The Wind turbine Generators, Operation & Maintenance company Inox Green Energy IPO will be hit the market 11 November 2022 and closes on 15 November 2022. Inox Green Energy is the material subsidiary of Inox Wind. According to RHP, the company wants to raise ₹740 crore through IPO. The company will issue fresh shares of ₹370 crores through this IPO and will issue shares through offer for sale of ₹370 crores.
The company has reserved 75% for QIB, 15% for retail and 10% for NII in this IPO.
Inox Green Energy Limited one of the major wind power operation and maintenance (“O&M”) service providers within India. 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”) and the common infrastructure facilities on the wind farm which support the evacuation of power from such WTGs. You can check Inox Green Energy IPO GMP here.
The company have stable annual income owing to the long-term O&M contracts that we enter into with our customers. The Company O&M services portfolio consisted of an aggregate 2,750 MW of wind farm capacity and 1,375 WTGs.
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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. You can check Inox Green Energy IPO Subscription Status here.
The 2,750 MW capacity, 1,922 MW was attributable to our contracts for comprehensive O&M services and 828 MW was attributable to our common infrastructure O&M contracts. You can check Inox Green Energy IPO Allotment Status here.
Object Of the Issue :
- Gross proceeds from the Fresh Issue.
- Repayment and/or pre-payment, in full or part, of certain borrowings availed by our Company including redemption of Non-Convertible Debentures in full.
- General corporate purposes.
Company Strengths :
- Strong and diverse existing portfolio base.
- Established track record, favourable national policy support and visibility for future growth.
- Reliable cash flow supported by long-term O&M contracts with high credit quality counterparties.
- Supported and promoted by our parent company, IWL.
- Established supply chain in place.
- Strong and experienced management team.
Inox Green Energy IPO Review :
| Details | Valuation |
|---|---|
| PAT 2022 : | ₹-4.95 Cr (March 2022) |
| Issue Price : | ₹65/ EQ (Cut Off) |
| EPS 2022 : | ₹-0.25 (March 2022) |
| PE Ratio : | -260.00 (PE Approx) |
| RoNW : | -0.61% (March 2022) |
| NAV Value : | ₹34.32 (March 2022) |
| Total Assets : | ₹2127.74 Cr (June 2022) |
| Market Cap : | ₹1527.60 Cr Approx |
| Promoter Holding : | 93.84% Pre Issue 56.04% Post Issue |
| Team Review : | ● The company one of the major wind power operation and maintenance (“O&M”) service providers with in India. ● The company PE ratio is Negative. ● The company financial performance very week. ● The company has no listed peers. ● The company promoter stake will decrease but will hold 56.04% stake after issue which is good. ● The price of this IPO is looking expensive, you can consider investing after listing. ✔ Apply Only For Long Term Investing |
Inox Green Energy IPO Date & Price Band & Details :
| Issue Type : | Book Building Issue |
| IPO Open : | 11 November 2022 |
| IPO Close : | 15 November 2022 |
| IPO Size : | ₹740.00. Cr {1,13,846,154 Shares} |
| Face Value : | ₹10 Equity Share |
| Price Band : | ₹61–₹65 Per Share |
| Listing On : | BSE, NSE |
| Issue Size : | ₹740.00. Cr {1,13,846,154 Shares} |
| Fresh Issue : | ₹370.00. Cr {56,923,077 Sharse} |
| Offer For Sale : | ₹370.00. Cr {56,923,077 Sharse} |
Inox Green Energy IPO Market Lot :
Inox Green Energy IPO Minimum Market lot is 1 Lot with 230 shares with ₹14,950 Application amount. The retail investors can apply up to 13 lots with 2990 Shares or ₹194,350 amounts.
| Application | Lot | Shares | Amount |
| Retail Minimum : | 1 | 230 | ₹14,950 |
| Retail Maximum : | 13 | 2990 | ₹194,350 |
| S-HNI Minimum : | 14 | 3,220 | ₹209,300 |
| B- HNI Minimum : | 67 | 15410 | ₹10,01,650 |
Inox Green Energy IPO Shares Offer :
A Total of 113,846,154 shares are to be bid for the public issue by Inox Green Energy IPO with 56,923,077 for Fresh issue and 56,923,077 for offer for sale Shares.
| Category | Shares Offers | Amount |
| Fresh issue : | 56,923,077 | ₹370.00 Cr |
| Offer For Sale : | 56,923,077 | ₹370.00 Cr |
| Total : | 113,846,154 | ₹740.00 Cr |
Inox Green Energy IPO Reservation :
Inox Green Energy IPO Total Reservation of 113,846,154 shares are to be bid for the public issue by Inox Green Energy IPO with 85,384,616 for QIB and 17,076,923 for NII 11,384,615 For RII & – Shares EMP.
| Category | Reservation | Shares | Amount |
| QIB : | 75% | 85,384,616 | ₹555.00 Cr |
| NII : | 15% | 17,076,923 | ₹111.00 Cr |
| RII : | 10% | 11,384,615 | ₹74.00 Cr |
| EMP : | – % | – | ₹- |
| Total : | 100% | 1,13,846,154 | ₹740.00 Cr |
Inox Green Energy IPO EPS & RoNW :
The Inox Green Energy company’s EPS &RoNW growth is decreasing every year, which is shown to you in the table here.
| Year | EPS Growth in (Rs.) | Return On Net Worth % |
|---|---|---|
| 2022 | ₹-0.25 | -0.61% |
| 2021 | ₹-2.29 | -64.54% |
| 2020 | ₹0.20 | –1.74% |
Inox Green Energy IPO Peer Comparison PE :
The Inox Green Energy, According to DRHP of the company There are no listed companies in India whose PE Multiple is shown in this table.
| Sr. No. | Company | PE Ratio |
| 1. | There are no listed companies in India | _ |
Inox Green Energy IPO Dates :
Inox Green Energy IPO Date is 11 November 2022 \nd closes on 15 November 2022. The allotment will be finalized on 18 November 2022 and the IPO may list on 23 November 2022.
| Open Date : | 09 November 2022 |
| Close Date : | 11 November 2022 |
| Allotment Date : | 18 November 2022 |
| Refund Date : | 21 November 2022 |
| Share Credit Date : | 22 November 2022 |
| Listing Date : | 23 November 2022 |
Inox Green Energy IPO Form :
There are two ways to apply in Inox Green Energy IPO. You can apply for Inox Green Energy IPO through ASBA available in your bank account. You have to go to your online bank login and select Inox Green Energy IPO in the Invest section and apply through your bank account. Another option is you can apply for Inox Green Energy IPO through IPO form download through NSE and BSE. See the Inox Green Energy IPO Form – Download the NSE Form and BSE Form IPO Form, fill it, and submit it to your bank or your broker.
Inox Green Energy Company Financial Report (millions) :
| Year | Revenue | Expense | PAT |
| 2022 | ₹1,902.32 | ₹1,949.39 | ₹49.52 |
| 2021 | ₹1,862.87 | ₹1,996.38 | ₹277.29 |
| 2020 | ₹1,721.64 | ₹1,696.38 | ₹16.76 |
Company Promoters :
■ Manoj Shambhu Dixit
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
■ Anchor Investor
Inox Green Energy IPO Lead Managers :
■ Edelweiss Financial ServicesLimited
■ DAM Capital Advisors Limited
■ Equirus Capital Private Limited
■ IDBI Capital Markets & Securities Limited
■ Systematix Corporate Services Limited
Inox Green Energy IPO Registrar :
Link Intime India Private Limited
C 101, 1 st Floor, 247 Park
L.B.S. Marg, Vikhroli (West)
Mumbai – 400 083
Maharashtra, India
Telephone: +91 22 4918 6200
Investor grievance e-mail:[email protected]
E-mail: [email protected]
Website: www.linkintime.co.in
Note: Check Inox Green Energy IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here
Company Address :
Inox Green Energy Services Limited
Survey No. 1837 & 1834 At Moje Jetalpur
ABS Towers, Second Floor
Old Padra Road, Vadodara- 390 007
Gujarat, India
Telephone: +91 265 6198 111
E-mail: [email protected];
Website: www.inoxgreen.com
Inox Green Energy IPO FAQs :
What is Inox Green Energy IPO?
Inox Green Energy IPO is Mainboard IPO. They are going to raise ₹740.00. Crores via IPO. The issue is priced at ₹61-₹65 per equity share. The IPO is to be listed on NSE, BSE.
When Inox Green Energy IPO will open?
The IPO is to open on 11 Nov – 15 Nov for QIB, NII & RII.
What is Inox Green Energy IPO Size?
Inox Green Energy IPO size is ₹740.00 Crores.
What is the Fresh issue size of Inox Green Energy IPO?
The Fresh issue size of Inox Green Energy IPO ₹370.00 Cr.
What is the Offer For Sale size of Inox Green Energy IPO?
The Offer For Sale size of Inox Green Energy IPO ₹370.00 Cr.
What is Inox Green Energy IPO Price Band?
Inox Green Energy IPO Price Band is ₹61-₹65 Per share.
What is Inox Green Energy IPO Minimum and Maximum Lot Size?
The minimum 230 Shares with ₹14,950 amount while the maximum 2990 shares with ₹194,350.
What is Inox Green Energy IPO Investors Portion?
The investors’ portion for QIB 75%, NII 15%, RII 10%.
What is Inox Green Energy IPO Allotment Date?
Inox Green Energy IPO allotment date is 18 November 2022.
What is Inox Green Energy IPO Listing Date?
Inox Green Energy IPO listing date is 23 November 2022. The IPO to list on NSE, BSE.
How to Apply the Inox Green Energy IPO through Zerodha?
Log in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Inox Green Energy IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Inox Green Energy IPO through Upstox?
Log in to Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “Inox Green Energy IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Inox Green Energy IPO through Groww?
Log in to Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “Inox Green Energy IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Inox Green Energy IPO through Paytm Money?
Log in to the Paytm Money Website or app. Now you can see Invest is IPOs Section and Click on IPO. You will see the IPO Name “Inox Green Energy IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
| Inox Green Energy IPO GMP: Click Here Inox Green Energy IPO Subscription: Click Here Inox Green Energy IPO Allotment: Click Here Inox Green Energy IPO Listing: Click Here |
All Inox Green Energy IPO-related links are available here. If you want to know the details then click on Click Here Link.
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