Chittorgarh.com Logo
Loading...

Inox Green Energy Services Limited IPO (Inox Green Energy IPO) Detail

Nov 11, 2022 - Nov 15, 2022

Incorporated in 2012, Inox Green Energy Services Limited is one of the major wind power operation and maintenance ("O&M") service providers within India. The company is a subsidiary of Inox Wind Limited ("IWL"), a company which is listed on the National Stock Exchange of India Limited and BSE Limited, and part of the Inox GFL group of companies.

Inox Green Energy services Limited provides exclusive O&M services for all WTGs sold by IWL through the entry of long-term O&M contracts between the WTG purchaser and ourselves for terms which typically range between five to 20 years.

The company is engaged in the business of providing long-term O&M services for wind farm projects, specifically the provision of O&M services for wind turbine generators ("WTGs").

As of March 31, 2022, the company has a team of 393 employees including managers with extensive experience in the O&M of WTGs and the wind industry generally.

The company has a presence in Gujarat, Rajasthan, Maharashtra, Madhya Pradesh, Karnataka, Andhra Pradesh, Kerela and Tamil Nadu.

The company's total revenue (from the continuing operations i.e. the O&M business) was Rs 1,721.66 million, Rs 1,722.48 million and Rs 1,653.15 million for Fiscals 2022, 2021 and 2020, respectively.

Strengths:

  • Strong and diverse existing portfolio base.
  • Established track record, favourable national policy support and visibility for future growth.
  • Reliable cash flow supported by long-term O&M contracts with high credit quality counterparties.
  • Supported and promoted by our parent company, IWL.
  • Established supply chain in place.
  • Strong and experienced management team.

Company Financials

Inox Green Energy Services Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-202339.86172.161.6896.541084.92
31-Mar-212692.8186.29-27.7342.961411.02
31-Mar-222120.65190.23-4.95806.63904.17
30-Jun-222127.7463.16-11.58795909.92
Amount in ₹ Crore

Objects of the Issue

The net proceeds of the Fresh Issue, i.e., gross proceeds of the Fresh Issue:

I. Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the Company including redemption of Non- Convertible Debentures in full.

II. General corporate purposes.

Inox Green Energy IPO Details

IPO Date Nov 11, 2022 to Nov 15, 2022
Listing Date Wednesday, November 23, 2022
Face Value ₹10 per share
Price ₹61 to ₹65 per share
Lot Size 230 Shares
Issue Size113,846,154 shares of ₹10
(aggregating up to ₹740.00 Cr)
Fresh Issue56,923,077 shares of ₹10
(aggregating up to ₹370.00 Cr)
Offer for Sale56,923,077 shares of ₹10
(aggregating up to ₹370.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
QIB Shares OfferedNot less than 75% of the Offer
NII (HNI) Shares OfferedNot more than 15% of the Offer
Retail Shares OfferedNot more than 10% of the Offer
Company Promoters

Inox Wind Limited is the company promoter.

Inox Green Energy IPO Tentative Timetable

Inox Green Energy IPO opens on Nov 11, 2022, and closes on Nov 15, 2022. The Inox Green Energy IPO bid date is from Nov 11, 2022 10.00 A.M. to Nov 15, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Tentative Date
Opening Date Nov 11, 2022
Closing Date Nov 15, 2022
Basis of Allotment Nov 18, 2022
Initiation of Refunds Nov 21, 2022
Credit of Shares to Demat Nov 22, 2022
Listing Date Nov 23, 2022

Inox Green Energy IPO Lot Size

The Inox Green Energy IPO lot size is 230 shares. A retail-individual investor can apply for up to 13 lots (2990 shares or ₹194,350).

Application Lots Shares Amount
Retail (Min) 1 230 ₹14,950
Retail (Max) 13 2990 ₹194,350
S-HNI (Min) 14 3,220 ₹209,300
B-HNI (Min) 67 15,410 ₹1,001,650

Inox Green Energy IPO Promoter Holding

Pre Issue Share Holding 93.84%
Post Issue Share Holding 56.04%

Inox Green Energy IPO Review

IGESL enjoys good parentage. It is poised for bright prospects ahead with major spending on renewable energies under “Atmanirbhar Bharat” initiatives. Well, based on its current financials, the issue is priced at a negative P/E. But keeping in mind the future prospects and rising demand for wind energy, well-informed investors may consider parking funds for medium to long-term rewards. Read detail review...


Inox Green Energy IPO Subscription Status (Bidding Detail)

The Inox Green Energy IPO is subscribed 1.55 times on Nov 15, 2022 7:00:00 PM. The public issue subscribed 4.70 times in the retail category, 1.05 times in the QIB category, and 0.47 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB1.05
NII0.47
    bNII (bids above ₹10L)0.39
    sNII (bids below ₹10L)0.64
Retail4.70
Total1.55

Inox Green Energy IPO Prospectus

Inox Green Energy IPO Rating

557
3.4
Rating:Rated 3.4 stars
Vote Here ...

Inox Green Energy IPO Listing Date

Listing Date Wednesday, November 23, 2022
BSE Script Code 543667
NSE Symbol INOXGREEN
Listing In B Group of Securities
ISIN INE510W01014
IPO Price ₹65 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹65.00
₹60.50
₹58.50
₹63.95
₹59.10
NSE
₹65.00
₹60.00
₹58.35
₹64.00
₹59.10

Company Contact Information

Inox Green Energy Services Limited
Survey No. 1837 & 1834
At Moje Jetalpur ABS Towers, Second Floor
Old Padra Road, Vadodara- 390 007
Phone: +91 120 6149 600
Email: investor@inoxgreen.com
Website: http://www.inoxgreen.com/

Inox Green Energy IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: igesl.ipo@linkintime.co.in
Website: https://linkintime.co.in/

Inox Green Energy IPO FAQs

Inox Green Energy IPO is a main-board IPO of 113,846,154 equity shares of the face value of ₹10 aggregating up to ₹740.00 Crores. The issue is priced at ₹61 to ₹65 per share. The minimum order quantity is 230 Shares.

The IPO opens on Nov 11, 2022, and closes on Nov 15, 2022.

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

Zerodha customers can apply online in Inox Green Energy IPO using UPI as a payment gateway. Zerodha customers can apply in Inox Green Energy IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Inox Green Energy IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Inox Green Energy IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Inox Green Energy IPO opens on Nov 11, 2022 and closes on Nov 15, 2022.

Inox Green Energy IPO lot size is 230 Shares and the minimum order quantity is .

You can apply in Inox Green Energy 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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Inox Green Energy IPO will be done on Nov 18, 2022, and the allotted shares will be credited to your demat account by Nov 22, 2022. Check the Inox Green Energy IPO allotment status.

The Inox Green Energy IPO listing date is on Wednesday, November 23, 2022.
Open an Instant Account with Zerodha

Inox Green Energy IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Most Liked Members

Loading...