OTHER GROUP COMPANIES
market

Airox Technologies files DRHP papers worth Rs750 crore with SEBI

JM Financial Limited and ICICI Securities Limited are the Book Running Lead Managers to the issue.

September 30, 2022 3:33 IST | India Infoline News Service
Manufacturer of oxygen generator Airox Technologies Limited, with a market share of 50-55% as of Fiscal 2022, has filed its Draft Red Herring Prospectus (“DRHP”) with market regulator Securities and Exchange Board of India (“SEBI”).

The Company’s initial public offering comprises an offer for sale of shares aggregating up to Rs7,50crore with face value Rs10 each by selling shareholders.

The offer for sale comprises of equity shares aggregating up to Rs525 crore by Sanjay Bharatkumar Jaiswal and equity shares aggregating up to Rs225 crore by Ashima Sanjay Jaiswal (collectively, The “Promoter Selling Shareholders”).

The company is among the pioneers to facilitate the penetration of on premise PSA oxygen generators in Indian hospitals with nearly 872 installed and operational PSA oxygen generators, as of March 31, 2022.

The company has been able to capture and penetrate the Indian medical oxygen generation market to become a market leader with around 30-31% of market share as of Fiscal 2022, in terms of total installed operational PSA oxygen generators in India, which includes both government and public sector hospital PSA medical oxygen market.

JM Financial Limited and ICICI Securities Limited are the Book Running Lead Managers to the issue.

For feedback and suggestions, write to us at editorial@iifl.com

Invest wise with Expert advice

FEATURED ARTICLE

BLOGS

Open Demat Account

Invest wise with Expert advice

By continuing, I accept the Terms & Conditions and agree to receive updates on Whatsapp