Inox Green Energy Services Limited

Inox Green Energy Services Limited

Mainboard

₹14,950 / 230 Shares

Offer Date:Nov 11, 2022 - Nov 15, 2022
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IPO Live Subscription Details

CategorySubscription (Times)
Date
15 Nov 2022,07:00:00 PM
QIBs
1.05
NII
Bids above ₹10L: 0.39 times
Bids below ₹10L: 0.64 times
NII Total: 0.47
Retail
4.70 times
Total
1.55 times

Inox Green Energy Services Limited IPO Details

The Inox Green Energy Services Limited IPO price band is set between ₹61-65 per equity share, with a face value of ₹10 per share. The issue is managed by Link Intime India Private Ltd, and the equity shares are proposed to be listed on the Mainboard.

The IPO date for subscription opens on 11 Nov, 2022 and closes on 15 Nov, 2022. Investors can check the allotment status on 18 Nov, 2022, while the listing date is tentatively scheduled for 23 Nov, 2022.

The total issue size is Approx 740 Cr, aggregating up to . Stay tuned for the latest Inox Green Energy Services Limited IPO review and GMP updates.

Inox Green Energy Services Limited IPO Review, Rating & Analysis

Inox Green Energy Services Limited IPO Review

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Inox Green Energy Services Limited IPO Rating

Inox Green Energy Services Limited IPO Highlights

IPO Date

Nov 11, 2022 - Nov 15, 2022

Listing Date

23 Nov, 2022

Face Value

₹10 Per Equity Share

Price Band

₹61-65 per equity share

Lot Size

-

Fresh Issue

Shares

Offer for Sale

-

Listing At

BSE, NSE

Inox Green Energy Services Limited IPO Lot Size

The minimum market lot for Inox Green Energy Services Limited IPO is 230 shares with an application amount of ₹14,950. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.

ApplicationLotsSharesAmount
Retail (Min)1230₹14,950
Retail (Max)132990₹1,94,350
S-HNI (Min)143220₹2,09,300
S-HNI (Max)6615180₹9,86,700
B-HNI (Min)6715410₹10,01,650

Inox Green Energy Services Limited IPO Timeline

IPO Open Date
11 Nov, 2022
IPO Close Date
15 Nov, 2022
Basis of Allotment
18 Nov, 2022
Listing Date
23 Nov, 2022

Issue Price

₹61-65 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Link Intime India Private Ltd

Lead Manager

Edelweiss Financial Services Ltd,DAM Capital Advisors Ltd,Equirus Capital Private Limited,IDBI Capital Market Services Limited,Systematix Corporate Services Limited

Issue Size

Approx 740 Cr

Inox Green Energy Services Limited IPO Financial Information

Period EndedAssetsRevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31 Mar 222120.65190.23-4.95---
31 Mar 212692.8186.29-27.73---
31 Mar 202339.86172.161.68---

All values are in ₹ Cr.

Promoters & Share Holding

Promoter(s) Name

  • Inox Wind Limited is the company promoter.
Share Holding Pre IssueShare Holding Post Issue
93.84%75.54%

About Company

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.

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Inox Green Energy Services Limited IPO Subscription Details

As onQIBNII
bNII  sNII
RetailTotal
Shares Offered / Reserved36,393,442
18,196,721

12,131,147    6,065,574
12,131,14766,721,310
Day 1 -11-11-22 05:00 PM
0.47 x
0.05

0.02 x   0.11 x
1.03 x0.46 x
Day 2 -14-11-22 05:00 PM
0.47 x
0.23

0.17 x   0.35 x
2.93 x0.85 x
Day 3 -15-11-22 05:00 PM
1.05 x
0.47

0.39 x   0.64 x
4.69 x1.55 x
Total No. of Applications:

Company Contact Details

Inox Green Energy Services Limited

Phone: -

Email: -

Website: -

Registrar Contact Details

-

Phone: -

Email: -

Website: -

Frequently Asked Questions about Inox Green Energy Services Limited IPO

When will Inox Green Energy Services Limited IPO open for subscription?

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

What is the investors portion for Inox Green Energy Services Limited IPO?

The investors' portion for QIB is 1.05 x, NII is 0.39 x, and Retail is 4.69 x.

How to apply for Inox Green Energy Services Limited IPO?

You can apply for Inox Green Energy Services Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.

What is the issue size of Inox Green Energy Services Limited IPO?

The issue size of Inox Green Energy Services Limited IPO is approx ₹Approx 740 Cr crores.

What is the price band of Inox Green Energy Services Limited IPO?

The price band for Inox Green Energy Services Limited IPO is ₹61 to ₹65 per equity share.

What is the lot size of Inox Green Energy Services Limited IPO?

The minimum bid (lot size) for Inox Green Energy Services Limited IPO is N/A shares with an investment of approx ₹14,950 .

What is the allotment date of Inox Green Energy Services Limited IPO?

The allotment date for Inox Green Energy Services Limited IPO is 18 Nov, 2022.

What is the listing date of Inox Green Energy Services Limited IPO?

The listing date for Inox Green Energy Services Limited IPO is expected to be 23 Nov, 2022.

What is the GMP of Inox Green Energy Services Limited IPO?

The latest Grey Market Premium (GMP) for Inox Green Energy Services Limited IPO is being updated regularly on IPOROCK.

PD

Parth D.

Founder & Lead Analyst

Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.

Inox Green Energy Services Limited IPO Date, Review, Price, Allotment Details, GMP | IPOROCK