Inox India Limited

Inox India Limited-IPO DETAILS 

Company Overview 

Established in December 1976, Inox India Limited specializes in the supply of cryogenic equipment, offering comprehensive solutions for operations in extreme cold conditions. The company's services encompass the entire spectrum, from design and engineering to manufacturing and installation. Its diverse portfolio includes cryogenic tanks, beverage kegs, customized technology, equipment solutions, and complete turnkey projects. Inox India Limited caters to a wide range of industries, including industrial gases, liquefied natural gas (LNG), green hydrogen, energy, steel, medical and healthcare, chemicals and fertilizers, aviation and aerospace, pharmaceuticals, and construction.  

The company operates manufacturing facilities in Kalol, Kandla Special Economic Zone (Kandla SEZ), and Silvassa in the Union Territory of Dadra and Nagar Haveli. As of September 2023, the company's order book stands at ₹10,366.09 million. In terms of global reach, Inox India Limited has exported products and provided services to 66 countries as of September 2023. These countries include notable nations such as the United States, Saudi Arabia, the Netherlands, Brazil, Korea, the United Arab Emirates, Australia, and Bangladesh. 

Objective of the IPO 

Here are a few quick reasons why company is going public:  

1. The primary objectives of the company include conducting an Offer for Sale, involving up to 22,110,955 Equity Shares by the Selling Shareholders.  

2. Additionally, the company aims to realize the advantages associated with listing Equity Shares on the Stock Exchanges. It anticipates that the proposed listing will contribute to enhanced visibility and brand image, offering a public market for the Equity Shares in India. The Selling Shareholders will be entitled to the complete Offer proceeds, net of Offer expenses and applicable taxes, following the completion of the Offer for Sale. 

Company Financials 

Key Performance Indicator 

Pros 

1. Inox India Limited boasts a well-established track record in supplying cryogenic equipment, demonstrating a history of reliability and expertise in the field. 

2. The company offers a diverse range of products in the cryogenic equipment sector. Moreover, its global presence, with exports and services to 66 countries, underscores its reach and adaptability on an international scale. 

3. Inox India Limited has a strong financial foundation characterized by solid total assets and revenue. This financial stability contributes to its capacity for sustained growth and operational resilience. 

4. The company exhibits a strong international focus, as evidenced by its widespread geographical and division-wise revenue distribution. This indicates a strategic approach to catering to diverse markets globally, contributing to the company's overall resilience and growth potential. 

Cons 

1. The company's utilization of funds lacks clarity, potentially causing uncertainty among investors regarding the deployment of raised capital and the anticipated return on investment. 

2. There is a potential risk associated with revenue concentration, and it's crucial for the company to address this issue. Relying heavily on specific revenue sources may pose challenges in the face of disruptions. 

3. The company's omission of a discussion on its innovation strategy may raise questions about its ability to maintain competitiveness in a dynamic market. 

How to Apply for this IPO 

1. Go to https://ipo.adityatrading.in/ 

2. Enter your Client ID 

3. Enter the OTP received in your registered mobile number. 

4. Choose the IPO and click on apply button. 

5. Enter the UPI ID, Quantity, and Cut off the price. 

6. Click on submit button 

7. Confirm the mandate request received on your phone by entering the UPI Pin. 

You can also watch our youtube video on “How to Apply on IPO” by clicking on the link “https://www.youtube.com/watch?v=1qOI8dCpl1I&ab_channel=ATS”