Inox Green Energy Services Limited
- IPO Date11 Nov, 2022 to 15 Nov, 2022
- Listing Date23 Nov, 2022
- Face Value₹10 per share
- Issue Price₹61 to ₹65 per share
- Lot Size230 Shares
- Minimum Investment₹14,950
- Listing At-
- Total Issue Size-
- Fresh Issue-
- Offer for Sale-
- Issue Type-
- Share holding pre issue-
- Shareholding post issue-
IPO Dates
Closing Date
15 Nov, 2022
Initiation of Refunds
22 Nov, 2022
Listing Date
23 Nov, 2022
11 Nov, 2022
Opening Date
18 Nov, 2022
Basis of Allotment
22 Nov, 2022
Credit of Shares
Inox Green Energy Services Limited Lot Size
Investors can bid for a minimum of 230 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| 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 Promoter Holding
Inox Wind Limited is the company promoter.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 93.84% | 56.04% |
Inox Green Energy Services Limited COMPANY INFORMATION
Inox Green Energy IPO is a book built issue of Rs 740.00 crores. The issue is a combination of fresh issue of 5.69 crore shares aggregating to Rs 370.00 crores and offer for sale of 5.69 crore shares aggregating to Rs 370.00 crores. Inox Green Energy IPO bidding started from November 11, 2022 and ended on November 15, 2022. The allotment for Inox Green Energy IPO was finalized on Friday, November 18, 2022. The shares got listed on BSE, NSE on November 23, 2022. Inox Green Energy IPO price band is set at ₹61 to ₹65 per share. The minimum lot size for an application is 230 Shares. The minimum amount of investment required by retail investors is ₹14,950. The minimum lot size investment for sNII is 14 lots (3,220 shares), amounting to ₹209,300, and for bNII, it is 67 lots (15,410 shares), amounting to ₹1,001,650. Edelweiss Financial Services Ltd, Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd), Equirus Capital Private Limited, Idbi Capital Market Services Limited and Systematix Corporate Services Limited are the book running lead managers of the Inox Green Energy IPO, while Link Intime India Private Ltd is the registrar for the issue. Refer to Inox Green Energy IPO RHP for detailed information.
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.
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.
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.
FAQs About Inox Green Energy Services Limited
Inox Green Energy Services Limited will open on 11 Nov, 2022 and close on 15 Nov, 2022. Investors must apply within this period to participate.
The Inox Green Energy Services Limited price band is set between ₹61.00 and ₹65.00 per share. The minimum lot size is 230, requiring an investment of at least ₹14950.00.
The Inox Green Energy Services Limited shares are expected to be listed on 23 Nov, 2022, subject to regulatory approvals and final allotment.
You can track your Inox Green Energy Services Limited application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Inox Green Energy Services Limited will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.