Initial public offering • India • INOX Leisure • Listing
Inox CVA IPO is a typesetting built issue of Rs 1,459.32 crores. The issue is entirely an offer for sale of 2.21 crore shares. Inox CVA IPO opens for subscription on December 14, 2023 and closes on December 18, 2023. The sponsoring for the Inox CVA IPO is expected to be finalized on Tuesday, December 19, 2023. Inox CVA IPO will list on BSE, NSE with tentative listing stage stock-still as Thursday, December 21, 2023.
Important Dates:
| Opening Date | 14 Dec 2023 |
| Closing Date | 18 Dec 2023 |
| Allotment Date | 19 Dec 2023 |
| Listing Date | 21 Dec 2023 |
| Issue Price | ₹627 to ₹660 per share |
| Minimum Lot Size | 22 Shares |
Subscription Details:
| Total Issue Size | 22,110,955 shares (aggregating up to ₹1,459.32 Cr) |
| Offer for Sale | 22,110,955 shares of ₹2 (aggregating up to ₹1,459.32 Cr) |
Reservation Details:
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Lot Size of DOMS IPO:
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 22 | ₹14,520 |
| Retail (Max) | 13 | 286 | ₹188,760 |
| S-HNI (Min) | 14 | 308 | ₹203,280 |
| S-HNI (Max) | 68 | 1,496 | ₹987,360 |
| B-HNI (Min) | 69 | 1,518 | ₹1,001,880 |
Current GMP (12-12-2023):
₹455, Expected returns is +68% from the issue price.
Registrar:
Kfin Technologies Ltd is the registrar for the issue.
About Inox India Limited:
Established in 1976, Inox India Limited stands as a stalwart in the realm of cryogenic engineering, renowned for manufacturing and supplying cutting-edge cryogenic equipment. The visitor has etched its legacy through unwavering transferral to technological innovation and precision engineering.
Diversified Business Landscape:
Inox India Limited operates through three unshared divisions, each contributing to the company’s reputation as a leader in cryogenic solutions.
Industrial Gas Division:
The Industrial Gas semester is at the forefront of designing, producing, and installing state-of-the-art cryogenic tanks and systems. These solutions cater to the storage, transportation, and distribution of a wide spectrum of industrial gases, including the game-changing untried hydrogen and vital oxygen. Inox’s transferral to sustainability and efficiency is evident in every facet of its Industrial Gas division.
LNG Division:
The LNG semester is a cornerstone in the liquefied natural gas (LNG) landscape. Inox excels in designing, manufacturing, supplying, and installing a comprehensive range of both standard and engineered equipment tailored for LNG storage, distribution, and transportation. The company’s expertise extends to crafting small-scale LNG infrastructure solutions, unsteadfast for diverse industrial, marine, and automotive applications.
Cryo Scientific Division:
The Cryo Scientific semester is the nonpareil of Inox’s transferral to up-and-coming scientific and industrial research. This segment specializes in providing cutting-edge equipment and turnkey solutions for cryogenic distribution. With a particular accent on technology-intensive applications, the Cryo Scientific semester plays a pivotal role in fostering advancements in scientific exploration and industrial innovation.
Vision for the Future:
Inox India Limited’s journey is characterized by a relentless pursuit of excellence, setting industry benchmarks in the field of cryogenic engineering. As the visitor forges ahead, its transferral to innovation, sustainability, and pushing the boundaries of cryogenic technology remains unwavering. Inox stands as a symbol of reliability and ingenuity, contributing significantly to the incubation of cryogenic solutions on a global scale.
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