Inox Green Energy IPO Date, Price, Review
Inox Green Energy IPO: Know everything about Inox Green Energy IPO. Inox Green Energy Limited IPO Date, Inox Green Energy IPO Review and analysis. We will discus about Inox Green Energy IPO Benefits & Risks. Also, all information related to Inox Green Energy IPO like price band, all important dates, issue size, Brockrage Review, and retail quota etc.
Inox Green Energy IPO
INOX Green Energy is engaged in the business of providing Operation and Maintenance (O&M) services and general infrastructure facilities for Wind Turbine Generators. Inox Green Energy Ltd Has filed its DRHP (Draft Red Herring Prospectus) with market regulator SEBI (Securities and Exchange Board of India) to raise around Rs 740 crore through IPO (Initial public offering).
Inox Green Energy IPO will open on 11 November 2022 and close on 15 November 2022. The price band of the Inox Green Energy IPO is ₹61 to ₹65. Inox Green Energy IPO size is 740 Crores. The offer includes 370 Crores under fresh issue and 370 Crores under offer for sale. Inox Green Energy IPO QIB quota is 75%, NII quota is 15% and RII quota is 10%. Inox Green Energy IPO listing date is 22 November 2022. You can know about Inox Green Energy IPO GMP (Grey Market Premium) below.
Inox Green Energy has given bad financial performance. The company made a loss of ₹4.95 crores in the financial year 2022 (March 2022). The IPO of Inox Green Energy will be listed on NSE and BSE. Inox Green Energy IPO face value is ₹10 per equity share.
We will talk about Inox Green Energy Limited financials, benefits, and risks of investing in the company.
About Inox Green Energy International Ltd
INOX Green Energy was established in the year 2012. The company is one of the leading wind power operation and maintenance service providers primarily within India. Inox Green Energy Limited is a subsidiary of Inox Wind Limited ("IWL"), a company that is registered on the National Stock Exchange of India. Ltd. and is listed on BSE Ltd. Also, this company is part of the Inox GFL group of companies.
INOX Green Energy Services Limited has a presence in the states of Rajasthan, Gujarat, Maharashtra, Madhya Pradesh, Karnataka, Andhra Pradesh, Kerala, and Tamil Nadu. The company is engaged in the business of providing long-term O&M services for wind farm projects.
Purpose of the offer
- To prepay/repay all or a part of the dues raised by the company.
- To finance capital expenditure requirements for the purchase of new machinery.
- To meet general corporate objectives.
Inox Green Energy IPO Date and Price Band Details
| IPO Open: | 11 November 2022 |
| IPO Close: | 15 November 2022 |
| Listing Date: | 23 November 2022 |
| Listing On: | NSE & BSE |
| IPO Size: | Approx ₹740 crores |
| Fresh Issue: | Approx ₹370 crores |
| Offer For Sale: | Approx ₹370 crores |
| Price Band: | ₹61 to ₹65 per share |
| Face Value: | ₹10 per Equity share |
| QIB Portion: | 75% |
| Retail Portion: | 10% |
| NII Portion: | 15% |
| Employee Res: | Not Disclosed |
Inox Green Energy IPO Lot Size Details
| Minimum Lot: | 01 |
| Minimum Lot Size: | 230 Shares |
| Minimum Amount: | ₹14,950 |
| Maximum Lot: | 13 |
| Maximum Lot Size: | 2990 Shares |
| Maximum Amount: | ₹194,350 |
Inox Green Energy IPO Open, Close, Allotment, and Listing Date
| Ipo Opening Date: | 11 November 2022 |
| IPO Closing Date: | 15 November 2022 |
| Basis of Allotment: | 18 November 2022 |
| Refund Date: | 21 November 2022 |
| Credit to Demat Account: | 22 November 2022 |
| Listing Date: | 23 November 2022 |
Inox Green Energy IPO Review
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You can also check the latest IPO subscription status and IPO allotment status of Inox Green Energy IPO on our website.
Inox Green Energy Ipo Rating
Review For Listing Gain
Review For Short term
Review For Long term
Strength
- The company's current portfolio is solid and comprehensive.
- The company can benefit from the green energy campaign.
- The company has long-term O&M contracts with its counterparts having good credit quality capable of providing consistent cash flow.
Risks
- Presently the company is completely dependent on Inox Wind.
- The company has been making losses in the last few financial years. Investors who want to invest in a company with better fundamentals can avoid it.
- The rate of renewal of the Company's services for sales and service contracts may decrease in the future.
- The company has been facing stiff competition from many big companies in the green energy sector.
Inox Green Energy Ltd Financials
Inox Green Energy Financials(in Crores)
| Year | Total Assets | Revenue | Profit |
|---|---|---|---|
| Mar 2020 | ₹2339.86 | ₹172.16 | ₹1.68 |
| Mar 2021 | ₹2692.8 | ₹186.29 | -₹27.73 |
| Mar 2022 | ₹2120.65 | ₹190.23 | -₹4.95 |
| Jun 2022 | ₹2127.74 | ₹63.16 | -₹11.58 |
Promoters
- Inox Wind Limited
Contact Details of Inox Green Energy
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: investor@inoxgreen.com
Website:www.inoxgreen.com
Inox Green Energy Lead Managers
- DAM Capital Advisors Limited
- Equirus Capital Private Limited
- Edelweiss Financial Services Limited
- IDBI Capital Markets & Securities Limited
- IDBI Capital Markets & Securities Limited
Inox Green Energy IPO Registrars
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli (West)
Mumbai 400 083, Maharashtra
Telephone: +91 22 4918 6200
Email: inoxgreen.ipo@linkintime.co.in
Website:www.linkintime.co.in
Conclusion
Inox Green Energy operates in the wind energy (green energy) sector. Looking at the financials of the company, the track record has not really been good. In the financial year 2022, the company had a loss of Rs 4.95 crore. Also the company is running in loss for the last several financial years. Our suggestion will be updated when the INOX Green Energy Limited IPO starts. Inox Green Energy Limited IPO financial statement and other information is provided above.
Inox Green Energy IPO FAQs
How to Apply the Inox Green Energy Ltd IPO with Zerodha?
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