Inox India (CVA) Limited IPO
MainboardOther Industrial Products
Listed On: Dec 21, 2023 at ₹ 949.65(NSE)
₹ 14520 /22 Shares
Check AllotmentPrice Summary
Last Closing
1,120.00 (69.7%)52 Week High
1,506.9052 Week Low
801.55Last Update
22-Nov-2024 3:30 PMInox India (CVA) Limited IPO Details
14 Dec, 2023
Open Date18 Dec, 2023
Close Date19 Dec, 2023
Allotment Date21 Dec, 2023
Listing DateIssue Price
₹627-660 per equity shareFace Value
₹2 Per Equity ShareListing at Group
BSE, NSERegistrar
Kfin Technologies LimitedList Price
949.65(NSE)Listing Date
2023-12-21Market Lot
Retail : 22 Shares (₹14,520/-)S-HNI : 308 Shares (₹2,03,280/-)
B-HNI : 1,518 Shares (₹10,01,880/-)
Lead Manager
ICICI Securities LimitedAxis Capital Limited
Issue Size
22,110,955 shares of ₹2(aggregating up to ₹1,459.32 Cr)Retail Portion
35% (Number of Retail Applications: 3,51,765 Approx),(Number of S-HNI Applications : 3,589 Approx),
(Number of B-HNI Applications : 7,179 Approx)
Subscription
61.28 timesInox India (CVA) Limited IPO Subscription Details
As on | QIB | NII bNII sNII | Retail | Total |
---|---|---|---|---|
Shares Offered / Reserved | 4,422,191 | 3,316,644 2,211,096 1,105,548 | 7,738,835 | 15,477,670 |
Day 1 - 14-12-23 05:00 PM | 0.04 x | 4.57 3.85 x 5.99 x | 3.61 x | 2.79 x |
Day 2 - 15-12-23 05:00 PM | 0.17 x | 13.73 12.00 x 17.19 x | 8.17 x | 7.07 x |
Day 3 - 18-12-23 05:00 PM | 147.80 x | 53.20 56.55 x 46.51 x | 15.29 x | 61.28 x |
Inox India (CVA) Limited Valuations
Earnings Per Share (EPS)
₹16.83/-P/E Ratio
39.22RoNW
27.79%Net Asset Value (NAV) - As on 31.03.22
₹61.06Inox India (CVA) Limited Company Financials All values are in ₹ Cr.
31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
---|---|---|---|
Assets | 1,148.36 | 896.75 | 687.20 |
Revenue | 984.20 | 803.71 | 608.99 |
Profit After Tax | 152.71 | 130.50 | 96.11 |
About The Company
Inox India Limited is a supplier of cryogenic equipment. The company provides end-to-end solutions for equipment and systems operating in cryogenic conditions, including design, engineering, manufacturing, and installation. The company provides a wide range of products and services, including cryogenic tanks and equipment, beverage kegs, customized technology, equipment and solutions, as well as comprehensive turnkey projects. These products and services cater to a variety of 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.
The customer base of the company includes;Air Liquide Global E&C Solutions India Private Limited, All Safe Global, Baif Development Research Foundation, CRYONiQ s.r.o., Gulf Cryo LLC, Hyundai Engineering and Construction Co Ltd, INOX Air Product Pvt Ltd, Carbacid (CO2) Limited, Navin Flourine International Ltd, National Refrigerants Inc, Pentrade Global LLC, Prodair Air Products India Pvt Ltd, SK ecoengineering Co. Ltd, StemCyte India Therapeutics Pvt Ltd, Synergy Gases ( K ) Ltd in Industrial Gas Division and Caribbean LNG Inc, 2G Energy Inc, AGP City Gas Pvt Ltd, H-Energy Gateway Pvt. Ltd., Hoglund Gas Solutions AS, IRM Energy Limited, Saint Gobain India Private Limited, Shell Energy India Private Limited; Think Gas Distribution Private Limited, Ultra Gas & Energy Limited in LNG Division.
By September 2023, the company had exported products and delivered services to 66 countries, including the United States, Saudi Arabia, the Netherlands, Brazil, Korea, United Arab Emirates, Australia, and Bangladesh.
The manufacturing facilities are 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 comprises of ₹10,366.09 million.
Inox India (CVA) Limited - Promoter(s)
Pre Issue Share Holding: 99.30%
Post Issue Share Holding: 75.46%
Company Promoter(s)
- Pavan Kumar Jain
- Nayantara Jain
- Siddharth Jain
- Ishita Jain
Inox India (CVA) Limited IPO - Issue Objectives
- Carry out the Offer for Sale of up to 22,110,955 Equity Shares by the Selling Shareholders
- 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.
Inox India (CVA) Limited IPO - FAQs
Ans. Inox India (CVA) Limited IPO is a Mainboard IPO. The issue is priced at ₹627-660 per equity share. The minimum order quantity is 22 Shares. The IPO opens on Dec 14, 2023, and closes on Dec 18, 2023. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Ans. The Inox India (CVA) Limited IPO opens on Dec 14, 2023 and closes on Dec 18, 2023.
Ans. The size of Inox India (CVA) Limited IPO is 22,110,955 shares of ₹2(aggregating up to ₹1,459.32 Cr).
Ans. The IPO price band is set between ₹627-660 per equity share.
Ans. To apply for Inox India (CVA) Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Inox India (CVA) Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Inox India (CVA) Limited IPO is Dec 19, 2023.
Ans. The Inox India (CVA) Limited IPO will be listed on Dec 21, 2023.
Ans. Follow the steps to check the allotment status for Inox India (CVA) Limited IPO here.