Inox Green Energy IPO - Loss Making Wind O&M Service Provider: Reliance Securities

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Reliance Securities' IPO Report.Inox Green Energy Services Ltd. is one of the major wind power operation and maintenance service providers in India. The company is a subsidiary of Inox Wind Ltd., a listed entity and part of the Inox GFL group of companies. The company provides exclusive O&M services for all wind turbine generators sold by Inox Wind. The company has a diversified customer base comprising of private companies, independent wind power producers, power utilities and government organizations in India, to whom Inox Green Energy provides wind farm O&M services.During FY20-22, its revenue clocked only 4% compound annual growth rate to Rs 1.72 billion, while Ebitda declined from Rs 883 million in FY20 to Rs 822 million in FY22, and margin fell from 53.4% in FY20 to 47.7% in FY22. Its net loss has declined to Rs 50 million in FY22 from net loss of Rs 277 million in FY21.The company is coming out with an initial public offering comprising fresh issue of ~56.9 million shares and offer for sale of ~56.9 million shares, aggregating a total of Rs 7.4 billion..Click on the attachment to read the full IPO report:.Inox Green Energy Services IPO: All You Need To Know.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Inox Green Energy IPO - Loss Making Wind O&M Service Provider: Reliance Securities

The company's valuation seems pricey based on current financial position.

Choose a plan