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    Sonal Shridhar Shinde in News

    06-Mar-2023 05:03 PM


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    Airox Technologies Withdraws Rs 750-Crore IPO

    The draft offer documents for the IPO were withdrawn on February 28. Medical equipment manufacturer Airox Technologies has decided to withdraw its Rs 750-crore initial public offering (IPO).
    However, the draft offer documents for the IPO were withdrawn on February 28 and the reasons for the withdrawal have not been disclosed, an update with the markets regulator showed on Monday.
    The Aurangabad-based company is a manufacturer of PSA (pressure swing adsorption) oxygen generators and has a market share of 50-55 per cent in terms of the operational private hospital PSA medical oxygen market as of fiscal 2022.
    PSA oxygen generators are the equipment that produces oxygen with purity using adsorbents to remove nitrogen gas from the air.
    Source: NDTV