Inox Green Energy Services IPO

Inox Green Energy Services Limited

₹14,030/ 230 shares

Minimum investment

Inox Green Energy Services IPO Details

Bidding date

11 Nov - 15 Nov 2022

Price range

—

Minimum quantity

230

Minimum investment

₹14,030

Issue size

—

Listing exchange

NSE/BSE

Inox Green Energy Services IPO Dates & Timeline

11 Nov, 2022

Opening date

15 Nov, 2022

Closing date

16 Nov, 2022

Basis of allotment

17 Nov, 2022

Initiation of refunds

17 Nov, 2022

Credit of shares

18 Nov, 2022

Listing date

About Inox Green Energy Services IPO: Company Overview

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.

Strengths & Risks of Inox Green Energy Services IPO

: 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, IWL.

: Established supply chain in place.

: Strong and experienced management team.

How to Apply for Inox Green Energy Services IPO: Step-by-Step Guide

Research the IPO:Review the prospectus and company details.
Open accounts:Ensure you have a demat and trading account.
Check dates:Note the IPO opening and closing dates.
Apply online:Log in to your brokerage account and complete the IPO application form.
Make payment:Pay through your linked bank account.
Submit application:Confirm and submit your application.
Track status:Monitor the allotment status and check for shares in your demat account upon listing.

FAQs: Inox Green Energy Services IPO

Q1. .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.

Q2. When will the IPO open? The IPO is to open on November 11, 2022 for NII,QIB and retail investors.

Q3. 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.

Q4. How to apply for an IPO? You can apply for the Inox Green Energy IPO via www.

Q5. 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.

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