Inox Wind has recently announced an initial public offering for Inox Green Energy Services (IGESL), which is expected to hit the primary market next month. The IGESL IPO comprises fresh issuance of equity shares worth ₹370 crore and an offer for sale of ₹370 crore by promoter Inox Wind.
Carraro India turning the corner, offers an entry point
The company has in-house design and manufacturing capabilities. However, it historically has a lower operating margin before depreciation and amortisation (Ebitda margin) compared with peers.