Inox Air Products Ltd. has filed its DRHP with SEBI for a proposed IPO consisting entirely of an offer for sale. Existing shareholders plan to sell up to 7.7 crore shares, meaning the proposed issue will not include a fresh share component for raising new capital.
The selling shareholders include Prodair Corp., a subsidiary of Air Products and Chemicals, and Inox Chemicals. The company is engaged in the production and supply of industrial and medical gases.
In FY26, Inox Air Products reported a 9% YoY increase in revenue to Rs.3,034 crore, while net profit rose 4% to Rs.914 crore. The final IPO size, price band and subscription timetable are yet to be announced.
