Inox India IPO GMP Today ( Grey Market Premium )

The Inox India IPO commenced on December 14, 2023, and concluded on December 18, 2023. The allotment of shares took place on December 19, 2023, and the initiation of refunds began on December 20, 2023. The shares were credited to the demat accounts of investors on December 20, 2023. Finally, the listing of Inox India on the stock exchange occurred on December 21, 2023.

The Inox India IPO was priced at ₹627 to ₹660 per share, with a lot size of 22 shares. The total issue size was ₹1,459.32 crores, comprising a offer for sale of ₹1,459.32 crores. The IPO was listed on both the NSE and BSE.

In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 50% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 35% of the shares.

Inox IPO Basic Details

Inox India IPO GMP Today:

Inox India IPO Details:

Founded in 1976, Inox India Limited is in the business of making and supplying cryogenic equipment. The company is organized into three main divisions:

1. Industrial Gas Division: This part of the company designs, makes, and sets up cryogenic tanks and systems. These are used for storing, transporting, and distributing industrial gases like green hydrogen and oxygen.
2. LNG Division: Here, the focus is on designing, manufacturing, supplying, and installing both standard and custom equipment for LNG storage, distribution, and transportation. They also offer small-scale LNG infrastructure solutions suitable for various applications in industries like industrial, marine, and automotive.
3. Cryo Scientific Department: This section specializes in providing equipment and complete solutions for scientific and industrial research that involves cryogenic distribution, especially in technology-intensive applications.

The company’s product lineup includes standard cryogenic tanks and equipment, beverage kegs, customized technology, equipment, and solutions, as well as large turnkey projects. These find applications across diverse industries such as industrial gases, liquefied natural gas (“LNG”), green hydrogen, energy, steel, medical and healthcare, chemicals and fertilizers, aviation and aerospace, pharmaceuticals, and construction.

In the six months ending September 30, 2023, and Fiscal Years 2023, 2022, and 2021, Inox India Limited supplied its equipment and systems to 1,255 domestic and 254 international customers across the three divisions. Notable 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 more. By September 2023, the company had exported products and services to 66 countries, including the United States, Saudi Arabia, the Netherlands, Brazil, Korea, the United Arab Emirates, Australia, and Bangladesh.

The company’s 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.

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