Inox India Ltd
Price Range
₹627 - ₹660
Min. Quantity
22
Closes on
18 December 2023
Min. investment
₹14,520/286 Shares
Inox India Ltd IPO Timeline
Inox India Limited was originally incorporated as a Public Limited Company with the name 'Baroda Oxygen Limited' at Gujarat, pursuant to a Certificate of Incorporation dated December 21, 1976, issued by the RoC and received a Certificate of Commencement of Business from the RoC on April 18, 1979. Subsequently, the name of Company was changed from 'Baroda Oxygen Limited' to 'INOX India Limited', issued by the RoC, on March 23, 1987. Further, the name changed from 'INOX India Limited' to 'INOX India Private Limited', on conversion to a Private Limited Company dated May 22, 2015. The name of Company was subsequently changed to 'INOX India Limited', upon re-conversion into a Public Company and a fresh Certificate of Incorporation dated July 14, 2022 was issued by the RoC.
| Event | Date |
|---|---|
| Inox India Ltd IPO Opening Date | 14 December 2023 |
| Inox India Ltd IPO Closing Date | 18 December 2023 |
| Basis of Allotment | 19 December 2023 |
| Initiation of Refunds | 20 December 2023 |
| Credit of Shares to Demat | 20 December 2023 |
| Inox India Ltd IPO Listing Date | 21 December 2023 |
Inox India Ltd IPO Details
| Inox India Ltd IPO Date | 14 December 2023 to 18 December 2023 |
| Inox India Ltd IPO Face Value | ₹2 per share |
| Inox India Ltd IPO Price | ₹627 to ₹660 per share |
| Inox India Ltd IPO Lot Size | 22 |
| Issue Size | Shares of ₹2 (aggregating up to ₹1,459.32 Cr) |
| Fresh Issue | Shares of ₹2 (aggregating up to ₹0 Cr) |
| Offer for Sale | Shares of ₹2 (aggregating up to ₹1,459.32 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 44,22,191 of the Net Offer |
| Retail Shares Offered | Not less than 77,38,835 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 33,16,644 of the Net Offer |
| Company Promoters | Pavan Kumar Jain, Nayantara Jain, Siddharth Jain |
Inox India Ltd IPO Lot Size
The Inox India Ltd IPO lot size is 22 shares. A retail-individual investor can apply for up to 13 lots (286 shares or ₹1,88,760).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 22 | ₹14,520 |
| Maximum | 13 | 286 | ₹1,88,760 |
- Strengths
- Risks
- Opportunities
- Leading Indian supplier and exporter of cryogenic equipment and equipment: exports constituted 62.18% and 45.83% of its revenues from operations in the six months ended September 30, 2023 and in Fiscal 2023.
- Large portfolio of specialized cryogenic equipment engineered to global quality standards: 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.
- Diversified domestic and international customer base across industry sectors: 1,201 domestic customers and over 228 international customers.
- Strong product development and engineering focus: 419 engineers, appoint scientists of varied experience and expertise at our R&D facility.
- Healthy financial performance to support growth.
- Its consolidated total income has increased at a CAGR of 27.13% from Rs. 6,089.92 million in Fiscal 2021 to Rs. 9,841.99 million in Fiscal 2023. Its consolidated total income was Rs. 5,799.95 million in the six months ended September 30, 2023.
- In the six months ended September 30, 2023, and in Fiscal 2023, Fiscal 2022 and Fiscal 2021, its consolidated profit after tax was Rs. 1,033.37 million, Rs. 1,527.14 million, Rs. 1,304.98 million and Rs. 961.07 million.
- Experienced Promoters, Management Team and Skilled Workforce: Employees: 1,016 as on October 31, 2023; 419 engineers and 144 welders. Pavan Kumar Jain: 30 Years of Experience, Siddharth Jain: 18 years of experience, Parag Kulkarni: 30 Years of Experience, Deepak Acharya: 30 Years of Experience.
Company Financials
Inox India Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 1,219.52 | 1,116.85 | 186.13 |
| 03-2023 | 1,153.69 | 969.52 | 156.23 |
| 03-2022 | 920.44 | 797.42 | 128.32 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Listing of the Equity Shares on the Stock Exchanges
Inox India Ltd IPO Promoter Holding
| Pre Issue Share Holding | 21.93% |
| Post Issue Share Holding | - |
Inox India Ltd IPO Subscription Status (Bidding Detail)
The Inox India Ltd IPO is subscribed 61.28 times on 18 December 2023 05:00:00 PM. The public issue subscribed 15.3 times in the retail category, 147.8 times in the QIB category, and 53.2 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 147.8 | 53.2 | 15.3 | - | 61.28 |
Inox India Ltd IPO Prospectus
Inox India Ltd IPO Listing Date
| Listing Date | 21 December 2023 |
| BSE Script | 544046 |
| NSE Symbol | INOXINDIA |
| Listing In | BSE, NSE |
| ISIN | INE616N01034 |
| IPO Price | ₹660 |
| Face Value | ₹2 |
Company Contact Information
9th FloorK P Platina Racecourse,Vadodara-390007
Phone: +91 265 6160100
Email: secretarial.in@inoxcva.com
Website: www.inoxcva.com
Inox India Ltd IPO Registrar
Inox India Ltd IPO Lead Manager(s)
- ICICI Securities Ltd
- Axis Capital Ltd
FAQ
What is the issue size of Inox India Ltd IPO?
I have pre-applied for Inox India Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.