December 12, 2023
This is to inform you that Inox India Limited is coming out with a public issue to raise Rs.1459.32 crore from the market.
The issue opens on December 14 and closes on December 18, 2023.
Details of the Inox India Limited IPO
| Company Details | : |
Inox India Limited (“Inox India”) was incorporated on December 21, 1976. The part of Inox Group, Inox India is the largest supplier of cryogenic equipment in India by revenue in Fiscal 2023. Inox India has over 30 years of experience offering solutions across design, engineering, manufacturing and installation of equipment and systems for cryogenic conditions. Company’s 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 (“LNG”), green hydrogen, energy, steel, medical and healthcare, chemicals and fertilizers, aviation and aerospace, pharmaceuticals, and construction. In addition, they manufacture a range of cryogenic equipment utilised in global scientific research projects. Also, they were the largest exporter of cryogenic tanks from India in terms of revenue in Fiscal 2023. Inox India is the 1st Indian company to manufacture a trailer mounted hydrogen transport tank, which was designed jointly with the Indian Space Research Organisation (“ISRO”). Inox India produced and shipped a 238kl liquid hydrogen storage tank for a liquid hydrogen plant in South Korea. They also have recently produced & shipped four 311kl liquid hydrogen storage tanks for another customer in South Korea for the construction of 3 liquid hydrogen plants. Due to their engineering expertise, quality product offering and customer service, they have developed a reputed brand, INOXCVA, in the cryogenic equipment industry. In the Fiscal 2023 they have Installed Capacity of 3,100 Equivalent Tank Units (which are cryogenic storage tanks of 10,000 litres), 2.4 million disposable cylinders, 14 certifications from United States, Europe, Australia and other international markets. Inox India has 3 manufacturing facilities located at (i) Kalol in Gujarat, (ii) the Kandla Special Economic Zone (“Kandla SEZ”) in Gujarat and (iii) Silvassa in the Union Territory of Dadra and Nagar Haveli. They provided their equipment and systems to over 1,201 domestic customers and over 228 international customers across the 3 divisions. The company also has built a strong international customer base. Currently they are exporting their products and delivering their services to 66 countries. |
| Issue Period | : | Issue opens on: Thursday, December 14, 2023 Issue closes on: Monday, December 18, 2023 |
| Price Band | : | Rs.627 to Rs.660 per equity share |
| Bid Lot | : | 22 equity shares and in multiple thereafter. |
| Issue Size | : | Rs.1459.32 crore |
| Issue break-up | : | QIB - 50% of the offer – Rs.729.66 crore NIB - 15% of the offer - Rs.218.90 crore RET - 35% of the offer - Rs.510.76 crore |
| Listing | : | BSE & NSE |
| Registrar | : | KFin Technologies Limited |
| UPI | : | All Retail & NII Bidders (bids up to ₹ 5,00,000) Applications through brokers are compulsorily in UPI Mode |
| Note | : |
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Watch these 4 videos to know how to apply for the Inox India Limited IPO online easily.
Step 1: Create an UPI ID 
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Step 2: Apply for IPO online using mobile app or website 
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Step 3: Authorise UPI mandate to block payment 
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Remember these points while applying for IPOs
- With Sharekhan, you can now fill and submit your IPO application online at your convenience anytime before an issue closes. This can be done through the Sharekhan app or website.
- You will need a mobile phone with a SIM linked to your bank account offering the UPI facility and a debit card to create your UPI ID.
- Currently, UPI works on the following mobile applications:
Name of App (Supported Platforms) VPA Handle BHIM Baroda Pay (only Android) @BARODAMPAY BHIM Oriental Pay (Only Android) @obc BHIM RBL Pay (Android & iOS) @rbl BHIM (android & iOS) @upi BHIM ALLBANK UPI (only Android) @allbank BHIM Axis Pay (only android) @axisbank BHIM IndusPay (only Android) @indus BHIM Lotza UPI (only Android) @federal BHIM SBIPay (only android) @sbi Citi Mobile (android & iOS) @citi & @citigold Google Pay (android & iOS) @okhdfcbank | @okaxis | @oksbi | @okicici HSBC Simply Pay (android & iOS) @hsbc iMobile by ICICI Bank (android users) @icici Kotak Mobile Banking App (Android) @kotak Phone-Pe (android & iOS) @ybl SIB Mirror+ (only Android) @sib BHIM YES PAY (only Android) @yesbank DigiBank - DBS (Android & iOS @dbs Paytm (Andriod & iOS) @paytm BHIM AUPay (Android & iOS) @aubank Freecharge (Android & iOS) @freecharge BHIM BANDHAN UPI (Android & iOS) @bandhan BHIM KBL UPI (Android) @kbl Phone-Pe (Android & iOS) @ybl, @axl, @ibl - To avoid rejection, download the latest version of the app.
- Remember to select UPI as the payment option in the IPO application form by providing your UPI ID.
- As soon as you submit your application through the mobile app or website, you will receive an SMS from National Payments Corporation of India (NPCI) informing you that your UPI mandate has been generated.
- The app passcode and the UPI PIN can be different; remember to enter only the UPI PIN while authorising the UPI mandate. Note that you should not share your UPI PIN with anyone.
- If you forget the UPI PIN, simply reset it instead of entering a wrong one.
- If the transaction gets through, you will receive a “Transaction is successful” message on your mobile.
- There are two possible scenarios post-allotment: On full allotment, funds will be debited from your account. If there is no allotment of shares, the blocked funds will be released after the end date or expiry date of the UPI mandate.
| Published by Team Internal Communications |  |
| This newsletter is for internal circulation only. It may not be published, reproduced or quoted in part or in whole, nor may it be published on social media without prior consent. The content is strictly copyright and reproduction of the whole or part of it in any form is prohibited without written permission from the Internal Communications department of Sharekhan. | |
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