Inox Green Energy Services Limited has branches in Gujarat, Rajasthan, Maharashtra, Madhya Pradesh, Karnataka, Andhra Pradesh, Kerela and Tamil Nadu.
As of the end of the financial year 2021-22, there are 393 employees, revenue of company in 2020, 2021 and 2022 was ₹1,653.15 Millions, ₹1,722.48 Millions and ₹1,721.66 Millions, respectively.
Inox Green Energy Services IPO is opening for subscription on 11th November and closes on 15th November.
The proposed offer consists of a fresh issue of equity shares worth up to Rs 370 crore and an offer for sale of up to Rs 370 crore by Inox Green, Inox Wind. Inox Wind owns more than 22 crore shares of Inox Green Energy Services, translating to 93.84% of the entire equity share capital.
The issue will be listed on 23rd November and the shares will be allotted on 18th November. The price band is Rs. 61 – 65 per share and the lot size is fixed at 230 shares.
Date:- 19/11/2022
Inox green energy services ipo gmp today is -5 rupees.
Date:- 18/11/2022
Inox green energy services ipo gmp today is 2 rupees.
Date:- 17/11/2022
Inox green energy services ipo gmp today is 0 rupees.
Date:- 16/11/2022
Inox green energy services ipo gmp today is 0 rupees.
Date:- 15/11/2022
Inox green energy services ipo gmp today is 4 rupees.
Date:- 14/11/2022
Inox green energy services ipo gmp today is 5 rupees.
Date:- 12/11/2022
Inox green energy services ipo gmp today is 10 rupees.
Date:- 11/11/2022
Inox green energy services ipo gmp today is 10 rupees.
Date:- 10/11/2022
Inox green energy services ipo gmp today is 10 rupees.
Date:- 09/11/2022
Inox green energy services ipo gmp today is 10 rupees.
Inox Green Energy Services IPO Details
Open Date 11 Nov.
Close Date 15 Nov.
Lot Size 230
IPO Size ₹ 740.00 Cr
IPO Price Range ₹ 61 to ₹65
Min Investment ₹ 14030
Listing Exchange BSE, NSE.
Basis of Allotment 18 Nov.
Refunds 21 Nov.
Credit to Demat Account 22 Nov.
Listing Date 23 Nov.
Objective of Inox Green Energy IPO
The proceeds from the issue will be used for the following:
1. to repay or prepay certain borrowings of the company and
2. for general corporate purposes
IPO Key Points
Strengths
1. Strong and diverse existing portfolio base.
2. Reliable cash flow supported by long-term O&M contracts with high credit quality counterparties
3. Established supply chain in place
4. Supported and promoted by our parent company, IWL
Risks
1. Entirely dependent on Inox Wind Limited, the promoter for its business and if they were to choose another service provider for O&M services of their WTGs, business, financial condition and prospects may be adversely affected.
2. Technology failures or advancements could disrupt the operations
3. The demand for the services is primarily dependent on the demand for electricity.
4. Dependent on external suppliers for spares and components.
5. It may be liable for penalties and other liabilities under the O&M contracts in case of any deficiencies in the services provided by it.
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