Inox Green Energy IPO – Started in 2012, Inox Green Energy Services Limited is one of the major wind power operations and maintenance (O & M) providers in India.
List of Topic Covered
Key Features of Inox Green Energy IPO
- Inox Green Energy IPO will open on Nov 11, 2022
- You can apply in this IPO from Nov 11, 2022 to Nov 15, 2022.
- Issue Price band of the company is ₹61 to ₹65 per equity share.
- Inox Green Energy IPO comprises fresh issue of 56,923,077 equity shares of ₹10 (worth ₹370 Crores) and an offer for sale of approx 56,923,077 shares of ₹10 (₹370 Crores) .
- It has a minimum 230 shares in one lot and you have to spend a minimum of ₹14,950 for 1 lot.
- Inox Green Energy is looking to raise ₹740 Crores through this IPO.
What is Inox Green Energy Services Limited
- The company provides long term O&M services for wind turbine generators (WTG) and the other infrastructure facilities on the wind farm.
- The company has an agreement with IWL wherein it provides exclusive O&M services for all WTGs sold by IWL through long term O&M agreements ranging from a period of 5 to 20 years.
- As of June 30, 2022, the company’s O&M services portfolio consisted of an aggregate of 2792 MW of wind farm capacity and 1396 WTGs.
- The company was profitable in 2020 but has been making consistent losses for the last 2 years. Not a positive sign for investors.
Green Energy Energy IPO GMP
Grey market is an unregulated market to trade IPO shares before listing. Inox Green Energy IPO price band is placed at ₹61 to ₹65 , but the grey market premium of this share is currently 0.00% (No trade) i.e. at ₹0. So the share price of Inox Green Energy in the grey market is ₹65.
Click here to Get Details IPO Grey Market Premium (GMP) Live
Inox Green Energy IPO Live Subscription Status
Inox Green Energy IPO is subscribed 1.55 times on it’s final day day i.e. on Nov 15, 2022.
Click here to Get Details IPO Subscription Status Live
Inox Green Energy IPO Date, Lot Size, Allotment
Inox Green Energy IPO Details
| IPO Start Date | November 11, 2022 |
| IPO Close Date | November 15, 2022 |
| Fresh Equity Share Issue | 56,923,077 Shares of ₹10 (worth ₹370 crores) |
| Offer for Sale | 56,923,077 shares of ₹10 (₹370 Crores) |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹61 – ₹65 Per Equity Share |
| Retail Quota Share | 10% |
| QIB Quota | 75% |
| NII (HNI) Quota | 15% |
| Listing on | NSE & BSE |
| Employee Discount | – |
| DRHP | View |
Inox Green Energy IPO Timetable
| IPO Start Date | November 11, 2022 |
| IPO Close Date | November 15, 2022 |
| Basis of Share Allotment Date | November 18, 2022 |
| Refunds Date | November 21, 2022 |
| Credit of shares to Demat Account Date | November 22, 2022 |
| Inox Green Energy IPO Listing Date | November 23, 2022 |
Inox Green Energy IPO Lot Size
| Minimum Lot Size | 230 shares for 1 lot |
| Minimum Amount | ₹ 14,950 for 1 lot |
| Maximum Lot Size | 2990 Shares (13 lot) |
| Maximum Amount | ₹194,350 (for 13 Lot) |
Inox Green Energy Financial Report (2020-2022)
| Year | Revenue | Expense | PAT (Profit / Loss After Tax) |
| 2022 | ₹190 | ₹195 | – ₹4.95 |
| 2021 | ₹186 | ₹200 | – ₹27.73 |
| 2020 | ₹172 | ₹170 | ₹1.67 |
Kaynes Technology IPO – Basis of Allotment
- 75% quota is reserved for the QIB category.
- 15% quota is reserved for NII Category and
- 10% quota is reserved for retail investors.
How to Apply in Inox Green Energy IPO ?
- You can apply for the Inox Green Energy IPO through the ASBA facility available in your bank account.
- Just login to your online banking. Go to the IPO section and apply for Inox Green Energy IPO.
- Also you can apply in this IPO through your trading account.
- One more way to apply in this IPO is through forms which you can download from NSE and BSE website.
- After downloading forms, fill it properly and submit it to the respective banks or to your broker.
How to apply for the Inox Green Energy IPO through Zerodha?
- Login to your console in Zerodha through desktop or app.
- Then go to your portfolio and click on IPO.
- You will see Inox Green Energy IPO
- Then click on the bid button.
- After this enter your UPI ID, price and quantity (lot size)
- Click the submit button.
- At last you have to go to your UPI app to approve the mandate.
How to apply for the Inox Green Energy IPO through Upstox?
- Login to your Upstox account through desktop or app.
- You will see the name Inox Green Energy IPO.
- Then hit the bid button.
- Click the submit button.
- At last you have to go to your UPI app to approve the mandate.
Inox Green Energy IPO Allotment Status
You can check Inox Green Energy IPO allotment status on Registrar and Transfer Agent Website
Also you can check the allotment status on NSE Website
Other Information in Inox Green Energy IPO
Inox Green Energy IPO Promoters
- Inox Wind Limited
Inox Wind Limited IPO Lead Managers
- Edelweiss Financial Services Ltd
- DAM Capital Advisors Ltd
- Equirus Capital Private Limited
- IDBI Capital Market Services Limited
- Systematix Corporate Services Limited
Inox Green Energy Contact Information
Inox Green Energy Services Limited
Survey No. 1837 & 1834
At Moje Jetalpur ABS Towers, Second Floor
Old Padra Road, Vadodara- 390 007
- Phone: +91 120 6149 600
- Email: investor@inoxgreen.com
- Website: http://www.inoxgreen.com/
Inox Green Energy IPO Registrar Contact Information
Link Intime India Private Ltd
- Phone: +91-22-4918 6270
- Email: igesl.ipo@linkintime.co.in
- Website: https://linkintime.co.in/
Paisa kaudi recommendation on Inox Green Energy IPO
Inox Green Energy Services is one of the major wind power operation and maintenance (“O&M”) service providers in India. Price range is convincing. Grey market premium is at ₹6. Can be considered for a long term gain. You can invest in this for 5-10% of listing gain.
Keep checking the GMP for more clear picture. Stay alert as markets are volatile now a days.
Inox Green Energy IPO FAQs
It is the main-board IPO which will be listed on NSE & BSE. They are going to raise Approx ₹740 Crores through this IPO. One lot has minimum 230 shares and you have to spend a minimum ₹14,950 for 1 lot.
Kaynes Technology IPO price band is ₹61 to ₹65.
One lot has minimum 230 shares and you have to spend a minimum ₹14,950 for 1 lot. Maximum lot is 13 and you have to spent ₹1,94,350.
10% quota is reserved for retail investors. 15% quota is reserved for NII Category and 75% quota is reserved for the QIB category.
Inox Green Energy IPO will open on November 11, 2022.
Basis of Allotment for Inox Green Energy IPO will happen on November 18, 2022 and allotted shares will be deposited in your demat account on November 22, 2022.
Shares of Inox Green Energy IPO will list in the market on November 23, 2022.
This covers all the points on Inox Green Energy IPO. Please write in the comment box if you need any further information on this.
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