Inox Green Energy is a major wind power operation and maintenance (“O&M”) service provider within India. Our 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
The IPO issue consists of a fresh issue of equity shares worth up to Rs 370 crore and an offer for sale of up to Rs 370 crore.
The objective of Inox Green Energy Services IPO: The proceeds from the issue will be used in the following manner: 1. to repay or prepay certain borrowings of the company and 2. for general corporate purposes
The Inox Green Energy issue opens on 11th November and closes on 15th November.
The price band of the Inox Green Energy Services IPO is Rs. 61 – 65 per share
The Inox Green Energy IPO lot size is 230 shares per lot. A retail-individual investor can apply for up to 13 lots (2990 shares or ₹194,350)
Inox Green Energy is promoted by Inox Wind Limited.
The allotment date of the Inox Green Energy IPO is 18th November and listing date 23rd November.
Edelweiss Financial Service, DAM Capital Advisors, Equirus Capital Private, IDBI Capital Markets & Securities, and Systematix Corporate Services are the book running lead managers to the issue.