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Inox India files IPO papers to raise funds through offer-for-sale
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offer for sale of up to 2,21,10,955 equity shares (Face Value of ₹ 2) by Promoter selling shareholder and other selling shareholder (“Offer for sale")," the company said in a statement. The OFS will constitute up to 10.44 million shares by Siddharth Jain, up to 5 million shares each by Pavan Kumar Jain and Nayantara Jain, up to 1.2 million shares by Ishita Jain and 2.3 lakh shares by Manju Jain.
ICICI Securities and Axis Capital are the book-running lead managers to the issue. Inox India has been operating for the past 30 years and offers solutions across design, engineering, manufacturing and installation of equipment and systems for cryogenic conditions.
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