Inox Green Energy Services Limited IPO - Review, Status, Price, Open Date, Allotment, Lot Size

 

Inox Green Energy Services Limited IPO

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Inox Green Energy Services Limited IPO

Inox Green Energy Services Limited is India’s one of the major wind power operation and maintenance (“O&M”) service providers. This company is engaged in the business of providing long-term O&M services for the wind farm projects, specifically the provision of O&M services for wind turbine generators (“WTGs”) and the common infrastructure facilities on the wind farm that supports the evacuation of power from such WTGs. It is a subsidiary of Inox Wind Limited (“IWL”), a company which is listed on NSE and BSE, and part of the Inox GFL group of companies (“Inox GFL Group”). Their subsidiaries are engaged in the business of power generation through renewable sources of energy with Nani Virani Wind Energy Private Limited being the only subsidiary which has commenced the power generation as of the date of its Red Herring Prospectus document.

Company Promoters:
• Inox Wind Limited

Objects of this Issue:
• Repayment/ prepayment, in full or part, of the certain borrowings availed by the company including redemption of Secured NCDs in full;
• General corporate purposes.

Financial Information of the Company:

 

Amount in Million (Rs.)

As on 31 Mar 2022

As on 31 Mar 2021

As on 31 Mar 2020

Total Assets

21,206.46

26,927.96

23,398.60

Total Liabilities

13,140.14

26,498.34

22,433.17

Net Profit

(49.52)

(277.29)

16.76

The offer:

Particulars

Shares Available for allotment

Percentage of Shares Available for allotment

QIB

3,63,93,442 Equity shares

Not less than 75% of the net offer size

Non-Institutional Portion

1,81,96,721 Equity shares

Not more than 15% of the net offer size

Retail

1,21,31,147 Equity shares

Not more than 10% of the net offer size

Eligible Employees

-

-

Net offer size

6,67,21,310 Equity shares

N/A

Inox Green Energy Services Limited IPO Details

Issue Open

11 Nov 2022

Issue Close

15 Nov 2022

IPO Price

₹61 - ₹65 per equity share

Face Value

₹10 per equity share

IPO Size

₹740 Cr.

Listing At

NSE, BSE

IPO Lot Size

230 Shares

Inox Green Energy Services Limited IPO Promoter Holdings:

Pre-Issue Share Holding

93.84%

Post-Issue Share Holding

56.04%

Inox Green Energy Services Limited IPO Schedule
1. Bid or Offer Opens on: 11th Nov 2022
2. Bid or Offer Closes on: 15th Nov 202
3. Finalization of BoA: 18th Nov 2022
4. Initiation of Refunds: 21st Nov 2022
5. Credit of shares to demat account: 22nd Nov 2022
6. Listing Date: 23rd Nov 2022

Inox Green Energy Services Limited IPO Lot Size
Market lot size of the Inox Green Energy Services Limited IPO is 230 shares. Minimum and Maximum order quantity is as follows:

Application

Lots

Shares

Amount

Retail

Minimum

1

230

₹14,950

Maximum

13

2,990

₹1,94,350

S-HNI

Minimum

14

3,220

₹2,09,300

B-HNI

Minimum

67

15,410

₹10,01,650

Company Contact Details:
Inox Green Energy Services Limited
Survey No. 1837 & 1834 At Moje Jetalpur
ABS Towers, Second Floor
Old Padra Road, Vadodara- 390007,
Gujarat, India.

Phone: +91 120 6149 600
Email: investor@inoxgreen.com
Website: http://www.inoxgreen.com/

Inox Green Energy Services Limited IPO Registrar Details:
Link Intime India Private Limited
C 101, 247 Park, L.B.S. Marg
Vikhroli (West), Mumbai – 400083,
Maharashtra, India.

Phone: +91-22-4918 6270
Email: igesl.ipo@linkintime.co.in
Website: https://linkintime.co.in/

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