Inox Green Energy IPO – Review
Inox Green Energy Services Limited – a part of the Inox GFL group of companies and one of the major “wind power operation and maintenance” service providers within India is planning to raise INR 740 Crore via IPO [Fresh Issue 370 Cr + OFS 370 Cr]
inox green energy ipo date = 11 Nov to 15 Nov 2022
Inox Green Energy: History
The Company was originally incorporated as Inox Wind Infrastructure Services Limited at Vadodara (Gujarat) as a company limited by shares under the Companies Act, 1956, pursuant to a certificate of incorporation dated May 11, 2012, issued by the Registrar of Companies (ROC), Gujarat at “Dadra and Nagar Haveli”
Inox Green Energy: Business
The Company is engaged in the business of providing long-term operation and maintenance (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.
The company has a presence in Gujarat, Andhra Pradesh, Karnataka, Kerela, Maharashtra, Madhya Pradesh, Rajasthan, and Tamil Nadu.
inox green share price fixed at INR 65
Promoters
Inox Wind Limited
IPO DETAILS
Dates = 11 Nov 2022 to 15 Nov 2022
Face Value (FV) = INR 10
Issue Price = INR 61 to INR 65
Minimum Investment Amount = INR 14950
Minimum Bid = 230 Shares
Listing On = BSE, NSE
BOOK RUNNING LEAD MANAGERS
Edelweiss Financial Services Limited, DAM Capital Advisors Limited, Equirus Capital Private Limited, IDBI Capital Markets & Securities Limited, Systematix Corporate Services Limited
FINANCIALS
Conclusion
FinBlab recommends AVOID ratings (for the time being) on Inox Green Energy IPO
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