Inox India IPO - Everything You Must Know

22 December 2023
4 min read
Inox India IPO - Everything You Must Know
whatsapp
facebook
twitter
linkedin
telegram
copyToClipboard

One of the leading manufacturers of cryogenic storage tanks, Inox India, is about to launch its IPO on 14 December 2023. The much-awaited IPO is expected to boost the overall stock market scenario.

Let’s have a look at Inox IPO details here.

About Inox India Limited (INOXCVA)

The Gujarat-based company, Inox India is a supplier of cryogenic equipment that excels in offering end-to-end solutions for equipment and systems operating in cryogenic conditions. From design to engineering to manufacturing, INOXCVA is a leader that offers a plethora of products and services.

With its 3 primary divisions, i.e. Industrial Gas, LNG, and Cryo Scientific, the company caters to various industries dealing in industrial gases, healthcare, green hydrogen, chemicals, energy, aviation, and more.

Key Things to Know About Inox India IPO

Some of the important things you should know about Inox India IPO are-

IPO Date

14 December, 2023 to 18 December, 2023

Price Band

Rs 627 to Rs 660 per share

Face Value

Rs 2 per share

Lot Size

22 Shares

Total Issue Size

22,110,955 shares

(aggregating up to Rs 1,459.32 Cr)

Offer for Sale

22,110,955 shares of Rs 2

(aggregating up to Rs 1,459.32 Cr)

  • Inox India IPO Date

The Inox India IPO will open for subscription on 14th November 2023 and will close on 18th November 2023.

  • Listing Date

Inox India shares trading will begin on 21 December 2023 as per the schedule.

  • Offer Details

The company is aiming to raise approximately Rs 1,459 crores through the IPO. As per the company-

  • The issue is entirely an offer for sale (OFS) of 2.21 crore shares having a face value of Rs 2 each. Note there is no fresh issue segment in the IPO.
  • Around 50% of the offer is reserved for Qualified Institutional Buyers (QIBs), 35% for Retail Investors, and the remaining 15% is for Non-institutional Investors.
  • Inox India Share Price Band

The price band for Inox India's IPO has been set at Rs 627 to Rs 660 per share.

  • Lot Size

Inox India IPO lot size is 22 shares with a Rs 14,520 application amount. Retail investors can apply up to 13 lots with 286 shares or Rs 188,760 amount.

  • Company Financials

During the financial year ending with 31 March 2023 and 31 March 2022, the revenue of Inox India Limited increased by approx 22.46% and profit after tax (PAT) rose by 17.02% 

Here’s a brief glimpse of the break-up of the Financials of Inox India (in Rs crores)-

Year Ended on

30 Sep 2023

31 March 2023

31 March 2022

31 March 2021

Assets

1,155.81

1,148.36

896.75

687.20

Revenue

580.00

984.20

803.71

608.99

Profit After Tax

103.34

152.71

130.50

96.11

Net Worth

554.24

549.48

502.28

371.51

How to Apply for Inox India IPO on Groww

To apply for Inox India IPO online on Groww, follow the steps mentioned below-

Step 1:  Visit Groww's IPO Page, or if you are a Groww app user, visit the stocks tab, scroll down to view the list of live IPOs and select Inox India Limited IPO.

Step 2: After clicking on Inox India IPO, you will be able to view all the essential details, such as issue size, price, etc. Here, the Red Herring Prospectus (RHP) will also be visible, providing detailed information about the issue. Next, click on ‘Apply’ to proceed.

Step 3:  In the order card, you will see the pre-filled field for the minimum number of shares. Enter the number of shares you wish to buy. Click on ‘Continue’ to proceed further.

Step 4: In the next step, you will be required to verify bids and click on ‘Submit Bid‘.

Step 5: Once you confirm the order, the highest bid amount will be blocked in your account and cannot be used for withdrawal. Note this amount will get unblocked if you do not receive the allotment.

You can check the status of your Inox India IPO application on your Groww account. Note that any modifications/order cancellations will be possible only till the time the IPO is open.

The Bottom Line

With a solid customer base and market standing, Inox India has been a market leader for years. Its IPO is being eyed by millions of investors, given the company’s credibility, futuristic approach and market presence.

You should certainly apply for this IPO only after considering the essential factors such as the company’s objectives, financials, market potential, growth prospects, and of course, the benefits and risks.

Disclaimer: This blog is solely for educational purposes. The securities/investments quoted here are not recommendatory.

To read the RA disclaimer, please click here
Research Analyst - Aakash Baid

Disclaimer

The stocks mentioned in this article are not recommendations. Please conduct your own research and due diligence before investing. Investment in securities market are subject to market risks, read all the related documents carefully before investing. Please read the Risk Disclosure documents carefully before investing in Equity Shares, Derivatives, Mutual fund, and/or other instruments traded on the Stock Exchanges. As investments are subject to market risks and price fluctuation risk, there is no assurance or guarantee that the investment objectives shall be achieved. NBT do not guarantee any assured returns on any investments. Past performance of securities/instruments is not indicative of their future performance.
Do you like this edition?
LEAVE A FEEDBACK
ⓒ 2016-2024 Groww. All rights reserved, Built with in India
MOST POPULAR ON GROWWVERSION - 4.7.4
STOCK MARKET INDICES:  S&P BSE SENSEX |  S&P BSE 100 |  NIFTY 100 |  NIFTY 50 |  NIFTY MIDCAP 100 |  NIFTY BANK |  NIFTY NEXT 50
MUTUAL FUNDS COMPANIES:  GROWWMF |  SBI |  AXIS |  HDFC |  UTI |  NIPPON INDIA |  ICICI PRUDENTIAL |  TATA |  KOTAK MAHINDRA |  DSP |  CANARA ROBECO |  SUNDARAM |  MIRAE ASSET |  BANDHAN |  FRANKLIN TEMPLETON |  PPFAS |  MOTILAL OSWAL |  INVESCO |  EDELWEISS |  ADITYA BIRLA SUN LIFE |  LIC |  HSBC |  NAVI |  QUANTUM |  UNION |  IDBI |  ITI |  MAHINDRA MANULIFE |  360 ONE |  BOI |  TAURUS |  JM FINANCIAL |  PGIM |  SHRIRAM |  BARODA BNP PARIBAS |  QUANT |  WHITEOAK CAPITAL |  TRUST |  SAMCO |  NJ |  BAJAJ