Inox Green Energy Services Limited IPO

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Other Utilities

Listed On: Nov 23, 2022 at ₹ 60.0(NSE)

₹ 14950 /230 Shares

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Price Summary

Last Closing

213.25 (228.08%)

52 Week High

224.65

52 Week Low

60.43

Last Update

20-Sep-2024 3:30 PM

Inox Green Energy Services Limited IPO Live Subscription Details

Date

15 Nov 2022,07:00:00 PM

QIBs

1.05

NII

Bids above ₹10L: 0.39x
Bids below ₹10L: 0.64x
NII Total: 0.47

Retail

4.70x

Total

1.55 times

Inox Green Energy Services Limited IPO Details

11 Nov, 2022

Open Date

15 Nov, 2022

Close Date

18 Nov, 2022

Allotment Date

23 Nov, 2022

Listing Date

Issue Price

₹61-65 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Link Intime India Private Ltd

List Price

60.0(NSE)

Listing Date

2022-11-23

Market Lot

230 Shares (₹14,950/-)
sHNI : 3,220 Shares (₹2,09,300/-)
bHNI : 15,410 Shares (₹10,01,650/-)

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

Retail Portion

10% (Number of Retail Applications : 49,490 Approx),
(Number of sHNI Applications : 1,760 Approx),
(Number of bHNI Applications : 3,530 Approx)

Subscription

1.55 times

IPO Docs

DRHP RHP

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

Inox Green Energy Services Limited Valuations

Earnings Per Share (EPS)

₹(-0.25)/-

P/E Ratio

N/A

RoNW

(-0.61)%

Net Asset Value (NAV) - As on 31.03.22

₹34.32

Inox Green Energy Services Limited Company Financials All values are in ₹ Cr.

	31-Mar-22	31-Mar-21	31-Mar-20
Assets	2120.65	2692.8	2339.86
Revenue	190.23	186.29	172.16
Profit After Tax	-4.95	-27.73	1.68

About The 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 - Promoter(s)

Pre Issue Share Holding: 93.84%

Post Issue Share Holding: 75.54%

Company Promoter(s)

Inox Wind Limited is the company promoter.

Inox Green Energy Services Limited IPO - Issue Objectives

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.

Inox Green Energy Services Limited IPO - Anchor Investors

Inox Green Energy Services mobilises Rs 333 crore from anchor investors ahead of IPO.
Marquee investors participated in the anchor book were Volrado Ventures, Morgan Stanley, Nomura, Authum Investment, Saint Capital Fund, Eriska Investment Fund, Cohesion MK Best Ideas, Coeus Global Opportunities Fund, Citigroup, Dovetail India Fund, AG Dynamic, ICICI Prudential, HDFC Trustee, Aditya Birla Sun Life, Edelweiss, and JM Financial.

Inox Green Energy Services Limited IPO - FAQs

Ans. Inox Green Energy Services Limited IPO is a Mainboard IPO. The issue is priced at ₹61-65 per equity share. The minimum order quantity is 230 Shares. The IPO opens on Nov 11, 2022, and closes on Nov 15, 2022. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

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

Ans. The size of Inox Green Energy Services Limited IPO is Approx 740 Cr.

Ans. The IPO price band is set between ₹61-65 per equity share.

Ans. To apply for Inox Green Energy Services Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Inox Green Energy Services Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Inox Green Energy Services Limited IPO is Nov 18, 2022.

Ans. The Inox Green Energy Services Limited IPO will be listed on Nov 23, 2022.

Ans. Follow the steps to check the allotment status for Inox Green Energy Services Limited IPO here.