4 - 5 minutes readInox Green Energy IPO Date

Inox Green Energy IPO Details: On November 11, 2022, Inox Green Energy Services Ltd., a subsidiary of Inox Wind Ltd., will launch its initial public offering (IPO). Inox Green Energy Services, which filed draught IPO papers with Sebi on June 20, received the regulator’s observation letter on September 13. On Wednesday, November 23, 2022, the company’s shares are expected to be listed on the stock exchanges BSE and NSE.

Inox Green Energy IPO

Inox Green Energy IPO Details

IPO Opening DateNov 11, 2022 
IPO Closing DateNov 15, 2022 
Price Band₹61 to ₹65 per share
Lot Size230 Shares
Issue Size (Rs. Cr.)113,846,154 shares of ₹10 (aggregating up to ₹740.00 Cr)
Fresh Issue56,923,077 shares of ₹10 (aggregating up to ₹370.00 Cr)
Offer for Sale56,923,077 shares of ₹10 (aggregating up to ₹370.00 Cr)
Face ValueRs. 10 per share
Issue TypeBook Built Issue IPO
Exchange BoardBSE, NSE
QIB Shares OfferedNot less than 75% of the Offer
Retail Shares OfferedNot more than 10% of the Offer
NII (HNI) Shares OfferedNot more than 15% of the Offer
Basis of Allotment DateNov 18, 2022
Initiation of RefundsNov 21, 2022
Credit of Shares to Demat AccountNov 22, 2022
Inox Green Energy IPO Listing DateNov 23, 2022

Inox Green Energy IPO Date

The initial share sale will begin on November 11, 2022 and end on November 15, 2022 with bidding for anchor investors beginning on November 10, 2022 according to a BSE filing.

Inox Green Energy IPO Issue Size

Inox Green Energy IPO issue size is ₹750 Cr. The IPO includes a fresh issue of 370 crore as well as an offer for sale of up to 370 crore. The IPO would be completed on November 15.

Inox Green Energy IPO Price Band

The Inox Green Energy Limited IPO has set a price range of ₹61 to ₹65 cents per share with a face value of ₹10. The net proceeds of the new issue are intended to be used to repay certain borrowings obtained by the company, including the full redemption of secured NCDs, as well as for general corporate purposes.

Inox Green Energy IPO Lot Size

The lot size for the Inox Green Energy IPO is 230 shares. Individual retail investors can apply for up to 13 lots (2990 shares or ₹194,350).

Inox Green Energy Allotment Date and Listing Date

The tentative timing for the share allocation announcement is Nov 18, 2022. Inox Green Energy IPO listing date is Nov 23, 2022.

About Inox Green Energy Limited IPO

Inox Green Energy Services Limited, founded in 2012, is one of India’s largest wind power operation and maintenance (“O&M”) service providers. The company is a subsidiary of Inox Wind Limited (“IWL”), which is listed on the National Stock Exchange of India Limited and the Bombay Stock Exchange Limited and is a member of the Inox GFL group of companies.

Inox Green Energy Services Limited provides exclusive O&M services for all WTGs sold by IWL by entering into long-term O&M contracts with the WTG purchaser for terms ranging from five to twenty years.

The company is in the business of providing long-term O&M services for wind farm projects, specifically wind turbine generator O&M services (“WTGs”).

As of March 31, 2022, the company employed 393 people, including managers with extensive experience in WTG O&M and the wind industry in general.

Gujarat, Rajasthan, Maharashtra, Madhya Pradesh, Karnataka, Andhra Pradesh, Kerela, and Tamil Nadu are among the states where the company has a presence.

For Fiscals 2022, 2021, and 2020, the company’s total revenue (from continuing operations, i.e. the O&M business) was Rs 1,721.66 million, Rs 1,722.48 million, and Rs 1,653.15 million, respectively.

Existing portfolio is strong and diverse. Established track record, favourable national policy support, and future growth visibility Long-term O&M contracts with high credit quality counterparties ensure consistent cash flow. IWL, our parent company, supports and promotes us. A well-established supply chain is in place. A capable and experienced management team.

Promoters of Inox Green Energy IPO

Inox Wind Limited is the company promoter.

Inox Green Energy IPO FAQs

What is Inox Green Energy IPO?

Inox Green Energy IPO is a main-board IPO of 113,846,154 equity shares of the face value of ₹10 aggregating up to ₹740.00 Crores. The issue is priced at ₹61 to ₹65 per share. The minimum order quantity is 230 Shares.

The IPO opens on Nov 11, 2022, and closes on Nov 15, 2022. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

When Inox Green Energy IPO will open?

The Inox Green Energy IPO opens on Nov 11, 2022 and closes on Nov 15, 2022.

What is the lot size of Inox Green Energy IPO?

Inox Green Energy IPO lot size is 230 Shares.

How to apply for Inox Green Energy IPO?

You can apply in Inox Green Energy IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services.

When Inox Green Energy IPO allotment?

The finalization of Basis of Allotment for Inox Green Energy IPO will be done on Nov 18, 2022, and the allotted shares will be credited to your demat account by Nov 22, 2022.

When is Inox Green Energy IPO listing date?

The Inox Green Energy IPO listing date is Nov 23, 2022.

Who is the registrar of Inox Green Energy IPO?

Link Intime India Private Ltd is the registrar for Inox Green Energy IPO.

What is Inox Green Energy IPO Price Band?

Inox Green Energy IPO price band is ₹61 to ₹65 per equity share.