IPO

Inox Green Energy Services Limited IPO

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Listed On: Nov 23, 2022 at ₹ 60.0(NSE)

₹ 14950 /230 Shares

Check Allotment

11 Nov, 2022

Open Date

15 Nov, 2022

Close Date

18 Nov, 2022

Allotment Date

23 Nov, 2022

Listing Date
Price Summary

Last Closing

251.20 (286.46%)

52 Week High

253.30

52 Week Low

95.65

Last Update

14-Oct-2025 3:56 PM
Inox Green Energy Services Limited IPO Live Subscription Details
QIB 1.05x
Retail 4.70x
NIIs Bids above ₹10L: 0.39x Bids below ₹10L: 0.64x NII Total: 0.47x
Retail 4.70x
Total 1.55x
Last updated: 15 Nov 2022,07:00:00 PM
Inox Green Energy Services Limited IPO Issue Details
  • Issue Price ₹61-65 per equity share
  • Face Value ₹10 Per Equity Share
  • Issue Price Approx 740 Cr
  • Listing at BSE, NSE
  • List Price 60.0(NSE)
  • Listing Date 2022-11-23
  • Lead Manager Edelweiss Financial Services Ltd,DAM Capital Advisors Ltd,Equirus Capital Private Limited,IDBI Capital Market Services Limited,Systematix Corporate Services Limited
  • Registrar Link Intime India Private Ltd
Inox Green Energy Services Limited IPO Details
  • Retail Portion 10% (Number of Retail Applications : 49,490 Approx),
    (Number of sHNI Applications : 1,760 Approx),
    (Number of bHNI Applications : 3,530 Approx)
Inox Green Energy Services Limited IPO Documents
DRHP
RHP
Inox Green Energy Services Limited IPO Details


The IPO of Inox Green Energy Services Limited is priced at ₹61-65 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Nov 11, 2022 and ends on Nov 15, 2022. The allotment for Inox Green Energy Services Limited IPO will be finalized on Nov 18, 2022. Inox Green Energy Services Limited IPO will be listed on BSE, NSE, with a tentative listing date fixed as Nov 23, 2022. The company shall list its equity shares on the BSE, NSE. Link Intime India Private Ltd is the registrar of the issue.

The book-running lead manager for the IPO is/are Edelweiss Financial Services Ltd,DAM Capital Advisors Ltd,Equirus Capital Private Limited,IDBI Capital Market Services Limited,Systematix Corporate Services Limited.


The Inox Green Energy Services Limited IPO sets its price band at 61-65 for each share. A single application for Inox Green Energy Services Limited IPO must contain at least 230 shares.

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Inox Green Energy Services Limited IPO Subscription Analysis And Details
Retail
4.69x
QIB
1.05x
NII
0.47x
bNII
0.39x
sNII
0.64x
Total
1.55x
As onQIBNII
bNII   sNII		RetailTotal
Shares Offered / Reserved36,393,44218,196,721
12,131,147    6,065,574		12,131,14766,721,310
Day 1 11-11-22 05:00 PM
0.47 x0.05
0.02 x   0.11 x		1.03 x0.46 x
Day 2 14-11-22 05:00 PM
0.47 x0.23
0.17 x   0.35 x		2.93 x0.85 x
Day 3 15-11-22 05:00 PM
1.05 x0.47
0.39 x   0.64 x		4.69 x1.55 x
Inox Green Energy Services Limited Valuations
Earnings Per Share (EPS) ₹(-0.25)/-
P/E Ratio N/A
RoNW (-0.61)%
Net Asset Value (NAV) - As on 31.03.22 ₹34.32
Inox Green Energy Services Limited Company Financials
In Crs.
In Cr.
31-Mar-2231-Mar-2131-Mar-20
Assets2120.652692.82339.86
Revenue190.23186.29172.16
Profit After Tax-4.95-27.731.68
About Inox Green Energy Services Limited Company

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 and ourselves 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, Kerela and Tamil Nadu.
The company's total revenue (from the 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 Fiscals 2022, 2021 and 2020, respectively.

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Inox Green Energy Services Limited - Promoter(s)

Inox Wind Limited is the company promoter.

Pre Issue Share Holding : 93.84%

Post Issue Share Holding : 75.54%

Inox Green Energy Services Limited IPO - Issue Objectives
1

Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the Company including redemption of Non- Convertible Debentures in full.

2

General corporate purposes.

Inox Green Energy Services Limited IPO - Anchor Investors

Inox Green Energy Services mobilises Rs 333 crore from anchor investors ahead of IPO.
Marquee investors participated in the anchor book were Volrado Ventures, Morgan Stanley, Nomura, Authum Investment, Saint Capital Fund, Eriska Investment Fund, Cohesion MK Best Ideas, Coeus Global Opportunities Fund, Citigroup, Dovetail India Fund, AG Dynamic, ICICI Prudential, HDFC Trustee, Aditya Birla Sun Life, Edelweiss, and JM Financial.