Inox India IPO Date, Review, Price, Allotment Details

Inox India IPO Details: Inox India IPO date is fixed, the IPO is to hit the market on December 14 and will close on December 18. Inox India IPO to raise around ₹1459 crores via IPO that comprises fresh issue of ₹[.] crores and offer for sale up to ₹1459 crores of ₹2 each. The retail quota is 35%, QIB is 50%, and HNI is 15%.
Inox India IPO

Table of Contents

Inox India Limited is one of the largest suppliers 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. The offering includes standard cryogenic tanks and equipment, beverage kegs, bespoke technology, equipment, and solutions as well as large turnkey projects that are used in diverse industries such as industrial gases, liquified natural gas, green hydrogen, energy, steel, medical and healthcare, chemicals and fertilizers, aviation and aerospace, pharmaceuticals and
construction.


Inox India business is comprised of three divisions:

  • Industrial Gas: This division manufactures, supplies, and installs cryogenic tanks and systems for storage, transportation, and distribution of industrial gases such as green hydrogen, oxygen, nitrogen, argon, carbon dioxide (CO2), and hydrogen and provides after-sales services.
  • LNG: This division manufactures, supplies, and installs standard and engineered equipment for LNG storage, distribution, and transportation as well as small-scale LNG infrastructure solutions suitable for industrial, marine, and automotive applications; and
  • Cryo Scientific: This division provides equipment for technology-intensive applications and turnkey solutions for scientific and industrial research involving cryogenic distribution.

The company offers products and services to 66 countries including the United States, Saudi Arabia, the Netherlands, Brazil, Korea, United Arab Emirates, Australia, and Bangladesh. The manufacturing facilities are in Kalol, Kandla Special Economic Zone (Kandla SEZ), and Silvassa in the Union Territory of Dādra and Nagar Haveli.


Objects of the Issue

  • Carry out the Offer for Sale of up to 22,110,955 Equity Shares by the Selling Shareholders; and
  • Achieve the benefits of listing the Equity Shares on the Stock Exchanges. Further, the Company expects that the proposed listing of its Equity Shares will enhance the visibility and brand image as well as provide a public market for the Equity Shares in India. The Selling Shareholders will be entitled to the entire Offer proceeds after deducting the Offer expenses and relevant taxes.

Inox India IPO Review (Apply or Not)

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Brokerage Firm IPO Review

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Inox India IPO Date & Price Band Details

IPO Open:December 14, 2023
IPO Close:December 18, 2023
IPO Size:Approx ₹1459 Crores
Fresh Issue:Approx ₹[.] Crores
Offer for Sale:Approx ₹1459 Crores
Face Value:₹2 Per Equity Share
IPO Price Band:₹627 to ₹660 Per Share
IPO Listing on:BSE & NSE
Retail Quota:35%
QIB Quota:50%
 NII Quota:15%
Discount:N/A
DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:Click Here
Anchor Investors List:Click Here

Inox India IPO Market Lot

The Inox India IPO minimum market lot is 22 shares with ₹14,520 application amount. The retail investors can apply up-to 13 lots with 286 shares or ₹188,760 amount.

ApplicationLot SizeSharesAmount
Retail Minimum122₹14,520
Retail Maximum13286₹188,760
S-HNI Minimum14308₹203,280
B-HNI Minimum691518₹1,001,880

Inox India IPO Allotment & Listing Dates

The Inox India IPO date is December 14 and the close date is December 18. The Inox India IPO allotment will be finalized on 2023 and the IPO listing on 2023.

Anchor Investors Allotment:December 13, 2023
IPO Open Date:December 14, 2023
IPO Close Date:December 18, 2023
Basis of Allotment:December 19, 2023
Refunds:December 20, 2023
Credit to Demat Account:December 20, 2023
IPO Listing Date:December 21, 2023

You can check IPO subscription status and IPO allotment status on their respective pages.

Inox India IPO Form

How to apply for the Inox India IPO? You can apply for Inox India IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Inox India IPO in the Invest section. The other option is you can apply for Inox India IPO via IPO forms downloaded via NSE and BSE. Check out the Inox India forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.


Inox India Company Financial Report

  ₹ in Crores
YearRevenueExpensePAT
2021₹609₹478₹96.11
2022₹804₹630₹130.50
2023₹984₹779₹152.71
2024 6M₹580₹444₹103.34

Inox India IPO Valuation – FY2023

Check Inox India IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Earning Per Share (EPS):₹16.83 per Equity Share
Price/Earning P/E Ratio:N/A
Return on Net Worth (RoNW):27.79%
Net Asset Value (NAV):₹60.54 per Equity Share

Peer Group

  • There are no listed companies in India that engage in a business similar to that of our Company. Accordingly, it is not possible to provide an industry comparison in relation to our Company. Further, there are no Indian listed peers or global listed peers which are of comparable size, from the same industry and with a similar business model as our Company.

Company Promoters

  • Pavan Kumar Jain
  • Nayantara Jain
  • Siddharth Jain
  • Ishita Jain

Inox India IPO Registrar

Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com/ipostatus/

Inox India IPO Allotment Status Check

Check Inox India IPO allotment status on KFintech website allotment URL. Click Here

Inox India IPO Lead Managers aka Merchant Bankers

  • ICICI Securities Limited
  • Axis Capital Limited

Company Address

Inox India Limited
9 th Floor, K P Platina
Racecourse
Vadodara – 390 007
Phone: +91 265 6160100
Email: [email protected]
Website: https://inoxcva.com/

Inox India IPO FAQs

What is Inox India IPO?

Inox India IPO is a main-board IPO. They are going to raise ₹1459 Crores via IPO. The issue is priced at ₹627 to ₹660 pr equity share. The IPO is to be listed on BSE & NSE.

When Inox India IPO will open?

The IPO is to open on December 14, 2023 for QIB, NII, and Retail Investors.

What is Inox India IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the Inox India IPO?

You can apply for Inox India IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Inox India IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Inox India”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Inox India IPO through Upstox?

Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Inox India”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Inox India IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Inox India”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Inox India IPO Size?

Inox India IPO size is ₹1459 crores.

What is Inox India IPO Price Band?

Inox India IPO Price Band is ₹627 to ₹660.

What is the Inox India IPO Allotment Date?

Inox India IPO allotment date is December 19, 2023.

What is the Inox India IPO Listing Date?

Inox India IPO listing date is December 21, 2023. The IPO is to list on BSE and NSE.

Note: The Inox India IPO price band and date are officially announced. The IPO grey market premium (Inox India IPO Premium) will be added to the IPO grey market page as it will start).

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15 Responses

  1. IPO Allotment for INOX INDIA…not received…. Then why payment not revoked till this time 17.34 hrs

          1. I have not allocated.. I need refund right? But still not yet got I am waiting for refund what I want to do for my money refund

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