Airox Technologies Ltd IPO: Open/Close Date, Price, Lot Size, Allotment, Subscription

Airox Technologies Ltd IPO Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

To be announced

IPO Closing Date

To be announced

Basis of Allotment

To be announced

Initiation of Refunds

To be announced

Credit of Shares to Demat Account

To be announced

IPO Listing Date

To be announced

About Company

Airox Technologies Ltd. operates in the domain of PSA oxygen and is a leader in providing on-premise PSA oxygen generators with 872 installed capacities. As of fiscal 2022, Airox Technologies controlled 50–55% of the PSA medical oxygen market among operational private hospitals.

Airox Technologies, founded in 2012, has a decade of experience manufacturing PSA oxygen generators. Its product range also includes AMOG-22 oxygen generators, oxygen analyzers, auto changeover systems, container-based oxygen generators, etc.

It has one manufacturing unit of 3,723 sq. ft. in Aurangabad, Maharashtra, equipped with modern technology and automated systems. It caters to 28 states and three union territories in India and the overseas markets of Bangladesh, Nepal, Bhutan, the Philippines, the African continent, and Indonesia.

Airox Technologies Limited IPO Details

Airox Technologies Limited IPO is an offer for the sale of equity shares worth Rs. 750 crores. Airox Technologies IPO date and Airox Technologies IPO price have not yet been announced.

Airox Technologies Limited IPO Objective

The offer is an offer for sale of equities. Hence, the corporation will not receive any proceeds from the IPO.

Should you invest in Airox Technologies Limited?

Here are a few top reasons to consider before investing in the IPO:

The company is a market leader in PSA oxygen generators, with a significant domestic and global presence.
The Indian healthcare delivery industry is expected to grow at a 13–15% CAGR, prompting demand for installed PSA oxygen generators. Currently, among 1,09,000 hospitals, only 4,000 have on-site oxygen production facilities.
The demand for medical oxygen is expected to grow at a CAGR of 7-8% from 2020 to 2027.
The company offers a diversified product portfolio, including after-sales services, allowing revenue diversification.

Competitive Peers

There are no listed companies in India whose business is comparable with that of Airox Technologies and comparable to its scale of operations.

Noteworthy Highlights of Airox Technologies Limited

The company, with an installed capacity of 872 PSA oxygen generators in fiscal 2022 and a daily consumption of 350 tons/day, controlled 25–27% of medical oxygen consumption (non-COVID and non-industrial).
The PSA oxygen generator market is expected to grow 3x in the next six fiscal years to Rs. 32.2 billion by the end of 2027.
It installed 285 PSA oxygen generators in fiscal 2022.

Airox Technologies Ltd Company Financials

Particulars	Year ending on March 31, 2022 (₹ million)	Year ending on March 31, 2021 (₹ million)	Year ending on March 31, 2020 (₹ million)
Revenue from Operations	2,265.97	729.87	171.25
Profit After Tax (PAT)	900.38	158.73	7.60
PAT Margin	39.19%	21.67%	4.41%
EBITDA	1,224.86	234.85	21.22
EBITDA Margin	54.05%	32.18%	12.39%
ROE	83.74%	89.63%	46.37%

Know before investing

Strengths

The company is a leading provider of PSA oxygen generators in India.
It caters to a diversified client base that includes state governments, corporate clients like Reliance Foundation and Toyota, private hospitals, etc.
Its modern and automated manufacturing facility is supported by a dedicated development and research team.

Risks

It is hard to predict the future demand for its products or the impact of the post-Covid situation.
Price fluctuations, availability, and quality of raw materials can cause a delay or increase in the cost of its products.
Manufacturing defects in products can cause the loss of customers and revenue.

How to Apply in IPO
How to Check IPO Allotment Status

Select desired IPO & tap on "Apply"

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Airox Technologies Ltd IPO FAQs

What is Airox Technologies Limited's IPO?

Airox Technologies Limited IPO is an offer for sale of Rs. 750 crores. We will update the Airox Technologies Limited IPO price when it is announced.

When will Airox Technologies Limited's IPO allotment be available?

Will be updated soon.

What will be Airox Technologies Limited's IPO lot size?

Will be updated soon.

When will Airox Technologies Limited's IPO open for subscription?

Will be updated soon.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot.

When will Airox Technologies Limited list on exchanges?

Will be updated soon.

How do I check the allotment status of the Airox Technologies Limited IPO?

You can check the Airox Technologies Limited IPO allotment status from Angel One’s mobile app. Log in to the app and validate with an OTP. In the next step, enter your application number, DP ID, and PAN number into the app to check the allotment status.

What would be the listing gains on the Airox Technologies Limited IPO?

Listing gains cannot be ascertained before the listing of the IPO shares on the stock exchange.

I have finished the application process for the Airox Technologies Limited IPO, but the funds are not yet debited. What is the reason?

The bank will only block the amount in your account. The money will not be debited before the IPO shares are allotted.

How to approve the UPI mandate request for Airox Technologies Limited IPO?

You must complete the bidding process by logging in to your UPI handle to approve the payment mandate.

Can I submit more than one application for the public issue of Airox Technologies Limited using one PAN?

You can submit only one application using one PAN card.

What is the minimum order quantity for the Airox Technologies Limited IPO?

Will be updated soon.