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.

RHP
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DRHP
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Open Date

2022-11-11

Close Date

2022-11-15

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

₹ 126.65

Current Return

94.85%

Company Financials

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

Subscription Details

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.

 

Allotment Details

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 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 215.21 399.58 176.82 174 247.88
Total Expenditure 168.64 294.21 89.79 89.8 216.48
Operating Profit 46.57 105.36 87.03 84.2 31.4
Other Income 9.07 12.5 14.86 10.17 42.93
Interest 99.99 147.49 60.53 52.15 54.95
Depreciation 27.15 39.61 49.08 48.84 57.53
Exceptional Items -17.48 -19.16 0 0 0
Profit Before Tax -88.98 -88.39 -7.72 -6.61 -38.15
Provision for Tax -31.79 -30.89 -2.72 -2.21 -13.01
Net Profit -57.19 -57.5 -71.91 -57.04 -25.13
Adjusted EPS (Rs.) -1 -0.49 -0.04 -0.02 -0.09

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 57.39 116.21 128.62 235.02 291.94
Total Reserves -20.25 -36.79 -21.24 672.15 930.15
Borrowings 526.29 302.43 249.19 164.26 107.54
Other N/C liabilities 87.24 -2.87 -32.37 115.25 105.32
Current liabilities 1178.61 1848.64 2096.42 675.04 399.68
Total Liabilities 1829.28 2227.62 2420.62 1861.71 1834.63
Assets
Net Block 475.86 740.62 762.05 841.15 795.64
Capital WIP 53.49 21.26 47.85 11.75 1.52
Intangible WIP 0 0 0 0 0
Investments 79.92 70.52 163.19 163.56 130.17
Loans & Advances 355.02 465.36 490.94 528.06 499.14
Other N/C Assets 3.36 4.79 9.3 6.43 0.01
Current Assets 861.63 925.07 947.3 310.75 408.15
Total Assets 1829.28 2227.62 2420.62 1861.71 1834.63
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Other Income 21.21 14.88 2.45 10.11 2.01
Profit Before Tax -12.64 -3.66 5.2 6.85 4.32
Tax -4.32 -1.17 1.81 1.17 1.4
Profit After Tax -8.32 -2.49 3.39 5.68 2.92
Adjusted EPS (Rs) -0.29 -0.09 0.12 0.19 0.1

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2023 55.72 8.81
Sep 2023 55.72 0
Jun 2023 56.04 0
Mar 2023 56.04 0
Dec 2022 56.04 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations -88.98 -88.39 -71.91 -81.93 -38.15
Adjustment 137.87 194.71 174.9 129.76 77.32
Changes in Assets & Liabilities -120.61 294.53 -5.57 111.52 -116.88
Tax Paid 1.39 -11.89 14.46 -4.23 4.81
Operating Cash Flow -70.33 409.24 111.87 155.12 -72.9
Investing Cash Flow -107.22 -307.66 -175.91 -53.04 26.35
Financing Cash Flow 176.07 -99.19 80.43 -77.41 5.33
Net Cash Flow -1.49 2.38 16.4 24.68 -41.22
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