Inox India Sets IPO Price Band At Rs 627–660 per share
Inox India Sets IPO Price Band At Rs 627–660 per share Cryogenic tank maker Inox India Ltd. has set a price band of Rs 627–660 per share for its initial public offering that's scheduled to open on December 14. The initial public offering is entirely an offer for sale of up to 2.21 crore shares by its existing shareholders and promoters, according to the draft red herring prospectus approved by market regulator SEBI on Tuesday. The company is looking to raise Rs 1,459.32 crore at the upper limit of the price band. Inox India has over 30 years of experience in cryogenic tank manufacturing. The company offers solutions across the design, engineering, manufacturing, and installation of equipment and systems for cryogenic conditions. It offers standard cryogenic tanks and equipment, beverage kegs, bespoke technology, equipment and solutions as well as large turnkey projects used in diverse industries, such as industrial gases, liquified natural gas, green hydrogen, en...