Inox India IPO Details
Issue Date
14 Dec - 18 Dec'23
Price Range
₹627 - ₹660
Lot Size
22
IPO Size
₹1459.32 Cr
Inox India IPO Listing Details
Listing On
21 Dec'23
Issue Price
₹660
Listed Price
₹ 949.65
Retail Gain/Listing Gain
▲43.89%
Schedule of Inox India IPO
Start date
14/12/2023
End date
18/12/2023
Allotment of bids
Refund Initiation
Listing on exchange
21/12/2023
Inox India IPO Review | About the Company, Issue Details And More
Kotak Securities
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Company Background
Inox India Limited is the largest supplier of cryogenic equipment, and is also the largest exporter of cryogenic tanks from India, in terms of revenue in Fiscal 2023 (Source: CRISIL Report, November 2023). The company has over 30 years of experience offering solutions across design, engineering, manufacturing and installation of equipment and systems for cryogenic conditions, such as tanks and equipment, beverage kegs, industrial gases, liquified natural gas (LNG), green hydrogen and more. Additionally, the company also manufactures a range of cryogenic equipment utilised in global scientific research projects.
Risk Factors
- The business is dependent and will continue to depend on its three manufacturing facilities.
- 11.56% and 46.52% of revenue from operations was derived from their largest customer and top 10 customers.
- An increase in their component or raw material or other input costs may adversely affect the pricing and supply of their products.
Key Strategies
- Capitalise on opportunities in LNG and hydrogen as part of the global clean energy transition.
- Capture the full value chain across their product lines.
- Expanding their large turnkey project business.
Key Financials
Here are the key financials for Inox India Limited:
How to apply for IPO through ASBA
Kotak Securities
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