Inox green energy ipo

Here is what a host of brokerage firms said about the initial public offering of Inox Green Energy Services: KR Choksey Research Rating: Subscribe The valuation of Inox Green looks reasonable, considering the nature of its business and the comparative margin profiles. Inox Green has much better EBITDA margins than its global peers, said KR Choksey Research. "We are cautious about the company's order book as most of its contracts are from its parent. We are optimistic considering the consistent track record of the company, strong parentage, and government initiatives to push the renewable sector. We also expect the financials to improve with reducing debt on the books," it added with a 'subscribe' rating. Choice Broking Rating: Subscribe with caution At the higher price band, the company is demanding an EV/sales multiple of 13.6x (based on FY22 sales), which seems to be on the higher side considering the return ratios, said Choice Broking. The macros of the wind energy segment are improving after the regime change and pandemic-led restrictions. With a massive capacity addition target over the next five years, the target market for the O&M services would expand, it added with a 'subscribe with caution' rating. Rating: Subscribe for long-term Inox Green has a 7% market share in O&M portfolios and has an opportunity for inorganic growth through the acquisitions of inactive players. The O&M contracts are long-term contracts with price clauses which provide long-term revenue vis...

The Rs 740 crore initial public offer (IPO) of Inox Wind subsidiary, Inox Green Energy Services, will open for subscription on Friday. On the block is a fresh issue of 56,923,077 shares and an offer for sale of 56,923,077 shares, both aggregating up to Rs 370 crore each. The price band is fixed at Rs 60-65 and, at the upper limit of this band, the IPO is asking for a valuation of 32.7 times EV/Ebitda and 15.6 times EV/Sales on FY22 basis, which looks pricey for a loss-making company. While many analysts have ‘subscribe’ ratings on the issue, they are a bit cautious and see Inox Green only a long-term bet. Last heard, the IPO was commanding a grey market premium of Rs 9 per share. Bids can be made for a minimum of 230 shares and in multiples of 230 equity shares thereafter. Retail investors can bid a maximum of 13 lots. "While the company recorded losses in the last two fiscals, the government's thrust on green energy will aid in the company’s growth. The strong and diverse portfolio, favourable national policy support, visibility for future growth, support of long-term O&M contracts and backing by parent company Inox Wind are key positives, while valuation seems pricey based on current financial position," said Arafat Saiyed of Reliance Securities. Inox Green Energy Services is a wind power operation and maintenance (O&M) service provider. The company is engaged in providing long-term O&M services for wind farm projects, specifically O&M services for wind turbine gen...

How to check the Inox Green Energy Services IPO allotment status? When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around three to five days after an IPO closes. This is also true in the case of the Inox Green Energy Services IPO. The Inox Green Energy Services IPO’s closing date is 15 November 2022. The Inox Green Energy Services IPO’s allotment date has been set three days later, on 18 November 2022. Here’s a step-by-step guide on how to check the Inox Green Energy Services IPO allotment status: • Login to your Upstox account, using your six-digit PIN • After successfully logging in, click on ‘Discover’ • On the Discover page, you will find the ‘Invest in IPO’ section • Under the Invest in IPO section, you will find the ‘View all’ option • Once you click on ‘View all’, you will be directed to the ‘IPO’ tab • In the ‘IPO’ tab, click on ‘My applications’ • In ‘My applications’, under the History section, your allotment status will be mentioned About Inox Green Energy Services IPO In 2015, shares of Inox Wind listed at a premium of 23% on the Indian stock markets. The ₹1,000 crore IPO was subscribed around 18 times as investors were eager to get a bite of India’s growing renewable energy market. Now, this company’s subsidiary, Inox Green Energy Services, is all set to test the IPO waters. The wind power operation and maintenance (O&M) service provider is ready to hit the stock markets ...

Inox Green Energy IPO: Allotment today - Steps to check subscription status online, direct link | Share Listing Price Date and Time on NSE, BSE Inox Green Energy IPO Date, Allotment Status, Subscription Status Online, Share Listing Price Date and Time NSE, BSE: Inox Green Energy IPO allotment status will be released online on the website of official registrar Link Intime India Private Limited -- linkintime.co.in/MIPO/Ipoallotment. The subscription status will also be declared on BSE website. • • • • • Inox Green Energy IPO Date, Allotment Status, Subscription Status Online, Share Listing Price Date and Time NSE, BSE: Inox Green Energy Services IPO subscription status will be declared today. Inox Green Energy Services is a subsidiary of Inox Wind Limited. Inox Wind is already listed on the NSE and BSE. Inox Green Energy IPO opened for subscription on November 11 and closed on November 15. The company fixed price band of Rs 61-65 a share. Inox Green Energy IPO lot size is 230 shares. The price of 1 lot is Rs 14,950. A retail category investor is allowed to bid for a minimum of 1 lot not exceeding Rs 15,000 and a maximum of 13 lots not exceeding Rs 2 lakh. Inox Green Energy IPO Registrar Link Intime India Private Limited is the registrar for Inox Green Energy IPO. Inox Green Energy IPO allotment or subscription status will be declared online by the registrar on its website -- linkintime.co.in. The allotment status will also be released on BSE website. Inox Green Energy Allotm...

The initial public offering of Inox Green Energy Services, the subsidiary of wind turbine manufacturer Inox Wind, has received bids for 3.05 crore shares against an offer size of 6.67 crore shares, subscribing 46 percent on debut today. Retail investors are at the forefront in terms of response to the IPO, buying 1.03 times the allotted quota. In fact, all the investors participated in the offer from the first day itself. The portions set aside for high networth individuals and qualified institutional buyers were subscribed 5 percent and 47 percent, respectively. The wind power operation and maintenance service provider has reduced its offer size to 6.67 crore shares, from 11.38 crore shares after it mobilised Rs 333 crore from anchor book on November 10. The public issue will fetch the company Rs 740 crore. The offer comprises a fresh issuance of shares worth Rs 370 crore, and an offer-for-sale of Rs 370 crore by promoter Inox Wind. Also read: Inox Green Energy Services IPO opens: 10 key things to know before subscribing The fresh issue proceeds will be utilised only for repaying debts. Its total borrowing was more than Rs 900 crore as of June 2022. Inox Green Energy Services provides exclusive operation and maintenance services for all wind turbine generators (WTG) sold by promoter entity Inox Wind through the entry of long-term operation and maintenance contracts between the WTG purchaser and Inox Wind for terms, which typically range between five and 20 years. As of Ju...

In terms of technicals, the relative strength index (RSI) of the Inox Wind Energy stock stands at 79.4, signaling it's trading in the overbought zone. Inox Wind Energy shares have a beta of 0.6, indicating low volatility in a year. Inox Wind Energy shares are trading higher than the 5 day, 20 day, 50 day, 100 day and 200 day moving averages. Watch: The firm reported a loss of Rs 73.69 crore in Q4 against a loss of Rs 126.57 crore in the March quarter of the previous fiscal. However, sales rose 35.65% to Rs 188.21 crore in the March 2023 quarter against Rs 138.75 crore in Q4 of the previous fiscal. On a quarter-on-quarter basis, loss narrowed from Rs 149.63 crore in the March quarter of the previous fiscal. Sales fell 17.18% from Rs 227.25 crore in the March quarter. Inox Wind is an India-based integrated wind energy solutions provider. The company is engaged in the business of manufacture and sale of wind turbine generators (WTGs). It also provides erection, procurement and commissioning (EPC), operations and maintenance (O&M) and common infrastructure facilities services for WTGs and wind farm development services. Watch:

Inox Green Energy Services Limited is one of the major wind power operation and maintenance (O&M) service providers in India. 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) and the common infrastructure facilities on the wind farm which support the evacuation of power from such WTGs. It has a stable annual income owing to the long-term O&M contracts that it enters into with its customers. It is a subsidiary of Inox Wind Limited (IWL), a company that is listed on the National Stock Exchange of India Limited and BSE Limited, and part of the Inox GFL group of companies (Inox GFL Group). ;