INOX Air Products files DRHP for IPO; existing shareholders to sell up to 7.72 cr shares
The proposed IPO will see existing shareholders sell up to 77,156,663 equity shares of face value ₹1 each
INOX Air Products Ltd has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an IPO comprising an offer for sale (OFS) of up to 7.72 crore equity shares. The company, an integrated industrial, medical, electronic and specialty gases provider, would see existing shareholders, including Prodair Corporation and INOX Chemicals LLP, selling up to 77,156,663 shares.
The IPO is being managed by Kotak Mahindra Capital Company, Citigroup Global Markets India, ICICI Securities and JP Morgan India, and comments must be in full English sentences, per community guidelines.
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