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- A prominent manufacturer of cryogenic equipment and were one of the leading cryogenic tank manufacturers in the world by revenues in 2021. (Source: CRISIL Report, December 2022)
- Has over 30 years of experience offering solutions across design, engineering, manufacturing and installation of equipment and systems for cryogenic conditions
-The largest exporter of cryogenic tanks from India in terms of revenue in Fiscal 2022. (Source: CRISIL Report, December 2022)
Leading Indian supplier and exporter of cryogenic equipment and solutions
The largest supplier of cryogenic equipment in India by revenues in Fiscal 2022 with four times the sales of the second largest player in the domestic market. (Source: CRISIL Report, December 2022). Further, with exports to 64 countries in Fiscal 2023, Fiscal 2022 and Fiscal 2021, they are well placed to capitalize on global opportunities in cryogenic equipment and systems as they design and manufacture equipment to international norms(Source: Company DRHP)
Large portfolio of specialized cryogenic equipment engineered to global quality standards
They offer comprehensive solutions across design, engineering, manufacturing and installation of standard as well as customized cryogenic equipment and systems. Their equipment and systems are used in industries such as energy, industrial gases, LNG and LCNG, steel, medical and healthcare, chemicals and fertilizers, pharmaceuticals, aviation and aerospace, pharmaceuticals and construction.(Source: Company DRHP)
Diversified domestic and international customer base across industry sectors
They have a diversified customer base across industry sectors and geographies. They have provided their equipment and systems to over 1,201 domestic customers and over 228 international customers across three divisions in Fiscal 2023, Fiscal 2022 and Fiscal 2021. They provide cryogenic storage, distribution and transportation equipment and systems to corporate and government customers (Source: Company DRHP)
Business is dependent and will continue to depend on their manufacturing facilities
Their business is dependent upon ability to manage their manufacturing facilities, which are subject to various operating risks, including those beyond control, such as the breakdown or failure of equipment, industrial accidents, severe weather conditions and natural disasters. Although they have not experienced any serious accidents in the past three years, they may experience accidents in the future which could adversely affect the business, results of operations and financial condition.
There is pending litigation against Company, Promoters, Subsidiaries and certain of its Directors.
Certain legal proceedings involving the Company, Promoters, Subsidiaries and certain of its Directors are pending at different levels of adjudication before various courts, tribunals and authorities. In the event of adverse rulings in these proceedings or consequent levy of penalties, they may need to make payments or make provisions for future payments and which may increase expenses and current or contingent liabilities
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Choose the IPO you want to apply from the list. Click on Apply.
Fill in the quantity of shares. To apply at maximum price, check the cut-off price box and amount is auto calculated. If you want to apply at some other price within the price band, then you can enter the price manually by clicking on “Add bid” option.
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