Inox India Limited IPO
₹627 - ₹660
22
61.28
| Open Date: | 14-Dec-2023 |
| Close Date: | 18-Dec-2023 |
| Allotment Date: | 19-Dec-2023 |
| Listing Date: | 21-Dec-2023 |
| Listing Price: | N/A |
| Face Value: | ₹2 Per Equity Share |
| Issue Price: | ₹627-660 Per Equity Share |
| Issue Size: | Total Issue Size 22,110,955 shares (aggregating up to ₹1,459.32 Cr) : Offer for Sale 22,110,955 shares of ₹2 (aggregating up to ₹1,459.32 Cr) |
| Market Lot (Min Amount): | Retail - ₹14,520 : S-HNI - ₹203,280 : B-HNI - ₹1,001,880 |
As on | QIB | Nll | Rll | Total |
|---|---|---|---|---|
| Shares Offered/Reserved | 4,422,191 | 3,316,644 | 7,738,835 | 15,477,670 |
| Day 1 - 14-12-23 05:00 PM | 0.04x | 4.60x | 3.72x | 2.86x |
| Day 2 - 15-12-23 05:00 PM | 0.17x | 13.75x | 8.22x | 7.11x |
| Day 3 - 18-12-23 05:00 PM | 147.80x | 53.20x | 15.30x | 61.28x |
| Total No. of Application: | 4,376,302 (Approx.) | |||
| Retail Subscription on the basis of Apps: | 12.44x | |||
| Earning Per Share(EPS) | ₹16.83/- |
| P/E Ratio | 39.22 |
| RoNW | 27.79% |
| Net Asset Value (NAV) - Post Issue: | ₹N/A/- |
| Total Assets | Total Revenue | Profit After Tax | |
|---|---|---|---|
| 31 Sep,2023 | 1,155.81 | 580.00 | 103.34 |
| 31 Mar,2023 | 1,148.36 | 984.20 | 152.71 |
| 31 Mar,2022 | 896.75 | 803.71 | 130.50 |
| 31 Mar,2021 | 687.20 | 608.99 | 96.11 |
| Pre Issue Share Holding | 99.30% |
| Post Issue Share Holding | 75.46% |
| 1. Pavan Kumar Jain |
| 2. Nayantara Jain |
| 3. Siddharth Jain |
| 4. Ishita Jain |
The objectives of the Offer are to
- 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.
Incorporated in 1976, Inox India Limited manufactures and supplies cryogenic equipment.
The company's business activities comprise three divisions:
1. Industrial Gas: The division designs, manufactures and installs cryogenic tanks and systems for the storage, transportation and distribution of industrial gases, including green hydrogen and oxygen.
2. LNG: The division develops, manufactures, supplies and installs both standard and engineered equipment for LNG storage, distribution, and transportation, as well as small-scale LNG infrastructure solutions for industrial, marine and automotive applications.
3. Cryo Scientific: This division offers equipment and turnkey solutions for scientific and industrial research in the field of cryogenic distribution with a focus on technology-intensive applications.
The product portfolio includes standard cryogenic tanks and equipment, beverage kegs, bespoke technology, equipment and solutions as well as large-scale turnkey projects used in various industries such as industrial gases, liquefied natural gas ("LNG"), green hydrogen, energy, steel, medical and healthcare, chemicals and fertilisers, aviation and aerospace, pharmaceuticals and construction.
In the six months to September 30, 2023, and the financial years 2023, 2022 and 2021, the company supplied its equipment and systems to 1,255 domestic and 254 international customers in our three business segments.
The company's 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.
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 stood at Rs. 10,366.09 million.
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Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.
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