Inox Green Energy IPO GMP Today, Review, Share Price, Lot Size and more data are mentioned in this article. Check out the complete article for more data and details.
The Inox Green Energy Services Limited (IGESL) also known as Inox Green is a wind power O&M i.e. operations and maintenance company that provides its services all across India. It is a subordinate of the Inox Wind Limited (IWL) company. Inox Wind Limited (IWL) is listed on BSE Limited and the National Stock Exchange of India Limited. It is also a part of the Inox GFL group of companies.
The Inox Green Energy Services Limited (IGESL) has branches in many states of India such as Rajasthan, Madhya Pradesh, Andhra Pradesh, Tamil Nadu, Gujarat, Maharashtra, Karnataka and Kerela. It provides its long-term O&M (operations and maintenance) services for Wind Turbine Generators (WTGs) provisions especially and for projects related to wind farms.
As of 2022, 2021 and 2020, the total revenue of Inox Green Energy Services Limited (IGESL) was INR 1,721.66 million, INR 1,722.48 million and INR 1,653.15 million for Fiscals from the O&M (operations and maintenance) services.
One of the best financial experts in India, Axis Capital gave their review on the Inox Green Energy IPO (Initial Public Offering). They said- “IGESL enjoys synergistic benefits as a subsidiary of IWL, which is principally engaged in the business of manufacturing WTGs and providing turnkey solutions by supplying WTGs and offering a variety of services including wind resource assessment, site acquisition, infrastructure development, EPC of WTGs, and, through Inox Green, providing long-term O&M services for wind power projects.”
They added- “Pursuant to an exclusivity agreement between IWL and IGESL, the company provides exclusive O&M services for all WTGs sold by IWL through the entry of long-term O&M contracts between the WTG purchaser and themselves for terms which typically range between 5 to 20 years. Due to this exclusivity agreement, IWL’s order book is an important indicator of future revenue and growth for their company.”
Check out the Inox Green Energy Share Price band 2022 in the table mentioned below.
The Inox Green Energy Initial Public Offering (IPO) is going to start on 11th November 2022. The timings for the offer start from 10:00 AM in the morning of 11th November 2022 and will end at 5:00 PM in the evening of 15th November 2022. The last date of the bid is 15th November 2022.
The lot size of the Inox Green Energy IPO is 230 shares. An individual retail investor can bid up to 13 lots i.e. a total of 2990 shares or INR 194,350.
The expected date of the basis of allotment is 18th November 2022, the Initiation of Refunds is on 21st November 2022, and the date of Credit of Shares to Demat is 22nd November 2022. The listing date is 23rd November 2022(tentative).
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