Inox Green Energy Services Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹61 - ₹65
- Lot size
- 230 shares
- Issue amount
- ₹740 cr
- Total subscription
- 1.55×
- Opens
- 11 Nov 2022
- Closes
- 15 Nov 2022
- Allotment
- 18 Nov 2022
- Listing
- 23 Nov 2022
Offer at a glance
Issue overview
- Issue size
- 11,38,46,152 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹14,030
- Fresh issue
- ₹370 cr
- Offer for sale
- ₹370 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,950
- Issue type
- Bookbuilding IPO
- Shares before issue
- 23,50,16,258
- Shares after issue
- 29,19,39,334
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 230 | ₹14,950 |
| sHNI | 14 | 3,220 | ₹2,09,300 |
| bHNI | 67 | 15,410 | ₹10,01,650 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 222 | 247.74 |
| RETAIL | 74 | 370.54 |
| NIB | 111 | 56.03 |
| HNIs 2+ | 37 | 25.22 |
| HNIs 10+ | 74 | 30.82 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Company information
Company profile
Inox Green Energy Services Limited is a leading provider of wind power operation and maintenance (O&M) services in India. It is a subsidiary of Inox Wind Limited (IWL), which is listed on the NSE and BSE and is part of the Inox GFL Group. Key Highlights: Exclusive O&M Services: The company provides long-term O&M services for all wind turbine generators (WTGs) sold by IWL, with contracts typically lasting between 5 to 20 years. Specialized in Wind Farm Maintenance: Focuses on ensuring the efficient operation of wind turbine generators (WTGs) across multiple wind farm projects. Experienced Team: As of March 31, 2022, the company had 393 employees, including industry experts in WTG maintenance and wind energy. Pan-India Presence: Operates in key wind energy states such as Gujarat, Rajasthan, Maharashtra, Madhya Pradesh, Karnataka, Andhra Pradesh, Kerala, and Tamil Nadu. Steady Revenue Growth: Revenue from O&M services was ₹1,721.66 million in FY22, ₹1,722.48 million in FY21, and ₹1,653.15 million in FY20. Inox Green Energy Services plays a crucial role in India’s renewable energy sector, ensuring the smooth operation of wind power projects across the country.
Strengths
- Strong & Diverse Portfolio: Holds a wide and well-diversified asset base.
- Proven Track Record: Benefits from supportive national policies and strong visibility for future growth.
- Reliable Cash Flows: Secured through long-term O&M contracts with high-credit-quality partners.
- Parent Company Support: Backed and promoted by IWL, strengthening overall stability.
- Established Supply Chain: Operates with a dependable and efficient supplier network.
- Experienced Management Team: Led by a skilled and knowledgeable leadership group.
Promoters
Inox Wind Limited
Registrar & documents
Lead manager
Edelweiss Financial Services Limited, Dam Capital Advisors Limited, Equirus Capital Private Limited, IDBI Capital Market Services Limited, Systematix Corporate Services Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Survey No. 1837 & 1834 At Moje Jetalpur ABS Towers, Second Floor Old Padra Road, Vadodara- 390 007
+91 120 6149 600
[email protected]Company website ↗Understanding INOXGREEN IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.