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Inox India (CVA) Limited
Mainboard₹14,520 / 22 Shares
Inox India (CVA) Limited IPO Details
The Inox India (CVA) Limited IPO price band is set between ₹627-660 per equity share, with a face value of ₹2 per share. The issue is managed by Kfin Technologies Limited, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 14 Dec, 2023 and closes on 18 Dec, 2023. Investors can check the allotment status on 19 Dec, 2023, while the listing date is tentatively scheduled for 21 Dec, 2023.
The total issue size is 22,110,955 shares of ₹2, aggregating up to ₹1,459.32 Cr. Stay tuned for the latest Inox India (CVA) Limited IPO review and GMP updates.
Inox India (CVA) Limited IPO Review, Rating & Analysis
Inox India (CVA) Limited IPO Review
NO REVIEWInox India (CVA) Limited IPO Rating
Inox India (CVA) Limited IPO Highlights
IPO Date
Dec 14, 2023 - Dec 18, 2023
Listing Date
21 Dec, 2023
Face Value
₹2 Per Equity Share
Price Band
₹627-660 per equity share
Lot Size
22 Shares
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE, NSE
Inox India (CVA) Limited IPO Lot Size
The minimum market lot for Inox India (CVA) Limited IPO is 22 shares with an application amount of ₹14,520. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 22 | ₹14,520 |
| Retail (Max) | 13 | 286 | ₹1,88,760 |
| S-HNI (Min) | 14 | 308 | ₹2,03,280 |
| S-HNI (Max) | 68 | 1496 | ₹9,87,360 |
| B-HNI (Min) | 69 | 1518 | ₹10,01,880 |
Inox India (CVA) Limited IPO Timeline
Issue Price
₹627-660 per equity shareFace Value
₹2 Per Equity ShareListing at Group
BSE, NSERegistrar
Kfin Technologies LimitedLead Manager
ICICI Securities LimitedAxis Capital LimitedIssue Size
22,110,955 shares of ₹2(aggregating up to ₹1,459.32 Cr)Inox India (CVA) Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 23 | 1148.36 | 984.20 | 152.71 | - | - | - |
| 31 Mar 22 | 896.75 | 803.71 | 130.50 | - | - | - |
| 31 Mar 21 | 687.20 | 608.99 | 96.11 | - | - | - |
All values are in ₹ Cr.
Promoters & Share Holding
Promoter(s) Name
- Pavan Kumar Jain
- Nayantara Jain
- Siddharth Jain
- Ishita Jain
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 99.30% | 75.46% |
About 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 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 |
12.44 times
Frequently Asked Questions about Inox India (CVA) Limited IPO
When will Inox India (CVA) Limited IPO open for subscription?
The Inox India (CVA) Limited IPO opens on 14 Dec, 2023 and closes on 18 Dec, 2023.
What is the investors portion for Inox India (CVA) Limited IPO?
The investors' portion for QIB is 147.80 x, NII is 56.55 x, and Retail is 15.29 x.
How to apply for Inox India (CVA) Limited IPO?
You can apply for Inox India (CVA) Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Inox India (CVA) Limited IPO?
The issue size of Inox India (CVA) Limited IPO is approx ₹22,110,955 shares of ₹2(aggregating up to ₹1,459.32 Cr) crores.
What is the price band of Inox India (CVA) Limited IPO?
The price band for Inox India (CVA) Limited IPO is ₹627 to ₹660 per equity share.
What is the lot size of Inox India (CVA) Limited IPO?
The minimum bid (lot size) for Inox India (CVA) Limited IPO is N/A shares with an investment of approx ₹14,520 .
What is the allotment date of Inox India (CVA) Limited IPO?
The allotment date for Inox India (CVA) Limited IPO is 19 Dec, 2023.
What is the listing date of Inox India (CVA) Limited IPO?
The listing date for Inox India (CVA) Limited IPO is expected to be 21 Dec, 2023.
What is the GMP of Inox India (CVA) Limited IPO?
The latest Grey Market Premium (GMP) for Inox India (CVA) Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.