Inox CVA IPO

Inox India Limited

₹13,794 /22 sharesMinimum Investment

Inox CVA IPO Listing DetailsListed OnIssue PriceListing PriceListing Gains
BSE & NSE₹660.00₹949.00₹289.00 (43.79%)
Inox CVA IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
14 Dec ‘23 - 18 Dec ‘23₹13,79422₹627 - ₹660
Issue SizeIPO Doc
1459.32CrRHP PDF
Subscription rate
Qualified Institutional Buyers147.8x
Non-Institutional Investor53.08x
Retail Individual Investor15.04x
Employees0x
Total61.12x
About the company
Inox CVA is engaged in the cryogenic equipment sector. The company specializes in a wide array of products, including cryogenic tanks and equipment, beverage kegs, bespoke technology, equipment and solutions, and more. Catering to diverse industries such as LNG, green hydrogen, energy, medical, and aerospace, Inox CVA is India's largest supplier and exporter of cryogenic equipment.
Their global footprint extends to over 66 countries, serving a vast range of clients across various sectors. The company operates through 3 dedicated divisions—Industrial Gas, LNG, and Cryo Scientific—each providing specialized solutions to different market segments. Their manufacturing facilities are located in Gujarat, Dādra and Nagar Haveli, and have ISO certifications.;Founded in
1976
Managing director
Mr. Amit Advani
Parent organisation
Inox India Limited
Strength and risksStrengths
Risks
Inox CVA was the largest supplier of cryogenic equipment in India by revenue in 2023.
Inox CVA is the first Indian company to manufacture a trailer-mounted hydrogen transport tank in collaboration with the Indian Space Research Organisation (ISRO).
They successfully supplied a 238kl liquid hydrogen storage tank for a South Korean plant and recently dispatched four 311kl liquid hydrogen storage tanks for the development of three additional plants in South Korea.
In the last three years, Inox CVA has delivered its equipment and systems to a total of 1,255 domestic clients and 254 international clients across its three distinct divisions.
They have developed unique products like LNG vehicle fuel tanks, marine inland waterway barge tanks, and ultra-low temperature vapour freezers for biological products. 
They provide custom-engineered solutions tailored to individual customer requirements. This includes unique projects like cryogenic tanks for LNG bunker barges and disposable cylinders that meet specific international standards.
Inox CVA has developed systems for cryogenic storage and handling, particularly in challenging fields like space research and cryogenic propulsion systems. They have been involved in projects, such as the ITER nuclear fusion research.
Their products are manufactured in compliance with various international standards, including ASME, EN 13458, and ISO 3824-Part 2. 
Exporting to 66 countries, Inox CVA has established a significant international footprint. 
Financials
*All values are in Rs. Cr
No Graph Data To Display
Application detailsApply asPrice bandApply upto
Regular₹627 - 660₹2 Lakh
High Networth Individual₹627 - 660₹2 - 5 Lakh
For Inox CVA IPO, eligible investors can apply as Regular.

Listed On	Issue Price	Listing Price	Listing Gains
BSE & NSE	₹660.00	₹949.00	₹289.00 (43.79%)

Bidding Dates	Min. Investment	Lot Size	Price Range
14 Dec ‘23 - 18 Dec ‘23	₹13,794	22	₹627 - ₹660

Issue Size	IPO Doc
1459.32Cr	RHP PDF

Apply as	Price band	Apply upto
Regular	₹627 - 660	₹2 Lakh
High Networth Individual	₹627 - 660	₹2 - 5 Lakh

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Bengaluru – 560103
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Qualified Institutional Buyers	147.8x
Non-Institutional Investor	53.08x
Retail Individual Investor	15.04x
Employees	0x
Total	61.12x