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Company Name:

Inox Green Energy Services Limited

Symbol

INOXGREEN

Issue Date

Nov, 11 to Nov 15, 2022

Issue Size

₹740 Cr

Lot Size

230 Shares

Issue Price

₹61 to ₹65 per share

Min Investment

₹14,030

Allotment Date

Nov,18 2022

Listing Date

Nov, 23 2022

IPO Block

RHP

Company Profile

Inox Green Energy is a major wind power operation and maintenance (“O&M”) service provider within India. Our Company is engaged in the business of providing long-term O&M services for wind farm projects, specifically the provision of O&M services for wind turbine generators (“WTGs”) and the common infrastructure facilities on the wind farm which support the evacuation of power from such WTGs.

  • It also enjoys synergistic benefits as a subsidiary of Inox Wind Limited (IWL), which is principally engaged in the business of manufacturing WTGs and providing turnkey solutions by supplying WTGs and offering a variety of services including wind resource assessment, site acquisition, infrastructure development, EPC of WTGs, and, through the company, providing long-term O&M services for wind power projects.
  • The company’s presence is spread across Gujarat, Rajasthan, Maharashtra, Madhya Pradesh, Karnataka, Andhra Pradesh, Kerala and Tamil Nadu.
  • The below flow chart summarises the general process from the manufacturing of a WTG by, for example, IWL, to the point where the provision of Inox Green Energy’s O&M services commences.
(amt in.cr)
YearMar’2022Mar’2021Mar’2020
Total Assets2120.62698.82339.9
Total Revenue172.2172.2165.3
Profit after Tax-5-27.7-1.7
Net Worth841.15762.05740.62
Total
Borrowing
904.21411.01084.9

Financials

SWOT

Strong and diverse existing portfolio base.

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

Established supply chain in place.

  • Supported and promoted by our parent company, IWL.

Important Date’s

November 5, 2022

Price Band Announcement:

November 5, 2022
November 9, 2022

Anchor Investors Allotment

November 9, 2022
November 11, 2022

IPO Open Date

November 11, 2022
November 14, 2022

IPO Close Date

November 14, 2022
November 18, 2022

Basis of Allotment

November 18, 2022
November 21, 2022

Refunds

November 21, 2022
November 22, 2022

Credit to Demat Account

November 22, 2022
November 23, 2022

IPO Listing Date

November 23, 2022

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