Inox Green Energy Services Limited IPO (Inox Green Energy IPO) Details and GMP, Price band, Lot size
Company Profile
Incorporated
in 2012, 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
For more information please visit companys website
Company
Financials
|
Inox Green Energy Services Limited Financial
Information (Restated) Amount in ₹ Crore |
|||||
|
Period
Ended |
Total Assets |
Total Revenue |
Profit After Tax |
Net Worth |
Total Borrowing |
|
31-Mar-20 |
2339.86 |
172.16 |
1.68 |
96.54 |
1084.92 |
|
31-Mar-21 |
2692.8 |
186.29 |
-27.73 |
42.96 |
1411.02 |
|
31-Mar-22 |
2120.65 |
190.23 |
-4.95 |
806.63 |
904.17 |
|
30-Jun-22 |
2127.74 |
63.16 |
-11.58 |
795 |
909.92 |
Objects
of the Issue
The
net proceeds of the Fresh Issue, i.e., gross proceeds of the Fresh Issue:
I.
Repayment and/ or pre-payment, in full or part, of certain borrowings availed
by the Company including redemption of Non- Convertible Debentures in full.
II.
General corporate purposes.
Inox
Green Energy IPO Details
|
IPO Date |
Nov
11, 2022 to Nov 15, 2022 |
|
Listing
Date |
|
|
Face
Value |
₹10 per share |
|
Price |
₹61 to ₹65 per share |
|
Lot
Size |
230 Shares |
|
Issue
Size |
113,846,154
shares of ₹10 |
|
Fresh
Issue |
56,923,077
shares of ₹10 |
|
Offer
for Sale |
56,923,077
shares of ₹10 |
|
Issue
Type |
Book
Built Issue IPO |
|
Listing
At |
BSE,
NSE |
|
QIB
Shares Offered |
Not
less than 75% of the Offer |
|
NII
(HNI) Shares Offered |
Not
more than 15% of the Offer |
|
Retail
Shares Offered |
Not
more than 10% of the Offer |
|
Company
Promoters |
Inox Wind Limited is the company promoter. |
Inox Green Energy IPO Lot Size
The Inox Green
Energy IPO lot size is 230 shares. A retail-individual investor can apply
for up to 13 lots (2990 shares or ₹194,350).
|
Application |
Lots |
Shares |
Amount |
|
Retail
(Min) |
1 |
230 |
₹14,950 |
|
Retail
(Max) |
13 |
2990 |
₹194,350 |
|
S-HNI
(Min) |
14 |
3,220 |
₹209,300 |
|
B-HNI
(Min) |
67 |
15,410 |
₹1,001,650 |
Inox
Green Energy IPO Tentative Timetable
Inox Green Energy IPO
opens on Nov 11, 2022, and closes on Nov 15, 2022. The Inox Green Energy IPO bid date is from
Nov 11, 2022 10.00 A.M. to Nov 15, 2022 5.00 P.M. The Cut-off time for UPI
Mandate confirmation is 5 PM on the issue closing day.
|
Event |
Tentative Date |
|
Opening
Date |
Nov 11, 2022 |
|
Closing
Date |
Nov 15, 2022 |
|
Basis
of Allotment |
Nov 18, 2022 |
|
Initiation
of Refunds |
Nov 21, 2022 |
|
Credit
of Shares to Demat |
Nov 22, 2022 |
|
Listing
Date |
Nov 23, 2022 |
Inox Green Energy GMP
Estimated Listing Price 71 (9.23%) it can be updated on time to time so check every day
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*Terms and conditions apply. This is an information communication not be considered as a suggestion for investment. Investments in securities market are subject to market risks, read all the related documents carefully before investing.
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