Inox CVA IPO
Inox CVA IPO is set to hit the markets, presenting an opportunity for investors to delve into the world of cryogenic equipment manufacturing. Let’s explore the intricacies of this offering.
IPO Details
| Parameter | Details |
|---|---|
| IPO Opening Date | December 14, 2023 |
| IPO Closing Date | December 18, 2023 |
| Allotment Date | December 19, 2023 (Expected) |
| Listing Date | December 21, 2023 (Tentative) |
| Face Value | ₹2 per share |
| Price Band | ₹627 to ₹660 per share |
| Lot Size | 22 Shares |
| Total Issue Size | 22,110,955 shares (₹1,459.32 Cr) |
| Offer for Sale | 22,110,955 shares (₹1,459.32 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB | Not more than 50% of the Net Issue |
| Retail | Not less than 35% of the Net Issue |
| NII (HNI) | Not less than 15% of the Net Issue |
Inox CVA IPO GMP (Grey Market Premium)
| Price Range | Lot Size | Max. Investment | Bid Dates | Listing Date | GMP Yesterday (12 Dec 2023) | GMP Today (13 Dec 2023) | Expected Share Price | Expected Profit per Lot | Buy Y/N |
|---|---|---|---|---|---|---|---|---|---|
₹627 to ₹660 | 22 Shares | ₹ 14520 | 14-Dec-23 to 18-Dec-23 | 21-Dec-23 | ₹262 | ₹330 | ₹990 | ₹7260 | Y |
| Date | GMP |
| 13-Dec-2023 | ₹330 |
| 12-Dec-2023 | ₹262 |
| 11-Dec-2023 | ₹262 |
IPO Lot Size
Investors can bid for a minimum of 22 shares and in multiples thereof.
| 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 |
IPO Promoter Holding
The Promoters of Inox CVA are Pavan Kumar Jain, Nayantara Jain, Siddharth Jain, and Ishita Jain.
- Share Holding Pre Issue: 99.30%
- Share Holding Post Issue: 75.46%
Financial Information (Restated Consolidated)
Inox India Limited showcased robust financial performance over the past few years.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | ₹1,155.81 Cr | ₹1,148.36 Cr | ₹896.75 Cr | ₹687.20 Cr |
| Revenue | ₹580.00 Cr | ₹984.20 Cr | ₹803.71 Cr | ₹608.99 Cr |
| Profit After Tax | ₹103.34 Cr | ₹152.71 Cr | ₹130.50 Cr | ₹96.11 Cr |
| Net Worth | ₹554.24 Cr | ₹549.48 Cr | ₹502.28 Cr | ₹371.51 Cr |
Key Performance Indicator (KPI)
Inox CVA IPO Market Cap is Rs 5990.39 Cr, and P/E (x) is 39.22.
| KPI | Values |
|---|---|
| P/E (x) | 39.22 |
| Market Cap (₹ Cr.) | 5990.39 |
| ROE | 27.79% |
| ROCE | 36.53% |
| EPS (Rs) | 16.83 |
| RoNW | 27.79% |
Objects of the Issue (Inox CVA IPO Objectives)
The objectives of the Inox CVA IPO are:
- Carry out the Offer for Sale of up to 22,110,955 Equity Shares by the Selling Shareholders.
- Achieve the benefits of listing the Equity Shares on the Stock Exchanges.
The proposed listing is expected to enhance visibility, brand image, and provide a public market for the Equity Shares in India.
Inox CVA IPO Review (Apply)
[Dilip Davda] There are only three players in this segment and IIL is the only Indian company having a niche place. It has posted good financial performance for the reported periods. It has orders worth Rs. 1036 cr. on hand indicating prospects ahead. IIL played an important role in ISRO’s Chandrayan-3 mission. Based on FY24 annualized numbers, the issue appears fully priced, and ready to prove its capabilities going forward.
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