Inox Green Energy IPO GMP, Price, Date, Allotment


Last updated on November 23, 2022

Inox Green Energy IPO GMP

Inox Green Energy IPO description – 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). It has stable annual income owing to the long-term O&M contracts. It is a subsidiary of Inox Wind Limited (IWL) and part of the Inox GFL group of companies. Its subsidiaries are engaged in the business of power generation through renewable sources of energy.

Inox Green Energy

The company’s O&M services portfolio consisted of an aggregate 2,750 MW of wind farm capacity and 1,375 WTGs. This included a total capacity of 1,178 MW for various customers in Mahidad, Rojmal, Sadla, Savarkundla and Dayapar in Gujarat, a total capacity of 632 MW for various customers in Kukru, Nipaniya, Jaora and Lahori in Madhya Pradesh, a total capacity of 560 MW for various customers in Dangri, Rajasthan, and a total capacity of 196 MW for various customers in Vaspet, Bhendewade and South Budh in Maharashtra. Of the 2,750 MW capacity, 1,922 MW was attributable to contracts for comprehensive O&M services and 828 MW was attributable to common infrastructure O&M contracts.

Promoters of Inox Green Energy – Inox Wind Limited

Inox Green Energy IPO Details

Subscription Dates11 – 15 November 2022
Price BandINR 61 – 65 per share
Fresh issueINR 370 crore
Offer For SaleINR 370 crore
Total IPO sizeINR 740 crore
Minimum bid (lot size)230 shares (INR14,950)
Face Value INR 10 per share
Retail Allocation10%
Listing OnNSE, BSE

Inox Green Energy Financial Performance

 FY 2020FY 2021FY 2022
Revenue172.2 186.3190.2
Expenses169.6 199.6194.9
Net income (5.2)(153.5)(92.9)
Margin (%)(3.02)(82.39)(48.84)
Figures in INR crore unless specified otherwise

Inox Green Energy IPO News & Resources

Inox Green Energy Valuations & Margins

FY 2020FY 2021FY 2022
PE ratio
RONW (%)1.74(64.54)(0.61)
ROCE (%)0.15 (0.10)0.04
EBITDA (%) 55.3941.4852.70
Debt/Equity0.73 0.670.99
As per Proforma Condensed Combined Financial Information

Inox Green Energy IPO GMP Daily Trend

DateDay-wise IPO GMPKostakSubject to Sauda
21 Nov 2022
19 Nov 2022
18 Nov 20225
17 Nov 20225
16 Nov 20225
15 Nov 20225
14 Nov 20225
12 Nov 20227
11 Nov 20227
10 Nov 20227
9 Nov 20227
8 Nov 202210
7 Nov 202210

Inox Green Energy IPO Reviews – Subscribe or Avoid?

Angel One –
Anand Rathi –
Antique Stock Broking –
Arihant Capital – Subscribe
Ashika Research –
Asit C Mehta –
BP Wealth – Avoid
Canara Bank Securities – Subscribe
Choice Broking – Subscribe with caution
Elite Wealth – Avoid
Geojit –
GEPL Capital – Avoid
HDFC Securities – Not rated
Hem Securities – Subscribe
ICICIdirect – Not rated
Jainam Broking –
KR Choksey – Subscribe
LKP Research –
Marwadi Financial –
Motilal Oswal –
Nirmal Bang –
Reliance Securities – Not rated
Samco Securities – Avoid
SMC Global – 1.5/5
Swastika Investmart –
Ventura Securities – Subscribe

Inox Green Energy Offer Registrar

Link Intime India Private Limited
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Phone: +91 22 4918 6200 
Email: [email protected]

Inox Green Energy Contact Details

Survey No. 1837 & 1834 At Moje Jetalpur
ABS Towers, Second Floor
Old Padra Road, Vadodara- 390 007
Gujarat, India
Phone: +91 265 6198 111
Email: [email protected]

Inox Green Energy IPO Allotment Status

Inox Green Energy IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.

Inox Green Energy IPO Timetable

IPO Opening Date11 November 2022
IPO Closing Date15 November 2022
Finalisation of Basis of Allotment18 November 2022
Initiation of refunds21 November 2022
Transfer of shares to demat accounts22 November 2022
Listing Date23 November 2022
Opening Price on NSEINR 60 per share (down 7.69%)
Closing Price on NSEINR 59.25 per share (down 8.85%)

Inox Green Energy IPO FAQs

How many shares in Inox Green Energy IPO are reserved for HNIs and retail investors?

The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%.

How to apply in Inox Green Energy Public Offer?

The best way to apply in Inox Green Energy IPO is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.

What is Inox Green Energy IPO GMP today?

Inox Green Energy IPO GMP today is INR NA per share.

What is Inox Green Energy IPO kostak rate today?

Inox Green Energy IPO kostak rate today is INR NA per application.

What is Inox Green Energy Subject to Sauda rate today?

Inox Green Energy Subject to Sauda rate today is INR NA per application.


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