IPO

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

14 Dec, 2023

Open Date

18 Dec, 2023

Close Date

19 Dec, 2023

Allotment Date

21 Dec, 2023

Listing Date
Price Summary

Last Closing

1,138.40 (72.48%)

52 Week High

1,288.00

52 Week Low

884.20

Last Update

19-Dec-2025 3:30 PM
Inox India (CVA) Limited IPO Issue Details
  • Issue Price ₹627-660 per equity share
  • Face Value ₹2 Per Equity Share
  • Issue Price 22,110,955 shares of ₹2(aggregating up to ₹1,459.32 Cr)
  • Listing at BSE, NSE
  • List Price 949.65(NSE)
  • Listing Date 2023-12-21
  • Lead Manager ICICI Securities Limited
    Axis Capital Limited
  • Registrar Kfin Technologies Limited
Inox India (CVA) Limited IPO Details
  • 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)
Inox India (CVA) Limited IPO Documents
DRHP
RHP
ANCHOR
Inox India (CVA) Limited IPO Details


The IPO of Inox India (CVA) Limited is priced at ₹627-660 per equity share, which has a face value of ₹2 Per Equity Share each, IPO bidding starts from Dec 14, 2023 and ends on Dec 18, 2023. The allotment for Inox India (CVA) Limited IPO will be finalized on Dec 19, 2023. Inox India (CVA) Limited IPO will be listed on BSE, NSE, with a tentative listing date fixed as Dec 21, 2023. The company shall list its equity shares on the BSE, NSE. Kfin Technologies Limited is the registrar of the issue.

The book-running lead manager for the IPO is/are ICICI Securities Limited, Axis Capital Limited.


The Inox India (CVA) Limited IPO sets its price band at 627-660 for each share. A single application for Inox India (CVA) Limited IPO must contain at least 22 shares.

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Inox India (CVA) Limited IPO Subscription Analysis And Details
Retail
15.29x
QIB
147.80x
NII
53.20x
bNII
56.55x
sNII
46.51x
Total
61.28x
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
Subscription on the basis of Applications
12.44
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
In Crs.
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 Inox India (CVA) Limited 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.

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Inox India (CVA) Limited - Promoter(s)

Pavan Kumar Jain

Nayantara Jain

Siddharth Jain

Ishita Jain

Pre Issue Share Holding : 99.30%

Post Issue Share Holding : 75.46%

Inox India (CVA) Limited IPO - Issue Objectives
1

Carry out the Offer for Sale of up to 22,110,955 Equity Shares by the Selling Shareholders

2

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.