Inox Green Energy Services Ltd IPO

  • Min. Investment14030/ 230 Shares
  • Min. Quantity230
  • Price Range₹61 - ₹65
  • Date Range11 Nov 22 - 15 Nov 22
  Retail Investor can invest upto Rs 2,00,000 in IPO
Dates
  • Application Start Date11 Nov 2022
  • Application End Date15 Nov 2022
  • Allotment begins
  • Refund Initiation Date21 Nov 2022
  • Allotment Date18 Nov 2022
  • Listing On Exchange23 Nov 2022
Registrar Information
  • NameLink Intime India Pvt Ltd
  • Contact no.+91 22 4918 6200
  • Email IDinoxgreen.ipo@linkintime.co.in
Company Information

Incorporated in 1983, Kolkata-based Tarsons Products manufactures laboratory products that are used in various research organisations, pharmaceutical companies, academia institutes, hospitals and diagnostic centres.

The company plans to go public and here’s all you need to know about this IPO.

Financial information

Here’s the consolidated financial information for the last three years:

Particulars FY19 FY20 FY21
(Rs Crore)
Revenue 215.21 399.58 243.6
Net Profit -57.19 -57.5 -71.92
Total Assets 1861.46 2453.07 2695.03
Strengths
  • Strong and diverse existing portfolio base;
  • Established track record, favourable national policy support and visibility for future growth;
  • Reliable cash flow supported by long-term O&M contracts with high credit quality counterparties;
  • Supported and promoted by our parent company, IWL;
  • Established supply chain in place;
Risks
  • The company is currently entirely dependent on Inox Wind Limited, its promoter for its business and if they were to choose another service provider for O&M services of their WTGs, its business, financial condition and prospects may be adversely affected.
  • The sale of services and renewal rate of service contracts may decrease in the future.
  • The coronavirus pandemic ("COVID-19") could have significant adverse effect on its business and operations.
  • Technology failures or advancements could disrupt its operations.
  • The company has entered into a business transfer agreement by which its divested its EPC business to one of the subsidiaries of its Promoter, Resco Global Wind Services Private Limited ("BTA"), which imposes certain contractual obligations on the Company.
Opportunities
  • Exploring opportunities to expand its portfolio and scale its operations.
  • Transitioning to an asset-light model with minimal capital expenditure which it believes will result in higher EBITDA and profit margins.
  • Continuing and enhancing its focus on predictive maintenance over reactive maintenance.
  • Provide analytics and asset performance forecast services.
  • Exploring opportunities to expand its portfolio and scale its operations.
What is Pre Apply?

Pre Apply will allow you to apply for an IPO 1-3 days before the bidding period starts. You'll get the UPI payment mandate once the IPO is open.

Learn more about Pre applying
How to Apply?

Select the IPO you want to apply for from the list of open issues. Enter your correct UPI ID and select the investor type. The quantity should be a multiple of the lot size. If you wish to apply at the cut-off price, simply click on the checkbox next to ’Cut-off price’. You will receive an SMS from the NPCI confirming your bid and requesting you to accept the mandate on your UPI app. We have noticed a significant delay in UPI payment SMS/notifications from NPCI. Request you to be patient. Please ignore this message if you’ve accepted the mandate

How to check your IPO allocation status

Tarsons Products allotment status will be available on or around 23 November 2021. The allotted shares will be credited to the demat account by 25 November 2021. We will provide you with the link to check the allocation’s status as soon as the registrar makes it live. This may happen after the IPO is closed (after 17 November 2021).