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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Inox India Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹660
Per ShareLot Size
22 Shares
Minimum Investment
₹14,520
Issue Size
₹1,459.32 Cr
Face Value
₹2
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
91.51%
Promoter Holding (Post-Issue)
67.67%
Issue Type
Book Building
ISIN
INE616N01034
Inox India Limited is the largest supplier of cryogenic equipment in India by revenue in Fiscal 2023. The Company has over 30 years of experience offering solutions across design, engineering, manufacturing and installation of equipment and systems for cryogenic conditions. Its offering includes standard cryogenic tanks and equipment, beverage kegs, bespoke technology, equipment and solutions as well as large turnkey projects which are used in diverse industries such as industrial gases, liquified natural gas, green hydrogen, energy, steel, medical and healthcare, chemicals and fertilizers, aviation and aerospace, pharmaceuticals and construction.
The global cryogenic equipment market was valued at $11.5 billion in 2022, and global cryogenic equipment demand is projected to grow at a 6.9% CAGR from 2023 to reach $16.6 billion by 2028. According to CRISIL Research, the demand for cleaner fuels such as liquified natural gas and hydrogen due to focus on reducing carbon emissions from conventional energy sources will drive the uptake of cryogenic equipment across geographies. At the global level, the top nine companies accounted for approximately 35-48% of the cryogenic equipment market in CY 2022. The Company is amongst the top 10 cryogenic equipment manufacturers in the world by revenue in CY 2022.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offering of 22,110,955* equity shares of face value of Rs. 2 each ("Equity Shares") of Inox India Limited (the "Company" or the "Issuer") for cash at a price of Rs. 660 per equity share (including a share premium of Rs. 658 per equity share) ("Offer Price") aggregating to Rs. 1459.32 crores* (the "Offer"). The offer comprises an offer for sale of 22,110,955* equity shares of face value of Rs. 2 each ("Offered Shares") aggregating to Rs. 1459.32 crores*, comprising 10,437,355* equity shares aggregating to Rs. 688.87 crores* by Siddharth Jain, 5,000,000* equity shares aggregating to Rs. 330.00 crores* by Pavan Kumar Jain, 5,000,000* equity shares aggregating to Rs. 330.00 crores* by Nayantara Jain, 1,200,000* equity shares aggregating to Rs. 79.20 crores* by Ishita Jain (collectively referred to as the "Promoter Selling Shareholders"), 230,000* equity shares aggregating to Rs. 15.18 crores* by Manju Jain, 190,000* equity shares aggregating to Rs. 12.54 *crores by Lata Rungta, 13,400* equity shares aggregating to Rs. 0.88 crores* by Bharti Shah, 13,400* equity shares aggregating to Rs. 0.88 crores* by Kumud Gangwal, 13,400* equity shares aggregating to Rs. 0.88 crores* by Suman Ajmera, and 13,400* equity shares aggregating to Rs. 0.88 crores* by Rajni Mohatta (collectively referred to as the "Other Selling Shareholders"), (other selling shareholders together with the promoter selling shareholders, collectively referred to as the "Selling Shareholders"). The offer shall constitute 24.36% of the post-offer paid-up equity share capital of the company. The face value of the equity share is Rs. 2 each. The offer price is 330 times the face value of the equity shares. *Subject to finalisation of the basis of allotment.
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
INOX India Limited was originally incorporated as a public limited company under the Companies Act, 1956 with the name "Baroda Oxygen Limited" at Gujarat, pursuant to a certificate of incorporation dated December 21, 1976, issued by the RoC and received a certificate of commencement of business from the RoC on April 18, 1979. Subsequently, the name of the Company was changed from "Baroda Oxygen Limited" to "INOX India Limited", pursuant to a fresh certificate of incorporation issued by the RoC, recording the change in name on March 23, 1987. Further, the name of the company was changed from "INOX India Limited" to "INOX India Private Limited", upon conversion into a private limited company, and a certificate of incorporation dated May 22, 2015, was issued by the RoC. The name of the Company was subsequently changed to "INOX India Limited", upon re-conversion into a public limited company, pursuant to a resolution passed by its Board on May 23, 2022, and a resolution passed by its Shareholders on June 15, 2022. A fresh certificate of incorporation dated July 14, 2022 was issued by the RoC consequent to the reconversion of our Company into a public limited company.
Wholesalers and Retailers
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.