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.
The net proceeds of the Fresh Issue, i.e., gross proceeds of the Fresh Issue:
| IPO Opening Date | 11 Nov 2022 |
|---|---|
| IPO Closing Date | 15 Nov 2022 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 Equity Share |
| IPO Price | ₹61 to ₹65 per share |
| Market Lot | 230 Shares |
| Min Order Quantity | 230 Shares |
| Listing At | BSE, NSE |
| Issue Size | 113,846,154 shares of ₹10 (aggregating up to ₹740.00 Cr) |
| Fresh Issue | 56,923,077 shares of ₹10 (aggregating up to ₹370.00 Cr) |
| Offer for Sale | 56,923,077 shares of ₹10 (aggregating up to ₹370.00 Cr) |
| 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 |
| Basis of Allotment Date | Nov 18, 2022 |
|---|---|
| Initiation of Refunds | Nov 21, 2022 |
| Credit of Shares to Demat Account | Nov 22, 2022 |
| IPO Listing Date | Nov 23, 2022 |
Inox Green Energy IPO is a main-board IPO of 113,846,154 equity shares of the face value of ₹10 aggregating up to ₹740.00 Crores. The issue is priced at ₹61 to ₹65 per share. The minimum order quantity is 230 Shares.
The IPO opens on Nov 11, 2022, and closes on Nov 15, 2022.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,
The Inox Green Energy IPO opens on Nov 11, 2022 and closes on Nov 15, 2022.
Inox Green Energy IPO lot size is 230 Shares and the minimum order quantity is 230 Shares.
You can apply in Inox Green Energy IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services.
The finalization of Basis of Allotment for Inox Green Energy IPO will be done on Nov 18, 2022, and the allotted shares will be credited to your demat account by Nov 22,
Check the IPO allotment status.
The Inox Green Energy IPO listing date is Nov 23, 2022. The tentative date of Inox Green Energy IPO listing is Nov 23, 2022.
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