About the Company:
Founded in 1976, Inox India Limited is a prominent manufacturer and supplier of high-quality cryogenic equipment, making notable strides across diverse industrial sectors.
Business Divisions:
- Industrial Gas Division: Innovating Cryogenic Solutions
Inox's Industrial Gas division excels in designing, producing, and installing cryogenic tanks and systems. These advancements address the storage, transportation, and distribution of industrial gases, including green hydrogen and oxygen.
- LNG Division: Leading in LNG Solutions
The LNG division showcases Inox's engineering excellence, offering a range of standard and custom equipment for LNG storage, distribution, and transportation. It also delivers small-scale LNG infrastructure solutions for industrial, marine, and automotive applications.
- Cryo Scientific: Advancing Science and Industry
Inox's Cryo Scientific department leads in providing state-of-the-art equipment and turnkey solutions for scientific and industrial research. With a focus on cryogenic distribution for technology-intensive applications, it contributes significantly to advancements in various fields.
Shareholding Dynamics:
Share Holding Pre Issue: 99.30%
Share Holding Post Issue: 75.46%
IPO Objectives:
As the issue is solely an offer for sale (OFS), it's vital to note that the company won't directly benefit from the proceeds. All offer proceeds will go to the selling shareholders, distributed based on the number of shares they sell. The company aims to leverage the benefits of listing equity shares on stock exchanges.
Summary of Financial Information:
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,155.81 | 1,148.36 | 896.75 | 687.20 |
| Revenue | 580.00 | 984.20 | 803.71 | 608.99 |
| Profit After Tax | 103.34 | 152.71 | 130.50 | 96.11 |
| Net Worth | 554.24 | 549.48 | 502.28 | 371.51 |
| Total Borrowing | 31.03 | 43.38 | 60.37 |
Key Performance Indicators:
| KPI | Values |
| P/E (x) | 39.22 |
| Post P/E (x) | 29 |
| Market Cap (Rs. Cr.) | 5990.39 |
| ROE | 27.79% |
| ROCE | 36.53% |
| EPS (Rs) | 16.83 |
| RoNW | 27.79% |
Comparison with Peers:
As per its official documents, the company has asserted that, for peer comparison, there is no listed company in India of comparable size and within the same industry.
Key IPO Details:
| IPO Date | 14 December, 2023 to 18 December, 2023 |
| Listing Date | 21 December, 2023 |
| Face Value | Rs. 2 per share |
| Price Band | Rs. 627 to Rs. 660 per share |
| Lot Size | 22 Shares |
| Total Issue Size | 22,110,955 shares (aggregating up to Rs. 1,459.32 Cr) |
| Offer for Sale | 22,110,955 shares of Rs. 2 (aggregating up to Rs. 1,459.32 Cr) |
| GMP | Rs. 460 (69.70%) [Only for information purpose] |
Note: For additional information & risk factors please refer to the Red Herring Prospectus
Disclaimer: We are not SEBI registered. All the views are personal and only for educational purposes. Do your due diligence before making any trading or investing decisions. The data provided in this blog post is for illustrative purposes only and does not constitute financial advice. Always consult with a qualified financial advisor before making investment decisions.
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