The Inox India IPO started on December 14, 2023, and ended on December 18, 2023. Shares were allocated on December 19, 2023, and refund processes began on December 20, 2023. On December 20, 2023, the shares were credited to investors demat accounts. Inox India was officially listed on the stock exchange on December 21, 2023.
During the IPO, Inox India offered shares at a price range of ₹627 to ₹660 per share, and the lot size was 22 shares. The total issue size was ₹1,459.32 crores, with ₹1,459.32 crores from shares for sale. The IPO was listed on both the NSE and BSE.
Regarding share reservations, 50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
Inox IPO Subscription Update Video
Inox India IPO Subscription Status
The Inox India IPO on December 18, 2023 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, the QIB (Qualified-Institutional Buyers) category being subscribed 295.61 times.
| Category | Subscription |
| QIB | 295.61x |
| NII | 106.40x |
| Retail | 30.59x |
| Total | 122.55x |
Inox India IPO Basic Details
| Company Name | Inox India Limited |
| Domain of Company | Manufacturer of cryogenic equipment |
| Inox India IPO Open Date | December 14, 2023 |
| Inox India IPO Close Date | December 18, 2023 |
| Inox India IPO Allotment Date | December 19, 2023 |
| Inox India IPO Listing Date | December 21, 2023 |
| Face Value | ₹2 per share |
| Price | ₹627 to ₹660 per share |
| Lot Size | 22 Shares |
| Issue Size | 22,110,955 shares of ₹2 (aggregating up to ₹1,459.32 Cr) |
| Offer for Sale | 22,110,955 shares of ₹2 (aggregating up to ₹1,459.32 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Company Promoters | Pavan Kumar Jain, Nayantara Jain, Siddharth Jain and Ishita Jain |
About Inox India Limited
Founded in 1976, Inox India Limited specializes in making and providing cryogenic equipment.
The company operates in three main areas:
- Industrial Gas: This division creates, makes, and sets up cryogenic tanks and systems. These are used for storing, moving, and distributing industrial gases, such as green hydrogen and oxygen.
- LNG: In this section, Inox designs, manufactures, and supplies both standard and custom equipment for LNG storage, distribution, and transportation. They also offer small-scale LNG solutions for industrial, marine, and automotive needs.
- Cryo Scientific: This department focuses on supplying equipment and complete solutions for scientific and industrial research involving cryogenic distribution, especially in technology-intensive applications.
Their product range includes standard cryogenic tanks and equipment, beverage kegs, specialized technology, equipment, and solutions, as well as large turnkey projects. These find applications in various industries like 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 the fiscal years 2023, 2022, and 2021, Inox provided 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, among others. By September 2023, the company 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 IPO Should you subscribe?
Inox India IPO More Details Click Here
Inox India IPO FAQs
What is the start and end date of Inox India IPO Subscription?
The Inox India IPO started on December 14, 2023, and ended on December 18, 2023.
When does Inox India IPO Subscription open?
The Inox India IPO open on December 14, 2023.
When does Inox India IPO Subscription close?
The Inox India IPO Close on December 18, 2023.
What is the allotment date of Inox India IPO?
The allotment date for Inox India IPO is December 19, 2023.
When is the initial refund date of Inox India IPO?
The initial Refund date for Inox India IPO is December 20, 2023.
When were the shares credited to investors demat accounts for the Inox India IPO?
The shares for the Inox India IPO were credited to investors demat accounts on December 20, 2023.
When will Inox India IPO be listed on the stock market?
Inox India IPO stock market will be listed on December 21, 2023 at 10 am.
What was the price range of the Inox India IPO shares?
The Inox India IPO shares were offered at a price range of ₹627 to ₹660 per share.
What was the lot size for the Inox India IPO shares?
The lot size for the Inox India IPO shares was 22 shares.
What was the total issue size of the Inox India IPO?
The total issue size of the Inox India IPO was ₹1,459.32 crores.
How were the shares allocated among different types of investors for the Inox India IPO?
50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the Inox India IPO listed?
The Inox India IPO was listed on both the NSE and BSE.
What is the Inox India IPO Subscription Status?
Inox India IPO is subscribed 122.55 Times.
