Inox India Ltd. IPO

Inox India Limited, a leading Indian cryogenic technology provider, designs, manufactures, and installs equipment and systems for diverse industries. With over 30 years of experience, they offer standard and bespoke cryogenic tanks, large turnkey projects, and solutions for LNG, green hydrogen, medical, and more. Their strengths lie in in-house design, advanced manufacturing, a qualified team, and a focus on R&D. Poised for significant growth, Inox India is a trusted partner committed to delivering safe, reliable, and efficient cryogenic solutions.

RHP
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DRHP
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Open Date

2023-12-14

Close Date

2023-12-18

Company Financials

You can get the following financial statements of Inox India Ltd. as of now.

Subscription Details

The details about the Inox India Limited IPO (Inox CVA IPO) is as:

  • The issue size of the IPO is 1459.32 Cr.
  • The price band for Inox India Limited IPO (Inox CVA IPO) is Rs 627 to Rs 660.
  • The shares of Inox India Limited IPO (Inox CVA IPO) will list on 21st December 2023.
  • The latest tentative GMP of Inox India Limited IPO (Inox CVA IPO) is Rs 550.
  • The shares of Inox India Limited IPO (Inox CVA IPO) is subscribed 60.98 Times as of 4:55 pm, 18th December 2023. 
  • The shares of Inox India Limited IPO (Inox CVA IPO) is oversubscribed.

 

Inox India Limited IPO (Inox CVA IPO) Valuation

The approx valuation of Inox India Limited IPO (Inox CVA IPO) based on its price band and DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 660
Existing Shares (Qty) 9.07 Cr
Market Cap 5986.2 Cr
EPS (FY23) Rs 16.83
PE Ratio 39.21x

 

Inox India Limited IPO (Inox CVA IPO) Issue Size

Inox India Limited IPO (Inox CVA IPO) issue size is 1459.32 Cr

Issue Amount
Fresh Issue 0 Cr
Offer For Sale 1459.32 Cr

 

Inox India Limited IPO (Inox CVA IPO) Market Lot

An Individual can apply for a minimum 1 lot of 22 shares and a maximum of 13 lots of 286 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 22 14,520
 Maximum 13 286 1,88,760

 

Inox India Limited IPO (Inox CVA IPO) share offer

The shares of Inox India Limited IPO (Inox CVA IPO) is subscribed 60.98 Times as of 4:55 pm, 18th December 2023. The category-wise shares offered are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 147.80 Times
Non-Institutional Minimum 15% 52.97 Times
Retail Individual Minimum 35% 14.80 Times
Total   60.98 Times

Allotment Details

Find below the dates for Inox India Limited IPO (Inox CVA IPO):

Schedule Date
Basis of Allotment 19 December 2023
Refunds 20 December 2023
Credit to Demat Account 20 December 2023
IPO Listing Date 21 December 2023

 

Inox India Limited IPO (Inox CVA IPO) allotment is released. Check the Inox India Limited IPO (Inox CVA IPO) allotment by clicking on the button below.  

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Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 640.01 587.44 776.61 949.57 1084.94
Total Expenditure 508.05 452.46 611.54 744.64 848.93
Operating Profit 131.96 134.98 165.07 204.93 236.01
Other Income 16.11 15.25 20.8 19.96 31.9
Interest 24.95 6.89 1.73 3.36 5.37
Depreciation 10.77 10.89 11.48 13.1 16.92
Exceptional Items 4.09 0 0 0 0
Profit Before Tax 116.44 132.45 172.66 208.42 245.63
Provision for Tax 45.8 35.29 44.34 52.19 59.5
Net Profit 70.64 97.76 128.32 156.23 186.13
Adjusted EPS (Rs.) 0.78 1.07 1.41 1.72 2.05

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 9.08 9.08 18.15 18.15 18.15
Total Reserves 302.8 398.75 515.61 567.27 657.75
Borrowings 6 0 0 0 0
Other N/C liabilities 11.02 17.83 18.69 25.42 28.48
Current liabilities 322.46 294.63 367.98 542.84 515.15
Total Liabilities 651.36 720.29 920.44 1153.69 1219.52
Assets
Net Block 104.5 98.62 130.01 160.82 251.18
Capital WIP 0.41 2.39 1.86 0.22 4.76
Intangible WIP 0 0 0 0 0
Investments 44.54 44.54 44.66 44.62 44.6
Loans & Advances 5.03 56.05 9.62 12.06 10.24
Other N/C Assets 0.12 0.16 0.26 0.18 0.22
Current Assets 496.76 518.53 734.04 935.79 908.51
Total Assets 651.36 720.29 920.44 1153.69 1219.52
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2023 Mar 2024
Other Income 4.57 11.9
Profit Before Tax 59.05 56.41
Tax 14.1 13.46
Profit After Tax 44.95 42.95
Adjusted EPS (Rs) 4.95 4.73

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2024 75 0
Dec 2023 75 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 116.44 132.45 172.66 208.42 245.63
Adjustment 22.89 4.39 -3.02 -0.3 2.9
Changes in Assets & Liabilities 31.23 117.18 -51.99 14.49 -62.43
Tax Paid -6.66 -27.51 -23.34 -53.41 -61.33
Operating Cash Flow 163.9 226.5 94.32 169.21 124.76
Investing Cash Flow -1.91 -159.77 -69.51 -9.87 -29.18
Financing Cash Flow -166.93 -95.16 -24.99 -152.97 -101.87
Net Cash Flow -4.94 -28.43 -0.19 6.37 -6.29
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