According to a report by bright mint citing sources.
The report, however, says talks are at a very early stage at this point, and details such as the size of the IPO and the dilution of the stake will likely be discussed when the company hires a banking syndicate. The company has yet to release an official statement regarding its IPO plan.
In addition to supplying medical grade oxygen generation plants to hospitals, Airox sells products for industrial oxygen applications. Currently, the company claims to have more than 850 oxygen plant facilities across the country.
Airox Technologies, according to observers, is “very profitable” and its revenues are in the range of Rs 100-200 crore. However, skeptics aren’t sure how profitable the business will be when the pandemic subsides or when the rate of hospitalization of cases declines.
