Inox Green Energy Services IPO: Here's how to check allotment status & GMP

Inox Green Energy Services, whose initial public offering (IPO) received a tepid response during the three-day bidding process, is likely to announce its allotment status on Monday, November 21.

Incorporated in 2012, Inox Green Energy Services is one of the major wind power operation and maintenance service providers in India. The company is a subsidiary of Inox Wind.

Last heard, the shares of Inox Green Energy were trading at par in the grey market, hinting at a muted listing.

The company's Rs 740 crore IPO was sold in the range of Rs 61-65 per share, and received a tepid investor response, having been subscribed only 1.55 times between November 11-15.

The quota reserved for qualified institutional buyers (QIBs) was subscribed 1.05 times while the ones reserved for non-institutional investors (NIIs) and retailers were subscribed 47% and 4.7 times, respectively.

The majority of the brokerage firms remain mixed over the issue citing difficult operations in the segment, muted financial performance and high dependence on the parent company.

Investors, who had bid for the issue, can check the allotment status on the Bombay Stock Exchange (BSE) website:

1) Visit https://www.bseindia.com/investors/appli_check.aspx
2) Under the issue type, click Equity
3) Under the issue name, select Inox Green Energy Limited in the dropbox
4) Write the application number
5) Add the PAN card ID
6) Click on 'I am not a Robot' and hit submit.

You can also check the allotment status on the online portal of Link Intime India
Private Limited (https://linkintime.co.in/MIPO/Ipoallotment.html), the registrar to the issue.

The registrar is a Sebi-registered entity, qualified to act as such and which electronically processes all applications, and carries out the allotment process as per the prospectus.

The registrar is responsible for complying with the timelines for updating the electronic credit of shares to successful applicants, dispatch, and uploading of refunds, and attending to all investor-related queries after the issue is completed.

1) Go to the web portal of Link Intime India Private Limited
2) Select the IPO in dropbox whose name will be populated only if the allotment is finalised
3) You may be required to select either one of the three modes: Application number, Client ID or PAN ID
4) In application type, select between ASBA and non-ASBA
5) Enter the details of the mode you selected in Step 2
6) For security purposes, fill the captcha accurately
7) Hit submit

Bidders who could not get allotment in the IPO may see the initialisation of refunds on November 21. Others, who would be allotted shares may see the credit of shares in the demat account by November 22. The listing of the IPO is likely on November 23.