The company plans to raise fund through IPO by offer-for-sale (OFS) of up to 22.11 million shares as the promoters plan to sell their shares. In August, the company had filed draft papers for an IPO.
Cryogenic tank maker Inox India has filed a draft red herring prospectus with SEBI to raise funds through an IPO. The offering will comprise an offer for sale by promoters and other shareholders and will include a total of 22.11 million shares. The company operates three manufacturing facilities and reported a net profit of INR 152.71 crore ($20.6 million) in FY23.
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