Inox Green Energy Services IPO Analysis @ Chanakyanipothi.com, the Oldest & the most Trusted Investment website of India. Operational since 8th December 1999, we are the Only Investment Platform in India, which has successfully completed 22 Years.
Inox Green Energy Services Grey Market News Today #
for latest updated grey market rates, click
Inox Green Energy Services IPO Subscription Status
for latest subscription updates, Click
Inox Green Energy IPO Detailed Guidance: Click
Inox Green Energy Services IPO Company Details
Inox Green Energy Services ltd is one of the major wind power operation and maintenance service providers within India. The 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 has stable annual income owing to the long-term O&M contracts that it enters into with its customers. It is a subsidiary of Inox Wind Limited, a company which is listed on the National Stock Exchange of India Limited and BSE Limited, and part of the Inox GFL group of companies. Its subsidiaries are engaged in the business of power generation through renewable sources of energy with Nani Virani Wind Energy Private Limited being the only subsidiary which has commenced power generation. It enjoys synergistic benefits as a subsidiary of 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.
Pursuant to an exclusivity agreement between IWL and this Company, it provides exclusive O&M services for all WTGs sold by IWL through the entry of long-term O&M contracts between the WTG purchaser and us for terms which typically range between five to 20 years. Due to this exclusivity agreement, IWL’s order book is an important indicator of future revenue and growth for our Company. As of March 31, 2022, IWL had entered into binding contracts for the supply of 2 MW capacity WTGs with an aggregate capacity of 780 MW. Further, IWL had also received letters
of intent, which are non-binding, and which therefore may not lead to execution of any form of binding contract, for its new 3.3 MW capacity WTGs with an aggregate capacity of 524.7 MW.
As of March 31, 2022, its O&M services portfolio consisted of an aggregate 2,750 MW of wind farm capacity and 1,375 WTGs. The company has an established track record in the wind energy O&M industry of more than nine years due in large part to the synergistic relationship it shares with its parent company, IWL. For more information, click www.inoxgreen.com
The Promoter
INOX WIND LIMITED
Inox Green Energy Services IPO Main Objects
The Offer comprises of fresh Issue and offer for share.
The net proceeds of the Fresh Issue are proposed to be utilized for Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the Company including
redemption of Non- Convertible Debentures in full.
Inox Green Energy Services IPO Details
IPO opens on 11 November 2022
IPO closes on 15 November 2022
Issue Type: Book Built Issue IPO
Issue: up to 113,846,154 Shares /Rs 740 Cr
* Fresh Issue of 56923077 Shares/ Rs 370 Cr
* Offer for Sale Up to 56923077 Shares/ Rs. 370 Cr
Face Value per share: Rs. 10
Price Band Per Equity Share: Rs. 61-65
Retail Lot Size: 230 Shares
Inox Green Energy Services IPO Listing will at BSE, NSE
Shares offered to
QIB (75%) 85384615 Shares, Rs. 555 Cr
NII (15%) 17076923 Shares, Rs 111 Cr
RII (10%) 11384615 Shares, Rs 74 Cr
Lot size: 230 Shares = 249491 Forms
How can you apply?
Min Retail Application: 230 Shares, Rs. 14950
Max Retail Application: 2990 Shares, Rs 194350
Min Small HNI Application: 3220 Shares, Rs. 209300
Max Small HNI Application: 15180 Shares, Rs. 986700
Min Big HNI Application: 15410 Shares, Rs 10,01650
Inox Green Energy Services IPO Tentative Timetable
IPO opens on 11 November 2022
IPO Closes on 15 November 2022
IPO Allotment on 18 November 2022
Unblocking of ASBA 21 November 2022
Credit of Shares 22 November 2022
Listing on 23 November 2022
Inox Green Energy Services IPO Financial & Analytical Ratios
Total Income 2019-20 Rs 172.16 Cr
Total Income 2020-21 Rs 186.29 Cr
Total Income 2021-22 Rs 190.23 Cr
Net Profit 2019-20 Rs 1.68 Cr
Net Profit 2020-21 Rs (27.73) Cr
Net Profit 2021-22 Rs (4.95) Cr
Earnings per Share 2019-20 Rs 0.20
Earnings per Share 2020-21 Rs (2.29)
Earnings per Share 2021-22 Rs (0.25)
Return on Net Worth: 19-20 1.74 %
Return on Net Worth: 20-21 (64.54) %
Return on Net Worth: 20-21 (0.61) %
Equity Shares prior to & after the IPO: 235,016,258 Shares
Book Value of the Share as on 31.03.2022 Rs 34.32
NAV per Equity Share after the Offer Rs.39.91
Ratio Analysis
Upper Price Band/last EPS: N.A.
Upper offer price/Book Value Ratio: 1.89
Upper offer price/BV after IPO Ratio: 1.63
Inox Green Energy Services IPO Peer Comparison:
There are no listed companies in India that are comparable in all aspects of business and services that this company provides. Hence, it is not possible to provide an industry comparison in relation to the Company
IPO Lead Managers
Edelweiss Financial Services, DAM Capital Advisors, Equirus Capital, IDBI Capital Market, Systematix Corporate Services,
Registrar to IPO
Link Intime India Pvt Ltd
Registered Office of Inox Green Energy Services
Survey No. 1837 & 1834 At Moje Jetalpur, ABS Towers, Second Floor, Old Padra Road, Vadodara-390 007, Gujarat
Company Secretary & Compliance Officer: Pooja Paul
#This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
IPO Analysis of Inox Green Energy by Ventura : Ventura_Subscribe_Inox Green
For Guidance of Concord Enviro Systems IPO, Click https://chanakyanipothi.com/category/guidance-ipos-rights-offers/