Air separation units (ASUs) are devices that filter and chill ambient air to produce industrial gases, such as nitrogen, oxygen, and natural gas, which are utilized in a variety of industries. The storage, handling, and transportation of these liquid gases are accomplished by use of cryogenic apparatus, which includes tanks, valves, vaporizers, and pumps. Hospitals, glass, and steel industries, among others, can utilize cryogenic gases by converting them into their gaseous state.
One such well-known producer of cryogenic equipment is Inox India Limited, which was among the top producers of cryogenic tanks globally in terms of revenue in 2021 and was India’s top exporter of cryogenic tanks in terms of revenue in the fiscal year 2022. In addition to large turnkey projects, they offer standard cryogenic tanks and equipment, beverage kegs, bespoke technology, equipment, and solutions.
These are used in a variety of industries, including energy, steel, medical and healthcare, construction, liquified natural gas (“LNG”), green hydrogen, industrial gases, chemicals and fertilizers, aviation and aerospace, and pharmaceuticals.
Their major customers are:
- Hyundai Engineering and Construction Co Ltd
- IRM Energy Ltd
- Saint Gobain India Private Ltd
- Shell Energy India Private Ltd
- ISRO
Company Name | INOX India Ltd | Company Type | Private |
Established on | 1976 | IPO opening Date | 14th Dec 2023 |
IPO Closing Date | 18th Dec 2023 | IPO Allotment Status | 19th Nov 2023 |
Credit of Shares | TBA | IPO Listing Date | 21th Dec 2023 |
Face Value | TBA | Lot Size | 22 Share |
Issue Size | 1459.32 Cr | Listed on | BSE, NSE |
Price Brand | 627 – 660 |
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Strength and Risk Factors
- Since this is the company’s first public offering, there hasn’t been a formal market for its equity shares.
- Regarding the equity shares’ ongoing and/or active trading, as well as the price at which they will be traded following listing, no guarantees can be made.
- The company depends on manufacturing facilities and will continue to do so. As a result, there are risks associated with the manufacturing process, including the possibility of equipment failure or breakdown, industrial accidents, extreme weather, and natural disasters.
- They rely on a small number of clients, from whom they receive a sizable percentage of their income. Customer cancellations, delays, or order reductions may have a materially negative impact on the company’s operations, financial situation, and business results.
- Equipment that leaks cryogen offers health risks and could be subject to warranty claims, product recalls and returns, and product liability claims, all of which could have a negative impact on the company’s operations, financial standing, and commercial outcomes.
Financial
Documentation
INOX India Ltd IPO document file: Inox_India_Limited_Red_Herring_Prospectus_8_Dec_2023
DRHP file: View
How To Apply For INOX India Ltd IPO:
If you want to take advantage of this investing opportunity but are confused how to apply for the INOX India Ltd IPO, we’ve described the processes for you below:
- Login to your Demate account.
- After successfully logging in, click on ‘IPO’ Section.
- Under the IPO section, look for the ‘INOX India Ltd IPO’ tab and click on it
- Fill in all the requirements, like ‘bid price’ and ‘lot size’.
- Confirm it and click on the ‘Apply.’
- Accept on your UPI app.
Open a demat account with Zerodha to apply for the INOX India Ltd IPO:
A demat account is required in order to apply for the INOX India Ltd initial public offering. Using a demat account, you can hold the shares you buy in a dematerialized fashion. If you don’t already have one, you can open a demat account with Zerodha by going to our website or downloading the app.
Here is a step-by-step guide on how to open a demat account with Zerodha:
- Click here to visit the demat account opening page on the Zerodha website.
- Enter your Mobile number and essential details to open a demat account.
- Upload the scanned copies of your bank statement, Aadhaar card, PAN, and cancelled check.
- Utilizing the OTP that was sent to your registered mobile number, complete the e-verification.