INOX India IPO Description – INOX India stands out as a significant producer of cryogenic apparatus, holding a prime position among the global leaders in cryogenic tank manufacturing based on revenues in the year 2021. With a history spanning more than three decades, the company specializes in providing comprehensive solutions encompassing the design, engineering, manufacturing, and installation of equipment and systems tailored for cryogenic environments.
The company’s offerings encompass a range of products, including standard cryogenic tanks, beverage kegs, custom technology, equipment, and tailored solutions. Additionally, they undertake substantial turnkey projects utilized across a variety of industries. These sectors include industrial gases, liquefied natural gas (LNG), green hydrogen, energy, steel, medical and healthcare, chemicals and fertilizers, aviation and aerospace, pharmaceuticals, and construction.
INOX India maintains a diverse clientele spanning various industries and geographical regions. In the fiscal years 2023, 2022, and 2021, the company supplied its equipment and systems to a total of 1,201 domestic customers and 228 international customers across the three divisions.
The company operates three manufacturing facilities situated in Kalol, Gujarat, the Kandla Special Economic Zone (Kandla SEZ) in Gujarat, and Silvassa in the Union Territory of Dādra and Nagar Haveli. In the fiscal years 2023, 2022, and 2021, its installed capacity for cryogenic tanks and related items stood at 3,100, 3,100, and 2,200 Equivalent Tank Units (representing cryogenic storage tanks of 10,000 liters), respectively. Additionally, the company produced 2.4 million, 2.4 million, and 1.4 million disposable cylinders in the same respective years.
Promoters of INOX India – Pavan Kumar Jain, Nayantara Jain, Siddharth Jain, and Ishita Jain
INOX India IPO Details
| INOX India IPO Dates | 14 – 18 December 2023 |
| INOX India IPO Price | INR 627 – 660 per share |
| Fresh issue | NIL |
| Offer For Sale | 22,110,955 shares (INR 1,386.36 – 1,459.32 crore) |
| Total IPO size | 22,110,955 shares (INR 1,386.36 – 1,459.32 crore) |
| Minimum bid (lot size) | 22 shares (INR 14,520) |
| Face Value | INR 2 per share |
| Retail Allocation | 35% |
| Listing On | BSE, NSE |
INOX India Financial Performance
| FY 2021 | FY 2022 | FY 2023 | H1 FY 2024 | |
| Revenue | 593.80 | 782.71 | 965.90 | 564.61 |
| Expenses | 477.93 | 629.51 | 779.15 | 443.82 |
| Net income | 96.11 | 130.50 | 152.71 | 103.34 |
| Margin (%) | 16.19 | 16.67 | 15.81 | 18.30 |
INOX India Offer News
INOX India Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 10.59 | 14.38 | 16.83 |
| PE ratio | – | – | 37.25 – 39.22 |
| RONW (%) | 25.87 | 25.98 | 27.79 |
| NAV | 40.93 | 55.34 | 60.54 |
| ROCE (%) | 35.15 | 33.70 | 36.53 |
| EBITDA (%) | 24.58 | 23.47 | 22.62 |
| Debt/Equity | (43.42) | (52.89) | (54.87) |
INOX India IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 20 December 2023 | 520 | 500 | 8,700 |
| 19 December 2023 | 540 | 550 | 9,000 |
| 18 December 2023 | 530 | 550 | 9,000 |
| 16 December 2023 | 490 | 550 | 8,200 |
| 15 December 2023 | 450 | 550 | 7,000 |
| 14 December 2023 | 425 | 550 | 6,500 |
| 13 December 2023 | 300 | 500 | 5,200 |
| 12 December 2023 | 250 | – | 4,500 |
INOX India IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 4,422,191 | 33,16,644 | 77,38,835 | 1,54,77,670 |
| 18 Dec 2023 | 147.80 | 52.97 | 14.82 | 60.99 |
| 15 Dec 2023 | 0.40 | 13.75 | 8.17 | 7.14 |
| 14 Dec 2023 | 0.04 | 4.57 | 3.61 | 2.79 |
INOX India IPO Allotment Status
INOX India IPO allotment status is now available on the KFin Tech website. Click on this link to get allotment status.
INOX India IPO Dates & Listing Performance
| INOX India IPO Opening Date | 14 December 2023 |
| INOX India IPO Closing Date | 18 December 2023 |
| Finalization of Basis of Allotment | 19 December 2023 |
| Initiation of refunds | 20 December 2023 |
| Transfer of shares to demat accounts | 20 December 2023 |
| INOX India IPO Listing Date | 21 December 2023 |
| Opening Price on NSE | INR 949.65 per share (up 43.89%) |
| Closing Price on NSE | INR 939.95 per share (up 42.42%) |
INOX India IPO Reviews – Subscribe or Avoid?
Angel One –
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Ashika Research – Not Rated
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ICICIdirect –
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INOX India Offer Lead Manager
ICICI SECURITIES LIMITED
ICICI Venture House, Appasaheb Marathe Marg
Prabhadevi, Mumbai 400 025, Maharashtra
Phone: +91 22 6807 7100
Email: [email protected]
Website: www.icicisecurities.com
INOX India Offer Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222
E-mail: [email protected]
Website: www.kfintech.com
INOX India Contact Details
INOX INDIA LIMITED
9th Floor, K P Platina, Racecourse,
Vadodara – 390 007, Gujarat, India
Phone: +91 265 6160100
Email: [email protected]
Website: www.inoxcva.com
INOX India IPO FAQs
How many shares in INOX India IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply in INOX India Public Offer?
The best way to apply in INOX India public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is INOX India IPO GMP today?
INOX India IPO GMP today is INR 520 per share.
What is the INOX India kostak rate today?
INOX India kostak rate today is INR 500 per application.
What is INOX India Subject to Sauda rate today?
INOX India Subject to Sauda rate today is INR 8,700 per application.
