IPO

Inox Green Energy IPO Date, Price, GMP, Review, and Details

Inox Green Energy IPO Date, Price, GMP, Review, and Details

Inox Green Energy IPO
  • Inox Green Energy Services Limited, founded in 2012, is a leading provider of O&M services for India’s wind energy industry. Part of the Inox GFL family of businesses, this firm is a wholly owned subsidiary of Inox Wind Limited (“IWL”), which trades on the National Stock Exchange of India Limited and the Bombay Stock Exchange Limited.
  • Long-term O&M contracts, typically lasting between five and twenty years, are entered into by the purchaser of each WTG sold by IWL and Inox Green Energy Services Limited.
  • Long-term operations and maintenance (O&M) services for wind farm projects, with a focus on wind turbine generators, is the company’s main focus (“WTGs”).
  • As of 31 March 2022, the company has 393 workers on staff, including supervisors with years of expertise in the operation and maintenance of wind turbine generators (WTGs) and the wind sector as a whole.
  • They operate in the states of Gujarat, Rajasthan, Maharashtra, Madhya Pradesh, Karnataka, Andhra Pradesh, Kerela, and Tamil Nadu.
  • In fiscal years 2022, 2021, and 2020, the company earned Rs 1,721.66 million, Rs 1,722.48 million, and Rs 1,653.15 million, respectively, from its ongoing activities (the O&M business).

Strengths:

  • Existing portfolio is strong and varied.
  • Proven success, endorsement from national policymakers, and prospects for expansion are all positives.
  • Long-term O&M contracts with high-credit-worthiness counterparties ensure a steady flow of income.
  • sponsored and encouraged by IWL, our parent company.
  • We already have a well-established supplier network.
  • Competent and seasoned leadership.

Company Financials

Inox Green Energy Services Limited Financial Information (Restated)
Period Ended Total Assets Total Revenue Profit After Tax Net Worth Total Borrowing
31-Mar-20 2339.86 172.16 1.68 96.54 1084.92
31-Mar-21 2692.8 186.29 -27.73 42.96 1411.02
31-Mar-22 2120.65 190.23 -4.95 806.63 904.17
30-Jun-22 2127.74 63.16 -11.58 795 909.92
Amount in ₹ Crore

 

Objects of the Issue

Gross proceeds from the Fresh Issue, minus the costs of the Fresh Issue:

1)The complete or partial redemption of the Company’s Non-Convertible Debentures and any repaid or prepaid debt.

2) Pursuit of the Company’s General Interests.

Inox Green Energy IPO

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 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 Tentative Timetable

The IPO for Inox Green Energy begins on November 11, 2022, and ends on November 15, 2022. The bid date for the IPO of Inox Green Energy is from November 11 at 10:00 a.m. through November 15 at 5:00 p.m. UPI Mandate Confirmation Deadline 5 PM 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

Lots in the initial public offering (IPO) of Inox Green Energy consist of 230 shares. The maximum number of lots (or 2,990 shares, or 194,350) available to an individual retail investor is 13.

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 Subscription Status (Bidding Detail)

As of 7:00 PM on November 15th, 2022, the initial public offering (IPO) for Inox Green Energy has a 1.55 times subscription rate. The retail category was 4.70 times subscribed, the QIB category was 1.05 times subscribed, and the NII category was 0.47 times subscribed to the public issue. Review the Specifics of Your Subscription on a Daily Basis (Live Status)

Category Subscription (times)
QIB 1.05
NII 0.47
bNII (bids above ₹10L) 0.39
sNII (bids below ₹10L) 0.64
Retail 4.70
Total 1.55

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 IPO
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/

FAQs about Inox Green Energy’s IPO

What is an IPO for Inox Green Energy?

Inox Green Energy’s initial public offering (IPO) is a main-board offering of 113,846,154 equity shares with a face value of 10 each, for a total of 740.00 Crores. The price per share is between 61 and 65. The least you can order is 230 Shares.

The IPO starts on November 11 and ends on November 15.

The IPO is being kept track of by Link Intime India Private Ltd. It is planned to list the shares on the BSE and NSE.

How to apply for the IPO through Zerodha for Inox Green Energy?

Customers of Zerodha can sign up for the Inox Green Energy IPO online and pay with UPI. Customers of Zerodha can apply for the Inox Green Energy IPO by logging in to their back office, or Zerodha Console, and filling out an IPO application form.

How to apply through Zerodha for the Inox Green Energy IPO

  • Log in to Console on the Zerodha website.
  • Click the IPOs link on the Portfolio page.
  • Click the “Bid” button next to the “Inox Green Energy IPO” row.
  • Type in your UPI ID, the amount, and the price.
  • “Send in” your IPO application form.
  • To approve the mandate, go to the UPI App (net banking or BHIM).
  • Go to Review of the Zerodha IPO Application Process for more information.

When will the Inox Green Energy IPO start?

The IPO for Inox Green Energy starts on November 11, 2022, and ends on November 15, 2022.

How big is an Inox Green Energy IPO lot?

The size of an Inox Green Energy IPO lot is 230 shares, and the minimum number of shares you can buy is.

How do I apply for an IPO from Inox Green Energy?

You can sign up for the Inox Green Energy IPO online and pay with either UPI or ASBA. Your bank account’s online banking is where you can find the ASBA IPO application. Brokers offer the UPI IPO application, but they don’t do banking. Find out more about how to apply for an initial public offering (IPO) online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.

When does Inox Green Energy go public?

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

 

Suraj Borade

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