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15 Days Price Change

Inox India IPO

Closing In

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Issue Size --
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Price Range 627  to  660 per share
Profile
Min Investment ₹660
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Lot Size 1
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Face Value ₹2
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Draft Prospectus
Invest Before the IPO Goes Live

Buy unlisted shares early and participate in the growth before public listing.

Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Inox India Ltd is a prominent Indian conglomerate specializing in diverse industries. Established as a subsidiary of the Inox Group, the company is a leading player in the industrial gases sector, contributing significantly to the nation's economic landscape. Inox India is renowned for its expertise in manufacturing and supplying industrial and specialty gases, catering to a wide range of sectors, including steel, healthcare, chemicals, and more. With a commitment to innovation and sustainability, Inox India has earned a reputation for delivering high-quality products and services, fostering growth and development across various industries. The company's strategic approach and emphasis on cutting-edge technology have solidified its position as a key player in India's industrial and gas sectors. Read More

Basic Info

Face Value 2 per share

Price 627  to  660 per share

P/E (x) 26.5

Sales( Cr.) 1306

PAT( Cr.) 226

EPS 24.9

Draft Prospectus

Exchange BSE-NSE

Promoter

Company Promoters

Pavan Kumar Jain Nayantara Jain Siddharth Jain Ishita Jain

Pre Issue Share Holding 100%

Post Issue Share Holding 45%

Listing Details:

Listing Price: 933.15

Listing Gain: 29.27%

Current Price: 1493.6

Gain On Issue: 1493.6 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Dec 14, 2023
Closing Date Dec 18, 2023
Allotment Dec 19, 2023
Refund Dec 20, 2023
Delivery of Shares Dec 20, 2023
Listing Date Dec 21, 2023

IPO Lot Size

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 1496 987,360
B-HNI (Min) 69 1518 1,001,880

Objective of the Issue

1. Carry out the Offer for Sale of up to 22,110,955 Equity Shares by the Selling Shareholders 2. Achieve the benefits of listing the Equity Shares on the Stock Exchanges. Further, the Company expects that the proposed listing of its Equity Shares will enhance the visibility and brand image as well as provide a public market for the Equity Shares in India. The Selling Shareholders will be entitled to the entire Offer proceeds after deducting the Offer expenses and relevant taxes.

Issue

Category Nos Bid Bid (x)
QIB 11055478 1633999648 147.8x
NII 7738834 411705969 53.2x
Retail 3316643 50744638 15.3x
EMP 0 0 0x
Total 22110955 1354959322 61.3x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Inox India Profit & Loss

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 460 433 559 643 649 595 783 966 1133 1306
Other Income 5 16 13 10 43 22 21 20 31 41
Total Income 465 449 572 654 692 617 804 986 1165 1347
Total Expenditure 478 422 523 500 516 466 615 762 883 1021
Operating Profit -13 27 49 154 176 151 189 225 282 325
Interest 35 41 28 27 25 7 2 4 6 9
Depreciation 32 23 9 9 12 12 12 14 18 25
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 7
Profit Before Tax -79 -38 11 117 138 133 174 207 258 299
Provision for Tax 7 -0 10 -59 46 35 44 52 62 73
Profit After Tax -86 -38 1 176 92 97 130 155 196 226
Adjustments 22 0 0 17 6 1 0 0 0 0
Profit After Adjustments -65 -38 1 193 98 98 130 155 196 226
Adjusted Earnings Per Share -7.1 -4.1 0.1 21.2 10.8 10.8 14.4 17 21.6 24.9

Inox India Balance Sheet

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 70 19 19 210 279 372 502 549 649 874
Minority's Interest 0 0 0 0 0 0 0 0 0 0
Borrowings 202 213 88 59 6 0 0 0 0 0
Other Non-Current Liabilities 1 4 14 -43 15 21 22 28 31 27
Total Current Liabilities 530 587 400 443 326 294 373 570 543 753
Total Liabilities 804 824 768 674 627 687 897 1148 1223 1654
Fixed Assets 296 276 96 94 110 102 134 164 255 359
Other Non-Current Assets 103 8 80 84 3 56 10 10 21 20
Total Current Assets 406 539 367 480 505 521 743 962 936 1265
Total Assets 804 824 768 674 627 687 897 1148 1223 1654

Inox India Cash Flow

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 17 10 3 3 37 30 2 1 11 5
Cash Flow from Operating Activities 93 54 83 85 188 231 97 177 122 122
Cash Flow from Investing Activities -23 5 88 143 -5 -159 -75 -12 -25 -139
Cash Flow from Financing Activities -64 -55 -169 -186 -168 -96 -26 -154 -103 17
Net Cash Inflow / Outflow 6 4 2 42 15 -24 -4 11 -6 -0
Closing Cash & Cash Equivalent 10 3 2 42 30 2 1 11 5 4

Inox India Ratios

# Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -7.11 -4.14 0.15 21.25 10.82 10.81 14.38 17.05 21.59 24.9
CEPS(Rs) -6.03 -1.56 1.18 20.41 11.45 12.04 15.71 18.58 23.59 27.66
DPS(Rs) 0.1 0 0 0.1 0.2 0 1.5 11 11 2
Book NAV/Share(Rs) 7.73 2.11 2.14 23.09 30.79 40.99 55.34 60.54 70.92 95.6
Core EBITDA Margin(%) -3.78 2.43 6.47 22.3 20.46 21.67 21.42 21.16 22.08 21.8
EBIT Margin(%) -9.52 0.76 7.04 22.45 25.24 23.47 22.55 21.81 23.25 23.54
Pre Tax Margin(%) -16.86 -8.46 2.01 18.19 21.31 22.31 22.26 21.42 22.74 22.89
PAT Margin (%) -18.36 -8.45 0.24 27.33 14.17 16.39 16.67 16.02 17.29 17.31
Cash Profit Margin (%) -11.63 -3.2 1.91 28.79 16.01 18.37 18.22 17.46 18.89 19.23
ROA(%) -10.75 -4.61 0.17 24.39 14.14 14.84 16.48 15.14 16.53 15.71
ROE(%) -123.27 -84.03 6.95 153.59 37.61 29.93 29.85 29.42 32.85 29.91
ROCE(%) -7.51 0.58 9.33 37.28 35.68 32.58 36.1 38.46 43.78 39.4
Receivable days 37.51 54.48 67.7 77.28 83 79.68 44.5 41.76 51.01 59.46
Inventory Days 227.56 240.1 152.07 113.21 107.66 94.21 109.2 138.93 136.33 129.52
Payable days 86.38 103.54 84.63 38.92 25.6 24.51 31.06 42.84 67.28 82.94
PER(x) 0 0 0 0 0 0 0 0 56.5 40.14
Price/Book(x) 0 0 0 0 0 0 0 0 17.2 10.46
Dividend Yield(%) 0 0 0 0 0 0 0 0 0.9 0.2
EV/Net Sales(x) 1.12 1.27 0.44 0.35 0.15 -0.22 0.07 -0.05 9.77 6.95
EV/Core EBITDA(x) -39.11 20.59 5.08 1.48 0.54 -0.87 0.28 -0.19 39.31 27.92
Net Sales Growth(%) 0 -5.92 29.27 15.02 0.87 -8.37 31.61 23.4 17.34 15.23
EBIT Growth(%) 0 107.5 1075.92 265.49 13.4 -14.81 26.48 19.31 25.08 16.71
PAT Growth(%) 0 56.59 103.58 0 -47.71 6 33.87 18.58 26.67 15.32
EPS Growth(%) 0 41.88 103.58 0 -49.05 -0.17 33.06 18.57 26.67 15.32
Debt/Equity(x) 7.48 28.49 13.48 1.36 0.52 0.16 0.09 0 0.01 0.04
Current Ratio(x) 0.77 0.92 0.92 1.08 1.55 1.77 1.99 1.69 1.72 1.68
Quick Ratio(x) 0.21 0.42 0.47 0.58 1.05 1.27 1.13 0.96 0.93 1.03
Interest Cover(x) -1.3 0.08 1.4 5.27 6.43 20.35 75.96 57.16 46.46 35.98
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0 0

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 15% 19% 15% 0%
Operating Profit CAGR 15% 20% 13% 0%
PAT CAGR 15% 20% 20% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 24% NA% NA% NA%
ROE Average 30% 31% 30% 14%
ROCE Average 39% 41% 38% 27%

Company Contact Information

Inox India Ltd.

9th Floor K P Platina Racecourse

IPO Lead Manager(s)

Inox India Ltd.

Axis Capital Ltd.

ICICI Securities Ltd

Registrar Info

Inox India Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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