[go: up one dir, main page]
Scribd
Upload
51 views1 page

Inox Green Energy Services Limited IPO PDF 101122

Inox Green Energy Services Limited is launching an IPO from November 11 to 15 to raise ₹ 740 crores, with a price band of ₹ 61 to 65 per equity share. The company specializes in wind power operation and maintenance services in India and has a portfolio of 2,792 MW of wind farm capacity. The issue will be listed on NSE and BSE, with allocations for Qualified Institutional Buyers, Non-Institutional Bidders, and Retail Investors.

Uploaded by

rocksai115
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
51 views1 page

Inox Green Energy Services Limited IPO PDF 101122

Inox Green Energy Services Limited is launching an IPO from November 11 to 15 to raise ₹ 740 crores, with a price band of ₹ 61 to 65 per equity share. The company specializes in wind power operation and maintenance services in India and has a portfolio of 2,792 MW of wind farm capacity. The issue will be listed on NSE and BSE, with allocations for Qualified Institutional Buyers, Non-Institutional Bidders, and Retail Investors.

Uploaded by

rocksai115
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 1

Inox Green Energy

Services Limited IPO


Nov 11 to 15

Inox Green Energy Services Limited is coming out with a fresh public issue to raise
₹ 740 crores from the market.

Key details of the issue:


• Issue opens – Nov 11 (Friday)
• Issue closes – Nov 15 (Tuesday)
• Issue size – ₹ 740 crores
• Price band – ₹ 61 – 65 per equity share
Bid lot – 230 shares and in multiples thereof

And here are some details of the company and further details on the Inox Green Energy
Services Limited IPO issue.

Company details:
Inox Green Energy Services Limited are one of the major wind power operation and
maintenance (“O&M”) service providers within India. They are 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”) and the common infrastructure facilities on the
wind farm which support the evacuation of power from such WTGs.

They have stable annual income owing to the long-term O&M contracts that they enter into
with their customers. They are a subsidiary of Inox Wind Limited (“IWL”). They enjoy synergistic
benefits as a subsidiary of IWL, which is principally engaged in the business of manufacturing
WTGs and providing turnkey solutions by supplying WTGs and offering a variety of services
including wind resource assessment, site acquisition, infrastructure development, EPC of
WTGs, and, through their Company, providing long-term O&M services for wind power
projects.

Pursuant to an exclusivity agreement between IWL and their Company, they provide exclusive
O&M services for all WTGs sold by IWL through the entry of long-term O&M contracts
between the WTG purchaser and them for terms which typically range between five to 20
years.

As of June 30, 2022, their O&M services portfolio consisted of an aggregate 2,792 MW of
wind farm capacity and 1,396 WTGs. This included a total capacity of 1,220 MW for various
customers in Mahidad, Rojmal, Sadla, Savarkundla, Rajkot 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 2,792 MW capacity, 1,964 MW was attributable to their contracts for
comprehensive O&M services and 828 MW was attributable to their common infrastructure
O&M contracts.

Issue size: ₹ 740 crores


Issue break-up:

• QIB – 75% of the offer – ₹ 555 crores


• NIB – 15% of the offer – ₹ 111 crores
• RET – 10% of the offer – ₹ 74 crores

Listing: NSE and BSE

Registrar: Link Intime India Private Limited

UPI: All retail applications through brokers are compulsorily in UPI mode

Not a Sharekhan customer?


Not a Sharekhan customer, but still want to apply for the Inox Green Energy Services
Limited IPO? Become a Sharekhan customer in just 15 mins* by tapping here and take it
from there! (* T&C apply)

You might also like