Inox green

Synopsis Analysts tracking the grey market said low subscription levels, large dependency on the parent company, muted financial performance and increasing losses leave little excitement among investors.Incorporated in 2012, Inox Green Energy Services is one of the major wind power operation and maintenance service providers in India. The company is a subsidiary of Inox Wind. Analysts tracking the grey market said low subscription levels, large dependency on the parent company, muted financial performance and increasing losses leave little excitement among investors. Pravesh Gour, Senior Technical Analyst, Swastika Investmart is expected to be a muted listing due to the negative P/E, lower-than-expected subscription numbers and the lack of activity in the grey market. Ravi Singh, Vice-president and Head of Research, Share India, said the issue received a muted tepid response during the bidding process. “We expect the company to get listed with a discount of around up to 5%.” Manoj Dalmia, Founder and Director, Proficient Equities, also expects a muted listing after a low subscription level led by difficult operations in the segment, muted financial performance and high dependence on the parent company. The company's Rs 740 crore-IPO was sold in the range of Rs 61-65 per share, and received tepid investor response, subscribing only 1.55 times between November 11 and 15. The quota reserved for qualified institutional buyers (QIBs) was subscribed 1.05 times while the ones for...

Highlights : • Inox Green paid Rs 35,947.71 for each share it acquired for 51 per cent stake. • The acquisition will empower the company to leverage the synergies and efficiencies across the combined teams, supply chain capabilities and technical expertise Renewable energy conglomerate Inox Green Energy Services Limited (IGESL) has said that it has acquired a majority stake in I-Fox Windtechnik India that will help the company in its wind energy business. Inox Green is a subsidiary of Inox Wind. With this, Inox has entered the market for multi brand O&M services in Wind Energy. Inox Green said in the regulatory filing that with this acquisition, the firm will enter into the multi-brand OEM wind turbine business. The RE firm is promoting its inorganic growth journey as part of its plans to grow its fleet. Inox Green said in the filing, “This will empower the company to leverage the synergies and efficiencies across the combined teams, supply chain capabilities and technical expertise.” In November, 2022, Inox Green had launched a 740 crore initial public offering (IPO) with a price range of Rs 61-65 for each share. It held that it received a subscription that was 1.55 times on the last day of the IPO offer. Last December, Inox Green had announced that it was close to the purchase of the majority ownership in a target company, that is a reputable Independent O&M Wind Service Provider with a 230+MW fleet that mostly serves South India. It was hinting at I-Fox Windtechnik Indi...

About Us INOX GREEN ENERGY SERVICES Limited (INOX Green) is a major wind power operation and maintenance (“O&M”) service provider within India. INOX Green 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”) and the common infrastructure facilities on the wind farm which support the evacuation of power from such WTGs. Building an innovation-led, greener ecosystem for India Our belief is that business must have motivation beyond profit. Our group's history is a story of growth & success powered by ideas, integrity and ethics. To this day, we believe integrating every partner as our very own is the only way to do business.

Meeting Date Announced on Purpose Details May 26, 2023 May 19, 2023 Board Meeting Audited Results & Preferential issue & Increase in Authorised Capital Feb 10, 2023 Feb 03, 2023 Board Meeting Quarterly Results Jan 06, 2023 Dec 21, 2022 Board Meeting Redemption (Part) of NCD Dec 02, 2022 Nov 28, 2022 Board Meeting Quarterly Results • DATA SOURCES: TickerPlant (for live BSE/NSE quotes service) and Dion Global Solutions Ltd. (for corporate data, historical price & volume, F&O data). Sensex & BSE Quotes and Nifty & NSE Quotes are real-time and licensed from BSE and NSE respectively. All timestamps are reflected in IST (Indian Standard Time). DISCLAIMER: Any and all content on this website including tools/analysis is provided to you only for convenience and on an “as-is, as- available” basis without representation and warranties of any kind. The content and any output of such tools/analysis is for informational purposes only and should not be relied upon or construed as an investment advice or guarantee for any specific performance/returns advice or considered as recommendation for the purchase or sale of any security or investment. You are advised to exercise caution, discretion and independent judgment with regards to the same and seek advice from professionals and certified experts before taking any decisions. By using this site, you agree to the Terms of Service and Privacy Policy.