Inox India Limited IPO Detail

Incorporated in 1976, Inox India Limited manufactures and supplies cryogenic equipment.

The company's business comprises three divisions:

1. Industrial Gas: The division designs, produces, and installs cryogenic tanks and systems for the storage, transportation, and distribution of industrial gases, including green hydrogen and oxygen.

2. LNG: This division designs, manufactures, supplies, and installs both standard and engineered equipment for LNG storage, distribution, and transportation, as well as small-scale LNG infrastructure solutions that are suitable for industrial, marine, and automotive applications.

3. Cryo Scientific: This department provides equipment and turnkey solutions for scientific and industrial research involving cryogenic distribution with a focus on technology-intensive applications.

The product portfolio includes standard cryogenic tanks and equipment, beverage kegs, bespoke technology, equipment and solutions, as well as large turnkey projects which are used in diverse industries such as industrial gases, liquified natural gas ("LNG"), green hydrogen, energy, steel, medical and healthcare, chemicals and fertilizers, aviation and aerospace, pharmaceuticals and construction. In the six months ending September 30, 2023, and Fiscal 2023, Fiscal 2022 and Fiscal 2021, the company provided its equipment and systems to 1,255 domestic and 254 international customers across our three divisions. The company's major customers include Air Liquide Global E&C Solutions India Private Limited, Caribbean LNG Inc, 2G Energy Inc, ISRO, Hyundai Engineering and Construction Co Ltd, and many more. By September 2023, the company exported products and services to 66 countries, including the United States, Saudi Arabia, the Netherlands, Brazil, Korea, the United Arab Emirates, Australia, and Bangladesh. The manufacturing facilities are in Kalol, Kandla Special Economic Zone (Kandla SEZ), and Silvassa in the Union Territory of Dādra and Nagar Haveli. As of September 2023, the company's order book comprises ₹10,366.09 million.