Inox India Ltd has filed draft papers with Securities Exchange Board of India to raise funds via initial public offerings.
Cryogenic tank maker Inox India Ltd has filed the draft papers with the Securities Exchange Board of India to raise funds through a public issue.
The IPO will be a pure offer-for-sale of up to 22.11 million shares by its existing shareholders and promoters. The OFS will constitute up to 10.44 million shares by Siddharth Jain, up to 5 million shares each by Pavan Kumar Jain and Nayantara Jain, up to 1.2 million shares by Ishita Jain and 2.3 lakh shares by Manju Jain.
ICICI Securities and Axis Capital are the lead managers to the issue.
Cryogenic tank maker Inox India Ltd has filed the draft papers with the Securities Exchange Board of India to raise funds through a public issue.
The IPO will be a pure offer-for-sale of up to 22.11 million shares by its existing shareholders and promoters. The OFS will constitute up to 10.44 million shares by Siddharth Jain, up to 5 million shares each by Pavan Kumar Jain and Nayantara Jain, up to 1.2 million shares by Ishita Jain and 2.3 lakh shares by Manju Jain.
ICICI Securities and Axis Capital are the lead managers to the issue.
For FY23, the company reported a revenue of Rs 965.90 crore as against Rs 782.71 crore a year ago. Net profit for the year stood at Rs 152.71 crore versus Rs 130.50 crore last year. Its EBITDA margin, however, declined 22.62 percent in fiscal year from 23.47 percent last year. Total debt as of March 2023 was at Rs 8.99 crore as against Rs 54.54 crore last year.