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Inox Wind IPO is a book built issue of Rs 1,020.52 crores.
Inox Wind IPO bidding started from March 18, 2015 and ended on March 20, 2015. The shares got listed on BSE, NSE on April 9, 2015.
Inox Wind IPO price band is set at ₹315 to ₹325 per share. The minimum lot size for an application is 45 Shares. The minimum amount of investment required by retail investors is ₹14,625.
Axis Bank Limited, Bofa Securities India Limited, Edelweiss Financial Services Ltd and Yes Bank Limited are the book running lead managers of the Inox Wind IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Inox Wind IPO RHP for detailed information.
| IPO Date | March 18, 2015 to March 20, 2015 |
| Listing Date | April 9, 2015 |
| Face Value | ₹10 per share |
| Price Band | ₹315 to ₹325 per share |
| Lot Size | 45 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹1,020.52 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 200,000,000 |
| Share holding post issue | 221,918,226 |
Inox Wind IPO offers 23,201,121 shares. 6,637,826 (28.61%) to QIB, 4,818,989 (20.77%) to NII, 11,244,306 (48.46%) to RII, 500,000 (2.16%) to employees. 249,873 RIIs will receive minimum 45 shares and (sNII) and (bNII) will receive minimum 630 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 6,637,826 (28.61%) | NA |
| NII (HNI) Shares Offered | 4,818,989 (20.77%) | |
| Retail Shares Offered | 11,244,306 (48.46%) | 249,873 |
| Employee Shares Offered | 500,000 (2.16%) | NA |
| Total Shares Offered | 23,201,121 (100%) |
Investors can bid for a minimum of 45 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 45 | ₹14,625 |
| Retail (Max) | 13 | 585 | ₹190,125 |
| Lot Size Calculator | |||
The promoter of the company is Gujarat Fluorochemicals Limited (GFL); India's largest producer of refrigerants and polytetrafluoroethylene, a synthetic flouropolymer in India. GFL holds 75% of the pre-issue issued. GFL is a listed in BSE and NSE.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 85.62% |
Incorporated in April 2009; Inox Wind Limited is leading wind power solutions provider in India. Inox manufactures wind turbine generators. Company also offer services including wind resource assessment, site acquisition, infrastructure development, erection and commissioning, and also long term operations and maintenance of wind power projects.
Company manufacture the components of wind turbine generators in-house with a view to ensuring high quality, advanced technology and reliability and maintaining cost competitiveness. Company has facilities dedicated to manufacturing nacelles, hubs, rotor blade sets and towers.
Inox Wind have a perpetual license from AMSC Austria GmbH (formerly Windtec GmbH), or AMSC, a leading wind energy technology company based in Austria, to manufacture 2 MW WTGs in India based on AMSC's proprietary technology.
In FY 2012 Company produced and sold 60 turbine generators and in FY 2013; 60 turbine generators of 2 MW each.
| Particulars | For the year/period ended (in Rs. Cr) | ||||
| 31-Mar-13 | 31-Mar-12 | 31-Mar-11 | 31-Mar-10 | ||
| Total Income | 1005.19 | 622.00 | 72.90 | 7.86 | |
| Profit After Tax (PAT) | 147.60 | 99.84 | 6.41 | -1.36 | |
| KPI | Values |
|---|---|
| RoNW | 31.32% |
The objects of the fresh issue are:
1. Expansion and upgradation of existing manufacturing facilities;
2. Long term working capital requirements;
3. Investment in our Subsidiary, IWISL, for the purpose of development of power evacuation infrastructure and other infrastructure development; and
4. General Corporate Purposes.
[Dilip Davda]
As the company belongs to well known investor friendly group and the renewable energy sector is set for a big boost going forward, moderate investment for long term plan may be considered.
Disclaimer: Author has no plans to invest in this IPO. Investors can use their own discretion for investing in this IPO, as any investment in stock market is attached to market risks.
Read detail review...The Inox Wind IPO is subscribed 18.60 times on March 20, 2015 7:48:00 PM. The public issue subscribed 2.15 times in the retail category, 35.68 times in the QIB category, and 35.38 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 35.68 |
| NII | 35.38 |
| Retail | 2.15 |
| Employee | 0.12 |
| Total | 18.60 |
| Listing Date | April 9, 2015 |
| BSE Script Code | 539083 |
| NSE Symbol | INOXWIND |
| ISIN | INE066P01011 |
| Final Issue Price | ₹325 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹325.00 |
| ₹400.00 |
| ₹399.15 |
| ₹447.80 |
| ₹438.00 |
| NSE |
|---|
| ₹325.00 |
| ₹400.00 |
| ₹400.00 |
| ₹448.85 |
| ₹438.40 |
Inox Wind Limited
Plot No. 1, Khasra Nos. 264 to 267,
Industrial Area, Village Basal – 174 103,
District Una, Himachal Pradesh, India
Phone: +91 1975 272001
Email: investors.iwl@inoxwind.com
Website: http://www.inoxwind.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: iwl.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Inox Wind IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹1,020.52 Crores. The issue is priced at ₹315 to ₹325 per share. The minimum order quantity is 45 Shares.
The IPO opens on March 18, 2015, and closes on March 20, 2015.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Inox Wind IPO opens on March 18, 2015 and closes on March 20, 2015.
Inox Wind IPO lot size is 45 Shares, and the minimum amount required is ₹14,625.
You can apply in Inox Wind IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Inox Wind IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Inox Wind IPO allotment status.
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IPO Guru (1000+ Posts, 600+ Likes)
IS IT WORTH APPLYING FULL OR IT IS BETTER TO HAVE MORE APPLICATION FOR 1 LOT, SO BETTER CHANCES...AS SUCH 1 LOT WILL ONLY BE ALLOTTED IF RETAIL PORTION IS SUBSCRIBED MORE THAN ONE TIME...CAN ANYONE HELP ME UNDERSTAND?