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INOXGREEN IPO

Inox Green Energy Services Limited
Start Date11-11-2022
Application Timing10am-5pm
Price Range₹61 - ₹65
Min Qty230
Min. Investment₹14030
Listing DateNA
Close Date15-11-2022

About Inox Green Energy Services Limited

Inox Green Energy Services Limited is one of the major wind power operation and maintenance ("O&M") service providers within India. The company is a subsidiary of Inox Wind Limited ("IWL"), 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.


 

Inox Green Energy services Limited provides exclusive O&M services for all WTGs sold by IWL through the entry of long-term O&M contracts between the WTG purchaser for terms which typically range between five to 20 years.


 

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").

As of March 31, 2022, the company has a team of 393 employees including managers with extensive experience in the O&M of WTGs and the wind industry generally.


 

The company has a presence in Gujarat, Rajasthan, Maharashtra, Madhya Pradesh, Karnataka, Andhra Pradesh, Kerala and TamilNadu.

 

Why To Invest in Inox Green Energy Services Limited

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 for fiscal years 2022, 2021, and 2020, respectively.

Strengths And Risks
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: Strong and diverse existing portfolio base.
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: Established track record, favourable national policy support and visibility for future growth.
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: Reliable cash flow supported by long-term O&M contracts with high credit quality counterparties.
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: Supported and promoted by its parent company, IWL.
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: Established supply chain in place.
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: Strong and experienced management team.
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Services:: The sale of services may decrease in the future.
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Contracts:: The renewal rate of service contracts may decrease in the future, and customers may move from comprehensive O&M contracts to common infrastructure O&M contracts.
FAQs
.What is the Inox Green Energy IPO? Inox Green Energy IPO is a main-board IPO. They are going to raise ?740 Cr via IPO. The issue is priced at ?61 to ?65 per share.The IPO is to be listed on BSE & NSE. +
When will the IPO open? The IPO is to open on November 11, 2022 for NII,QIB and retail investors. +
What is IPO Minimum and Maximum Lot Size? The minimum bid is 230 Shares with ?14,950 amount while the maximum bid is 2990 shares with ?194,350. +
How to apply for an IPO? You can apply for the Inox Green Energy IPO via www. +
When will the IPO be allotted? The finalisation of the basis of allotment for the IPO will be done on November 18, 2022, and the allotted shares will be credited to your demat account by November 22, 2022. +
When is the IPO listing date? Inox Green Energy IPO listing date is November 23, 2022. +

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