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IPO Status: Listed [14th Dec 2023 to 18th Dec 2023]
Inox India IPO, a Mainline IPO of ₹1459.32 Cr was launced on 14-12-2023 to 18-12-2023 and the shares got listed on BSE, NSE on 21-12-2023.
The public issue of Inox India IPO (INOXINDIA,544046) was offered at ₹660.00 per share and the ipo was listed at ₹949.65. It has delivered listing gain of 43.89%.
As the minimum lot size was 22 shares, the IPO has offered Rs 6372.299999999999 per lot return on listing.
| IPO Issue Opening Date: | 14th Dec 2023 |
| IPO Issue Closing Date: | 18th Dec 2023 |
| IPO Issue Price: | ₹627.00-660.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not less than 35% of the Net Issue |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹1459.32 Cr |
| Offer for Sale: | ₹1459.32 Cr |
| Face Value: | ₹2 Per Equity Share |
| IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 99.30% |
| Promoter Holding Post IPO: | 75.46% |
| Allotment Status: | Allotment Status |
| BSE Code: | 544046 |
| NSE Code: | INOXINDIA |
Get important updates regarding Inox India IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 19th Dec 2023 |
| Refunds Initiation* | 20th Dec 2023 |
| Credit of Shares to Demat* | 20th Dec 2023 |
| IPO Listing Date* | 21st Dec 2023 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹627.00-660.00 |
| Market Lot: | 22 Shares |
| 1 Lot Amount: | ₹14520 |
| Min Small HNI Lots(2-10 Lakh): | 308 shares (14 lots) |
| Min Big HNI Lots(10+ Lakh): | 1518 shares (69 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 21-12-2023 | 660.00 | 440 | 7400/103600 | ₹1100 (66.67%) | 21-Dec-2023 9:32 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
INOX India Limited was established in 1976 and has more than 30 years of experience in the development, design, manufacture and installation of equipment and systems for cryogenic conditions. The company's offerings include standard cryogenic tanks and equipment, beverage drums, customised technologies, equipment and solutions, and large-scale turnkey projects used in various industries such as industrial gases, liquefied natural gas (“LNG”), green hydrogen, energy, steel, medical and healthcare, chemicals and fertilisers, aerospace, pharmaceuticals and construction. In addition, the company manufactures a range of cryogenic systems that are used in scientific research projects worldwide.
Demand for cryogenic equipment in all regions is expected to be driven by the increasing demand for cleaner fuels such as LNG and hydrogen as the focus shifts to reducing carbon emissions from conventional energy sources.
The company is well positioned to capitalise on this global market growth with its proprietary technology as well as its LNG product range covering the entire value chain. In hydrogen, the company's engineering teams are developing products and systems for complex industrial environments such as hydrogen storage, transportation and distribution to meet the demand for liquid hydrogen on a large scale. For example, this company was the first Indian company to manufacture a trailer-mounted hydrogen transportation tank, which was co-developed with the Indian Space Research Organisation (“ISRO”).
| Incorporation | Sector | IPO Issue Size | Website |
| 1976 | Cryogenic Equipment | ₹1459.32 Cr | https://inoxcva.com/ |
The objectives of the Offer are to
Our experts can help you prepare for SME IPO
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 4,422,191 (28.57%) | 3,316,644 (21.43%) | 7,738,835 (50%) | 15,477,670 | |
| 1 | 14th Dec 2023 19:04 | 0.04x | 4.60x | 3.72x | 2.86x |
| 2 | 15th Dec 2023 19:04 | 0.17x | 13.75x | 8.22x | 7.11x |
| 3 | 18th Dec 2023 18:42 | 147.80x | 53.20x | 15.30x | 61.28x |
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 |
| Reserves and Surplus | ||||
| Total Borrowing | 31.03 | 43.38 | 60.37 | |
| Amount in ₹ Crore | ||||
Last Updated on 25-Dec-2023 06:02:43
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Inox India IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Inox India IPO with Zerodha.
Alternate approch to apply in Inox India IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Inox India IPO Review and Important Updates
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To subscribe or apply in Inox India IPO, you can use the following methods:
| Inox India IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Inox India IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Inox India IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Inox India IPO. Most of the Syndicate Banks provide access to apply in Inox India IPO via ASBA process. You must have your net banking access, DP ID information to apply in Inox India IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Inox India IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Inox India IPO Review and Important Updates
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Applying in Inox India IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Inox India IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply Inox India IPO, please refer article >> Link
Inox India IPO Review and Important Updates
Steps to download the online application form for Inox India IPO
Or
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Inox India IPO is going to be list on 21-12-2023. NSE Code for Inox India is INOXINDIA. BSE Code for Inox India is 544046.
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Inox India IPO Allotment Date is 19-12-2023.
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