
Inox Green Energy Services Limited
Mainboard₹14,950 / 230 Shares
IPO Live Subscription Details
| Category | Subscription (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
NO REVIEWInox 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.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 230 | ₹14,950 |
| Retail (Max) | 13 | 2990 | ₹1,94,350 |
| S-HNI (Min) | 14 | 3220 | ₹2,09,300 |
| S-HNI (Max) | 66 | 15180 | ₹9,86,700 |
| B-HNI (Min) | 67 | 15410 | ₹10,01,650 |
Inox Green Energy Services Limited IPO Timeline
Issue Price
₹61-65 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Private LtdLead Manager
Edelweiss Financial Services Ltd,DAM Capital Advisors Ltd,Equirus Capital Private Limited,IDBI Capital Market Services Limited,Systematix Corporate Services LimitedIssue Size
Approx 740 CrInox Green Energy Services Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 22 | 2120.65 | 190.23 | -4.95 | - | - | - |
| 31 Mar 21 | 2692.8 | 186.29 | -27.73 | - | - | - |
| 31 Mar 20 | 2339.86 | 172.16 | 1.68 | - | - | - |
All values are in ₹ Cr.
Promoters & Share Holding
Promoter(s) Name
- Inox Wind Limited is the company promoter.
| Share Holding Pre Issue | Share 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.
Inox Green Energy Services Limited IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 36,393,442 | 18,196,721 12,131,147 6,065,574 | 12,131,147 | 66,721,310 |
Day 1 -11-11-22 05:00 PM | 0.47 x | 0.05 0.02 x 0.11 x | 1.03 x | 0.46 x |
Day 2 -14-11-22 05:00 PM | 0.47 x | 0.23 0.17 x 0.35 x | 2.93 x | 0.85 x |
Day 3 -15-11-22 05:00 PM | 1.05 x | 0.47 0.39 x 0.64 x | 4.69 x | 1.55 x |
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.
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.
