Posted 12/10/2023, 12:18:00 PM
Inox India Announces IPO to Raise Visibility and Fund Growth in Industrial Gas Sector
- Inox India, a leading cryogenic tank manufacturer, has announced its IPO from Dec 14-18 through an Offer for Sale
- The IPO is part of Inox's strategy to enhance visibility, credibility, and access more investors
- Anchor investor allocations are on Dec 13, with 50% shares for institutional buyers
- Inox recently reported strong financial growth, with 25% increase in profits to ₹103 crore
- The IPO comes as Inox is well positioned in industrial gas and LNG sectors, which are critical for industries