Inox Green
CMP
169.61
+1.20 (0.71%)
₹65
Offer Price
₹ 740.00 Cr
Issue Size
₹ 14,950
Min Investment
1.55x
Times Subscribed
230
Lot size
Time Line
-
11Nov 2022Open
-
15Nov 2022Close
-
18Nov 2022Finalisation of Basis of Allotment
-
21Nov 2022Initiation of Refunds
-
22Nov 2022Transfer of Shares to Demat Account
-
23Nov 2022Listing Date
Shares Offered
Number of Times Subscribed
Day 3
15 Nov 2022
1.55x
QIB
1.05
NIB
0.47
Retail
4.70
Employee
0.00
Day 2
14 Nov 2022
0.85x
QIB
0.47
NIB
0.23
Retail
2.93
Employee
0.00
Day 1
11 Nov 2022
0.46x
QIB
0.47
NIB
0.05
Retail
1.03
Employee
0.00
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
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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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