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Inox India IPO subscribe: Inox India IPO opens for subscription. Should you apply?

Inox India IPO is completely an offer for sale (OFS) of 2.21 crore shares with a face value of Rs 2 each. There is no fresh issue segment in the IPO. The company has fixed a price band of Rs 627-660, where investors can bid for a minimum of 22 shares in one lot. Under the OFS, Siddharth Jain, Pavan Kumar Jain, Nayantara Jain, Ishita Jain, Manju Jain, and Lata Rungta among others will offload shares. ....

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Inox India looks attractive for investors seeking exposure to industrial gas segment

The company is in the process of building a new plant with an investment of Rs 200 crore using internal accruals. The life of cryogenic tanks could be as high as 35-40 years and typically it is used in mission critical operations. The company derives 78% of revenue from sales of tanks for industrial gases such as Nitrogen, Oxygen, argon, 25% from LNG tanks and balance from cryo-scientific applications where it supplies equipment to ISRO and other companies dealing in space research. ....

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