IPO Issue Details
Issue Price / Price Band₹325 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size45 Shares per Lot
Total Issue Size3,19,18,226 shares (aggregating up to ₹1,020.53 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenWed, 18 Mar 2015
Subscription CloseFri, 20 Mar 2015
Anchor AllotmentTue, 17 Mar 2015
Basis of AllotmentThu, 26 Mar 2015
Initiation of RefundsFri, 27 Mar 2015
Credit of Shares to DematFri, 27 Mar 2015
Listing DateThu, 09 Apr 2015
UPI Mandate Deadline2015-03-20
Application & Investment Details
Retail — Min (1 Lots)₹14,625 — 45 shares
Retail — Max (13 Lots)₹190,125 (13 Lots)
HNI — Min (14 Lots)₹2,04,750 — 630 shares
Pre-IPO Promoter Holding20,00,00,000 shares
Post-IPO Promoter Holding22,19,18,226 shares
Fresh Issue Shares2,19,18,226 shares (aggregating up to ₹700.80 Cr)
Offer for Sale Shares1,00,00,000 shares of ₹10 (aggregating up to ₹319.73 Cr)
About Inox Wind Ltd.
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.
Objects of the Issue
Inox Wind Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Expansion and upgradation of the existing manufacturing facilities
147.48
2
2 Long term working capital requirements
290.00
3
3 Investment in Subsidiary, IWISL, for the purpose of development of power evacuation infrastructure and other infrastructure development
131.54
4
4 General Corporate Purposes
93.66
Shareholding & Lock-in
Pre-IPO Promoter Holding
20,00,00,000 shares
Post-IPO Promoter Holding
22,19,18,226 shares