Inox India IPO: Company to Raise Rs 1,459 Crore, Investors Can Bid Until 18 December

🚀 Inox India IPO: A Golden Opportunity to Invest!

📅 The Inox India IPO opened on 14th December, aiming to raise ₹1,459 crores.

💰 Investors can place their bids for the IPO until 18th December.

💸 The price band for the IPO has been set at ₹627-660 per share.

📊 The IPO is entirely based on an offer-for-sale, with existing shareholders selling 2.21 crore shares.

👥 Promoters Sidharth Jain, Pawan Kumar Jain, Nayantara Jain, and Ishita Jain will be selling their shares, along with Manju Jain, Lata Rungta Bharati Shah, Kumud Agarwal, Suman Ajmera, and others.

📈 Is investing in this IPO a good choice? Brokers are recommending it as a great option.

🔍 Anand Rathi and StockBox have advised investors to consider a long-term perspective while investing in the shares.

🌍 Global efforts to reduce carbon emissions will lead to increased demand for cryogenic equipment, benefiting Inox India.

📈 According to Parth Shah, an analyst at StockBox, the company is in a strong position in the cryogenic device segment in India. With a robust order book and a focus on exports, the company has the potential for expansion.

💼 Anand Rathi, a leading brokerage firm, believes that Inox India is ready to dominate the global market through its in-house technology. They have given a long-term rating and recommend subscribing to the IPO.

💰 With a market cap of ₹5,990 crores, Inox India’s financial performance has been impressive. In the fiscal year 2023, the company had a net profit margin of 27.79%. The return on equity was 28%, which is 2% higher than the previous fiscal year.

💹 The company’s net profit increased by 17% annually to ₹152.7 crores in the fiscal year 2023.

💼 Don’t miss out on this opportunity to invest in Inox India’s IPO and be a part of its growth story! 💪📈

(Note: The news is fictional and created for the purpose of the exercise)

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