INOX Air Products Plans for an IPO around $1 billion

By Jagat Joshi
April 1, 2026
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INOX Air Products is thinking about an IPO worth $1 billion and is planning to file draft papers for getting approval within a month. They have selected Kotak, JPMorgan and Citi to manage the IPO, as per the sources.

As per Moneycontrol, INOX Air Products, JPMorgan, and Citi declined to comment, while Kotak did not respond to a Reuters request for comment. Moreover, sources declined to be highlighted as the information is confidential.

The company provides products, technologies, and services to industries including chemical, pharmaceutical, steel, and textiles. It reported revenue of $295 million for the financial year ending March 2025.

India’s industrial gases market was valued at $11 billion in 2023 and is projected to grow to $21 billion by 2030, according to market research firm Grand View Research.

Jagat Joshi

Founder of IPOWatch, brings nearly 15 years of experience in IPO analysis and market research. He provides complete coverage of upcoming IPOs, subscription trends, grey market premiums (GMP), and post-listing performance, along with easy-to-understand reviews, insights, and analysis. In his working journey, he has worked with various platforms and received expertise in stock market analysis and primary markets.

Jagat Joshi

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Disclaimer: This content is provided strictly for educational and informational purposes. The securities or investments mentioned are not to be considered as investment advice or recommendations. The Investors are advised to do their own research or connect with a financial advisor before making any investment decisions.