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Inox Green Energy Services Ltd. IPO
NSE & BSE Bookbuilding IPO Fresh Capital-cum-Offer for Sale Closed Live Chart
GMP +₹0 +0% Est. Listing ₹65
Issue Price
₹65
Face ₹10
GMP
+₹0
+0% premium
Est. Listing
₹65
GMP based
Lot Size
230
shares / lot
Min Amount
₹14,950
1 lot · 230 shares
Live Price
tap to chart
Allotment
Important Dates
6/6 completed
Open
Close
Allotment
Refund
Demat
Listing
Done
Open Date
11 Nov 2022
Fri Completed
Done
Close Date
15 Nov 2022
Tue Completed
Done
Allotment
18 Nov 2022
Fri Completed
Done
Refund
21 Nov 2022
Mon Completed
Done
Demat Credit
22 Nov 2022
Tue Completed
Done
Listing Date
23 Nov 2022
Wed Completed
UPI Deadline: 15 Nov 2022
Issue Details
Pricing & Size
Issue Price
₹65 Face ₹10
Lot Size
230 shares
Min Investment
₹14,950
Total Issue Size
11,38,46,152 shares (aggregating up to ₹740.00 Cr)
IPO Information
Issue Type
Bookbuilding IPO
Sale Type
Fresh Capital-cum-Offer for Sale
Listing Exchange
NSE & BSE
Script / Ticker
-
Allocation Breakdown
Market Maker
-
QIB Portion
8,53,84,615 (75.00%)
NII / HNI
1,70,76,922 (15.00%)
Retail
1,13,84,615 (10.00%)
Employee
-
Net Offer to Public
-
Shareholding Pattern
Pre-Issue Shareholding
23,50,16,258 shares
Post-Issue Shareholding
29,19,39,334 shares
Application Size
CategoryMin LotsSharesAmount
Retail (sNII) 1 230 ₹14,950
HNI / NII 14 3,220 ₹2,09,300
bHNI / bNII 67 15,410 ₹10,01,650
Objects of Issue
2 objectives
1
1 Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the Company including redemption of Secured NCDs in full; and
260.00 Cr
2
2 General corporate purposes
78.69 Cr
Lead Managers & Market Maker
Book Running Lead Managers
Edelweiss Financial Services Ltd.
Dam Capital Advisors Ltd.
Equirus Capital Pvt.Ltd.
IDBI Capital Markets Services Ltd.
Systematix Corporate Services Ltd.
IPO Timeline
Open
11 Nov
✓ Done
Close
15 Nov
✓ Done
Allotment
18 Nov
✓ Done
Listing
23 Nov
✓ Done
Registrar Details
MUFG Intime India Pvt.Ltd.
SEBI Registered Registrar & Transfer Agent
Phone
+91-22-4918 6270
Email
igesl.ipo@linkintime.co.in
Company Contact
Email
investor@inoxgreen.com
Phone
+91 120 6149 600
Address
Survey No. 1837 & 1834 At Moje Jetalpur ABS Towers, Second Floor Old Padra Road, Vadodara- 390 007 Padra, Gujarat
Grey Market Premium
LIVE
Current GMP
+₹0
+0% vs Issue Price
Issue Price
₹65
Est. Listing
₹65
Lot Size
230 shares
P&L / Lot
+₹0
GMP is unofficial grey market data. Does not guarantee listing price or returns.
GMP Return Calculator
Estimated Listing
GMP %
Investment (1 Lot)
Total Investment
Expected P&L
ROI
Inox Green Energy Services Ltd. LIVE
INR ·
vs Issue
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Mkt Cap
P/E
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| Price
Market Reference
IPO Issue Price
₹65
GMP
+₹0 (+0%)
GMP Est. Listing
₹65
Previous Close
Exchange
Data from Yahoo Finance. May be delayed 15–20 min. GMP is unofficial. Not investment advice.
Category-wise Subscription
Category Sub (×) Offered Bid For Amt (Cr)*
QIB 8,53,84,615 (75.00%) ₹55,500.00 Cr
NII / HNI (Total) 1,70,76,922 (15.00%) ₹11,100.00 Cr
Retail Investors 1,13,84,615 (10.00%) ₹7,400.00 Cr
Total ** 1,13,84,615 (10.00%) ₹7,400.00 Cr
* Based on ₹65.00 (upper price band)
NII / HNI Breakdown
Shares Reserved
QIB
8,53,84,615 (75.00%)
NII
1,70,76,922 (15.00%)
Retail
1,13,84,615 (10.00%)
* Shares Offered and Total Amount are indicative. ** Excluding Market Maker portion. Data sourced from exchange bidding platform.
Financial Summary
Amount in Crore
Metric31-Mar-2031-Mar-2131-Mar-22
Revenue172.16186.29190.23
PAT1.68-27.73-4.95
EBITDA
Net Worth96.5442.96806.63
Total Assets2339.862692.802120.65
Reserves
Borrowings1084.921411.02904.17
Key Financial Ratios
-327
Pre P/E
P/E Pre-Issue
About Inox Green Energy Services Ltd.

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.
Frequently Asked Questions
What is the issue price of Inox Green Energy Services Ltd. IPO?
The issue price of Inox Green Energy Services Ltd. IPO is ₹65 per share, face value ₹10.
What is the lot size?
Minimum lot size is 230 shares, requiring ₹14,950.
What are the IPO dates?
Opens 11 Nov 2022, closes 15 Nov 2022.
When is the listing date?
Tentative listing: 23 Nov 2022 on NSE & BSE.
What is the current GMP?
Current GMP is +₹0, estimated listing ₹65 (+0%). GMP is unofficial.
How to apply?
Apply via ASBA through your bank, or via UPI through any broker app.

Check Allotment Status

Inox Green Energy Services Ltd. IPO · Expected 18 Nov 2022

Check on Registrar
Post-IPO Timeline
Allotment Date
18 Nov 2022
Refund Initiation
21 Nov 2022
Demat Credit
22 Nov 2022
Listing Date
23 Nov 2022
Live Price LIVE
Quick Facts
Closed
GMP Signal
Bullish
+₹0
+0%
Issue Price
₹65
Face ₹10
Lot Size
230
shares / lot
Min Amount
₹14,950
1 lot
Est. Listing
₹65
GMP +₹0
Key Dates
Open
11 Nov Done
Close
15 Nov Done
Listing
23 Nov Done
Registrar
MUFG Intime India Pvt.Ltd.
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