Inox India (CVA) Limited IPO

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Other Industrial Products

Listed On: Dec 21, 2023 at ₹ 949.65(NSE)

₹ 14520 /22 Shares

Check Allotment

Price Summary

Last Closing

1,188.00 (80%)

52 Week High

1,506.90

52 Week Low

801.55

Last Update

8-Nov-2024 3:30 PM

Inox India (CVA) Limited IPO Details

14 Dec, 2023

Open Date

18 Dec, 2023

Close Date

19 Dec, 2023

Allotment Date

21 Dec, 2023

Listing Date

Issue Price

₹627-660 per equity share

Face Value

₹2 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Kfin Technologies Limited

List Price

949.65(NSE)

Listing Date

2023-12-21

Market 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 Limited
Axis 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 times

IPO Docs

DRHP RHP ANCHOR

Inox 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

Total No. of Applications: 43,75,495 (Approx)

Retail Subscription on the basis of Applications: 12.44 times

Inox India (CVA) Limited Valuations

Earnings Per Share (EPS)

₹16.83/-

P/E Ratio

39.22

RoNW

27.79%

Net Asset Value (NAV) - As on 31.03.22

₹61.06

Inox 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.