INOX India IPO Price, GMP, Details, Date, Allotment 2023

INOX India IPO description – INOX India Limited is coming up with its Initial public offering. The IPO will be open for subscription on 14 December, 2023

 

 

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 IPO – Date Schedule

 

IPO Opening Date 14 December 2023
IPO Closing Date 18 December 2023
Finalization of Basis of Allotment 19 December 2023
Refunds Initiation 20 December 2023
Transfer of shares to demat accounts 20 December 2023
Date of IPO Listing 21 December 2023

 

INOX India IPO- About Company 

 

INOX India Limited stands out as a prominent producer of cryogenic equipment, offering comprehensive solutions for systems designed to function in cryogenic environments. The company excels in various aspects, encompassing design, engineering, manufacturing, and installation.

The company operates through three distinct divisions: Industrial Gas, LNG, and Cryo Scientific. Its product range spans standard cryogenic tanks, beverage kegs, customized technology, equipment, and solutions, along with the execution of extensive turnkey projects across diverse industries.

Noteworthy is their contribution to global scientific research projects through the manufacture of a diverse range of cryogenic equipment. In Fiscal 2022, Inox India Limited achieved the status of being the leading exporter of cryogenic tanks from India in terms of revenue.

A significant milestone was reached when the company successfully produced and delivered a 238 kl liquid hydrogen storage tank for a plant in South Korea dedicated to liquid hydrogen.

As of September 2023, Inox India Limited has expanded its global footprint by exporting products and providing services to 66 countries. This international reach extends to key regions such as the United States, Saudi Arabia, the Netherlands, Brazil, Korea, the United Arab Emirates, Australia, and Bangladesh.

The company’s manufacturing facilities are strategically located in Kalol, Kandla Special Economic Zone (Kandla SEZ), and Silvassa in the Union Territory of Dādra and Nagar Haveli. Notably, as of September 2023, Inox India Limited’s order book stands at ₹10,366.09 million, reflecting a robust and promising business outlook.

 

INOX India IPO Price, GMP, Details, Date, Allotment 2023
INOX India IPO Price, GMP, Details, Date, Allotment 2023

 

INOX India IPO- Industry Overview 

 

According to the CRISIL Report, the global cryogenic equipment market was valued at US$11.5 billion in calendar year 2022. Global cryogenic equipment demand recorded a CAGR of 2.6% between calendar year 2017 and calendar year 2022. Demand saw a dip during the Covid-19 period of calendar years 2020 and 2021, declining 187 at a CAGR of 1.2% between calendar years 2019 and 2021, as economic activity slowed down. However, in calendar year 2022, demand surpassed pre-Covid-19 levels marginally.

 

The global cryogenic equipment demand is projected to grow at CAGR of 6.9% from calendar year 2023 to calendar year 2028, according to the CRISIL Report. Demand for cleaner fuels, such as LNG and hydrogen, as a result of the aim to reduce carbon emissions from conventional energy sources, will drive the uptake of cryogenic equipment across geographies. Additionally, the increase in industrialization in developing nations in Asia Pacific is expected to boost demand for industrial gases in segment such as electronics, space and satellite and, in turn, increase demand for cryogenic equipment. 

 

Metallurgy is the largest demand segment for cryogenic equipment, valued at US$2.8 billion in calendar year 2022, accounted for a 24% share of overall demand in calendar year 2022. Between calendar 2023 and calendar year 2028, demand for cryogenic equipment from the energy and power industry is expected to grow at a CAGR of 7.7% CAGR.

 

INOX India Financial Performance

 

FY 2022 FY 2023 H1 FY 2024
Revenue 782.71 965.90 564.61
Expenses 629.51 779.15 443.82
Net income 130.50 152.71 103.34
Margin (%) 16.67 15.81 18.30

Figures in INR Crores

 

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 Prospectus

 

INOX India IPO -Competitive Strengths

  • Leading Indian supplier and exporter of cryogenic equipment and solutions.
  • Large portfolio of specialized cryogenic equipment engineered to global quality standards.
  • Diversified domestic and international customer base across industry sectors.
  • Strong product development and engineering focus.
  • Healthy financial performance to support growth.
  • Experienced Promoters, Management Team and Skilled Workforce.

 

Object Of The Issue

  • Achieve the benefits of listing the Equity Shares on the Stock Exchanges. Further, the Company expects that the proposed listing of its Equity Shares will enhance the visibility and brand image as well as provide a public market for the Equity Shares in India. The Selling Shareholders will be entitled to the entire Offer proceeds after deducting the Offer expenses and relevant taxes.
  • Carry out the Offer for Sale of up to 22,110,955 Equity Shares by the Selling Shareholders.

 

INOX India IPO GMP Today

 

Date IPO GMP Kostak Subject to Sauda
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

 

INOX India IPO Allotment Status

INOX India IPO allotment status will be available on the KFin Tech website. Click on this link to get allotment status.

INOX India IPO – Lots Size & Price

 

Application Lots Shares Amount
Retail (Minimum) 1 22 14,520
Retail (Maximum) 13 286 1,88,760
S-HNI (Minimum) 14 308 2,03,280
S-HNI (Maximum) 68 1,496 9,87,360
B-HNI (Maximum) 69 1,518 10,01,880

 

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Disclaimer – The content presented here is intended solely for analytical and educational purposes. If you consider investing, it is strongly advised to conduct your own thorough research. We do not endorse or recommend any specific stocks or initial public offerings (IPOs).

 

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