31 Mar 2026 | 5 Mins Read

INOX Air Products plans $1 billion IPO, appoints bankers

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INOX Air Products, a joint venture between Air Products and Chemicals and INOX Group, plans a $1 billion IPO in Mumbai, appointing Kotak, JPMorgan, and Citi as its managers. The company operates 50 locations, producing 4,200 tonnes of liquid gases daily for 1,800 customers across 18 industries. It aims to file its IPO prospectus within a month, seeking approval for the listing.