Inox India IPO : Cryogenic Champion of India

Inox India Ltd.: Cryogenic Champion of India

Inox India Ltd., established in 1992, has solidified its position as the leading manufacturer of cryogenic equipment in India. Their expertise spans designing, producing, and installing a diverse range of products, from storage tanks and transport vessels to pumps and accessories. These solutions play a crucial role in industries like healthcare, chemicals, aerospace, and power generation, where extremely low temperatures are essential.

Inox India’s success hinges on its unwavering commitment to innovation and quality. Their state-of-the-art manufacturing facility boasts advanced technology and stringent quality control measures, ensuring their equipment adheres to the highest international standards. This dedication has translated into consistent growth and impressive profitability, making them a reliable partner for major multinational companies like Air Liquide and Linde.

Beyond mere hardware, Inox India provides comprehensive turnkey solutions, taking care of everything from project planning and engineering to installation and maintenance. This commitment to customer satisfaction has garnered them a loyal following across diverse industries.

As the demand for cryogenic technologies continues to soar, Inox India is poised to capitalize on its strong foundation. With a focus on expanding its product portfolio, venturing into new markets, and fostering research and development, the future looks bright for this cryogenic champion.

Production Expertise:
Inox India boasts a state-of-the-art manufacturing facility located in Gujarat, India. This facility houses advanced production lines for a wide range of cryogenic equipment, including:
• Cryogenic storage tanks: These tanks store gases at extremely low temperatures, typically below -150°C. Inox India offers tanks in various sizes and capacities to cater to diverse customer needs.
• Cryogenic transport vessels: These vessels are used to safely transport cryogenic liquids over long distances. Inox India’s vessels are known for their durability and reliability.
• Cryogenic pumps and compressors: These equipment are essential for transferring and pressurizing cryogenic fluids. Inox India offers a variety of pumps and compressors to suit different applications.
• Cryogenic accessories: Inox India also manufactures a range of cryogenic accessories, such as valves, piping, and safety equipment.

Major Clients:
Inox India’s client base includes some of the biggest names in the Indian and global industrial gas industry, such as:
• Air Liquide: A French multinational industrial gas company.
• Linde Gas: A German multinational chemical and industrial gas company.
• Praxair: An American multinational industrial gas company.
• Adani Group: An Indian multinational conglomerate with interests in infrastructure, commodities, and power generation.
• Reliance Industries Limited: An Indian multinational conglomerate with interests in petrochemicals, refining, retail, and telecommunications.

Commitment to Innovation:
Inox India is constantly innovating to develop new and improved cryogenic solutions. The company has a dedicated research and development team that works on cutting-edge technologies to enhance the efficiency and safety of its products.
Inox CVA IPO: An Offer for Sale Raising Rs 1,459.32 Crore
Inox CVA’s initial public offering (IPO) is hitting the market via a book build process, aiming to raise Rs 1,459.32 crore. The issue exclusively consists of an offer for sale (OFS) of 2.21 crore shares.
Bidding for the Inox CVA IPO opened on December 14, 2023, and will close on December 18, 2023. The final allotment is expected to be confirmed on December 19, 2023. Upon successful conclusion, the shares are slated to list on both BSE and NSE with a tentative date of Thursday, December 21, 2023.
The price band for the Inox CVA IPO is set between Rs 627 and Rs 660 per share. For retail investors, the minimum lot size is 22 shares, translating to a minimum investment of Rs 14,520. For qualified institutional buyers (QIBs), the minimum lot size is 14 lots (308 shares) amounting to Rs 203,280, while for non-institutional investors (NIIs), it’s 69 lots (1,518 shares) amounting to Rs 1,001,880.
The book running lead managers for the Inox CVA IPO are ICICI Securities Limited and Axis Capital Limited, while Kfin Technologies Limited acts as the registrar to the issue.
For comprehensive details, please refer to the official Inox CVA IPO Red Herring Prospectus (RHP).

Inox India Limited Financial Information
Inox India Limited’s revenue increased by 22.46% and profit after tax (PAT) rose by 17.02% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,155.81	1,148.36	896.75	687.20
Revenue	580.00	984.20	803.71	608.99
Profit After Tax	103.34	152.71	130.50	96.11
Net Worth	554.24	549.48	502.28	371.51
Total Borrowing	31.03		43.38	60.37

Key Performance Indicator

Inox CVA IPO Market Cap is Rs 5990.39 Cr

Inox CVA IPO is kicking off its subscription window on December 14th, 2023, closing on December 18th. Eager investors can bid for their chance to grab a piece of this exciting offer for sale. Get ready for a whirlwind journey as the basis of allotment is determined on December 19th, followed by refund initiations and demat crediting of shares on December 20th. Finally, celebrate your potential success with the official listing on the bustling exchange floors on December 21st! Don’t forget to confirm your UPI mandate by 5 PM on December 18th to ensure a smooth sailing experience.

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