Inox India Ltd IPO - Check Issue Date, Price, Lot Size & Details with BlinkX.

Inox India Ltd IPO

Inox India Limited is the largest supplier of cryogenic equipment in India by revenue in Fiscal 2023. The Company has over 30 years of experience offering solutions across design, engineering, manufacturing and installation of equipment and systems for cryogenic conditions. Its 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, green hydrogen, energy, steel, medical and healthcare, chemicals and fertilizers, aviation and aerospace, pharmaceuticals and construction.

Inox India Ltd IPO Details

Total Shares Offered

₹ 2,21,10,955

Offer to Public

2,21,10,955

Retail Max (Shares)

₹ 77,38,834

Pre Issue Promoters Holding

₹ 8,30,58,000

Exchange

BSE

Issue size

₹ 1459.32 Cr

IPO Open Date

Dec 14, 2023

Close Date

Dec 18, 2023

Lot Size

Min Investment

₹ 13,794

Issue Type

Book Building

Listing Date

Dec 21, 2023

Inox India Ltd IPO Dates

Dec 14, 2023

Opening date

Dec 18, 2023

Closing date

Dec 19, 2023

Basis of Allotment

Dec 20, 2023

Initiation of Refunds

Dec 20, 2023

Credit of Shares

Dec 21, 2023

Listing date

Details

Sector	Type
Sector	Packaging
Sub Sector	NA
Issue Type	Book Building

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*
QIB	0x	11055478
NII	0x	3316643
Retail	0x	7738834
Employee	0x	0
Total	0x	22110955

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

11055478

3316643

7738834

22110955

Inox India Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	1,306.00	1,133.34	965.90
EBITDA	347.85	279.47	234.62
PAT	225.08	186.13	156.23
Total Assets	963.90	684.64	689.90
Share Capital	18.15	18.15	18.15
Total Borrowings	264.89	83.35	97.99
Operating Activities (Net Cash)	248.84	203.05	169.33
Investing Activities (Net Cash)	307.40	286.35	293.13
Financing Activities (Net Cash)	264.89	83.35	97.99
Net Cashflow	5.76	4.77	54.78

About Inox India Ltd

INOX India Limited was originally incorporated as a public limited company under the Companies Act, 1956 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 the Company was changed from Baroda Oxygen Limited to INOX India Limited, pursuant to a fresh certificate of incorporation issued by the RoC, recording the change in name on March 23, 1987. Further, the name of the company was changed from INOX India Limited to INOX India Private Limited, upon conversion into a private limited company, and a certificate of incorporation dated May 22, 2015, was issued by the RoC. The name of the Company was subsequently changed to INOX India Limited, upon re-conversion into a public limited company, pursuant to a resolution passed by its Board on May 23, 2022, and a resolution passed by its Shareholders on June 15, 2022. A fresh certificate of incorporation dated July 14, 2022 was issued by the RoC consequent to the reconversion of our Company into a public limited company.

The global cryogenic equipment market was valued at $11.5 billion in 2022, and global cryogenic equipment demand is projected to grow at a 6.9% CAGR from 2023 to reach $16.6 billion by 2028. According to CRISIL Research, the demand for cleaner fuels such as liquified natural gas and hydrogen due to focus on reducing carbon emissions from conventional energy sources will drive the uptake of cryogenic equipment across geographies. At the global level, the top nine companies accounted for approximately 35-48% of the cryogenic equipment market in CY 2022. The Company is amongst the top 10 cryogenic equipment manufacturers in the world by revenue in CY 2022.

Peer Comparison:

No Listed Industry Peers

Inox India Ltd Key Points

Strengths

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.

Risk

The company's business is dependent and will continue to depend on its three manufacturing facilities. The company is subject to certain risks in its manufacturing processes such as the breakdown or failure of equipment and industrial accidents that could lead to interruptions in its business operations, which may, in turn, adversely affect its production schedules, costs and sales and its ability to meet customer demand.

11.56% and 46.52% of revenue from operation was derived from its largest customer and top 10 customers, respectively, for Fiscal 2023. Cancellation by customers or delay or reduction in their orders could have a material adverse effect on its business, results of operations and financial condition.

An increase in its component or raw material costs, or other input costs, may adversely affect the pricing and supply of its products and have an adverse effect on its business, results of operations and financial condition.

Strategy

Capitalize on opportunities in LNG and hydrogen as part of the global clean energy transition.

Capture the full value-chain across its product lines.

Expanding its standard cryogenic and non-cryogenic equipment business into international markets.

Expanding its large turnkey project business.

Continue to improve operational efficiency and productivity.

How To Apply for Inox India Ltd IPO Online?

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From the list of open IPOs, select the IPO you want to invest.

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Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Inox India Ltd IPO?

Inox India Ltd's IPO offers shares for up to 0 It begins on Dec 14, 2023 and ends on Dec 18, 2023.

What is the price of the Inox India Ltd IPO?

The price of Inox India Ltd IPO ranges between ₹627 to ₹660 per share.

What are the open and close dates for the Inox India Ltd IPO?

The Inox India Ltd IPO opens on Dec 14, 2023 and closes on Dec 18, 2023.

When will the Inox India Ltd IPO be allotted?

The allotment for the Inox India Ltd IPO will be finalised on Dec 19, 2023. The shares will be listed on BSE and NSE on Dec 21, 2023.

What is the minimum lot size required for Inox India Ltd IPO?

The minimum lot size for Inox India Ltd IPO is 22 shares, priced between ₹627 to ₹660 per share.

What is the GMP of Inox India Ltd IPO?

The GMP (Grey Market Premium) of Inox India Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Inox India Ltd IPO?

To check the allotment status of Inox India Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Inox India Ltd IPO getting listed?

The Inox India Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Dec 14, 2023, and closes on Dec 18, 2023. The allotment is finalised on Dec 19, 2023.

How do you apply for the Inox India Ltd IPO?

To apply for the Inox India Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.