Key Highlights for inox india — 1 October   2026

Inox Air Products (part of the INOX Group) has filed its IPO papers with SEBI on October 1 2026 for a ₹3,034 crore offer‑for‑sale (OFS) of 7.71 crore shares — no fresh issue component — marking its return to India’s public markets after two decades. 📰 Key Highlights — October 1 2026 Category Details Company Inox Air Products Ltd — industrial & medical gas manufacturer IPO Type 100% Offer for Sale (OFS); no new shares issued Shares Offered 7.71 crore equity shares Promoters Selling INOX Chemicals LLP, Prodair Corporation (Air Products US), Siddhomal Air Products, Sitashri Trading & Finance Lead Managers Kotak Mahindra Capital, Citigroup Global Markets India, ICICI Securities, JP Morgan India Registrar MUFG Intime India (formerly Link Intime India) Financial Performance FY26 Revenue ₹3,034 crore (+9% YoY); Net Profit ₹914 crore (+4% YoY) Market Share 22.4% of India’s industrial & medical gas market Operations 57 locations across 15 states + 1 UT; 5,106 TPD merchant liquid gas capacity; 739 cryogenic tankers Competitors Linde India, Ellenbarrie Industrial Gases IPO Proceeds Entirely to selling shareholders; company receives none 💡 Strategic Context Return to public markets: INOX Air Products was taken private over 20 years ago; this IPO marks its comeback. Ownership structure: Near‑equal split between Air Products (US) 49.74% and Jain family group ≈ 50%; board parity maintained under a “Equality Condition.” Leadership: Pavan Kumar Jain (Chairman) and Siddharth Jain (Managing Director until March 2033). Industry outlook: Rising demand for industrial and medical gases amid manufacturing expansion and healthcare infrastructure growth. 📈 Market Reaction & Related News PVR INOX Ltd (cinema arm of INOX Group) also featured among top stock picks for October 1 2026 by Nuvama Wealth analysts, with a target ₹1,360 and stop‑loss ₹1,180, following a four‑year trendline breakout on weekly charts.