Aliceblue ANTInstall and trade smarter everywhere
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Inox Green Energy Services Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹65
Per ShareLot Size
230 Shares
Minimum Investment
₹14,950
Issue Size
₹740 Cr
Face Value
₹10
Per ShareIPO Type
Book Building
Retail Quota
10%
QIB Quota
75%
NII Quota
15%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
93.84%
Issue Type
Book Building
ISIN
INE510W01014
The Company is one of the major wind power operation and maintenance ("O&M") service providers within India which was incorporated in 2012. It is engaged in the business of providing long-term O&M services for wind projects, specifically the provision of O&M services for wind turbine generators ("WTGs") and the common infrastructure facilities such as pooling stations and transmission lines which support power evacuation from such WTGs. It has stable annual income owing to long-term O&M contracts. It is a subsidiary of Inox Wind Limited with whom it enjoys a synergistic relationship and a part of the Inox GFL group of companies.
India is one of the fastest growing economies in the world with power demand expected to grow post a slump in fiscal 2021 owing to the COVID-19 pandemic. Demand is expected to be met with an increased focus on the renewable energy sector including wind power. The provision of O&M services for wind energy in India is dominated by original equipment manufacturers and with wind capacity addition forecasted to be in the range of 17-20 GW within fiscals 2023-2027, the demand for O&M services is expected to grow to Rs. 170-210 billion by fiscal 2026.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offering of 113,846,152** equity shares of face value of Rs. 10 each ("Equity Shares") of the company for cash at a price of Rs. 65 per equity share (including a premium of Rs. 55 per equity share) ("Offer Price") aggregating to Rs. 740.00* crores ("Offer"). The offer comprises of a fresh issue of 56,923,076** equity shares aggregating to Rs. 370.00** crores ("Fresh Issue") and an offer for sale of 56,923,076** equity shares ("Offered Shares") aggregating to Rs. 370.00** crores by Inox Wind Limited ("Selling Shareholder") (the "Offer for Sale"). The face value of the equity share is Rs. 10 each and the offer price is 6.5 times the face value of the equity shares. **Subject to finalisation of basis of allotment Bids can be made for a minimum of 230 equity shares in multiples of 230 equity shares thereafter.
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Inox Green Energy Services Limited was originally incorporated as nox Wind Infrastructure Services Limited' at Vadodara, Gujarat as a public 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, Gujarat at Dadra and Nagar Haveli. The Company commenced operations pursuant to a certificate for commencement of business dated June 14, 2012, issued by the Registrar of Companies, Gujarat at Dadra and Nagar Haveli. The name of the Company was changed to nox Green Energy Services Limited', pursuant to a resolution of board of directors of the Company dated October 6, 2021 and a special resolution passed in extra-ordinary general meeting held on October 21, 2021, pursuant to which a fresh certificate of incorporation was issued by the RoC on October 27, 2021.
Wholesalers and Retailers
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.