Vikrant Shekhawat : Dec 11, 2023, 08:58 AM
Inox India IPO: The price band of Inox India IPO has been announced by the company. The price band of this IPO, which will open on December 14, has been fixed at Rs 627 to Rs 660 per share. Common investors will be able to bid in this IPO till December 18. Its anchor book will open on December 13, just a day before the opening of the IPO.Details of Inox India IPOThe issue size of Inox India IPO is going to be Rs 1,459.32 crore. This IPO is a complete OFS. In this, about 2.21 crore shares will be sold by investors. Promoters Siddharth Jain, Pawan Kumar Jain, Nayanthara Jain and Ishita Jain, Manju Jain, Lata Rungta, Bharti Shah, Kumud Gangwal, Suman Ajmera and Rajni Mohatta are going to participate in this OFS. Let us tell you, under OFS the money goes directly into the accounts of the promoters and investors.Inox India IPO Lot SiteThe lot size of Inox India IPO has been fixed at 22 shares. Retail investors will have to bid a total of Rs 14,520 to bid for one lot. In this IPO, bids can be made for a maximum of 13 lots or 286 shares, which cannot exceed Rs 2 lakh.Inox India businessInox India manufactures cryogenic equipment. Also provides solutions in design, engineering, manufacturing and installation of equipment and systems for cryogenic solutions. In the financial year 2022-23, there was an increase of 17 percent in the company's profit and it was around Rs 152, whereas in the financial year 2021-22, the company had made a profit of Rs 130 crore. The company's income in the financial year 2022-23 was Rs 965 crore, which was Rs 782 crore a financial year earlier. The debt of the company is Rs 8.99 crore, which earlier was more than Rs 54 crore.