Bookbuilding IPO | ₹1,021 Cr | Listed at BSE, NSE | Wed, Mar 18, 2015 - Fri, Mar 20, 2015
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 per share. The lot size for an application is 45. The minimum amount of investment required by an retail is ₹14,625 (45 shares) (based on upper price). 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 Open
Wed, Mar 18, 2015
IPO Close
Fri, Mar 20, 2015
Issue Price
₹325 per share
Market Cap (Pre-IPO)
₹7,212.34 Cr
| IPO Date | 18 to 20 Mar, 2015 |
| Listed on | Thu, Apr 9, 2015 |
| Face Value | ₹10 per share |
| Price Band | ₹315 to ₹325 |
| Issue Price | ₹325 per share |
| Lot Size | 45 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Retail Discount | Rs 15.00 per share |
| Employee Discount | ₹15.00 |
| Total Issue Size | 3,19,18,226 shares (agg. up to ₹1,021 Cr) |
| Fresh Issue | 2,19,18,226 shares (agg. up to ₹701 Cr) |
| Offer for Sale | 1,00,00,000 shares of ₹10 (agg. up to ₹320 Cr) |
| Share Holding Pre Issue | 20,00,00,000 shares |
| Share Holding Post Issue | 22,19,18,226 shares |
| BSE Script Code / NSE Symbol | 539083 / INOXWIND |
| ISIN | INE066P01011 |
Inox Wind IPO comprises a total issue size of 3,19,18,226 shares. The net offer to the public is 3,14,18,226 shares, after excluding 5,00,000 shares under a preferential allotment. Of the Net offer 1,57,09,112 (50.00%) are allocated to QIB, 47,12,734 (15.00%) allocated to NII 1,09,96,380 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 1,57,09,112 | 50.00% | 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 | 15.00% | 14.77% | NA |
| Retail Shares Offered | 1,09,96,380 | 35.00% | 34.45% | 2,44,364 |
| Preferential Reservations | ||||
| Employee Shares Offered | 5,00,000 | 1.57% | NA | |
| Total Shares Offered | 3,19,18,226 | 100.00% | 100.00% | |
Investors can bid for a minimum of 45 shares and in multiples thereof.
| 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 |
| 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 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
| KPI | |
|---|---|
| RoNW | 31.32% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% | 85.62% |
| Market Cap | ₹7,212.34 Cr. |
The Inox Wind IPO is subscribed 18.6 times on March 20, 2015 7:48:00 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 35.68 | 66,37,826 | |
| NII | 35.38 | 48,18,989 | |
| Retail | 2.15 | 1,12,44,306 | |
| Employee | 0.12 | 5,00,000 | |
| Total | 18.6 | 2,32,01,121 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management fees Underwriting commission, brokerage and selling commission , as applicable | 28.65 |
| 2 | Processing fees to the SCSBs for processing Application Forms procured by the Syndicate at Syndicate ASBA Centres or NonSyndicate Registered Brokers and submitted to the SCSBs | 0.56 |
| 3 | Registrar fee and other related fees (postage of refunds etc.) | 1.35 |
| 4 | Advertising and marketing expenses, printing, stationery and distribution expenses | 13.48 |
| 5 | Other expenses (SEBI fees, monitoring agency fees, legal and auditor fees, stock exchanges’ processing and listing fees etc.) | 10.31 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹325.00 | ₹325.00 |
| Open | ₹400.00 | ₹400.00 |
| Low | ₹399.15 | ₹400.00 |
| High | ₹447.80 | ₹448.85 |
| Last Trade | ₹438.00 | ₹438.40 |
Inox Wind IPO is a main-board IPO of 3,19,18,226 equity shares of the face value of ₹10 aggregating up to ₹1,021 Crores. The issue is priced at ₹325 per share. The minimum order quantity is 45.
The IPO opens on Wed, Mar 18, 2015, and closes on Fri, Mar 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 Wed, Mar 18, 2015 and closes on Fri, Mar 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 Thu, Apr 9, 2015.
