Inox India IPO: A Comprehensive Analysis and Guide
Get ready to witness a significant milestone in the financial landscape as Inox India, a prominent name in the production of cryogenic storage tanks, gears up for its upcoming IPO scheduled for December 14, 2023. Anticipation and excitement surround this event, poised to make a substantial impact on the stock market. Delve into the specifics of the Inox IPO in the following sections.
About Inox India Limited (INOXCVA)
Inox India Limited, headquartered in Gujarat, specializes in providing comprehensive solutions in the realm of cryogenic equipment. Renowned for its end-to-end offerings spanning design, engineering, and manufacturing, INOXCVA stands out as a premier supplier in this field.
Operating through three core divisions—Industrial Gas, LNG, and Cryo Scientific—the company serves a diverse array of industries, including but not limited to industrial gases, healthcare, green hydrogen, chemicals, energy, and aviation.
Key Things to Know About Inox India IPO
Here are key insights you need to know about the upcoming Inox India IPO:
IPO Date | 14 December, 2023 to 18 December, 2023 |
Price Band | Rs627 to Rs660 per share |
Face Value | Rs2 per share |
Lot Size | 22 Shares |
Total Issue Size | 22,110,955 shares (aggregating up to Rs1,459.32 Cr) |
Offer for Sale | 22,110,955 shares of Rs2 (aggregating up to Rs1,459.32 Cr) |
INOX Offer Details
The offering details for the Inox India IPO are as follows:
The company aims to raise about Rs1,459 crores through the IPO, consisting entirely of an offer for sale (OFS) of 2.21 crore shares, each with a face value of Rs2. Notably, there is no fresh issue segment included in this IPO.
Allocation is set at approximately 50% for Qualified Institutional Buyers (QIBs), 35% for Retail Investors, and the remaining 15% for Non-Institutional Investors.
Company Financials
In the fiscal years ending on March 31, 2023, and March 31, 2022, Inox India Limited witnessed a notable upsurge in its revenue, marking an approximate 22.46% increase. Additionally, the profit after tax (PAT) also demonstrated substantial growth, rising by approximately 17.02%.
Year Ended on | 30 Sep 2023 | 31 March 2023 | 31 March 2022 | 31 March 2021 |
Assets | 1,155.81 | 1,148.36 | 896.75 | 687.20 |
Revenue | 580.00 | 984.20 | 803.71 | 608.99 |
Profit After Tax | 103.34 | 152.71 | 130.50 | 96.11 |
Net Worth | 554.24 | 549.48 | 502.28 | 371.51 |
Also read: How to Invest in an Index Fund in India?
The Bottom Line
Investing in Inox India's IPO holds promise due to its established market leadership, robust reputation, and forward-thinking strategies. However, prudent investing involves thorough consideration of factors such as the company's goals, financial performance, market opportunities, growth projections, as well as potential risks. Make an informed decision by evaluating these elements before participating in this IPO.
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