INOX India IPO Price Range at ₹627-₹660: Includes GMP and Issue Details

IPO Price

December 11, 2023

New Delhi, India

Inox India IPO Price Range And Date

Inox India, a prominent cryogenic equipment manufacturer, is gearing up for its upcoming Initial Public Offering (IPO) scheduled to open on December 14. Investors are keenly watching as the company, known for its diverse applications in industrial gases, LNG, green hydrogen, energy, and steel, enters the market. Here’s a breakdown of the key details and considerations for potential investors.

IPO Offering Details

The IPO consists solely of an offer-for-sale of 2.21 crore shares by existing shareholders, including promoters. Notably, the anchor book opens on December 13, with the offering closing on December 18. The price band is set at ₹627 to ₹660 per equity share of face value ₹2.

Financial Snapshot

In FY23, Inox India recorded a robust 17% surge in net profit and a 23.4% growth in revenues, reaching ₹152.71 crore and ₹965.9 crore, respectively. However, the EBITDA margin witnessed a slight dip from 23.47% in FY22 to 22.62% in FY23. The total debt also reduced from ₹54.54 crore to ₹8.99 crore by March 31st.

Sebi Gives Green Light: INOXCVA Set to Launch IPO in December

Promoter Participation and Allocation

Promoters, including Pavan Kumar Jain and Nayantara Jain, are among the selling shareholders. The IPO has allocated shares with 50% reserved for qualified institutional buyers, 15% for non-institutional investors, and 35% for retail investors.

Grey Market Premium (GMP)

As of now, the Grey Market Premium for Inox India IPO stands at ₹0, indicating that shares are trading at their issue price with no premium or discount.

Also Read: India’s Forex Reserves Soar Beyond $600 Billion Mark, Indicating Economic Resilience

Considerations for Investors

Investors should assess the financial performance, understand the reasons behind the offer-for-sale structure, and consider the overall market conditions. The book-running lead managers for the IPO are ICICI Securities Limited and Axis Capital Limited.


Inox India’s IPO price and listing presents an opportunity for investors to participate in the growth of a well-established cryogenic equipment manufacturer. As the IPO date approaches, potential investors are advised to conduct thorough due diligence, review the red herring prospectus, and consider their investment objectives in light of the company’s financial health and industry prospects.


Also Read: SpiceJet’s Stock Hits 52-Week High After NSE Listing Announcement

Election Results 2023 Live


CurrencyVeda provides this news article for informational purposes only. We do not offer investment advice or recommendations. Before making any investment decisions, please conduct thorough research, consult with financial experts, and carefully consider your financial situation, risk tolerance, and investment goals. Investing in the stock market carries risks, and it’s essential to make informed choices based on your individual circumstances. CurrencyVeda is not liable for any actions taken based on the information provided in this article.