INOX India Ltd (Ticker: INOXINDI IN) focuses on the manufacturing of cryogenic storage equipment. Founded in 1976, the company is a leading global provider and manufacturer in this sector. The company specializes in vacuum insulated cryogenic equipment, catering to a range of cryogens such as Helium, Hydrogen, Nitrogen, Oxygen, Argon, CO2, N2O, LNG, and Ethylene, with capabilities spanning the entire cryogenic temperature range from 2~200 Kelvin (-271 to -73°C).

INOX India Ltd announced its Initial Public Offering on December 8, 2023, aiming to raise INR 14.59 billion (USD 175.02M). The IPO is managed by Axis Capital Ltd and ICICI Securities Ltd. The company plans to offer 22.11 million shares, all of which are secondary shares, with an expected price range of INR 627.00 to 660.00 per share. The launch date for the IPO is set for December 8, 2023, with the pricing date post-market on December 21, 2023, and the expected listing date is also December 21, 2023. There are no greenshoe options detailed in this offering.