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Inox India Limited IPO

IPO Doc

Start Date14-12-2023

Application Timing10am-5pm

Price Range₹627 - ₹660

Min Qty22

Min. Investment₹13794

Listing DateNA

Close Date18-12-2023

About Inox India Limited IPO

Why To Invest in Inox India Limited IPO

Engineering focussed company, manufacturer of cryogenic equipment, technology, and solutions, diverse product portfolio and client base across sectors, consistent financial performance. The IPO proceeds will be utilised 100% for Offer For Sale and will be received by the Selling Shareholders.

Strengths And Risks

Leading Supplier and Exporter of Cryogenic Equipment: In Fiscal 2022, Inox India Limited was the largest supplier of cryogenic equipment in India by revenues in Fiscal 2022 with four times the sales of the second largest player in the domestic market. They export to Further, with exports to 64 countries, Inox India is well placed to capitalize on global opportunities in cryogenic equipment.

International Quality Standards: They have developed and commercialized products and services spanning across the entire cryogenic value chain in industrial gases, LNG liquefaction plants and liquid hydrogen and maintain international quality benchmarks. They offer comprehensive solutions across design, engineering, manufacturing and installation of standard as well as customized cryogenic equipment and systems.

Diverisified and Global Client Base: Inox India provides equipment and systems to over 1,201 domestic customers and over 228 international customers across three divisions. They serve customers across industry sectors and geographies e.g. energy, industrial gases, LNG and LCNG, steel, medical and healthcare, chemicals and fertilizers, pharmaceuticals, aviation and aerospace, pharmaceuticals and construction, amongst others.

Strong Engineering and Development: The company is focused on product development and engineering with an inhouse engineering team to develop new products and solutions. The deep domain expertise gives them the ability to develop bespoke products and systems for customers.

Healthy Financial Performance: Inox India Limited has demonstrated consistent growth in terms of revenues and profitability. Their total income has increased at a CAGR of 27.13% from Rs. 608.9 Cr in Fiscal 2021 to Rs. 984.1 Cr in Fiscal 2023.

Cryogen Leakage Risk: Due to cryogenic gases being stored at very low temperatures, their leakage poses health hazards and risks. Company may be exposed to potential warranty claims, product recalls and returns, and product liability claims.

Stringent Environment & Safety Norms: Company's operations are subject to environmental and workers’ health and safety laws and regulations. They may have to incur costs to comply with these regulations or suffer liabilities in case of an incidence or non-compliance of environment and other similar laws and regulations.

Supplier Risk: They rely on a number of third party suppliers for key components and materials. Any shortfall in supply or increase in raw material costs, or other input costs may adversely affect the pricing and supply of products.

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Astha Credit & Securities Pvt Ltd
NSE, BSE & MCX Sebi Reg No:
INZ000187932

For any grievance contact:
grievance@rupeezy.in
0755-4268599

Membership ID:
NSE - 12227 BSE-6844 MCX - 40000
NSDL-IN303420 CDSL-94500

For cyber attack incident reporting:
gyanesh@rupeezy.in
9669695615

CIN:
U65929MP2003PTC016241

SEBI RA Registration:
INH000013332

SEBI Depository Participant Reg No:
IN-DP-611-2021

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Client Bank account Details:

Sr. No	Name of Bank Account	Bank Account Number	IFSC Code
1	ASTHA CREDIT AND SECURITIES P LTD - USCNBA A/c	00620340000150	HDFC0000062
2	ASTHA CREDIT AND SECURITIES P LTD - USCNBA A/c	57500000351820	HDFC0000062

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