Key Points
Ahead of the issue opening, the company's shares are trading with a premium of Rs 336 in the unlisted market...
The company has fixed a price band of Rs 627-660, where investors can bid for a minimum of 22 shares in one lot...
The company had earlier said the IPO is aimed at achieving the benefit of listing equity shares on the stock exchanges and carrying out OFS for the selling shareholders.. Inox India, one of the leading cryogenic tank manufacturers, has over 30 years of experience offering solutions across the design, engineering, manufacturing, and installation of equipment and systems for cryogenic conditions...
The company's offering includes standard cryogenic tanks and equipment, bespoke technology, equipment, and solutions as well as large turnkey projects that are used in industries such as industrial gases, LNG, green hydrogen, energy, steel, medical and healthcare, chemicals and fertilizers, aviation and aerospace, and construction.. For the six-month period ended September 2023, its total income grew 17% year-on-year to Rs 580 crore, while net profit jumped 24% to Rs 103 crore...
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