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The Economic Times

Debaroti Adhikary

Gas maker Inox Air Products files IPO papers with Sebi, public issue to entirely comprise OFS

SEBI OFS IPO Debaroti Adhikary United States

Inox Air Products has filed its draft red herring prospectus (DRHP) with Sebi for an initial public offering (IPO), with the maiden issue entirely comprising an offer for sale (OFS) of 7.7 crore shares by existing shareholders and no fresh issue component.

Inox Air Products, a joint venture between US industrial gas maker Air Products and Chemicals and India's INOX Group, filed its IPO paper with Sebi on Wednesday. Promoters Prodair Corporation and INOX Chemicals are among the selling shareholders in the OFS.

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