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Inox Wind Limited IPO (Inox Wind IPO) Detail

March 18, 2015 - March 20, 2015

Inox Wind IPO is a book built issue of Rs 1,020.52 crores.

Inox Wind IPO bidding started from March 18, 2015 and ended on March 20, 2015. The shares got listed on BSE, NSE on April 9, 2015.

Inox Wind IPO price band is set at ₹315 to ₹325 per share. The minimum lot size for an application is 45 Shares. The minimum amount of investment required by retail investors is ₹14,625.

Axis Bank Limited, Bofa Securities India Limited, Edelweiss Financial Services Ltd and Yes Bank Limited are the book running lead managers of the Inox Wind IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Inox Wind IPO RHP for detailed information.

Inox Wind IPO Details

IPO Date March 18, 2015 to March 20, 2015
Listing Date April 9, 2015
Face Value ₹10 per share
Price Band ₹315 to ₹325 per share
Lot Size 45 Shares
Total Issue Size[.] shares
(aggregating up to ₹1,020.52 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Inox Wind IPO Reservation

Inox Wind IPO offers 23,201,121 shares. 6,637,826 (28.61%) to QIB, 4,818,989 (20.77%) to NII, 11,244,306 (48.46%) to RII, 500,000 (2.16%) to employees. 249,873 RIIs will receive minimum 45 shares and (sNII) and (bNII) will receive minimum 630 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered6,637,826 (28.61%)NA
NII (HNI) Shares Offered4,818,989 (20.77%)
Retail Shares Offered11,244,306 (48.46%)249,873
Employee Shares Offered500,000 (2.16%)NA
Total Shares Offered23,201,121 (100%)

Inox Wind IPO Lot Size

Investors can bid for a minimum of 45 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 45 ₹14,625
Retail (Max) 13 585 ₹190,125
Lot Size Calculator

About Inox Wind Limited

Incorporated in April 2009; Inox Wind Limited is leading wind power solutions provider in India. Inox manufactures wind turbine generators. Company also offer services including wind resource assessment, site acquisition, infrastructure development, erection and commissioning, and also long term operations and maintenance of wind power projects.

Company manufacture the components of wind turbine generators in-house with a view to ensuring high quality, advanced technology and reliability and maintaining cost competitiveness. Company has facilities dedicated to manufacturing nacelles, hubs, rotor blade sets and towers.

Inox Wind have a perpetual license from AMSC Austria GmbH (formerly Windtec GmbH), or AMSC, a leading wind energy technology company based in Austria, to manufacture 2 MW WTGs in India based on AMSC's proprietary technology.

In FY 2012 Company produced and sold 60 turbine generators and in FY 2013; 60 turbine generators of 2 MW each.

Company Financials

ParticularsFor the year/period ended (in Rs. Cr)
31-Mar-1331-Mar-1231-Mar-1131-Mar-10
Total Income1005.19622.0072.907.86
Profit After Tax (PAT)147.6099.846.41-1.36

Objects of the Issue (Inox Wind IPO Objectives)

The objects of the fresh issue are:
1. Expansion and upgradation of existing manufacturing facilities;
2. Long term working capital requirements;
3. Investment in our Subsidiary, IWISL, for the purpose of development of power evacuation infrastructure and other infrastructure development; and
4. General Corporate Purposes.

Inox Wind IPO Review (May apply)

[Dilip Davda]  

As the company belongs to well known investor friendly group and the renewable energy sector is set for a big boost going forward, moderate investment for long term plan may be considered.

Disclaimer: Author has no plans to invest in this IPO. Investors can use their own discretion for investing in this IPO, as any investment in stock market is attached to market risks.

Read detail review...


Inox Wind IPO Subscription Status (Bidding Detail)

The Inox Wind IPO is subscribed 18.60 times on March 20, 2015 7:48:00 PM. The public issue subscribed 2.15 times in the retail category, 35.68 times in the QIB category, and 35.38 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB35.68
NII35.38
Retail2.15
Employee0.12
Total18.60

Inox Wind IPO Prospectus

Inox Wind IPO Rating

569
3.9
Rating:Rated 3.9 stars
Vote Here ...

Inox Wind IPO Listing Details

Listing Date April 9, 2015
BSE Script Code 539083
NSE Symbol INOXWIND
ISIN INE066P01011
Final Issue Price ₹325 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹325.00
₹400.00
₹399.15
₹447.80
₹438.00
NSE
₹325.00
₹400.00
₹400.00
₹448.85
₹438.40

Check IPO Performance…

Inox Wind Limited Contact Details

Inox Wind Limited
Plot No. 1, Khasra Nos. 264 to 267,
Industrial Area, Village Basal � 174 103,
District Una, Himachal Pradesh, India
Phone: +91 1975 272001
Email: investors.iwl@inoxwind.com
Website: http://www.inoxwind.com/

Inox Wind IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: iwl.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html

Inox Wind IPO FAQs

Inox Wind IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹1,020.52 Crores. The issue is priced at ₹315 to ₹325 per share. The minimum order quantity is 45 Shares.

The IPO opens on March 18, 2015, and closes on March 20, 2015.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Inox Wind IPO opens on March 18, 2015 and closes on March 20, 2015.

Inox Wind IPO lot size is 45 Shares, and the minimum amount required is ₹14,625.

You can apply in Inox Wind IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Inox Wind IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Inox Wind IPO allotment status.

The Inox Wind IPO listing date is on April 9, 2015.
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Inox Wind IPO Message Board

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646 Comments

407. gucci |   Link |  Bookmark |April 15, 2015 9:39:27 AM
WHAT IS THE BASIS OF ALLOTMENT THESE DAYS? I APPLIED IN INOX WINDS FULL 2LAC APPLICATION & DIDN''T GET A SINGLE SHARE?

IS IT WORTH APPLYING FULL OR IT IS BETTER TO HAVE MORE APPLICATION FOR 1 LOT, SO BETTER CHANCES...AS SUCH 1 LOT WILL ONLY BE ALLOTTED IF RETAIL PORTION IS SUBSCRIBED MORE THAN ONE TIME...CAN ANYONE HELP ME UNDERSTAND?
407.1. Yo Yo IPO |   Link |  Bookmark |April 25, 2015 5:25:07 PM
If you want to apply full amount where retail is category is full and their is no discount to retail investor then it is beneficial to subscribe under HNI category,
becaeven if the HNI category is subscribed 200 times their will at least be allotment of one lot to each applicant there.
406. JAS DS |   Link |  Bookmark |April 13, 2015 3:54:03 PM
Sold 90 @441 on Friday. Not it can touch 480 in near future. Looks like it settled around 430. May move up or down based on market sentiment.
405. nalin |   Link |  Bookmark |April 13, 2015 1:11:33 AM
please advise if we should hold for long term for more upside ?
405.1. Mr. Singh |   Link |  Bookmark |April 17, 2015 1:57:46 PM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
I am still holding. I think it can be held for long term. There could be some profit booking in short term, but for long term it will give multifold return.
404. Arunachalanadar ganesan |   Link |  Bookmark |April 12, 2015 5:43:24 PM
Whether i can sell what I got in the recent ipo
403. TEJASH PATEL |   Link |  Bookmark |April 10, 2015 5:04:55 PM
Dear 404.1. star ipo Sir pls try once. than rest is on god and system
402. pinkyjain |   Link |  Bookmark |April 10, 2015 2:20:24 PM
Inox last time susbcription by nii and Qib made it worth.... Sorry ... But others who got allotment should thank as I made many to avoid this ipo which increased fair chance to others . Vrl plz apply 250+ listing is sure but allotment ratio will be hard
402.1. Mr. Singh |   Link |  Bookmark |April 17, 2015 1:59:01 PM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
Pinky Aunty, do you think that one will not subscribe based on your comments.
401. IPO GRUP |   Link |  Bookmark |April 10, 2015 10:17:57 AM
DEAR ALL RETAILES INVESRORS REC ME JO KUCH GAMBLING HUA USKE BARE ME JORDAR FORUM BANAKE SEBI.. ME COMPLAINT KARNACHHAIA NA HI TO NEXT OFS ME RETAILERS OUT HOJAYENGE NOTE?
400. Carn Mohan |   Link |  Bookmark |April 10, 2015 9:03:33 AM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
REC OFS high level 420 se with retail investors.
SEBI should setup inquiry.
400.4. Athar |   Link |  Bookmark |April 10, 2015 10:24:43 AM (200+ Posts)
Jas Singh brother will the sebi give response to the phone call
400.5. Mr. Singh |   Link |  Bookmark |April 17, 2015 2:00:53 PM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
I applied for 30 shares at 333.85 and got alloted. Final price after 5% disc is 317.16.
399. Carn Mohan |   Link |  Bookmark |April 10, 2015 9:02:41 AM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
REC OFS high level 420 se with retail investors.
398. amit rajput |   Link |  Bookmark |April 9, 2015 11:25:29 PM
All frds raise u r voice against REC frod no one geniune retailer get share all game played only last 5min before closing
397. M Gupta |   Link |  Bookmark |April 9, 2015 11:16:44 PM
IPO Mentor IPO Mentor (900+ Posts, 2400+ Likes)
CONG.. ALL THE INVESTORS...

U HAVE KOOOOTED MONEY
U HAVE LOOOOTED MONEY
397.1. Nasirul Choudhury |   Link |  Bookmark |April 10, 2015 12:42:57 PM (400+ Posts)
Yes Bro! We made money. What about VRL Logistics? I am not very confident.
396. Sbr |   Link |  Bookmark |April 9, 2015 11:05:05 PM (200+ Posts)
enjoy i have 6 appli.sold by 415 profit 27000 rupees.
395. Nasirul Choudhury |   Link |  Bookmark |April 9, 2015 9:55:16 PM (400+ Posts)
Where is IPOANALYSIS with his Supreme Impex, which is hardly being traded with just 1 rupee more than issue price???
395.3. Nasirul Choudhury |   Link |  Bookmark |April 10, 2015 12:41:48 PM (400+ Posts)
The 52 weeks high as per NSE Data is 63.50 (09/04/2015) and you sold @65?? Whom are you trying to fool man??
395.4. IPOANALYSIS |   Link |  Bookmark |April 10, 2015 4:29:19 PM
YES YOU ARE A FOOL.

I HAVE SOLD AT 5 RS. PLEAS SHARE YOUR EMAIL ADDRESS I WIL SEND YOU THE TRADED INFORMATION

PLEASE COMPLAIN TO SITE IF THEY ARE NOT SHOWING CORRECT HIGH PRICE.
394. friend |   Link |  Bookmark |April 9, 2015 5:19:13 PM
Although this thread belong to Inox, some people have queries about REC, I want to inform you that allotment price of REC is rs 333.30 , those who have applied at this price or more will get REC OFS shares in retail category.
394.1. star ipo |   Link |  Bookmark |April 9, 2015 5:41:36 PM
All retails portion of rec cornerd by hni at last 5 minutes by changing offer prise to over 334...amazing market price was 318 at opening of market...so retailers should never go for psu ofs.....
393. rajni gandhi |   Link |  Bookmark |April 9, 2015 1:57:43 PM (300+ Posts)
REC OFS I fill price Rs. 324.00 but not get
393.1. ALI BHAVNAGAR |   Link |  Bookmark |April 9, 2015 2:30:14 PM
I filled 332.10
but not alloted
392. Puneet Mishra |   Link |  Bookmark |April 9, 2015 1:39:58 PM
Any body get shares of REC if yes pls give details.
391. Puneet Mishra |   Link |  Bookmark |April 9, 2015 1:34:49 PM
Hi what about REC ofs on what basis one will get shares.
390. JAS DS |   Link |  Bookmark |April 9, 2015 1:17:06 PM
Hold Hold..for min 2-3 days...gona touch 480..
390.1. Sreedhar R |   Link |  Bookmark |April 9, 2015 1:26:09 PM
Sold balnce 15/30 @ 432. Profit of 1830
Remaining maybe retain it for next 2-3 days :)
Good if it touches 480
389. Sreedhar R |   Link |  Bookmark |April 9, 2015 12:14:35 PM
Sold 15/45 @ 423. Profit of 1700 (:|
Unsure if it will cross 427 today
389.1. creative |   Link |  Bookmark |April 9, 2015 12:20:12 PM
i had sold 45@428.... i am happy now waiting fr vrl logistics ipo on april 15th.

Avery good co. with very good profits & revenues & EPS
389.2. Athar |   Link |  Bookmark |April 9, 2015 12:32:25 PM (200+ Posts)
Sridhar R Sir happy to see your return to the board
388. Shiv Kumar |   Link |  Bookmark |April 9, 2015 12:05:56 PM
Pinky..you ealier posted all negative about this IPO...now total U turn...why not join politics

41. pinkyjain Mar 21, 2015 6:11:55 PM IST | Reply | pinkyjain''s messages

Inox Wind Limited IPO

Secondary market correction May feeble inox wind listing sell sell... More correction due to poor results and overvalution

38. pinkyjain Mar 20, 2015 12:50:13 PM IST | Reply | pinkyjain''s messages

Inox Wind Limited IPO

Avoid avoid .. You may get this on listing date at same price for long term... So earn interest for 15 days
388.1. star ipo |   Link |  Bookmark |April 9, 2015 12:35:46 PM
LOLL...it was fake pinky jain .dot ...
388.2. Athar |   Link |  Bookmark |April 9, 2015 12:36:48 PM (200+ Posts)
Shiva Kumar Sir you are correct he is misleading and creating panic in the board .Board members are advised not even to see his message.