Live Updates on Inox India Share Price: The share price of Inox India made a strong start on the exchanges today. INOX India’s share price was listed at ₹949.65 on the NSE, which is 43.88% more than the ₹660 issue price. The share price of INOX was listed at ₹933.15 on the BSE today. Nevertheless, INOX India’s share price fell by more than 7% after listing.
It is today, Thursday, that Inox India Ltd will debut on the stock market. December 21 has been set aside for the Inox India IPO listing date, and the shares will be listed on the BSE and NSE stock exchanges. The Inox India initial public offering (IPO) ran from December 14 to December 18, with the finalization of the IPO allocation occurring on December 19. Inox India’s initial public offering
The company is divided into three sections:
Gases for Industry: This division produces, markets, and installs cryogenic tanks and systems for the distribution, storing, and conveyance of industrial gases, such as nitrogen, oxygen, hydrogen, and green hydrogen. It provides post-purchase services as well.
LNG: This division manufactures, supplies, and installs standard and engineered equipment for LNG storage, distribution, and transportation in addition to small-scale LNG infrastructure solutions suitable for industrial, marine, and automotive applications.
Cryo Scientific: This section provides equipment for applications requiring a high degree of technology as well as turnkey solutions for cryogenic distribution research in science and industry.
Inox India Live Share Price: The financial performance of INOX India prior to issuance
Performance for FY21–23: During this period, revenue grew at a compound annual growth rate (CAGR) of 27.5%, showcasing the company’s impressive topline growth. The primary driver of the growth was the company’s export sales, which grew at a faster CAGR of 46.7% and are now contributing less to overall sales. According to reports, the gross profit margin ranged from 53-55%, the EBITDA margins from 21-23%, and the PAT margins from 16-17%.
Inox India Share Price Live: INOX IPO industry outlook
The CRISIL Report projects that the global cryogenic equipment market will be valued at $11.5 billion in 2022, and that demand will rise at a 6.9% CAGR beginning in 2023 and reaching $16.6 billion by 2028.
In CY 2022, the top nine companies accounted for 35–48 percent of the global cryogenic equipment market. In terms of revenue for the year 2022, the company is ranked in the top 10 globally for cryogenic equipment manufacturers.
