Inox Wind IPO: In the last 2 years, there have been many IPOs in the Indian stock market. If we assess the performance of these IPOs, then most of the IPOs have benefited the investors. If you have missed out on earning from the IPO market till now, then you have a great Maca right now. Today the fourth public issue of this week has been launched in the IPO market. The IPO of Inox Green Energy Services, a subsidiary of Inox Wind Company, is open for investors today. The value of the IPO is Rs 740 crore. The company has fixed the price band at Rs 61-65 per share. Investors can invest in the IPO of Inox Green Energy Services till November 15.
Company will sell shares under OFS also
Inox Green Energy will issue new shares worth Rs 370 crore under the IPO. The promoter company of Inox Green Energy Services will sell shares worth Rs 370 crore through an offer for sale (OFS). The company has fixed the face value of each share at Rs 10. The amount raised from the IPO will be used by Inox Green Energy Services for debt repayment and other corporate growth activities.
what should investors do
According to brokerage house ICICI Securities, the CAGR growth in revenue, EBITDA and PAT of Inox Green Energy Services has been 2.1 per cent, 8.8 per cent and 246.4 per cent. There is high dependence on the parent company of Inox Green Energy Services for O&M contracts. The total debt of the company has reached around Rs 900 crore. However, the management says that going forward the company will become debt free. According to ICICI, there is uncertainty ahead for the company’s growth. Brokerage has maintained UNRATED subscription rating for Inox Green Energy Services.
What is the minimum investment
For Buying Inox Green Energy Services IPO one lot is 230 shares. According to the upper price band, to subscribe to the company’s IPO, it is necessary to invest at least Rs 14,950 in it. A maximum of 13 lots can be bought in an IPO. Any investor can invest Rs 194,350 in it. On November 18, the company will allot the shares. Inox Green Energy Services will be listed on November 23.
what does the company do
Inox Green Energy Services provides long term operation and maintenance (O&M) service for wind farm projects. Inox Green Energy Services primarily deals with wind turbine generators and general infrastructure facilities maintenance on wind farms. It would be good to get information about the company before investing. The company looks after the maintenance work of Wind Farm Projects.
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Inox Green IPO Open from today know if it is a huge opportunity to earn
There have been a lot of IPOs in the Indian stock market in the last two years. If we assess the performance of these IPOs, then most of the IPOs have benefited the investors.
Story first published: Friday, November 11, 2022, 13:25 [IST]