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
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) | |||
Year | Mar’2022 | Mar’2021 | Mar’2020 |
Total Assets | 2120.6 | 2698.8 | 2339.9 |
Total Revenue | 172.2 | 172.2 | 165.3 |
Profit after Tax | -5 | -27.7 | -1.7 |
Net Worth | 841.15 | 762.05 | 740.62 |
Total Borrowing | 904.2 | 1411.0 | 1084.9 |
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.