Inox Green Energy IPO subscription status started on Friday, November 11, 2022 and will close on November 15, 2022. Inox Green Energy IPO to raise around ₹740 crores via IPO. The retail quota is 15%, QIB is 75%, and HNI is 15%. The price band is fixed at ₹61 to ₹65 per equity share.
The Inox Green Energy IPO minimum market lot is 230 shares with ₹14,950 application amount. The retail investors can apply up-to 13 lots with 2990 shares or ₹194,350 amount. The IPO to list on BSE and NSE.
Inox Green Energy Services Limited (INOX GREEN) is a major wind power operation and maintenance (“O&M”) service provider within India. The 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.
IPO Subscription Update
- Day 1: Inox Green Energy IPO subscribed 0.46 times overall in that QIB 0.47 times, NII 0.05 times and retail 1.03 times.
- Day 2: Inox Green Energy IPO subscribed 0.85 times overall in that QIB 0.47 times, NII 0.23 times and retail 2.93 times.
- Day 3: Inox Green Energy IPO subscribed 1.55 times overall in that QIB 1.05 times, NII 0.47 times and retail 4.70 times.
IPOWatch View
We recommend investors may apply an IPO with Long-term Views. Investors should also look at the QIB, NII, and Retail numbers before investing. You can check the Inox Green Energy IPO allotment status here.
Inox Green Energy IPO Subscription Status – Final Data
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 0.47 | 0.47 | 1.05 |
| NII | 0.05 | 0.23 | 0.47 |
| RII | 1.03 | 2.93 | 4.70 |
| Total | 0.46 | 0.85 | 1.55 |
Inox Green Energy IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
Inox Green Energy IPO Review
- May Apply
Inox Green Energy IPO Date & Price Band
| IPO Open: | November 11, 2022 |
| IPO Close: | November 15, 2022 |
| IPO Size: | Approx ₹740 Crores |
| Fresh Issue: | Approx ₹370 Crores |
| Offer for Sale: | Approx ₹370 Crores |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹61 to ₹65 Per Share |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 10% |
| QIB Quota: | 75% |
| NII Quota: | 15% |
| Discount: | N/A |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Inox Green Energy IPO Market Lot
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 230 | ₹14,950 |
| Retail Maximum | 13 | 2990 | ₹194,350 |
| S-HNI Minimum | 14 | 3220 | ₹209,300 |
| B-HNI Minimum | 68 | 15410 | ₹1,001,650 |
Inox Green Energy IPO Subscription Dates
| Price Band Announcement: | November 7, 2022 |
| Anchor Investors Allotment: | November 10, 2022 |
| IPO Open Date: | November 11, 2022 |
| IPO Close Date: | November 15, 2022 |
| Basis of Allotment: | November 18, 2022 |
| Refunds: | November 21, 2022 |
| Credit to Demat Account: | November 22, 2022 |
| Inox Green Energy IPO Listing Date: | November 23, 2022 |
Inox Green Energy IPO Form
How to apply for the Inox Green Energy IPO? You can apply for Inox Green Energy IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Inox Green Energy IPO in the Invest section. The other option is you can apply for Inox Green Energy IPO via IPO forms downloaded via BSE and NSE. Check out the Inox Green Energy forms – Click BSE and NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.
