Phenomenal scrutiny of companies in profit is done since many benchmark by P/E hence loss making new age companies are best bet.. no P/E and hence clear blue sky when it comes to mad pricing Two Ks, one closing and other opening are better than this green atleast mid to long term. But, in my opinion take a trade on this green based on subscription fig since only speculation can make such stock prices surge and with loss making , guidance of high growth , new age tech it's got all bells and whistles
34. Kiaan| Link| Bookmark|
November 14, 2022 10:48:28 AM
Top Contributor (500+ Posts, 200+ Likes)
I am hesitant to apply. I saw loss making companies are falling like paytm and zomato. Although their business is different.
31. raviagjpr| Link| Bookmark|
November 12, 2022 10:42:22 PM
Top Contributor (300+ Posts, 100+ Likes)
Just see chart of its parent company, for me it's fully avoid. Bas ye green power ke naam se chal Jaye to baat alag hai. But isme wo power nhi hai.
30. jajo| Link| Bookmark|
November 11, 2022 11:07:04 PM
Top Contributor (300+ Posts, 200+ Likes)
Surprising. Retailers have lapped up their entire quota on opening day itself. What is the attraction to this IPO? The seemingly low issue price of Rs 65. Or the name similar to Adani Green Energy?
Yes, very surprising . Wind energy generation is a seasonal affair and per unit cost of power generation is more than solar, the latter being the preffered go to mode of power generation....
Small Retail portion of only 74 Cr may be the reason
30.3. arunARUN| Link| Bookmark|
November 12, 2022 1:15:56 PM
IPO Guru (2000+ Posts, 1700+ Likes)
No renewable portfolio can rely upon solar only. Wind complement solar. Beside wind also has usages in rainy season when cloud cover is there While wind is seasonal - What it means that some season it produces more than other seasons. Does any one mean seasonal means it does not generate wind in that season?
As per management for debt 790 cr . All fresh issue 370 cr will pay for debt and 1 remaining spv will sell in next month approx 300 cr will also use for repayment loan then final 120 cr debt would be there and from new financial year it would debt free and profit margin would be arround 50% .
Just saw management discussion on tv. Will they be able to sell spv? As per discussion, many players in this business have already gone bankrupt barring few incl Inox Wind. So they are eyeing maintenance of eqpt sold by Inox Wind and other unorganised players. Their maintenance period is for long durations. And last but not least- future of this business in India with alternative sources available for renewable energy.
Doesn't look good to me, hence I am avoiding, Loss making company hence given only 10% to Retail Investors, IPO will sail through because of QIB so there will be selling pressure on listing day
"Mauka Ya Dhokha". It is difficult to say. Inox not so good. Retailers have started applying, as if nothing is going to retain for them and as it is on the basis of "First Come First Serve". Less than an hour retail portion subscribed 18%. Even if there will be a little listing gain(not sure) on the basis of today's market conditions, to be seen. Need to keep patience for time being. Have a nice week end.
26.1. Liger| Link| Bookmark|
November 11, 2022 3:23:18 PM
Top Contributor (300+ Posts, 500+ Likes)
Even QIB portion 0.38 times on First day First show.
Anchor book link for Inox wind https://www.bseindia.com/markets/MarketInfo/DownloadAttach.aspx?id=20221110-59&attachedId=dc329110-3e2f-4cd8-8782-d9446de017e5
25.1. k l patel| Link| Bookmark|
November 11, 2022 2:09:53 PM
IPO Mentor (600+ Posts, 200+ Likes)
Service sector and not any manufacturing. It's like Inox is divesting loss making unit and dumping it else where to become profitable??... Not going to scale...Have not seen any wind turbine in NCR, UP, Bihar and Jharkhand. These days, there is no wind and only smog. Can buy garbage in the name of green energy but not this. Will not apply for listing, short or long. ( Not any suggestion, take your decision as per your capacity and don't blame anyone if it become superhit between people. Remember Tulip was once a precious commodity). Thanks for reading.
19.1. arunARUN| Link| Bookmark|
November 8, 2022 9:09:09 PM
IPO Guru (2000+ Posts, 1700+ Likes)
Obviously you will not see wind turbines in areas where wind speed is lower.Though Jharkhand surprises me.Maybe there are better wind sites
Go towards hampi, Karnataka to see archeological ruins..but enroute it's flooded with windmills even more than enroute bhuj the border dare I say since the count is changing significantly and all the times highways are filled with blades of windmills .. so yes in a country like ours we are spoilt with choices, wind solar, geothermal , tidal, hydro , biofuel etc but definitely it's scale and conducive policies would make it economical viable and available Only a country like ours can have locationwise better bigger Singapore and what we do with it , nothing and now on war footing we are funding due to economic and strategic significance
@PKRAJ why compare it with Inox Wind.. You can also compare it with the parent company - Gujarat Fluorochemicals which has become 4x in last 2 years after demerger 😉
And also Adani Green is another good comparison.. Green is clean & evergreen..
@nimitshah Adani is uncomparable. Total group shares are flying high. Green doesn't make any difference. If it is Adani, Suzlon or Inox. Every group has his time. Do you remember Adani Power? Sudden spike after so many years. What a sudden improvement came in the company and the share price appreciated many fold. Adani Wilmer, another example of flying high. Even Gujarat Fluorochemicals not appreciated so high in short period. From deep red to very deep green. This is my thinking which I am sharing. Adani Group shares are always my liking and even holding from last many many years. All that gliters is not always Gold.
@Sonal Patel, Throw some light on the prospect of the company as company's registered office is near you. I had the same question after your post but no response from you. Hope you will oblige me and the members by your kind comments on this IPO. Hope all will not be disappointed. Have a nice time.
17. Chem cho| Link| Bookmark|
November 10, 2022 1:16:11 PM
IPO Guru (2600+ Posts, 2700+ Likes)
GREEN should open in RED on listing AVOID NOT applying LOSS making company
17.1. arunARUN| Link| Bookmark|
November 12, 2022 1:19:55 PM
IPO Guru (2000+ Posts, 1700+ Likes)
Why red opening? Grey price is not too much to cause selling pressure
17.2. svh| Link| Bookmark|
November 12, 2022 10:56:47 PM
IPO Guru (2600+ Posts, 3700+ Likes)
Statement after question mark seems contrary in nature.🤔