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Inox Wind Ltd (IWL) IPO Issue is opening on 18th March, 2015 and will be valid till 20 Mar 2015. The fresh issue size is targeted to raise Rs700 crore, which would be used by the company, while the proceeds (expected to be around Rs320 crore) from the offer for sale would go to the promoter company. You can check Adlabs Entertainment IPO here whose date for subscription has been extended.
Inox Wind which is promoted by GFL, part of Inox group of companies is one of India’s leading wind power solutions providers. Company manufactures wind turbine generators, or WTGs, and provide turnkey solutions by supplying WTGs and offering 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 key components of WTGs in-house while it manufacture nacelles and hubs at its Una Unit, located in Himachal Pradesh. Also, co’s rotor blade manufacturing facility and its tower manufacturing facility are housed in Rohika Unit, located in the Ahmedabad district of Gujarat.
Company have also commenced construction of a new integrated manufacturing facility at Barwani, Madhya Pradesh to produce nacelles and hubs, rotor blade sets and towers. Through its wholly owned subsidiaries, Inox Wind Infrastructure Services Limited (“IWISL”) and Marut-Shakti India Limited ("MSEIL") company provide turnkey solutions for wind farm projects.
Inox Wind with its robust financial performance, well recognized promoter group, healthy order book & strong business potential looks an attractive issue to deploy the funds in. Hence, we recommend “Subscribe” on issue and reason for same are as appended below:
Inox Wind which is promoted by GFL, part of Inox group of companies is one of India’s leading wind power solutions providers. Company manufactures wind turbine generators, or WTGs, and provide turnkey solutions by supplying WTGs and offering 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 key components of WTGs in-house while it manufacture nacelles and hubs at its Una Unit, located in Himachal Pradesh. Also, co’s rotor blade manufacturing facility and its tower manufacturing facility are housed in Rohika Unit, located in the Ahmedabad district of Gujarat.
Company have also commenced construction of a new integrated manufacturing facility at Barwani, Madhya Pradesh to produce nacelles and hubs, rotor blade sets and towers. Through its wholly owned subsidiaries, Inox Wind Infrastructure Services Limited (“IWISL”) and Marut-Shakti India Limited ("MSEIL") company provide turnkey solutions for wind farm projects.
Inox Wind with its robust financial performance, well recognized promoter group, healthy order book & strong business potential looks an attractive issue to deploy the funds in. Hence, we recommend “Subscribe” on issue and reason for same are as appended below:
- Conducive macro environment; promising growth opportunities.
- Access to superior technology and project execution capability.
- Strong order book and adding substantial capacity.
- Strong earnings growth potential with high return ratios.
- IWL would attract scarcity premium.
