Inox Green Energy IPO

Inox Green Energy IPO

Inox Green Energy IPO will open for subscription from 11 November 2022. the company aims for an issue size of ₹740 Cr through this IPO.

Inox Green Energy Services Limited

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). It has a stable annual income owing to long-term O&M contracts. It is a subsidiary of Inox Wind Limited (IWL) and part of the Inox GFL group of companies. Its subsidiaries are engaged in the business of power generation through renewable sources of energy.

The company’s O&M services portfolio consisted of an aggregate of 2,750 MW of wind farm capacity and 1,375 WTGs. This included a total capacity of 1,178 MW for various customers in Mahidad, Rojmal, Sadla, Savarkundla, and Dayapar in Gujarat, a total capacity of 632 MW for various customers in Kukru, Nipaniya, Jaora, and Lahori in Madhya Pradesh, a total capacity of 560 MW for various customers in Dangri, Rajasthan, and a total capacity of 196 MW for various customers in Vaspet, Bhendewade and South Budh in Maharashtra. Of the 2,750 MW capacity, 1,922 MW was attributable to contracts for comprehensive O&M services and 828 MW was attributable to common infrastructure O&M contracts.

Basic details about the company

Full nameInox Green Energy Services Limited
SectorCapital Goods
Company Website

Major competitive strengths

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

Objects of the Issue

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

Dates to remember

IPO Opening date11 November 2022
IPO Closing13 November 2022
Basis of Allotment18 November 2022
Initiation Refund21 November 2022
Credit to Demat Account22 November 2022
Listing Date23 November 2022

Inox Green Energy IPO Details

IPO DateNov 11, 2022 to Nov 15, 2022
Face Value₹10 per share
Price₹61 – ₹65 per share
Lot Size230 shares
Issue Size[.] shares of ₹10
(aggregating up to ₹740.00 Cr)
Fresh Issue[.] shares of ₹10
(aggregating up to ₹370.00 Cr)
Offer for Sale[.] shares of ₹10
(aggregating up to ₹370.00 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE

Reservation Details

QIB Shares Offered75%
NII (HNI) Shares Offered15%
Retail Shares Offered10%

Inox Green Energy Financial Performance

 FY 2020FY 2021FY 2022
Net income(5.2)(153.5)(92.9)
Margin (%)(3.02)(82.39)(48.84)
(Figures are in ₹Crore)

Inox Green Energy Valuations & Margins

FY 2020FY 2021FY 2022
PE ratio
RONW (%)1.74(64.54)(0.61)
ROCE (%)0.15(0.10)0.04
EBITDA (%)55.3941.4852.70

Company Promoters

  • Inox Wind Limited

Lead Manager(s)

  • Edelweiss Financial Services Ltd
  • DAM Capital Advisors Ltd (Formerly IDFC Securities Ltd)
  • Equirus Capital Private Limited
  • IDBI Capital Market Services Limited
  • Systematix Corporate Services Limited

Inox Green Energy Offer Registrar

Link Intime India Private Limited
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Phone: +91 22 4918 6200 

Inox Green Energy Contact Details

Survey No. 1837 & 1834 At Moje Jetalpur
ABS Towers, Second Floor
Old Padra Road, Vadodara- 390 007
Gujarat, India
Phone: +91 265 6198 111

Inox Green Energy IPO Allotment Status

Inox Green Energy IPO allotment will be available on Link Intime’s website.

Click on this link to get allotment status.

Final thoughts

Inox Green Energy IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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