Inox Green IPO Date, GMP, Review, Price Details

Inox Green IPO to raise up to ₹740 crores through an initial public offer (IPO). Inox Green Energy Services Ltd (IGESL) parent company Inox Wind on Tuesday said its arm Inox Green has filed its draft paper with market regulator SEBI for an initial public offer.

The draft paper comprises of a fresh issue of equity shares aggregating up to ₹370 crores and an offer for sale (OFS) of equity shares aggregating up to ₹370 crores by the company.

INOX GREEN IPO

Inox Wind, the existing and eligible shareholder of Inox Green approved to participate in the IPO through an offer for sale of equity shares on 18th January 2022. In December 2021, the Board of IGESL earlier known as Inox Wind Infrastructure Services Ltd had approved fundraising, subject to receipt of requisite approvals, including approval of the shareholders, market conditions, and other considerations, through an initial public offer (IPO) of its equity shares comprising of fresh issue of equity shares (fresh issue) and an offer for sale of equity shares by certain existing and eligible shareholders of IGESL (together with the fresh issue offer).

Objectives of Inox green IPO

  • The company has a total debt of ₹827 crores. The company will pay ₹260 crores from the proceeds.
  • General corporate purposes.

Promoters of Inox Green IPO

  • INOX WIND LIMITED.

Inox Green IPO Details

IPO Details Inox Green
Issue Period Opening Date: xx-xx-2022
Closing Date:   xx-xx-2022
Price Band ₹ – ₹ per equity share
Issue Size ₹740 Cr
Face Value ₹10 per equity share
Issue Type Book built issue
Fresh Issue [.] Eq Shares of ₹10 face value
(aggregating up to ₹370 Cr)
Offer for sale [.] Eq Shares of ₹10 face value
(aggregating up to ₹370 Cr)
Listing NSE and BSE
Registrar Link Intime India Private Limited

Inox Green IPO Timeline

Inox Green IPO issue date, issue price, allotment date, and the listing date, and all the details will be announced soon.

IPO Opens To be announced
IPO Ends To be announced
Allotment Begins To be announced
Refund Initiation To be announced
Allotment Date To be announced
Listing Date To be announced

Inox Green IPO Lot Size (Retail Individual Investors)

Applications Lots Shares Amount(Cut-off)
Minimum
Maximum

Inox Green IPO Investor Category

IPO has 35% of the net offer under the Retail Category.

QIB (Qualified Institutional Buyers) 50% of net offer
NII (Non-Institutional Investors) 15% of net offer
RII (Retail Individual Investors) 35% of net offer

Inox Green IPO GMP

Inox Green IPO has not yet started trading in the grey market. The grey market premium aka GMP will be updated once the Inox Wind Arm starts trading in the grey market.

Check here for all the GMP details.

Inox Green IPO Review

No reviews are out for Inox Green. A detailed review will be updated once the valuations, price band, and other details are out with mainboard brokerages ratings.

Inox Green IPO Book Running Lead Manager(s)

  • Edelweiss Financial Services Limited.
  • DAM Capital Advisors Limited.
  • Equirus Capital Private Limited.
  • IDBI Capital Markets & Securities Limited.
  • Systematix Corporate Services Limited.

Inox Green IPO Registrar

Link Intime India Private Limited

Telephone: +91 22 4918 6200
E-mail: inoxgreen.ipo@linkintime.co.in

Company Contact Details

INOX GREEN ENERGY SERVICES LIMITED

Inox Towers
Plot No. 17, Sector-16A
Noida- 201 301
Uttar Pradesh, India
Phone: +91 120 6149 600
Email: investor@inoxgreen.com

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