INOX Green Energy IPO

Inox Green Energy Services Ltd

₹14,030 /230 sharesMinimum Investment

INOX Green Energy IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
BSE & NSE₹65.00₹63.00-₹2.00 (3.08%)

INOX Green Energy IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
11 Nov ‘22 - 15 Nov ‘22₹14,030230₹61 - ₹65
Issue SizeIPO Doc
740.00Cr
RHP PDF

Subscription Status As on 15 Nov '22, 5:24 PM

  • Qualified Institutional Buyers
    1.05x
  • Non-Institutional Investor
    0.47x
  • Retail Individual Investor
    4.70x
  • Total
    1.55x

About INOX Green Energy

Parent Organisation
Inox Green Energy Services Ltd
Founded
2012
Managing Director
Manoj Shambhu Dixit

Strengths & Risks

  • 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 its parent company, Inox Wind Limited
  • Established supply chain
  • A strong and experienced management team.
  • Dependence on Inox Wind Limited, its promoter for its business and for operation and maintenance services of its wind turbine generators
  • The sale of services and renewal rate of service contracts may decrease in the future
  • The continuing impact of the Covid-19 pandemic
  • Outstanding legal proceedings involving the company, its subsidiaries, directors, promoters, and group companies
  • Any disruption in software technologies
  • Dependence on the overall demand for electricity for its revenues
  • Dependence on external suppliers for spares and components
  • Liable for penalties and other liabilities under its operation and maintenance contracts in case of any deficiencies in the services provided
  • Subject to the risk of additional costs because of an increase in the prices of spares and components
  • Dependence on the cost of wind-generated electricity compared to electricity generated from other sources

Financials

*All values are in Rs. Cr
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