Inox Green Energy Services Limited IPO : Key Dates and Company Info.

Inox Green Energy Services Limited initiated its business operations in 2012. It is one of the major Wind power operation and maintenance companies in India. It is a subsidiary of Inox Wind Limited and Inox Wind is a part of Inox GFL group of companies. 

The company takes on contracts within the time frame of 5 to 20 years. As of now the company has 393 employees. Its presence is in Rajasthan, Madhya Pradesh, Maharashtra, Gujarat, Kerala, Karnataka, Andhra Pradesh and Tamil Nadu. 

IPO DETAILS

Inox Green Energy Services Limited IPO is set to launch on 11 Nov., 2022. The subscription timeline extends till 15 Nov., 2022. The size for the IPO is 740 Crore Rs.. Shares issued through Offer For Sale are worth 370 Crore Rs. Shares issued through Fresh Issue mode are worth Rs 370 Crore. The lot size is 230 shares and the price range is 61 Rs – 65 Rs./ share. The company is going to get listed at both the exchanges NSE and BSE. The face value per share is Rs. 10 and this is a book built issue. The registrar for the company is Link Intime India Private Limited.

TABULAR REPRESENTATION OF IPO DETAILS

IPO OPENING DATE	11 Nov., 2022
CLOSING DATE FOR IPO	15 Nov., 2022
ISSUE TYPE	Book Built Issue
Face Value per share	10 Rs. per share
IPO price band	61 Rs. – 65 Rs.
LOT SIZE	230 shares
MINIMUM ORDER QUANTITY	230 shares
ISSUE SIZE	740 Crore Rs.
OFFER FOR SALE	370 Crore Rs.
FRESH ISSUE	370 Crore Rs.
LISTING AT	NSE, BSE
LISTING DATE	23 Nov., 2022

IMPORTANT DATES

IPO OPENING DATE	11 Nov., 2022
CLOSING DATE FOR IPO	15 Nov., 2022
IPO ALLOTMENT DATE	18 Nov., 2022
REFUNDS	21 Nov., 2022
DEMAT A/C CREDITED ON	22 Nov., 2022
IPO LISTING DATE	23 Nov., 2022

Inox Green Energy Services Limited IPO begins for subscription from 11 Nov., 2022. The IPO subscription would continue till 15 Nov, 2022. The allotment status for the shareholders who applied would come on 18 Nov., 2022. The refunds for the ones who did not get allotment would be initiated on 21 Nov., 2022. The DEMAT accounts of shareholders would be credited on 22 Nov., 2022. The listing of the company would be accompanied on 23 Nov., 2022.

Lead Managers

The lead managers are :

• Systematix Corporate Services Limited
• Equirus Capital Private Limited
• DAM Capital Advisors Limited
• IDBI Capital Market Services Limited
• Edelweiss Financial Services Limited

The minimum lot size for the company is decided at 230 shares. This holding accounts to  14950 Rs.. The maximum lot size is decided at 2990 shares. This amounts to Rs 194350.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	230 shares	14950 Rs.
Maximum	2990 shares	194350 Rs.

OBJECTIVES FOR THE IPO

• The money could be used for general corporate purposes
• The IPO money will be used towards payment of the Non convertible debentures in full.

COMPANY FINANCIALS

Particularly (in Crore Rs.)	2021-22	2020-21	2019-20
ASSETS	2121	2692	2340
Revenue	190	186	172
PAT	(-4.95)	(-27.7)	1.68

Inox Green Energy Services Limited has an asset base of 2121 Crore Rs as of March 2022. The company’s asset base has been fluctuating over the years. The assets were 2340 Crore Rs in 2020 which increased to 2692 Crore Rs in 2021. However the same decreased to 2121 Crore Rs in 2022. The revenue of the company was 172 Crore Rs in 2020 which increased to 186 Crore Rs in 2021 and 190 Crore Rs in 2022. Despite a slight increase in revenue the company is unable to post a positive result since the last 2 years. It was last profitable in 2020 with 1.68 Crore Rs in profits. However since then it has incurred a loss of 27.7 Crore Rs in 2021 and 4.95 Crore Rs of loss in 2022.

PROS

• It has 393 employees with presence in 8 states of India.
• Inox Green Energy Services Limited  is one of the major wind power operations and maintenance companies in India.

CONS

• The company’s profitability is uncertain. Also in this year till June 2022 the company is bearing a loss of 11.58 Crore Rs.

Inox Green Energy Services Limited IPO APPLICATION PROCESS WITH ZERODHA

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform.
2. Clicking the IPO link present in the Portfolio section.
3. Click the Inox Green Energy Services Limited IPO button and press the BID button.
4. Entering the details asked for like UPI ID, Quantity and price.
5. Submit the application form for the IPO.
6. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.