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INOX India IPO

INOX India is a noteworthy manufacturer of cryogenic equipment and is ranked first in the world for cryogenic tank production as of 2021, according to revenue. With over thirty years of experience, the company is known for offering all-inclusive solutions that include equipment and systems that are specially designed, engineered, manufactured, and installed for use in cryogenic conditions.

Products from the company include beverage kegs, ordinary cryogenic tanks, customised technologies, equipment, and customised solutions. They also work on large turnkey projects that are used in many different industries. Industrial gases, green hydrogen, liquefied natural gas (LNG), energy, steel, chemicals and fertilisers, medical and healthcare, aviation and aerospace, pharmaceuticals, and building are some of these industries.
INOX India serves a wide range of clients from different sectors and areas of the world. Throughout the three divisions, the company provided its systems and equipment to 1,201 domestic and 228 foreign clients in the fiscal years 2023, 2022, and 2021.

The company runs three manufacturing sites: Silvassa in the Union Territory of Dādra and Nagar Haveli; Kalol, Gujarat; and the Kandla Special Economic Zone (Kandla SEZ), Gujarat. Its installed capacity for cryogenic tanks and related goods was 3,100, 2,200, and 3,100 Equivalent Tank Units (representing 10,000-liter cryogenic storage tanks) in the fiscal years 2023, 2022, and 2021, respectively. Furthermore, in the corresponding years, the company produced 1.4 million, 2.4 million, and 2.4 million disposable cylinders.

INOX India IPO Details

Signature Global IPO Details
INOX India IPO Details
14 – 18 December 2023
INOX India IPO Price
INR 627 – 660 per share
Fresh issue
Nil
Offer For Sale
22,110,955 shares (INR 1,386.36 – 1,459.32 crore)
Total IPO Size
22,110,955 shares (INR 1,386.36 – 1,459.32 crore)
Minimum bid (size)
22 shares (INR 14,520)
Face Value
INR 2 per share
Retail Allocation
35%
Listing On
BSE, NSE

INOX India Financial Performance

Signature Global Financial Performance

FY21

FY22

FY23

H1 FY 24

Revenue

593.80

782.71

965.90

564.61

Expenses

477.93

629.51

779.15

443.82

Net income

96.11

130.50

152.71

103.34

Margin (%)

16.19

16.67

15.81

18.30

Figures in INR Crore unless specified otherwise

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