Inox Green IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Inox Green

CMP

138.90

+1.08 (0.78%)

₹65

Offer Price

₹ 740.00 Cr

Issue Size

₹ 14,950

Min Investment

1.55x

Times Subscribed

230

Lot size

Time Line

  • 11
    Nov 2022
    Open
  • 15
    Nov 2022
    Close
  • 18
    Nov 2022
    Finalisation of Basis of Allotment
  • 21
    Nov 2022
    Initiation of Refunds
  • 22
    Nov 2022
    Transfer of Shares to Demat Account
  • 23
    Nov 2022
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • Exploring opportunities to expand its portfolio and scale its operations.

  • Transitioning to an asset-light model with minimal capital expenditure which it believes will result in higher EBITDA and profit margins.

  • Continuing and enhancing its focus on predictive maintenance over reactive maintenance.

  • Provide analytics and asset performance forecast services.

Products & Services

  • The Company is one of the major wind power operation and maintenance ("O&M") service providers within India.

Strengths

  • Strong and diverse existing portfolio base;

  • Established track record, favourable national policy support and visibility for future growth;

  • Reliable cash flow supported by long-term O&M contracts with high credit quality counterparties;

  • Supported and promoted by our parent company, IWL;

  • Established supply chain in place;

Company Promoters

Promoters Holding

Issue For IPO
93.84%
Pre Holding

93.84%

Post Holding

-

Top Promoters Holding

Financials

All values in Cr

Mar-2021 Mar-2022 Mar-2023 3-Yr trend
Revenue 172.25 (4.20%) 172.17 (-0.10%) 254.23 (47.70%)
Gross Profit 172.25 (4.20%) 172.17 (-0.10%) 254.23 (47.70%)
Net Income 172.25 (4.20%) 172.17 (-0.10%) 254.23 (47.70%)
Assets 172.25 (4.20%) 172.17 (-0.10%) 254.23 (47.70%)
Liabilities 172.25 (4.20%) 172.17 (-0.10%) 254.23 (47.70%)

Book Running Managers

  • Edelweiss Financial Services Ltd
  • DAM Capital Advisors Ltd
  • Equirus Capital Pvt Ltd
  • IDBI Capital Markets & Securities Ltd
  • Systematix Corporate Services Ltd

Registrar & Transfer Agent

Link Intime India Pvt Ltd

C-101 247 Park,
L B S Marg,
Vikhroli West - Mumbai-400083
Phone : 91-22-49186000 Fax: 91-22-49186060

Company Contact Information

SNo 1837 & 1834 Moje Jetalpur,
ABS Tower 2nd Flr Old Padra Rd,
Vadodara - 390007
Phone : 91 2656198111 Email : Investor@inoxgreen.com www.inoxgreen.com

Offer Related Information

Initial public offering of 113,846,152** equity shares of face value of Rs. 10 each ("Equity Shares") of the company for cash at a price of Rs. 65 per equity share (including a premium of Rs. 55 per equity share) ("Offer Price") aggregating to Rs. 740.00* crores ("Offer"). The offer comprises of a fresh issue of 56,923,076** equity shares aggregating to Rs. 370.00** crores ("Fresh Issue") and an offer for sale of 56,923,076** equity shares ("Offered Shares") aggregating to Rs. 370.00** crores... More

News

  • 16 Nov 2022, 11:00 AM

    Inox Green Energy Services IPO ends with decent subscription

  • 15 Nov 2022, 17:36 PM

    Inox Green Energy Services IPO subscribed 1.55 times

  • 14 Nov 2022, 17:26 PM

    Inox Green Energy Services IPO subscribed 85%

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