Inox Wind, leading wind power solutions providers, will be launching public issue on Mar. 18, 2014. It has set price band between Rs 315 to Rs 325 a share. The issue will close on Mar. 20, 2015.

Commenting on the above, Hem Securities said 'The company 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.''

Meanwhile, GEPL Capital said, ''Inox Wind stands to gain from operating leverage. At a P/BV of 1.54x we believe that Inox Wind demands a discount to both its domestic peers. We assign a Subscribe rating to the IPO.''

Motilal Oswal research, said, ''Inox Wind manufactures most components like nacelles, hubs, towers, and blades in-house. Expansion at MP, coupled with capacity augmentation at Gujarat, will lead to near-doubling of capacity to 1.6GW by end FY16. We recommend Subscribe. We expect IWND's WTG sales to increase from 330MW in FY14 to 600MW in FY15 and 1-1.2GW in FY16. O&M business also provides interesting growth possibilities. Serious government intent to push renewable power is a key driver.''

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