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

₹ 251.68

Current Return

287.20%

Inox Green Energy Services Ltd. News

Inox Green signs agreements for O&M of 189.1 MWp of solar projects3 Sep 2025, 10:13AM Inox Green Energy Services informs about press release 3 Sep 2025, 9:53AM Inox Green Enrgy Ser - Quaterly Results14 Aug 2025, 3:46PM Inox Green Enrgy Ser - Quaterly Results14 Aug 2025, 3:46PM Inox Green Enrgy Ser - Quaterly Results14 Aug 2025, 3:46PM Inox Green Energy Services informs about press release 12 Aug 2025, 11:29AM Inox Green Energy Services inks pact for comprehensive O&M of 182 MW of wind projects12 Aug 2025, 9:10AM 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

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 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Net Sales 176.82 174 247.88 202 204.74
Total Expenditure 89.79 89.8 216.48 122.09 155.85
Operating Profit 87.03 84.2 31.4 79.91 48.89
Other Income 14.86 10.17 42.93 39.27 75.52
Interest 60.53 52.15 54.95 24.84 17.36
Depreciation 49.08 48.84 57.53 52.64 52.55
Exceptional Items 0 0 0 -25.91 0
Profit Before Tax -7.72 -6.61 -38.15 15.78 54.5
Provision for Tax -2.72 -2.21 28.71 4.28 15.99
Net Profit -71.91 -57.04 -66.86 11.5 38.5
Adjusted EPS (Rs.) -0.04 -0.02 -0.23 0.04 0.1

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity and Liabilities
Share Capital 128.62 235.02 291.94 493.61 367.02
Total Reserves -21.24 672.15 888.42 906.72 1672.37
Borrowings 249.19 164.26 107.54 5 0
Other N/C liabilities -32.37 115.25 147.04 136.41 138
Current liabilities 2096.42 675.04 399.68 266.74 226.02
Total Liabilities 2420.62 1861.71 1834.63 1808.47 2403.4
Assets
Net Block 762.05 841.15 795.64 743.02 690.5
Capital WIP 47.85 11.75 1.52 1.2 6.83
Intangible WIP 0 0 0 0 0
Investments 163.19 163.56 130.17 16.7 16.67
Loans & Advances 490.94 528.06 499.14 473.76 421.02
Other N/C Assets 9.3 6.43 0.01 88.78 0
Current Assets 947.3 310.75 408.15 485.01 1268.39
Total Assets 2420.62 1861.71 1834.63 1808.47 2403.4
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
Other Income 4.39 13.25 20.51 37.37 22.08
Profit Before Tax 2.76 15.75 17.22 18.77 12.44
Tax 0.8 4.59 5.06 5.54 3.56
Profit After Tax 1.96 11.16 12.16 13.23 8.88
Adjusted EPS (Rs) 0.07 0.31 0.33 0.36 0.24

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 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Profit from operations -71.91 -81.93 -38.15 15.78 54.5
Adjustment 174.9 129.76 77.32 58.04 39.08
Changes in Assets & Liabilities -5.57 111.52 -116.88 -17.72 -28.81
Tax Paid 14.46 -4.23 4.81 -2.37 5.59
Operating Cash Flow 111.87 155.12 -72.9 53.73 70.36
Investing Cash Flow -175.91 -53.04 26.35 36.53 -650.17
Financing Cash Flow 80.43 -77.41 5.33 -82.41 575.42
Net Cash Flow 16.4 24.68 -41.22 7.86 -4.4
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