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Inox India files draft papers

Cryogenic tank maker Inox India has filed a draft red herring prospectus with SEBI to raise funds through an IPO. The offering will comprise an offer for sale by promoters and other shareholders and will include a total of 22.11 million shares. The company operates three manufacturing facilities and reported a net profit of INR 152.71 crore ($20.6 million) in FY23.
Dishita Jain Pavan Kumar Jain Nayantara Jain Siddharth Jain Silvassa Dadra Securities Ltd

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