INOX Green Energy Services Limited (INOX Green) has gone public with an initial public offering (IPO) valued at ₹7.4 billion (approx. US$90.5m), which includes a primary capital raise by INOX Green and secondary sales by its selling shareholder, INOX Wind.

The Book Running lead managers on the transaction included Edelweiss Financial Services Limited, Equirus Capital Limited, DAM Capital Advisors Limited, Systematix Corporate Services Limited and IDBI Capital Markets & Securities Limited.

Khaitan & Co acted as Legal Counsel to INOX Green and INOX Wind on this IPO.

The transaction team consisted of Madhur Kohli (Partner), Chirayu Chandani (Partner), Drishti Barar (Senior Associate), Anshul Mordia (Associate), Hrithik Khurana (Associate), Sarjana Das (Associate).

Richa Choudhury (Partner) of Trilegal acted as Indian Legal Counsel to the book running lead managers.

Linklaters acted as International Legal Counsel to the book running lead managers on the IPO on both NSE and BSE.

The transaction team consisted of Amit Singh (Head of South and Southeast Asia Capital Markets), Joseph Wolpin (Counsel), Daryl Bryan Chee (Associate) and Rushil Oberoi (Associate).

Capital markets partner Amit Singh, commented:

“We are delighted to have had the opportunity to support our clients and INOX Green on this successful IPO, which is a milestone development for INOX Green and also represents the market appetite for investment in the renewable sector. We congratulate all parties involved in this transaction.”

INOX Green, part of the Indian conglomerate INOX GFL Group, is one of the major wind power operation and maintenance (O&M) service providers in India, providing long-term O&M services and common infrastructure facilities for wind turbine generators.

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