Inox Green Energy IPO Review
Inox Green Energy IPO Overview
Inox Green Energy Services Limited, founded in 2012, is one of India’s largest wind power operation and maintenance (“O&M”) service providers. The firm is a subsidiary of Inox Wind Limited (“IWL”), which is listed on the National Stock Exchange of India Limited and the Bombay Stock Exchange Limited and is a member of the Inox GFL group of businesses.
Inox Green Energy Services Limited provides exclusive O&M services for all WTGs supplied by IWL by entering into long-term O&M contracts with the WTG customer for durations ranging from five to twenty years.
The company is in the business of providing long-term O&M services for wind farm projects, especially wind turbine generator O&M services (“WTGs”).
As of March 31, 2022, the firm employed 393 people, including managers with substantial expertise in WTG O&M and the wind sector in general.
Rajasthan, Gujarat, Madhya Pradesh, Maharashtra, Karnataka, Andhra Pradesh, Kerela, and Tamil Nadu are among the states where the corporation has a presence.
For Fiscals 2022, 2021, and 2020, the company’s total revenue (from continuing activities, i.e. the O&M business) was Rs 1,721.66 million, Rs 1,722.48 million, and Rs 1,653.15 million, respectively.
Inox Green Energy IPO Details
IPO Date | Nov 11, 2022 to Nov 15, 2022 |
Listing Date | Nov 23, 2022 |
Face Value | ₹10 per share |
Price | ₹61 to ₹65 per share |
Lot Size | 230 Shares |
Issue Size | 113,846,154 shares of ₹10 (aggregating up to ₹740.00 Cr) |
Fresh Issue | 56,923,077 shares of ₹10 (aggregating up to ₹370.00 Cr) |
Offer for Sale | 56,923,077 shares of ₹10 (aggregating up to ₹370.00 Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
QIB Shares Offered | Not less than 75% of the Offer |
NII (HNI) Shares Offered | Not more than 15% of the Offer |
Retail Shares Offered | Not more than 10% of the Offer |
Company Promoters | Inox Wind Limited is the company promoter. |
Inox Green Energy IPO Financial Performance
Period Ended | Total Assets | Total Revenue | Profit After Tax |
31-Mar-20 | 2339.86 | 172.16 | 1.68 |
31-Mar-21 | 2692.8 | 186.29 | -27.73 |
31-Mar-22 | 2120.65 | 190.23 | -4.95 |
30-Jun-22 | 2127.74 | 63.16 | -11.58 |
Amount in ₹ Crore | |||
Period Ended | Net Worth | Total Borrowing |
31-Mar-20 | 96.54 | 1084.92 |
31-Mar-21 | 42.96 | 1411.02 |
31-Mar-22 | 806.63 | 904.17 |
30-Jun-22 | 795 | 909.92 |
Amount in ₹ Crore | ||
Inox Green Energy IPO Key Ratios
FY 2020 | FY 2021 | FY 2022 | |
EPS | 0.20 | (2.29) | (0.25) |
RONW (%) | 1.74 | (64.54) | (0.61) |
ROCE (%) | 0.15 | (0.10) | 0.04 |
EBITDA (%) | 55.39 | 41.48 | 52.70 |
Debt/Equity | 0.73 | 0.67 | 0.99 |
NAV | – | – | 34.32 |
Listing Performance of Inox Green Energy IPO
Listed On : BSE, NSE
Issue Price : ₹61 to ₹65 per share
Listing Day Close :
Listing Day Gain :
Inox Green Energy IPO ISIN Number Code
NSE : NA
ISIN CODE : INE510W01014
BSE : NA
Inox Green Energy IPO Allotment Status
Inox Green Energy IPO Important Dates
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 Contact Details
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 Contact Details
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 FAQ's
The Inox Green Energy IPO is a BSE, NSE IPO of ₹61 to ₹65 per equity share with a face value of 10 per equity share.
The issue size is priced at 113,846,154 shares of ₹10 (aggregating up to ₹740.00 Cr).
The fresh issue size priced at 56,923,077 shares of ₹10 (aggregating up to ₹370.00 Cr).
The Offer for sale priced at 56,923,077 shares of ₹10 (aggregating up to ₹370.00 Cr).
The initial public offering (IPO) begins on Nov 11, 2022 and ends on Nov 15, 2022.
The registrar for the IPO is Link Intime India Private Ltd.
The Inox Green Energy IPO opens on Nov 11, 2022 and closes on Nov 15, 2022. The IPO Issue date may list on Nov 23, 2022.
Inox Green Energy IPO Market lot size is 230 Shares and the minimum order quantity is 230 Shares.
The finalisation 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 status.
The Inox Green Energy IPO listing date is on Nov 23, 2022.
Inox Green Energy IPO applications can be submitted online using either UPI or ASBA as a payment method. The ASBA IPO application is available in your bank’s net banking. Brokers who do not provide banking services provide UPI IPO applications. Learn more about online IPO applications from Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.
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