Inox India IPO Details | GMP, Date, Price, Review

Inox India IPO

Inox India IPO Details ( Inox India Limited IPO Review )

(14 Dec 2023 – 18 Dec 2023)

Established in 1976, Inox India Limited is a company that makes and supplies cryogenic equipment.

The company has three main parts:

  1. Industrial Gas: This section creates, builds, and sets up cryogenic tanks and systems. These are used to store, transport, and distribute industrial gases like green hydrogen and oxygen.
  2. LNG: In this division, they design, produce, supply, and install various equipment for LNG storage, distribution, and transportation. They also offer small-scale LNG solutions for industrial, marine, and automotive applications.
  3. Cryo Scientific: This department provides equipment and complete solutions for scientific and industrial research. They focus on cryogenic distribution, especially in technology-intensive applications.

Their product range includes standard cryogenic tanks and equipment, beverage kegs, customized technology, equipment and solutions, and large turnkey projects. These find applications in diverse industries like industrial gases, liquefied natural gas (“LNG”), green hydrogen, energy, steel, medical and healthcare, chemicals and fertilizers, aviation and aerospace, pharmaceuticals, and construction.

During the six months ending September 30, 2023, and in Fiscal 2023, Fiscal 2022, and Fiscal 2021, the company supplied its equipment and systems to 1,255 domestic and 254 international customers across the three divisions. Major customers include Air Liquide Global E&C Solutions India Private Limited, Caribbean LNG Inc, 2G Energy Inc, ISRO, Hyundai Engineering and Construction Co Ltd, and many others.

As of September 2023, the company has exported products and services to 66 countries, including the United States, Saudi Arabia, the Netherlands, Brazil, Korea, the United Arab Emirates, Australia, and Bangladesh. Manufacturing facilities are located in Kalol, Kandla Special Economic Zone (Kandla SEZ), and Silvassa in the Union Territory of Dādra and Nagar Haveli.

As of September 2023, the company’s order book stands at ₹10,366.09 million.

Inox India Limited IPO Competitive Strength

  • 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

Inox India IPO Financials Performance ( Results )

Inox India Limited Financial Information (Restated)

All Amount in ₹ Lakhs

Period EndedTotal AssetsTotal RevenuePATEPS
Net WorthReservesBorrowing

Objective of Inox India IPO Issue

  • Carry out the Offer for Sale of up to 22,110,955 Equity Shares by the Selling Shareholders; and
  • 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.

Inox India IPO Basic Details

IPO DateDec 14, 2023 to Dec 18, 2023
Listing DateThursday, December 21, 2023
Face Value₹2 per share
Price₹627 to ₹660 per share
Lot Size22 Shares
Issue Size22,110,955 shares of ₹2
(aggregating up to ₹1,459.32 Cr)
Fresh Issue22,110,955 shares of ₹2
(aggregating up to ₹1,459.32 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE, BSE
Share holding pre issue90,763,500
Share holding post issue
Company PromotersPavan Kumar Jain, Nayantara Jain,
Siddharth Jain and Ishita Jain

InoxCVA IPO Reservation

QIB Shares Offered50% of the Net Issue
NII (HNI) Shares Offered15% of the Net Issue
Retail Shares Offered35% of the Net Issue

Inox IPO Timetable

Inox IPO will open on December 14, 2023 and close on December 18, 2023. You can join Inox IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.

Opening Date14 December 2023 (Thursday)
Closing Date18 December 2023 (Monday)
Basis of Allotment19 December 2023 (Tuesday)
Initiation of Refunds20 December 2023 (Wednesday)
Credit of Shares to Demat20 December 2023 (Wednesday)
Listing Date21 December 2023 (Thursday)
Deadline for UPI mandate confirmation5 PM on 18 December 2023

InoxCVA IPO Lot Size

For retail investors in InoxCVA IPO, 22 shares will come in 1 lot or the minimum investment will be ₹14,520. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹188,760.

Retail (Min)122₹14,520
Retail (Max)13286₹188,760
S-HNI (Min)14308₹203,280
S-HNI (Max)681,496₹987,360
B-HNI (Min)691,518₹1,001,880

Inox CVA IPO Promoter Holding

The company’s promoters include Pavan Kumar Jain, Nayantara Jain, Siddharth Jain and Ishita Jain.

Pre Issue Share Holding99.30%
Post Issue Share Holding75.46%

Inox India Ltd IPO Key Performance Indicator ( Valuation )

In the table given below, all the figures have been told according to the latest financial year.

Market Cap (₹ Cr.)5990.39
Earning Per Share (EPS)₹16.83 per Equity Share
Net Asset Value (NAV)₹60.54 per Equity Share
P/E Ratio (P/E) (x)39.22
Return on Net Worth (RoNW) (%)27.79
Return on equity (ROE) (%)27.79
Return on Capital Employed (ROCE) (%)36.53
Debt/Equity RatioComing Soon

Inox India Ltd Peer Comparison

There are no listed companies in India that are comparable in all aspects of business and services that the Company provides. Hence, it is not possible to provide an industry comparison in relation to the Company.

Inox India IPO GMP Live Update, Kostak Rate day by day

DateGMPKostakSubject to
20 December 2023₹545
19 December 2023₹545
18 December 2023₹545
17 December 2023₹555
16 December 2023₹555
15 December 2023₹550
14 December 2023₹550
13 December 2023₹445
12 December 2023₹440
11 December 2023₹330

Inox India IPO Detail Video:

Inox India IPO Subscription Status (Bidding Detail)

The Inox India IPO on December 18, 2023 at 7:30:00 PM was subscribed 122.55 times, with the retail category being subscribed 30.59 times, the NII (Non-Institutional Investor) category being subscribed 106.40 times, QIB (Qualified-Institutional Buyers) category being subscribed 295.61 times.


Inox India IPO Prospectus

Inox India IPO DRHPDownload
Inox India IPO RHPDownload
Inox India IPO Anchor Investors Details PDFDownload

Inox India IPO Rating

Our Rating3.5/5.0

Inox India Company Contact Information

Inox India Limited

Registered and Corporate Office: 9th Floor, K P Platina, Racecourse, Vadodara – 390 007, Gujarat, India.
Telephone: +91 265 6160100
Contact Person: Kamlesh Shinde, Company Secretary and Compliance Officer
Telephone: +91 265 6160145
Corporate Identity Number: U99999GJ1976PLC018945
Promoters of Our Company: Pavan Kumar Jain, Nayantara Jain, Siddharth Jain and Ishita Jain

Inox India IPO Registrar

KFin Technologies Limited

Registered Office: Selenium, Tower-B, Plot 31 & 32, Financial District Nanakramguda, Serilingampally, Hyderabad, Rangareddy 500 032, Telangana, India
Telephone: +91 40 6716 2222
Investor grievance e-mail:
Contact person: M. Murali Krishna
SEBI Registration No.: INR000000221

Inox India IPO Lead Manager

ICICI Securities Limited

Registered Office: ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi
Mumbai 400 025, Maharashtra, India
Telephone: +91 22 6807 7100
Investor grievance e-mail:
Contact person: Sameer Purohit/ Kristina Dias
SEBI registration no: INM000011179

Axis Capital Limited

Registered Office: 1st Floor, Axis House, C-2, Wadia International Centre P.B. Marg, Worli
Mumbai 400 025 Maharashtra, India
Telephone: + 91 22 4325 2183
Investor grievance e-mail:
Contact person: Pavan Naik
SEBI Registration No: INM000012029

Inox India IPO FAQs

What is the lot size of Inox India IPO?

The total size of Inox India IPO is ₹1,459.32 crores and this is a complete offer for sale (OFS) Issue.

When will Inox India IPO start?

Inox India IPO will open from 14 December 2023 and IPO will close on 18 December 2023.

What is the open date of Inox India IPO?

Inox India IPO will open date from 14 December 2023.

What is the last date ( close date ) of Inox India IPO?

Inox India IPO will close from 18 December 2023.

What is the price band of Inox India IPO?

Inox India IPO price band is ₹627 to ₹660. ( Upper Price Band: ₹660, Lower Price Band: ₹627 )

What is the minimum amount required to apply for Inox India IPO?

The minimum investment for retailers to apply for Inox India IPO is ₹14,520 and the maximum investment is ₹188,760.

What is going on gray market premium of Inox India IPO?

View gray market premium of Inox India IPO by Clicking Here

How much is the GMP of Inox India IPO?

Watch Inox India IPO GMP Today: Click Here

What is the allotment date of Inox India IPO?

The allotment date of Inox India IPO is 19 December 2023.

How to check allotment status in Inox India IPO?

To check the allotment status of Inox India IPO, first of all go to the registrar website by clicking here, select your bad Inox India IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )

What is the listing date of Inox India IPO?

The listing date of Inox India IPO is 21 December 2023.

How much will be the listing gain in Inox India IPO?

View listing gain of Inox India IPO by Clicking Here

How much time Inox India IPO is subscribed?

Total 122.55 times subscribed in Inox India IPO out of which 30.59 times subscription was done in retail quota, 106.40 times subscription in NII quota and 295.61 times subscription in QIB quota.

How to apply for Inox India IPO from Upstox?

Click Here to see how to apply for Inox India IPO from Upstox. (step by step)

How to apply for Inox India PO from Zerodha?

Click Here to see how to apply for Inox India IPO from Zerodha. (step by step)

How to apply for Inox India IPO from Angle One?

Click Here to see how to apply for Inox India IPO from Angle One. (step by step)

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