Stories
Inox Air Products Files Draft Papers for Rs 10,000-11,000 Crore IPO
N
News18•01-10-2026, 16:15
Inox Air Products Files Draft Papers for Rs 10,000-11,000 Crore IPO
- •Inox Air Products Ltd has filed draft papers with Sebi for an initial public offering (IPO) estimated between Rs 10,000-11,000 crore.
- •The IPO is entirely an offer-for-sale (OFS) of up to 7.72 crore equity shares by promoters, meaning Inox Air Products will not receive any proceeds.
- •The OFS aims to provide an exit for selling shareholders including Prodair Corporation, INOX Chemicals LLP, and Siddho Mal Trading LLP.
- •Inox Air Products is a leading integrated industrial, medical, electronic, and specialty gases company with 28 liquid gas manufacturing locations.
- •The company has a joint venture with Air Products and Chemicals Inc and operates a large fleet of cryogenic tankers, also venturing into green hydrogen.
Key Questions Answered
Inox Air Products has filed draft papers with Sebi for an initial public offering valued between Rs 10,000 crore and 11,000 crore. The proposed public issue is entirely structured as an offer-for-sale (OFS) of up to 7.72 crore equity shares by its promoters, meaning the company will not receive any proceeds from the offering.
The offer-for-sale involves shares being offloaded by Prodair Corporation, INOX Chemicals LLP, Siddho Mal Trading LLP, Siddhomal Air Products, and Sitashri Trading and Finance.
The book-running lead managers appointed for the Inox Air Products public issue are Kotak Mahindra Capital Company, Citigroup Global Markets India, ICICI Securities, and JP Morgan India.
