India's INOX Air Products files for IPO
APD•India's INOX Air Products filed for an IPO, seeking to sell up to 77.2 million shares. The offering includes up to 38.6 million shares from Prodair Corp and 11.8 million from Inox Chemicals.
1. IPO filing
Draft papers show INOX Air Products filed for an initial public offering and is looking to offload up to 77.2 million shares. The sale includes up to 38.6 million shares by top shareholder Prodair Corp and up to 11.8 million by Inox Chemicals.
2. Company details
INOX Air Products is a joint venture between Air Products and Chemicals and India's INOX Group. It makes industrial and medical gases, operates about 57 locations in India and has manufacturing capacity exceeding 5,058 TPD of liquid gases.
