The Inox CVA IPO is an Offer for Sale (OFS) with a total issue size of Rs 1,459.32 crores, comprising 2.21 crore shares. Here are the key details of the Inox CVA IPO:
### Inox CVA IPO Overview:
– **Issue Size:** ₹1,459.32 crores (Offer for Sale of 2.21 crore shares)
– **Type:** Book Built Issue (Offer for Sale)
– **IPO Dates:** December 14, 2023, to December 18, 2023
– **Allotment Date:** December 19, 2023
– **Listing Date:** December 21, 2023, on BSE, NSE
– **Face Value:** ₹2 per share
– **Price Band:** ₹627 to ₹660 per share
– **Lot Size:** 22 Shares
– **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)
### Inox CVA IPO Reservation:
– **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
### Inox CVA IPO Price Band and Lot Size:
– **Price Band:** ₹627 to ₹660 per share
– **Lot Size:** 22 Shares
– **Minimum Investment (Retail):** ₹14,520
### Inox CVA IPO Lot Size Calculator:
Investors can bid for a minimum of 22 shares and in multiples thereof. The minimum and maximum investment details for retail investors and HNI are provided.
### Inox CVA IPO Promoter Holding:
– **Promoters:** Pavan Kumar Jain, Nayantara Jain, Siddharth Jain, and Ishita Jain
– **Share Holding Pre-Issue:** 99.30%
– **Share Holding Post-Issue:** 75.46%
### Inox CVA IPO Anchor Investors:
– **Anchor Bid Date:** December 13, 2023
– **Shares Offered:** 6,633,285
– **Anchor Portion Size (In Cr.):** ₹437.80
– **Anchor Lock-in Period End Date (50% shares):** January 31, 2024
– **Anchor Lock-in Period End Date (remaining shares):** April 24, 2024
### Inox CVA IPO Timeline:
– **IPO Opens:** December 14, 2023
– **IPO Closes:** December 18, 2023
– **Basis of Allotment:** December 19, 2023
– **Refund Initiation:** December 20, 2023
– **Shares Credited to Demat:** December 20, 2023
– **Listing Date:** December 21, 2023
– **Cut-off time for UPI mandate confirmation:** 5 PM on December 18, 2023
### Inox India Limited Overview:
– **Incorporation Year:** 1976
– **Business Divisions:**
1. **Industrial Gas:** Cryogenic tanks and systems for industrial gases, including green hydrogen and oxygen.
2. **LNG:** Equipment for LNG storage, distribution, and transportation, and small-scale LNG infrastructure solutions.
3. **Cryo Scientific:** Equipment and turnkey solutions for cryogenic distribution in scientific and industrial research.
### Financial Information (Restated Consolidated):
– **Revenue Increase (FY22 to FY23):** 22.46%
– **PAT Increase (FY22 to FY23):** 17.02%
– **Market Cap:** ₹5,990.39 Cr
– **P/E (x):** 39.22
– **ROE:** 27.79%
– **ROCE:** 36.53%
– **EPS (Rs):** 16.83
### Inox CVA IPO Objectives:
1. **Offer for Sale:** Selling Shareholders offering up to 22,110,955 Equity Shares.
2. **Listing Benefits:** Achieving the benefits of listing, enhancing visibility, and providing a public market for Equity Shares.
### Inox CVA IPO Review:
Investors should consider the positive financial performance, niche market position, and significant role in projects like ISRO’s Chandrayan-3. The issue is fully priced, and the company is poised for bright prospects ahead.
*Note: For detailed information, refer to the Inox CVA IPO RHP (Red Herring Prospectus) and DRHP (Detailed Red Herring Prospectus).*
