Inox Green Energy Services Limited IPO
Inox Green Energy IPO Review
Inox Green Energy Services Limited was established in the year 2012 and is India’s one of the major wind power operation and maintenance (“O&M”) service providers. The Company has received a certificate of commencement of business on 14th June, 2012 from the Registrar of Companies, Gujarat, Dadra and Nagar Haveli. The name of this Company was changed to Inox Green Energy Services Limited with effect from 27th October, 2021.
Inox Green Energy Products and Services
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.
As per the balance statement of the company, their performance does not seem that much satisfied. But keeping the future of wind or renewable energy resources and its rising demand, investors might think to apply for this IPO.