Inox Green Energy Services Ltd. IPO

It 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.

Inox Green Energy Services Ltd. IPO Details

Check out the issue details for Inox Green Energy Services Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 65

Price Band

₹ 61 - 65

Issue Size

740 Cr.

Issue Type

Book Built

Open

2022-11-11

Close

2022-11-15

Listingprice

₹ 60

ListingGain

-7.69%

Listing Date

2022-11-23

CMP

₹ 164.27

Current Return

152.72%

Inox Green Energy Services Ltd. News

Inox Green Enrgy Ser - Quaterly Results30 May 2025, 4:14PM Inox Green Enrgy Ser - Quaterly Results30 May 2025, 4:14PM Inox Green Enrgy Ser - Quaterly Results30 May 2025, 4:14PM Inox Green Energy Services inks pacts to provide O&M services for 639 MWp of solar projects21 May 2025, 9:49AM Inox Green Energy Services informs about press release19 May 2025, 9:57AM Inox Green Energy Services inks pact to provide O&M services of 285 MWp of solar projects19 May 2025, 9:08AM Inox Green Energy Services inks pacts to provide O&M service for 675 MWp of solar projects30 Apr 2025, 9:45AM Inox Green Energy Services informs about certificate30 Apr 2025, 9:37AM Inox Green Energy Services reports consolidated net profit of Rs 5.19 crore in Q31 Feb 2025, 11:18AM Inox Green Enrgy Ser - Quaterly Results31 Jan 2025, 3:30PM Inox Green Enrgy Ser - Quaterly Results31 Jan 2025, 3:30PM Inox Green Enrgy Ser - Quaterly Results31 Jan 2025, 3:30PM Inox Green Energy Services informs about press release11 Dec 2024, 5:07PM INOXGFL Group forays into solar manufacturing11 Dec 2024, 3:41PM Inox Green Energy Services informs about press release11 Dec 2024, 2:33PM Inox Green Energy divests entire stake in two subsidiaries7 Dec 2024, 11:46AM Inox Green Energy completes divestment of entire stake in Nani Virani Wind Energy 30 Nov 2024, 11:30AM Inox Green Enrgy Ser - Quaterly Results25 Oct 2024, 4:37PM Inox Green Enrgy Ser - Quaterly Results25 Oct 2024, 4:37PM Inox Green Energy Services informs about press release18 Sep 2024, 12:14PM

Company Financials

You can get the following financial statements of Inox Green Energy Services Ltd. as of now.

The details about the Inox Green Energy Services IPO is as:

  • The issue size of the IPO is 740 Cr.
  • The price band for Inox Green Energy Services IPO is Rs 61 to Rs 65.
  • The shares of Inox Green Energy Services IPO will list on 23rd November 2022.
  • The latest tentative GMP of Inox Green Energy Services IPO is Rs 0.
  • The shares of Inox Green Energy Services IPO is subscribed 1.55 Times as of 15th November 2022.

 

Inox Green Energy Services IPO Valuation

The approx valuation of Inox Green Energy Services IPO company based on its price band and DRHP (prospectus) is: 

Particulars Value
Upper Price Band Rs 65
Existing Shares (Qty) 23.5 Cr
Fresh Issue 370 Cr
EPS (FY22) Rs -0.25

 

Inox Green Energy Services IPO Issue Size

Inox Green Energy Services IPO issue size is 740 Cr

Issue Amount
Fresh Issue 370 Cr
Offer For Sale 370 Cr

 

Inox Green Energy Services IPO Market Lot

An Individual can apply for a minimum 1 lot of 230 shares and a maximum of 13 lots of 2990 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 230 Rs 14,950
 Maximum 13 2990 Rs 1,94,350

 

Inox Green Energy Services IPO share offer

The shares of Inox Green Energy Services IPO is subscribed 1.55 Times as of 15th November 2022. The category-wise shares subscribed are as follows:

Category % Offered Subscribed
Qualified Institutional Minimum 75% 1.05 Times
Non-Institutional Minimum 15% 0.47 Times
Retail Individual Minimum 35% 4.70 Times
Total   1.55 Times

 

Inox Green Energy Services IPO Grey Market Premium

As on GMP (Tentative)
12 November 2022 Rs 10
14 November 2022 Rs 5
15 November 2022 Rs 5
16 November 2022 Rs 0
17 November 2022 Rs 0
18 November 2022 Rs 0
19 November 2022 Rs 0

It is purely for informational purposes and invest in an IPO after thoroughly researching on your own.

 

Find below the dates for Inox Green Energy Services IPO:

Schedule Date
Basis of Allotment 18 November 2022
Refunds 21 November 2022
Credit to Demat Account 22 November 2022
IPO Listing Date 23 November 2022

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 399.58 176.82 174 247.88 202
Total Expenditure 294.21 89.79 89.8 216.48 122.09
Operating Profit 105.36 87.03 84.2 31.4 79.91
Other Income 12.5 14.86 10.17 42.93 39.27
Interest 147.49 60.53 52.15 54.95 24.84
Depreciation 39.61 49.08 48.84 57.53 52.64
Exceptional Items -19.16 0 0 0 -25.91
Profit Before Tax -88.39 -7.72 -6.61 -38.15 15.78
Provision for Tax -30.89 -2.72 -2.21 28.71 4.28
Net Profit -57.5 -71.91 -57.04 -66.86 11.5
Adjusted EPS (Rs.) -0.49 -0.04 -0.02 -0.23 0.04

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 116.21 128.62 235.02 291.94 493.61
Total Reserves -36.79 -21.24 672.15 888.42 906.72
Borrowings 302.43 249.19 164.26 107.54 5
Other N/C liabilities -2.87 -32.37 115.25 147.04 136.41
Current liabilities 1848.64 2096.42 675.04 399.68 266.74
Total Liabilities 2227.62 2420.62 1861.71 1834.63 1808.47
Assets
Net Block 740.62 762.05 841.15 795.64 743.02
Capital WIP 21.26 47.85 11.75 1.52 1.2
Intangible WIP 0 0 0 0 0
Investments 70.52 163.19 163.56 130.17 16.7
Loans & Advances 465.36 490.94 528.06 499.14 473.76
Other N/C Assets 4.79 9.3 6.43 0.01 88.78
Current Assets 925.07 947.3 310.75 408.15 485.01
Total Assets 2227.62 2420.62 1861.71 1834.63 1808.47
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
Other Income 32.6 4.39 13.25 20.51 37.37
Profit Before Tax -0.57 2.76 15.75 17.22 18.77
Tax 0.19 0.81 4.59 5.06 5.54
Profit After Tax -0.76 1.95 11.16 12.16 13.23
Adjusted EPS (Rs) -0.03 0.07 0.31 0.33 0.36

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Jun 2025 55.97 0
Mar 2025 55.93 0
Dec 2024 55.93 1.39
Sep 2024 56.35 4.68
Jun 2024 55.72 9.66
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations -88.39 -71.91 -81.93 -38.15 15.78
Adjustment 194.71 174.9 129.76 77.32 58.04
Changes in Assets & Liabilities 294.53 -5.57 111.52 -116.88 -17.71
Tax Paid -11.89 14.46 -4.23 4.81 -2.37
Operating Cash Flow 409.24 111.87 155.12 -72.9 53.74
Investing Cash Flow -307.66 -175.91 -53.04 26.35 36.52
Financing Cash Flow -99.19 80.43 -77.41 5.33 -82.41
Net Cash Flow 2.38 16.4 24.68 -41.22 7.86
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