Inox India has received the Securities and Exchange Board of India’s (SEBI's) approval to float an initial public offering (IPO). The company’s IPO is entirely an Offer For Sale (OFS) of up to 2.21 crore shares by its existing shareholders and promoters.
The equity shares are proposed to be listed on the BSE and NSE. It is aimed at achieving the benefit of listing equity shares on the stock exchanges and carrying out OFS for the selling shareholders. ICICI Securities and Axis Capital are the book-running lead managers to the issue.
Inox India, one of the leading cryogenic tank manufacturers, has over 30 years of experience offering solutions across the design, engineering, manufacturing, and installation of equipment and systems for cryogenic conditions.
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