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Inox Air Products Files for Massive ‘Offer for Sale’ IPO Valued at ‘10,000-11,000 Crore
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CNBC TV18•01-10-2026, 18:47
Inox Air Products Files for Massive ‘Offer for Sale’ IPO Valued at ‘10,000-11,000 Crore
- •Inox Air Products has filed preliminary papers with SEBI for an Initial Public Offering (IPO) estimated to be worth ‘10,000-11,000 crore.
- •The IPO will be an Offer for Sale (OFS) of up to 7.72 crore shares by existing shareholders, meaning the company will not receive any proceeds.
- •Key shareholders selling shares include Prodair Corporation, INOX Chemicals LLP, Siddho Mal Trading LLP, Siddhomal Air Products, and Sitashri Trading and Finance.
- •Inox Air Products manufactures industrial, medical, electronic, and specialty gases, operating 28 liquid gas manufacturing plants with a combined capacity of 5,106 tonnes per day.
- •The company is expanding into hydrogen, operating seven steam methane reforming (SMR) plants and two electrolysis plants, and has commissioned a green hydrogen project for a glass manufacturing customer.
Key Questions Answered
Inox Air Products has filed preliminary papers with SEBI for an initial public offering estimated to be worth between ₹10,000 crore and ₹11,000 crore.
No, the entire issue is an offer for sale (OFS) of up to 7.72 crore shares by existing shareholders, meaning the company will not receive any of the money raised.
The book-running lead managers appointed for the initial public offering are Kotak Mahindra Capital Company, Citigroup Global Markets India, ICICI Securities, and JP Morgan India.
