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Inox India Limited IPO (Inox CVA IPO) full details

by Koushik Gope
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Inox India Limited is a leading Indian company specializing in the design, engineering, manufacturing, and installation of cryogenic equipment and systems. Founded in 1976, the company has carved a niche for itself in the global cryogenic industry, offering a diverse range of products and services across diverse sectors.

Products and Services:

  • Cryogenic standard products
  • Cryogenic-engineered tanks & systems
  • LNG Turnkey Solutions
  • Cryobiological products
  • Oilfield Equipment

Key Performance Indicator

KPIValues
Market Cap (₹ Cr.)5990.39
ROE27.79%
ROCE36.53%
EPS (Rs)16.83
RoNW27.79%

Inox CVA IPO Details

IPO DateDecember 14, 2023 to December 18, 2023
Listing DateThursday, December 21, 2023
Face Value₹2 per share
Price Band₹627 to ₹660 per share
Lot Size22 Shares
Total Issue Size22,110,955 shares
(aggregating up to ₹1,459.32 Cr)
Offer for Sale22,110,955 shares of ₹2
(aggregating up to ₹1,459.32 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Share holding pre issue90,763,500

Inox CVA IPO Timeline

Inox CVA IPO opens on December 14, 2023, and closes on December 18, 2023.

IPO Open DateThursday, December 14, 2023
IPO Close DateMonday, December 18, 2023
Basis of AllotmentTuesday, December 19, 2023
Initiation of RefundsWednesday, December 20, 2023
Credit of Shares to DematWednesday, December 20, 2023
Listing DateThursday, December 21, 2023
Cut-off time for UPI mandate confirmation5 PM on December 18, 2023

Inox CVA IPO Lot Size

ApplicationLotsSharesAmount
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 Reservation

Investor CategoryShares Offered
QIB Shares OfferedNot more than 50% of the Net Issue
Retail Shares OfferedNot less than 35% of the Net Issue
NII (HNI) Shares OfferedNot less than 15% of the Net Issue

Inox CVA IPO Promoter Holding

The Promoters of the company are Pavan Kumar Jain, Nayantara Jain, Siddharth Jain and Ishita Jain

Share Holding Pre Issue99.30%
Share Holding Post Issue75.46%

Inox India Limited Financial Information

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,155.811,148.36896.75687.20
Revenue580.00984.20803.71608.99
Profit After Tax103.34152.71130.5096.11
Net Worth554.24549.48502.28371.51
Total Borrowing31.0343.3860.37
Amount in ₹ Crore

Inox India Limited: A Leading Cryogenic Equipment Manufacturer

Inox India Limited, established in 1976, is a leading manufacturer of cryogenic equipment and solutions. The company boasts a diverse portfolio encompassing:

  • Cryogenic standard products: This includes a wide range of storage tanks, vessels, and equipment for various applications.
  • Cryogenic engineered tanks & systems: Inox offers customized solutions for specific needs, including large-scale projects.
  • Large ASU SVD projects: The company has expertise in designing and building Air Separation Units (ASUs) for various industries.
  • Cryogenic scientific projects: Inox caters to scientific research and development needs with specialized equipment.
  • Cryobiological products: The company offers advanced solutions for cryopreservation and biological research.
  • LNG Turnkey Solutions: Inox provides complete solutions for Liquefied Natural Gas (LNG) storage and transportation.
  • Disposable Cylinders: Inox manufactures disposable cylinders for various applications like medical gases and industrial processes.
  • Other Products for OEMS: The company supplies specialized components and equipment to Original Equipment Manufacturers (OEMs) in various industries.
  • Oilfield Equipment: Inox offers equipment and solutions for the oil and gas industry.

Key facts about Inox India Limited:

  • Headquartered in Vadodara, Gujarat, India.
  • Over 30 years of experience in the cryogenic industry.
  • Market leader in vacuum-insulated cryogenic equipment in India and a major player globally.
  • Strong presence in various industries, including industrial gases, LNG, green hydrogen, energy, steel, medical and healthcare, chemicals and fertilizers, aviation and aerospace, and construction.
  • Widely recognized for its quality, innovation, and excellence.
  • Recently had a successful IPO on December 14, 2023.

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