Inox Green Energy Services IPO GMP History
Inox Green Energy Services IPO has been listed on November 23, 2022 at a listing price of ₹60, against the issue price of ₹65 — a loss of ₹5 (-7.69%). The GMP peaked at ₹10 on 8 November 2022 and reached a low of ₹5 on 18 November 2022. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Inox Green Energy Services IPO raised ₹740 Cr. through its IPO at a price band of ₹61 to ₹65 per share, with a lot size of 230 shares. The IPO was open for subscription from 11 Nov 2022 to 15 Nov 2022.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 11:41 AM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 18 Nov 2022 | ₹ 5 | — | 8% | — | — |
| 17 Nov 2022 | ₹ 5 | — | 8% | — | — |
| 16 Nov 2022 | ₹ 5 | — | 8% | — | — |
| 15 Nov 2022 | ₹ 5 | — | 8% | — | — |
| 14 Nov 2022 | ₹ 5 | ▼ | 8% | — | — |
| 12 Nov 2022 | ₹ 7 | — | 11% | — | — |
| 11 Nov 2022 | ₹ 7 | — | 11% | — | — |
| 10 Nov 2022 | ₹ 7 | — | 11% | — | — |
| 09 Nov 2022 | ₹ 7 | ▼ | 11% | — | — |
| 08 Nov 2022 | ₹ 10 | — | 15% | — | — |
| 07 Nov 2022 | ₹ 10 | — | 15% | — | — |
Inox Green Energy Services IPO dates
Key dates from opening to listing. Today is 10 November.
- Open 11 Nov 2022
- Close 15 Nov 2022
- Allotment 18 Nov 2022
- Refund/credit 21 Nov 2022
- Listing 23 Nov 2022
Inox Green Energy Services IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹65 |
|---|---|
| GMP-based estimate (pre-listing) | ₹70 (+7.7%) |
| Listing gain / loss | −₹5 per share |
| Listing date | 23 Nov, 2022 |
| Actual listing price | ₹60 (-7.69%) |
Is Inox Green Energy Services IPO GMP reliable?
Grey market premium for Inox Green Energy Services IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Inox Green Energy Services IPO full review for a fundamentals-based assessment before making any grey market trades.
Inox Green Energy Services IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Inox Green Energy Services IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Inox Green Energy Services IPO
Inox Green Energy Services Limited was incorporated in 2012 and is one of the major wind power O&M service providers in India. It is a subsidiary of Inox Wind Limited, which is listed on the NSE and BSE, and part of the Inox GFL group.
It provides long-term O&M services for wind turbine generators, and is the exclusive O&M provider for all WTGs sold by Inox Wind, under contracts that typically run for five to 20 years.
On 30 June 2022 its portfolio covered 2,792 MW of wind farm capacity and 1,396 WTGs. Of this, 1,964 MW was under comprehensive O&M contracts and 828 MW under common infrastructure O&M contracts. It works in Gujarat, Rajasthan, Maharashtra, Madhya Pradesh, Karnataka, Andhra Pradesh, Kerala and Tamil Nadu. Its earlier EPC business was carved out from 31 December 2021.
The IPO was Rs 740 crore, with Rs 370.00 crore of fresh issue and Rs 370.00 crore of offer for sale by Inox Wind. Rs 260.00 crore of the fresh money was planned for repaying borrowings, including redeeming secured NCDs in full.
Frequently asked
What is the GMP of Inox Green Energy Services IPO?
The current Grey Market Premium (GMP) of Inox Green Energy Services IPO is ₹ 5.
What is the Kostak Price of Inox Green Energy Services IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Inox Green Energy Services IPO is not available.
What is the Subject to Sauda Price of Inox Green Energy Services IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Inox Green Energy Services IPO?
Inox Green Energy Services IPO listed on November 23, 2022 at ₹60, against the issue price of ₹65 — a loss of -7.69%.
How did the GMP of Inox Green Energy Services IPO trend before listing?
The GMP of Inox Green Energy Services IPO was stable in its final days before listing. The GMP peaked at ₹10 on 8 November 2022. View the day-wise table above for the complete GMP history.
Explore Inox Green Energy Services IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
