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Inox Green Energy Services Limited IPO

Inox Green Energy Services Limited IPO

IPO Date :
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Allotment Date :
Listing Date :
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Listed Price: ₹ 60.00 (-7.69%)

Following its successful public offering, Inox Green Energy Services Limited's made its market debut on 23-11-2022 and is now actively traded on the NSE, BSEplatform. The IPO mobilized 11,38,46,152 Shares in total capital, including 5,69,23,076 Shares in primary equity infusion and ₹370.00 Cr in secondary share sales.

The offering was structured with a price band of ₹61 to ₹65 and minimum investment lots of 230 shares. Investor participation during the subscription window from 11-11-2022 to 15-11-2022 demonstrated market confidence in the company's prospects.

The allotment process concluded on 18-11-2022, allocating shares to successful bidders. The listing represents the culmination of the IPO process, transitioning the company to publicly traded status with enhanced transparency and governance standards.

Inox Green IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Inox Green IPO Key Performance Indicator
Company Financials ( In Crores )

Inox Green IPO About Company

Inox Green Energy Services Limited is a leading provider of wind power operation and maintenance (O&M) services in India. It is a subsidiary of Inox Wind Limited (IWL), which is listed on the NSE and BSE and is part of the Inox GFL Group. Key Highlights: Exclusive O&M Services: The company provides long-term O&M services for all wind turbine generators (WTGs) sold by IWL, with contracts typically lasting between 5 to 20 years. Specialized in Wind Farm Maintenance: Focuses on ensuring the efficient operation of wind turbine generators (WTGs) across multiple wind farm projects. Experienced Team: As of March 31, 2022, the company had 393 employees, including industry experts in WTG maintenance and wind energy. Pan-India Presence: Operates in key wind energy states such as Gujarat, Rajasthan, Maharashtra, Madhya Pradesh, Karnataka, Andhra Pradesh, Kerala, and Tamil Nadu. Steady Revenue Growth: Revenue from O&M services was ₹1,721.66 million in FY22, ₹1,722.48 million in FY21, and ₹1,653.15 million in FY20. Inox Green Energy Services plays a crucial role in India’s renewable energy sector, ensuring the smooth operation of wind power projects across the country.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Inox Green IPO Strength Factors

  1. Strong & Diverse Portfolio: Holds a wide and well-diversified asset base.
  2. Proven Track Record: Benefits from supportive national policies and strong visibility for future growth.
  3. Reliable Cash Flows: Secured through long-term O&M contracts with high-credit-quality partners.
  4. Parent Company Support: Backed and promoted by IWL, strengthening overall stability.
  5. Established Supply Chain: Operates with a dependable and efficient supplier network.
  6. Experienced Management Team: Led by a skilled and knowledgeable leadership group.

Inox Green IPO Risk Factors

NA


Inox Green IPO Lead Manager(s)

  • Edelweiss Financial Services Limited
  • Dam Capital Advisors Limited
  • Equirus Capital Private Limited
  • IDBI Capital Market Services Limited
  • Systematix Corporate Services Limited

Inox Green IPO Promoter(s)

  1. Inox Wind Limited

Inox Green IPO Company Details

Inox Green Energy Services Limited
Phone:
address:

Inox Green IPO Registrar

Link Intime India Private Limited
Name:
Phone:

Inox Green IPO FAQs