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Inox Green Energy IPO
The IPO aggregates up to Rs 740 crore with Rs 370 crore in fresh equities and Rs 370 crore in an offer for sale of equities. The company is a major wind power operation and management (O&M) service provider in India. If you are existing user of Angelone, Preapply Now and avoid last minute hustle.
Opening Date
Nov 11, 2022
Closing Date
Nov 15, 2022
Price Band
₹61 - ₹65
per equity share
Issue Size
₹740 Cr
Face Value
₹10
per equity share
Market Lot
230 Shares
Opening Date
Nov 11, 2022
Closing Date
Nov 15, 2022
Price Band
₹61 - ₹65
per equity share
Issue Size
₹740 Cr
Face Value
₹10
per equity share
Market Lot
230 Shares
Listing at NSE, BSE
Inox Green Energy Services Ltd. IPO Important Dates
| IPO Open Date | Nov 11, 2022 |
|---|---|
| IPO Close Date | Nov 15, 2022 |
| 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 |
| UPI Mandate Expiry Date | To be announced |
Inox Green IPO Latest News and Subscription Status Today [Live]
At 05:54:00 PM.
This IPO has been subscribed 1.55x by 05:54 PM. on Day 3
It is a public issue of 66,721,310 equity shares.
Status of Subscription
This IPO has been subscribed 1.51x by 03:22 PM. on Day 3
It is a public issue of 66,721,310 equity shares.
Status of Subscription
This IPO has been subscribed 1.34x by 01:32 PM. on Day 3
It is a public issue of 66,721,310 equity shares.
Status of Subscription
This IPO has been subscribed 1.19x by 10:48 AM. on Day 3
It is a public issue of 66,721,310 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 1.05
- (NII) Non-institutional buyers: 0.47
- (RII) Retail Individual buyers: 4.70
- Employees: [.]
- (QIB) Qualified institutional buyers: 1.05
- (NII) Non-institutional buyers: 0.46
- (RII) Retail Individual buyers: 4.48
- Employees: [.]
- (QIB) Qualified institutional buyers: 0.97
- (NII) Non-institutional buyers: 0.35
- (RII) Retail Individual buyers: 3.96
- Employees: [.]
- (QIB) Qualified institutional buyers: 0.90
- (NII) Non-institutional buyers: 0.27
- (RII) Retail Individual buyers: 3.42
- Employees: [.]
At 05:00:00 PM.
This IPO has been subscribed 0.85x by 05:00 PM. on Day 2
It is a public issue of 66,721,310 equity shares.
Status of Subscription
This IPO has been subscribed 0.69x by 03:02 PM. on Day 2
It is a public issue of 66,721,310 equity shares.
Status of Subscription
This IPO has been subscribed 0.64x by 01:08 PM. on Day 2
It is a public issue of 66,721,310 equity shares.
Status of Subscription
This IPO has been subscribed 0.4x by 10:58 AM. on Day 2
It is a public issue of 66,721,310 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.47
- (NII) Non-institutional buyers: 0.23
- (RII) Retail Individual buyers: 2.93
- Employees: [.]
- (QIB) Qualified institutional buyers: 0.47
- (NII) Non-institutional buyers: 0.12
- (RII) Retail Individual buyers: 2.17
- Employees: [.]
- (QIB) Qualified institutional buyers: 0.47
- (NII) Non-institutional buyers: 0.10
- (RII) Retail Individual buyers: 1.93
- Employees: [.]
- (QIB) Qualified institutional buyers: 0.47
- (NII) Non-institutional buyers: 0.07
- (RII) Retail Individual buyers: 1.53
- Employees: [.]
At 10:29:00 AM.
This IPO has been subscribed 0.4x by 10:29 AM. on Day 1
It is a public issue of 66,721,310 equity shares.
Status of Subscription
This IPO has been subscribed 0.18x by 02:04 PM. on Day 1
It is a public issue of 66,721,310 equity shares.
Status of Subscription
This IPO has been subscribed 0.21x by 03:18 PM. on Day 1
It is a public issue of 66,721,310 equity shares.
Status of Subscription
This IPO has been subscribed 0.46x by 05:00 PM. on Day 1
It is a public issue of 66,721,310 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00
- (NII) Non-institutional buyers: 0.01
- (RII) Retail Individual buyers: 0.03
- Employees: [.]
- (QIB) Qualified institutional buyers: 0.20
- (NII) Non-institutional buyers: 0.01
- (RII) Retail Individual buyers: 0.40
- Employees: [.]
- (QIB) Qualified institutional buyers: 0.23
- (NII) Non-institutional buyers: 0.04
- (RII) Retail Individual buyers: 0.62
- Employees: [.]
- (QIB) Qualified institutional buyers: 0.47
- (NII) Non-institutional buyers: 0.05
- (RII) Retail Individual buyers: 1.03
- Employees: [.]
About Inox Green Energy Services Ltd.
Inox Green technology is engaged in providing long-term O&M services for wind farm projects, specifically wind turbine generators and the common infrastructure facilities of wind farms.
The company is a subsidiary of Inox Wind Ltd., which is listed on the NSE.
Inox Green Energy Services Ltd. IPO Objectives
• The company proposes using net proceeds from new shares to meet general corporate purposes and for repayment and prepayment of some borrowings.
Why should you invest in the Inox Green Energy Services IPO?
Here are our top reasons:
- They are in all of India's wind resource-rich states, supported by a strong and diverse portfolio.
- The company has a solid track record of being a key player in the industry for nine years.
- The favourable national policy to promote renewable energy helps support the company's future growth.
Financial Highlights
| Particulars | For the year/period ended (₹ in million) | ||
|---|---|---|---|
| FY21 | FY20 | FY19 | |
| Revenue From Operation | 27,668.23 | 46,982.75 | 30,864.31 |
| EBITDA | 8,143.68 | 9,869.66 | 5208.89 |
| EBITDA Margin (%) | 34.57 | 20.81 | 16.43 |
| Profit After Tax | 3,063.87 | 1,813.57 | 826.12 |
| EPS | 5.06 | 2.35 | 0.41 |
| ROE | |||
Subscribe to our channel now to know about : Inox Green Energy Services IPO 2022
How to apply for Inox Green Energy Services IPO?
Retail investors need to apply for the IPO using UPI.
UPI
- Link your bank account to a UPI ID.
- Register your UPI id with your Demat account.
- Subscribe for Inox Green Energy Services IPO and approve the payment on your UPI ID.
Demat Account
- If you’re a new investor, Open a DEMAT Account for free with Angel One and begin your investment journey.
Inox Green Energy Services Ltd. IPO Noteworthy Highlights:
- The company exclusively provides O&M services for all the WTGs sold by IWL.
- As of December 31, 2021, their O&M services portfolio consisted of an aggregate 2,706 MW of wind farm capacity and 1,353 WTGs.
The Brand’s Pros & Cons:
| Pros | Cons |
|---|---|
| They are supported and promoted by their parent company, IWL. | Their dependency on the parent company may impact the company's future cash flow. |
| They have formed long-term O&M contracts with clients, ranging from five to twenty years, providing complete revenue visibility. | If the sale of services and contract renewal rate decrease in the future, it will adversely affect the company's revenue. |
| As the industry receives government support, the company will continue on the growth track. | As IT systems are critical, technology failure and advancements could disrupt their operation. |
Competitive Peers
There are no listed companies in India that are comparable in all aspects of business and services that Inox Green Energy provides. Hence, it is not possible to provide an industry comparison in relation to the company.
Inox Green Energy Services IPO FAQs
What is Inox Green Energy Services India IPO?
Inox Green Energy Services has filed for a Rs 740 crore IPO consisting of Rs 370 crore in new shares and Rs 370 in offer for sale of equities.
When will the Inox Green Energy Services IPO allotment be available?
Inox Green Energy Services IPO allotment will be available from 18th Nov, 2022.
What will be the Inox Green Energy Services IPO lot size?
Inox Green Energy Services IPO lot size is 230 shares.
When will Inox Green Energy Services IPO open for subscription?
Inox Green Energy Services IPO opens for subscription on 11th Nov, 2022.
What minimum lot size can retail investors subscribe to?
The minimum investment size is one lot for retail investors.
When will Inox Green Energy Services list on exchanges?
It takes around ten business days from the last day of subscription to list the IPO on the bourses.
How to check the allotment status of Inox Green Energy Services IPO?
Angel One customers can log in to their accounts to check Inox Green Energy Services IPO allotment status.
When checking the allotment status, keep your application, DP ID, and PAN number ready.
When checking the allotment status, keep your application, DP ID, and PAN number ready.
What would be the listing gains on Inox Green Energy Services IPO?
Listing gain is the difference between the IPO's opening and offer prices.
The listing gain results from changing investors' interests, global parameters, and short vs long-term outlooks.
The listing gain results from changing investors' interests, global parameters, and short vs long-term outlooks.
I have finished the application process for Inox Green Energy Services IPO, but the funds are not yet debited. What is the reason?
The bank initially blocks the amount you bid for an IPO. It will debit the amount when the shares get allotted or unblock it after the UPI mandate expiry date.
How to approve the UPI mandate request for the Inox Green Energy Services IPO?
See if you have received a payment request in the UPI portal. Login to the UPI interface and approve the payment request to complete the IPO application process.
Can I submit more than one application for the public issue of Inox Green Energy Services using one PAN?
No. Only one application at a time is allowed against one PAN card.
What is the minimum order quantity for Inox Green Energy Services IPO?
The minimum size of the application will be one lot.
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