INOX India Limited IPO: Check IPO Date, Price, Details | Espresso

EspressoLogy

INOX India Limited IPO opens on December 14. Check IPO Details Issue Date Price

December 13, 2023
INOX India Limited IPO opens on December 14. Check IPO Details Issue Date Price

INOX India Limited is coming out with a fresh public issue to raise Rs 1459.32 crores from the market.

Below are the details of the INOX India Limited IPO:

  • Issue opens – December 14 (Thursday)
  • Issue closes – December 18 (Monday)
  • Issue size – Rs 1459.32 crores
  • Price band – Rs 627 to 660 per equity share
  • Bid lot – 22 shares and in multiples thereof

And here are some details of the company and further details on the INOX India Limited IPO.

Company details:

  • Inox India Limited (“Inox India”) was incorporated on December 21, 1976. The part of Inox Group, Inox India is the largest supplier of cryogenic equipment in India by revenue in Fiscal 2023. Inox India has over 30 years of experience offering solutions across design, engineering, manufacturing and installation of equipment and systems for cryogenic conditions. Company’s 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 such as industrial gases, liquified natural gas (“LNG”), green hydrogen, energy, steel, medical and healthcare, chemicals and fertilizers, aviation and aerospace, pharmaceuticals, and construction. In addition, they manufacture a range of cryogenic equipment utilised in global scientific research projects. Also, they were the largest exporter of cryogenic tanks from India in terms of revenue in Fiscal 2023. 
  • Inox India is the 1st Indian company to manufacture a trailer mounted hydrogen transport tank, which was designed jointly with the Indian Space Research Organisation (“ISRO”). Inox India produced and shipped a 238kl liquid hydrogen storage tank for a liquid hydrogen plant in South Korea. They also have recently produced & shipped four 311kl liquid hydrogen storage tanks for another customer in South Korea for the construction of 3 liquid hydrogen plants. 
  • Due to their engineering expertise, quality product offering and customer service, they have developed a reputed brand, INOXCVA, in the cryogenic equipment industry. In the Fiscal 2023 they have 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. 
  • Inox India has 3 manufacturing facilities located at (i) Kalol in Gujarat, (ii) the Kandla Special Economic Zone (“Kandla SEZ”) in Gujarat and (iii) Silvassa in the Union Territory of Dadra and Nagar Haveli. 
  • They provided their equipment and systems to over 1,201 domestic customers and over 228 international customers across the 3 divisions.
  • The company also has built a strong international customer base. Currently they are exporting their products and delivering their services to 66 countries.

Issue Size: Rs. 1459.32 crores

Issue break-up:

  • QIB – 50% of the offer – Rs 729.66 crores
  • NIB – 15% of the offer – Rs 218.90 crores
  • RET – 35% of the offer – Rs 510.76 crores

Listing: BSE and NSE

Registrar: KFIN Technologies Limited

UPI: All Retail & NII bidders' (bids up to Rs. 5,00,000) applications through brokers are compulsorily in UPI Mode.

Note:

  • Application made using third-party UPI or ASBA Bank A/c are liable to be rejected.
  • The UPI Mandate acceptance time for Retail and NII Bidders (bids up to Rs 5,00,000) shall expire at 5 PM on the closing day of the IPO i.e. Monday, December 18, 2023     

Not an Espresso customer, but still want to apply for the INOX India Limited IPO? Become an Espresso customer in just 15 mins* by tapping here and take it from there! (* T&C apply)

Team Espresso
by Team Espresso

We care that you succeed

Bringing readers the latest happenings from the world of Trading and Investments specifically and Finance in general.