Inox India Limited Unveils (INOX CVA IPO) Advancing India's Cryogenic Equipment Sector- Bidding start from 14 Dec

Inox India Limited has announced its much-anticipated Initial Public Offering (IPO), offering an opportunity for investors to partake in the thriving cryogenic equipment sector. 

The IPO, set within a price band of ₹627 to ₹660 per share and with an issue size of ₹1,459.32 crores, is poised to mark a significant milestone in the industry.

Scheduled for bidding between December 14, '23, and December 18, '23, this IPO offers investors two distinct avenues:

1. **Regular Investors**: With a price range of ₹627-660 per share, regular investors can apply for shares up to ₹2,00,000, catering to a diverse pool of potential shareholders.

2. **High Networth Individuals (HNIs)**: Investors falling in the HNI category have the opportunity to invest between ₹2,00,000 and ₹5,00,000 within the set price range of ₹627-660 per share.

About Company 

Inox CVA, a subsidiary of Inox India Limited, specializes in an extensive range of cryogenic equipment, encompassing cryogenic tanks, beverage kegs, bespoke technology, and various solutions for industries spanning LNG, green hydrogen, energy, medical, and aerospace sectors. As India's largest supplier and exporter of cryogenic equipment, Inox CVA's offerings have garnered a substantial global footprint, serving clients across 66 countries.

The company operates through three dedicated divisions - Industrial Gas, LNG, and Cryo Scientific - each catering to distinct market segments with specialized solutions. With manufacturing facilities located in Gujarat, Dādra and Nagar Haveli, and bolstered by ISO certifications, Inox CVA ensures high-quality, standardized production.

Financial 

In the fiscal year 2022-23, Inox India Limited reported a remarkable profit of ₹152.71 crores, showcasing consistent growth from ₹130.50 crores in 2021-22 and ₹96.11 crores in 2020-21. This upward trajectory underlines the company's commitment to innovation, quality, and market leadership in the cryogenic equipment sector.

The Inox India Limited IPO presents an enticing opportunity for investors to engage with a company that stands at the forefront of the cryogenic equipment industry, backed by a strong global presence, diversified product portfolio, and impressive financial performance over recent fiscal years.