Inox CVA IPO opens for subscription on December 14, 2023 and closes on December 18, 2023. The allotment 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 date fixed as Thursday, December 21, 2023.
Inox CVA IPO is a book built issue of Rs 1,459.32 crores. The issue is entirely an offer for sale of 2.21 crore shares. Inox CVA IPO price band is set at ₹627 to ₹660 per share. The minimum lot size for an application is 22 Shares. The minimum amount of investment required by retail investors is ₹14,520. The minimum lot size investment for sNII is 14 lots (308 shares), amounting to ₹203,280, and for bNII, it is 69 lots (1,518 shares), amounting to ₹1,001,880.
ICICI Securities Limited and Axis Capital Limited are the book running lead managers of the Inox CVA IPO, while Kfin Technologies Limited is the registrar for the issue.
| IPO Opening Date | December 14, 2023 |
|---|---|
| IPO Closing Date | December 18, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹2 per share |
| IPO Price | ₹627 to ₹660 per share |
| Market Lot | 22 Shares |
| Min Order Quantity | 22 Shares |
| Listing At | BSE, NSE |
| 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) |
| Share holding pre issue | 90,763,500 |
| QIB Shares Offered | Not more than 50% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
Inox CVA IPO opens on December 14, 2023, and closes on December 18, 2023.
| Basis of Allotment Date | December 19, 2023 |
|---|---|
| Initiation of Refunds | December 20, 2023 |
| Credit of Shares to Demat Account | December 20, 2023 |
| IPO Listing Date | December 21, 2023 |
Investors can bid for a minimum of 22 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| 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 |
Incorporated in 1976, Inox India Limited manufactures and supplies cryogenic equipment.
The company's business comprises three divisions:
The product portfolio includes standard cryogenic tanks and equipment, beverage kegs, bespoke technology, equipment and solutions, as well as large turnkey projects which are used in diverse industries such as industrial gases, liquified natural gas ("LNG"), green hydrogen, energy, steel, medical and healthcare, chemicals and fertilizers, aviation and aerospace, pharmaceuticals and construction. In the six months ending September 30, 2023, and Fiscal 2023, Fiscal 2022 and Fiscal 2021, the company provided its equipment and systems to 1,255 domestic and 254 international customers across our three divisions. The company's major customers include Air Liquide Global E&C Solutions India Private Limited, Caribbean LNG Inc, 2G Energy Inc, ISRO, Hyundai Engineering and Construction Co Ltd, and many more. By September 2023, the company exported products and services to 66 countries, including the United States, Saudi Arabia, the Netherlands, Brazil, Korea, the United Arab Emirates, Australia, and Bangladesh. The manufacturing facilities are in Kalol, Kandla Special Economic Zone (Kandla SEZ), and Silvassa in the Union Territory of Dādra and Nagar Haveli. As of September 2023, the company's order book comprises ₹10,366.09 million.
The objectives of the Offer are to
Inox CVA IPO is a main-board IPO of 22,110,955 equity shares of the face value of ₹2 aggregating up to ₹1,459.32 Crores. The issue is priced at ₹627 to ₹660 per share. The minimum order quantity is 22 Shares.
The IPO opens on December 14, 2023, and closes on December 18, 2023. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Inox CVA IPO opens on December 14, 2023 and closes on December 18, 2023.
Inox CVA IPO lot size is 22 Shares, and the minimum amount required is ₹14,520.
You can apply in Inox CVA IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services.
The finalization of Basis of Allotment for Inox CVA IPO will be done on Tuesday, December 19, 2023, and the allotted shares will be credited to your demat account by Wednesday, December 20, 2023.
Check the IPO allotment status.
The Inox CVA IPO listing date is December 21, 2023.
To Bid online, you need
Demat Account and Pan card.
Login to SMC account and
select the Inox CVA IPO
Enter UPI Id & Mobile number
Place your number of bids
with the exchange
A UPI mandate is sent to your
UPI App to block your funds.