Inox Green Energy IPO Review & Recommendations

Avoid

The only saving grace is that retail quota is just 10% so I don't see much downward trend on listing but it'll be flat. The future prospect of green, windmill energy is a highlight but that doesn't justify the promotor holding going down from 94% to 56%. For this very reason, I'll be skipping this loss-making future laggard. Thanks.

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Neutral

Loss Making Company
OFS, Debts

1

Avoid

जब बाजार में और बढ़िया माल है, तो यह कर्ज और नुकसान में फंसी कम्पनी ही क्यों?

Avoid

This company falls below the benchmark average of all the companies in India that fall under the category of construction & Engineering and credit rating provided to this company is poor and not sustainable. Even Financials are not healthy with Profit generated is negative. Though the objective of issue is to make prepayment that is the only positive note I can see. Rest all are suggesting to avoid this

Avoid

BIIIIIIIG Avoid.....

Company provides poor O&M Services for WTGs to developers.
Company fails to deliver the output at ground level for O&M. Most of the developers are discontinuing INOX from O&M Contracts because of poor management. They fail to maintain their own WTGs.

Already in loss, will make loss in future and will make you in loss definitely.

Avoid.