{"id":23252,"date":"2022-11-07T12:25:46","date_gmt":"2022-11-07T06:55:46","guid":{"rendered":"https:\/\/flattrade.in\/kosh\/?p=23252"},"modified":"2022-11-07T12:36:16","modified_gmt":"2022-11-07T07:06:16","slug":"inox-green-energy-ipo","status":"publish","type":"post","link":"https:\/\/flattrade.in\/kosh\/inox-green-energy-ipo\/","title":{"rendered":"Inox Green Energy IPO"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"23252\" class=\"elementor elementor-23252\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5b07dbe2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5b07dbe2\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c3ddf32\" data-id=\"c3ddf32\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-51a03960 elementor-widget elementor-widget-text-editor\" data-id=\"51a03960\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Inox Green Energy Services plans to raise Rs 740 crore through an initial public offering. The subscription of the IPO will be open from November 11 to November 15, 2022. The price band is fixed at Rs 61-65 per equity share.<\/p>\n<p>The IPO comprises of fresh issue of shares and offer for sale of shares worth Rs 370 crore each. The face value of each equity share is set at Rs 10 apiece.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7ab5f41f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7ab5f41f\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-42d598cd\" data-id=\"42d598cd\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b519fa elementor-widget elementor-widget-heading\" data-id=\"b519fa\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><br>Company Summary<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-482f42ce elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"482f42ce\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-39f24f75\" data-id=\"39f24f75\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1bd84228 elementor-widget elementor-widget-text-editor\" data-id=\"1bd84228\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Inox Green Energy Services Limited is one of the major wind power operation and maintenance (\u201cO&amp;M\u201d) service providers in India. The company is engaged in providing long-term O&amp;M services for wind farm projects, specifically the provision of O&amp;M services for wind turbine generators (\u201cWTGs\u201d).<\/p><p>As of June 30, 2022, the company\u2019s O&amp;M services portfolio consisted of an aggregate 2,792 MW of wind farm capacity and 1,396 WTGs. The company has a presence in Gujarat, Rajasthan, Maharashtra, Madhya Pradesh, Karnataka, Andhra Pradesh, Kerala and Tamil Nadu.<\/p><p>According to its red herring prospectus, the company&#8217;s operating portfolio of O&amp;M contracts (both comprehensive O&amp;M contracts and common infrastructure O&amp;M contracts) has grown at a compound annual growth rate of approximately 40.16% in the past nine years since their commencement of operations.<\/p><p>Inox Green Energy has a stable annual income owing to its long-term O&amp;M contracts that they enter into with their customers. Inox Green is a subsidiary of Inox Wind Limited (\u201cIWL\u201d), a company that is listed on the NSE and BSE, and part of the Inox GFL group of companies.<\/p><p>As of June 30, 2022, Inox Green had a workforce of 401 full-time employees and also employ contract employees from time to time based on the company&#8217;s requirements.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-65e4505d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"65e4505d\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5d195925\" data-id=\"5d195925\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-533fef79 elementor-widget elementor-widget-heading\" data-id=\"533fef79\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><br>Company Strengths<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-31ef968b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"31ef968b\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-51a77ce5\" data-id=\"51a77ce5\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5153002f elementor-widget elementor-widget-text-editor\" data-id=\"5153002f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li>Diverse portfolio base which covers an aggregate of 2,792 MW of wind projects spread across eight wind-resource rich states in India.<\/li><li>Established track record, favourable national policy support and robust growth outlook in the foreseeable future.<\/li><li>Reliable cash flow supported by long-term Operation &amp; Maintenance (O&amp;M) contracts with high credit quality counterparties.<\/li><li>Supported and promoted by its parent company, Inox Winds.<\/li><li>Strong supply chain and well-established relationship with their suppliers.<\/li><li>Experienced management team.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-36e1821b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"36e1821b\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3d76ab49\" data-id=\"3d76ab49\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c3ca7a9 elementor-widget elementor-widget-heading\" data-id=\"c3ca7a9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><br>Company Financials<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-bf9a8b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"bf9a8b\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-de748b1\" data-id=\"de748b1\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6aa158f2 elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"6aa158f2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<table><tbody><tr><td><p><strong>Period<\/strong><\/p><\/td><td><p style=\"text-align: right;\"><strong>3MFY23<\/strong><\/p><\/td><td style=\"text-align: right;\"><p><strong>FY22<\/strong><\/p><\/td><td style=\"text-align: right;\"><p><strong>FY21<\/strong><\/p><\/td><td><p style=\"text-align: right;\"><strong>FY20<\/strong><\/p><\/td><\/tr><tr><td><p><strong>Total Assets<\/strong><\/p><\/td><td><p style=\"text-align: right;\">2,127.74<\/p><\/td><td style=\"text-align: right;\"><p>2,120.65<\/p><\/td><td style=\"text-align: right;\"><p>2,692.8<\/p><\/td><td><p style=\"text-align: right;\">2,339.86<\/p><\/td><\/tr><tr><td><p><strong>Total Revenue<\/strong><\/p><\/td><td><p style=\"text-align: right;\">63.16<\/p><\/td><td style=\"text-align: right;\"><p>190.23<\/p><\/td><td style=\"text-align: right;\"><p>186.29<\/p><\/td><td><p style=\"text-align: right;\">172.16<\/p><\/td><\/tr><tr><td><p><strong>Profit After Tax<\/strong><\/p><\/td><td><p style=\"text-align: right;\">-11.58<\/p><\/td><td style=\"text-align: right;\"><p>-4.95<\/p><\/td><td style=\"text-align: right;\"><p>-27.73<\/p><\/td><td><p style=\"text-align: right;\">1.68<\/p><\/td><\/tr><tr><td><p><strong>EBITDA<\/strong><\/p><\/td><td><p style=\"text-align: right;\">18.93<\/p><\/td><td style=\"text-align: right;\"><p>100.26<\/p><\/td><td style=\"text-align: right;\"><p>77.26<\/p><\/td><td><p style=\"text-align: right;\">95.35<\/p><\/td><\/tr><tr><td><p><strong>EBITDA Margin<\/strong><\/p><\/td><td><p style=\"text-align: right;\">29.97%<\/p><\/td><td style=\"text-align: right;\"><p>52.70%<\/p><\/td><td style=\"text-align: right;\"><p>41.48%<\/p><\/td><td><p style=\"text-align: right;\">55.39%<\/p><\/td><\/tr><\/tbody><\/table><p><em>*All numbers are in Rs crore except percentages<\/em><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5d3836b9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5d3836b9\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5961ddd7\" data-id=\"5961ddd7\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-422c9118 elementor-widget elementor-widget-heading\" data-id=\"422c9118\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><br>Purpose of the IPO <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-384d21f7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"384d21f7\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-65b3fb7\" data-id=\"65b3fb7\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5efbd9c elementor-widget elementor-widget-text-editor\" data-id=\"5efbd9c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li>The company proposes to utilise the net proceeds towards repayment and\/or pre-payment, in full or part, of certain borrowings availed by the company including redemption of secured NCDs in full, aggregating up to Rs 260 crore.<\/li><li>General corporate purposes.<\/li><li>Inox Green will not receive any proceeds from the Offer for Sale. The selling shareholder will be entitled to the proceeds of the Offer for Sale, after deducting its portion of the Offer related expenses and relevant taxes.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-37e3d76c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"37e3d76c\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1e690f93\" data-id=\"1e690f93\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-70404c83 elementor-widget elementor-widget-heading\" data-id=\"70404c83\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><br>Company Promoters<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6cf9927b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6cf9927b\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6122dcb7\" data-id=\"6122dcb7\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6a21e547 elementor-widget elementor-widget-text-editor\" data-id=\"6a21e547\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Inox Wind Limited is the promoter of the company.\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-69ae47d6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"69ae47d6\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7cf58612\" data-id=\"7cf58612\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3d008878 elementor-widget elementor-widget-heading\" data-id=\"3d008878\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><br>IPO Details<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-602ad692 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"602ad692\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-303ee005\" data-id=\"303ee005\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-65b8a2c3 elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"65b8a2c3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<table><tbody><tr><td><p><strong>IPO Subscription Opening Date<\/strong><\/p><\/td><td><p>November\u00a011, 2022<\/p><\/td><\/tr><tr><td><p><strong>IPO Subscription Closing Date<\/strong><\/p><\/td><td><p>November\u00a015, 2022<\/p><\/td><\/tr><tr><td><p><strong>Face Value<\/strong><\/p><\/td><td><p>Rs 10 per share<\/p><\/td><\/tr><tr><td><p><strong>Price\u00a0Band<\/strong><\/p><\/td><td><p>Rs 61 to Rs 65 per share<\/p><\/td><\/tr><tr><td><p><strong>Lot Size<\/strong><\/p><\/td><td><p>230 shares<\/p><\/td><\/tr><tr><td><p><strong>Issue Size<\/strong><\/p><\/td><td><p>11,38,46,154 shares aggregating up to Rs 740\u00a0crore<\/p><\/td><\/tr><tr><td><p><strong>Fresh Issue<\/strong><\/p><\/td><td><p>5,69,23,077 shares totalling up to Rs 370\u00a0crore<\/p><\/td><\/tr><tr><td><p><strong>Offer for Sale<\/strong><\/p><\/td><td><p>5,69,23,077 shares aggregating up to Rs 370\u00a0crore<\/p><\/td><\/tr><tr><td><p><strong>Issue Type<\/strong><\/p><\/td><td><p>Book Built Issue IPO<\/p><\/td><\/tr><tr><td><p><strong>Listing At<\/strong><\/p><\/td><td><p>BSE, NSE<\/p><\/td><\/tr><\/tbody><\/table>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6c554219 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6c554219\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6cef9ce2\" data-id=\"6cef9ce2\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2f5e72cd elementor-widget elementor-widget-heading\" data-id=\"2f5e72cd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><br>IPO Lot Size <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-05ddaf9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"05ddaf9\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-44aa942\" data-id=\"44aa942\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2938e4d elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"2938e4d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<table><tbody><tr><td><p><strong><b>Application<\/b><\/strong><\/p><\/td><td><p><strong><b>Lots<\/b><\/strong><\/p><\/td><td><p><strong><b>Shares<\/b><\/strong><\/p><\/td><td><p><strong><b>Amount<\/b><\/strong><\/p><\/td><\/tr><tr><td><p>Retail (Minimum)<\/p><\/td><td><p>1<\/p><\/td><td><p>230<\/p><\/td><td><p>Rs 14,950<\/p><\/td><\/tr><tr><td><p>Retail (Maximum)<\/p><\/td><td><p>13<\/p><\/td><td><p>2990<\/p><\/td><td><p>Rs 1,94,350<\/p><\/td><\/tr><tr><td><p>Small HNI (Minimum)<\/p><\/td><td><p>14<\/p><\/td><td><p>3,220<\/p><\/td><td><p>Rs 2,09,300<\/p><\/td><\/tr><tr><td><p>Large HNI (Minimum)<\/p><\/td><td><p>67<\/p><\/td><td><p>15,410<\/p><\/td><td><p>Rs 10,01,650<\/p><\/td><\/tr><\/tbody><\/table>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8775425 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8775425\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-aaaa48d\" data-id=\"aaaa48d\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9ab9f36 elementor-widget elementor-widget-heading\" data-id=\"9ab9f36\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Allotment Details<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a075bb7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a075bb7\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-db58f29\" data-id=\"db58f29\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-86fca9f elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"86fca9f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<table><tbody><tr><td><p><strong><b>Timeline<\/b><\/strong><\/p><\/td><td><p><strong><b>Date<\/b><\/strong><\/p><\/td><\/tr><tr><td><p>Allotment\u00a0of shares<\/p><\/td><td><p>November\u00a018, 2022<\/p><\/td><\/tr><tr><td><p>Initiation of refunds<\/p><\/td><td><p>November\u00a021, 2022<\/p><\/td><\/tr><tr><td><p>Credit of shares to demat\u00a0account<\/p><\/td><td><p>November\u00a022, 2022<\/p><\/td><\/tr><tr><td><p>Listing date<\/p><\/td><td><p>November\u00a023, 2022<\/p><\/td><\/tr><\/tbody><\/table><p>To check your allotment, <a href=\"https:\/\/linkintime.co.in\/IPO\/public-issues.html\"><span style=\"text-decoration: underline;\"><strong>click here<\/strong><\/span><\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-133435b2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"133435b2\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-50476293\" data-id=\"50476293\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-23fd542e elementor-align-center elementor-widget elementor-widget-button\" data-id=\"23fd542e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/ekyc.flattrade.in\/openaccount\/?utm_source=Blog&#038;utm_medium=organic&#038;utm_campaign=Demat+Account\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Open a Free Demat Account<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"Inox Green Energy Services plans to raise Rs 740 crore through an initial public offering. The subscription of&hellip;","protected":false},"author":5,"featured_media":23308,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"csco_display_header_overlay":false,"csco_singular_sidebar":"","csco_page_header_type":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"csco_post_video_bg_volume":false,"footnotes":""},"categories":[15],"tags":[46,43,78,48,26,77,47,24,23,84,55],"class_list":{"0":"post-23252","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ipos","8":"tag-market-news","9":"tag-market-update","10":"tag-nifty","11":"tag-nifty-today","12":"tag-nse","13":"tag-sensex","14":"tag-sensex-today","15":"tag-share-market","16":"tag-stock-market","17":"tag-stocks","18":"tag-upcoming-ipo","19":"cs-entry","20":"cs-video-wrap"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Inox Green Energy IPO - Flattrade Kosh<\/title>\n<meta name=\"description\" content=\"The subscription of the IPO will be open from November 11 to November 15, 2022. 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