read less

Inox India Ltd IPO Details

IPO Date 14th to 12th Dec 2023 Minimum Investment ₹14520 / 1 Lots
Listing Date 2023-12-21 Maximum Investment ₹188760 / 13 Lots
Face Value ₹2 per share Total Issue Size ₹1459.32 Crores
Price ₹660 to ₹660 per share Fresh Issue ₹0 Crores
Lot Size 1 Lots (22 Shares) Offer For Sale ₹ 1459.32
Listing At BSE, NSE Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 14th to 12th Dec 2023
Listing Date 2023-12-21
Face Value ₹2 per share
Price ₹660 to ₹660 per share
Lot Size 1 Lots (22 Shares)
Listing At BSE, NSE
Employee Discount ₹0 Crores
Minimum Investment ₹14520 / 1 Lots
Maximum Investment ₹188760 / 13 Lots
Total Issue Size ₹1459.32 Crores
Fresh Issue ₹0 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

14th Dec

IPO Starts

18th Dec

IPO Ends

19th Dec

Allotment Date

20th Dec

Initiation of Refund

20th Dec

Credit of Shares to Demat Account

21st Dec

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 91.51 67.67
Public Group 8.49 32.33

Inox India Ltd IPO Reservation

QIB Shares Offered 4422191(20%)
NII (HNI) Shares Offered 3316643(15%)
Retail Shares Offered 7738834(35%)
Anchor Investor Shares Offered 6633287(30%)
Total Shares Offered 22110956
Total Shares With Anchor Investor 22110956

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Inox India Ltd IPO Registrar

KFin Techologies Ltd
Phone Number +91 40 6716 2222
Email Id inox.ipo@kfintech.com
Our Website www.kfintech.com

Inox India Ltd IPO Lead Manager

1. ICICI Securities Ltd

2. Axis Capital Ltd

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Inox India Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Inox India Ltd

1. Leading Indian supplier and exporter of cryogenic equipment and equipment: exports constituted 62.18% and 45.83% of its revenues from operations in the six months ended September 30, 2023 and in Fiscal 2023.

2. Large portfolio of specialized cryogenic equipment engineered to global quality standards: Installed Capacity of 3,100 Equivalent Tank Units (which are cryogenic storage tanks of 10,000 litres), 2.4 million disposable cylinders, 14 certifications from United States, Europe, Australia and other international markets.

3. Diversified domestic and international customer base across industry sectors: 1,201 domestic customers and over 228 international customers.

4. Strong product development and engineering focus: 419 engineers, appoint scientists of varied experience and expertise at our R&D facility.

5. Healthy financial performance to support growth.

6. Its consolidated total income has increased at a CAGR of 27.13% from Rs. 6,089.92 million in Fiscal 2021 to Rs. 9,841.99 million in Fiscal 2023. Its consolidated total income was Rs. 5,799.95 million in the six months ended September 30, 2023.

7. In the six months ended September 30, 2023, and in Fiscal 2023, Fiscal 2022 and Fiscal 2021, its consolidated profit after tax was Rs. 1,033.37 million, Rs. 1,527.14 million, Rs. 1,304.98 million and Rs. 961.07 million.

8. Experienced Promoters, Management Team and Skilled Workforce: Employees: 1,016 as on October 31, 2023; 419 engineers and 144 welders. Pavan Kumar Jain: 30 Years of Experience, Siddharth Jain: 18 years of experience, Parag Kulkarni: 30 Years of Experience, Deepak Acharya: 30 Years of Experience.

Risks Involved

1. The company's business is dependent and will continue to depend on its three manufacturing facilities. The company is subject to certain risks in its manufacturing processes such as the breakdown or failure of equipment and industrial accidents that could lead to interruptions in its business operations, which may, in turn, adversely affect its production schedules, costs and sales and its ability to meet customer demand.

2. 11.56% and 46.52% of revenue from operation was derived from its largest customer and top 10 customers, respectively, for Fiscal 2023. Cancellation by customers or delay or reduction in their orders could have a material adverse effect on its business, results of operations and financial condition.

3. An increase in its component or raw material costs, or other input costs, may adversely affect the pricing and supply of its products and have an adverse effect on its business, results of operations and financial condition.

4. The contracts in its Order Book may be adjusted, cancelled or suspended by its customers and, therefore the company's Order Book is not necessarily indicative of its future revenues or profit.

5. Cryogen leakage from equipment poses health hazards and its products face inherent risk due high pressures and low temperatures at which many of its cryogenic products are use and the inherent risks associated with concentrated industrial and hydrocarbon gases.

6. Its manufacturing facilities are located in Gujarat and in in the Union Territory of Dadra and Nagar Haveli exposing it to regulatory and other geography specific risks such as labour unrests, other acts of violence and occurrence of natural and man-made disasters.

7. The Company does not own the name "INOX" and its inability to comply with the terms and conditions of the Name License Agreement and subsequent termination thereof may adversely impact its business, results of operations and financial condition.

8. Its exports constituted 62.18% and 45.83% of its revenues from operations in the six months ended September 30, 2023 and in Fiscal 2023, respectively. A slowdown in its exports due to tariffs and trade barriers and international sanctions could adversely affect the company's business, results of operations and financial condition.

9. Its may be subject to labour unrest, slowdowns and increased wage costs, which may adversely affect its business, results of operations and financial condition.

10. Certain of its members of the company's Promoter Group have not consented to the inclusion of, nor have they provided, information or any confirmations or undertakings pertaining to themselves, which are required to be disclosed in relation to Promoter Group under the SEBI ICDR Regulations in the Draft Red Herring Prospectus, this Red Herring Prospectus and the Prospectus. Consequently, its cannot assure you that the disclosures relating to such members of its Promoter Group are complete or up-to-date.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
  2024 2023 2022
Total Assets 1198.86 1147.81 896.75
Total Liabilities 1198.86 1147.81 896.75
Total Expenses 904.71 779.15 629.51
Total Revenue 
1162.49 986.08 803.71
Profit After Tax 196 154.74 130.5
EBITDA 281.59 224.54 188.63
Adjusted EBITDA 0 0 0

Inox India Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2023-12-21 544046 INOXINDIA
INE616N01034
₹660 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹660 ₹660
Open ₹933.15 ₹949.65
Low ₹855.2 ₹855.1
High ₹990 ₹990
Low ₹855.2 ₹855.1

Frequently Asked Questions

What is Inox India Ltd IPO?

Answer Field

Inox India Ltd IPO is a Mainboard IPO of 2,21,10,956 equity shares of a face value of ₹2 aggregating up to ₹1459.32 Crores. The issue is priced at ₹660 to ₹660 per share. The minimum order quantity is 22 Shares. The IPO opens on December 14, 2023, and closes on December 18, 2023. KFin Techologies Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When Inox India Ltd IPO will open?

Answer Field

The Inox India Ltd IPO opens on December 14, 2023 and closes on December 18, 2023.

What is the lot size of Inox India Ltd?

Answer Field

Inox India Ltd lot size is 22 shares, and the minimum amount required is ₹14,520.

How to apply for Inox India Ltd IPO?

Answer Field

You can apply in Inox India Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Inox India Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Inox India Ltd IPO will be done on December 19, 2023, and the allotted shares will be credited to your demat account by December 20, 2023.

When is Inox India Ltd IPO listing date?

Answer Field

The Inox India Ltd listing date is December 21, 2023.

Who is the registrar of Inox India Ltd IPO?

Answer Field

The registrar of Inox India Ltd IPO is KFin Techologies Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

ICICI Securities Ltd,Axis Capital Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Inox India Ltd IPO?

Answer Field

The fresh issue size is ₹[-] Crores equity shares.

What minimum lot size can retail subscribers subscribe to Inox India Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 22 shares and ₹14,520 amount.

How can I approve the UPI mandate request for Inox India Ltd IPO?

Answer Field

To apply for Inox India Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Inox India Ltd?

Answer Field

The price of each Inox India Ltd share will be ranging in between ₹660 to ₹660 per share.

What is the cut-off time for the UPI mandate for Inox India Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, December 18, 2023.

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