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Inox Wind IPO is a book build issue of ₹1,020.53 crores. The issue is a combination of fresh issue of 2.19 crore shares aggregating to ₹700.80 crores and offer for sale of 1.00 crore shares aggregating to ₹319.73 crores.
Inox Wind IPO bidding started from Mar 18, 2015 and ended on Mar 20, 2015. The shares got listed on BSE, NSE on Apr 9, 2015.
Inox Wind IPO price band is set at ₹325.00 per share . The lot size for an application is 45. The minimum amount of investment required by an retail is ₹14,175 (45 shares). The lot size investment for sNII is 14 lots (630 shares), amounting to ₹2,04,750, and for bNII, it is 69 lots (3,105 shares), amounting to ₹10,09,125.
The issue includes a reservation of up to 5,00,000 shares for employees offered at a discount of ₹15.00 to the issue price.
Axis Bank Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of 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 |
| Issue Price Band | ₹315 to ₹325 per share |
| Issue Price Final | ₹325 per share |
| Lot Size | 45 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 3,19,18,226 shares (aggregating up to ₹1,020.53 Cr) |
| Fresh Issue | 2,19,18,226 shares (aggregating up to ₹700.80 Cr) |
| Offer for Sale | 1,00,00,000 shares of ₹10 (aggregating up to ₹319.73 Cr) |
| Retail Discount | Rs 15.00 per share |
| Employee Discount | ₹15.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 20,00,00,000 shares |
| Share Holding Post Issue | 22,19,18,226 shares |
Inox Wind IPO offers total 3,19,18,226 shares. Out of which 1,57,09,112 (49.22%) allocated to QIB, 62,83,645 (19.69%) allocated to QIB, 47,12,734 (14.77%) allocated to NII, 1,09,96,380 (34.45%) allocated to RII and 94,25,467 (29.53%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 1,57,09,112 (49.22%) | NA |
| − Anchor Investor Shares Offered | 94,25,467 (29.53%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 62,83,645 (19.69%) | NA |
| NII (HNI) Shares Offered | 47,12,734 (14.77%) | NA |
| Retail Shares Offered | 1,09,96,380 (34.45%) | 2,44,364 |
| Employee Shares Offered | 5,00,000 (1.57%) | NA |
| Total Shares Offered | 3,19,18,226 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Inox Wind IPO opens on March 18, 2015, and closes on March 20, 2015.
| IPO Open Date | Wed, Mar 18, 2015 |
| IPO Close Date | Fri, Mar 20, 2015 |
| Tentative Listing Date | Thu, Apr 9, 2015 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Mar 20, 2015 |
Investors can bid for a minimum of 45 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 45 | ₹14,625 |
| Retail (Max) | 13 | 585 | ₹1,90,125 |
| S-HNI (Min) | 14 | 630 | ₹2,04,750 |
| S-HNI (Max) | 68 | 3,060 | ₹9,94,500 |
| B-HNI (Min) | 69 | 3,105 | ₹10,09,125 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 Company Inox Wind IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Expansion and upgradation of the existing manufacturing facilities | 147.48 |
| 2 | Long term working capital requirements | 290.00 |
| 3 | Investment in Subsidiary, IWISL, for the purpose of development of power evacuation infrastructure and other infrastructure development | 131.54 |
| 4 | General Corporate Purposes | 93.66 |
[Dilip Davda] <p>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.</p> <p><strong>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.</strong></p> Read detail review...
| Listing Date | April 9, 2015 |
| BSE Script Code | 539083 |
| NSE Symbol | INOXWIND |
| ISIN | INE066P01011 |
| Final Issue Price | ₹325 per share |
| BSE Listing Group | B |
Inox Wind Ltd.
Plot No. 1, Khasra Nos. 264 to 267,
Industrial Area,
Village Basal
Una, Himachal Pradesh, 174103
Phone: +91 1975 272001
Email: investors.iwl@inoxwind.com
Website: http://www.inoxwind.com/
MUFG Intime India Pvt.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 3,19,18,226 equity shares of the face value of ₹10 aggregating up to ₹1,020.53 Crores. The issue is priced at ₹325 per share. The minimum order quantity is 45.
The IPO opens on March 18, 2015, and closes on March 20, 2015.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Inox Wind IPO using UPI as a payment gateway. Zerodha customers can apply in Inox Wind IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Inox Wind IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Inox Wind IPO opens on March 18, 2015 and closes on March 20, 2015.
Inox Wind IPO lot size is 45, and the minimum amount required for application is ₹14,625.
You can apply in Inox Wind IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
The Inox Wind IPO listing date is on Thursday, April 9, 2015.
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