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'Subscribe' Inox Wind IPO: GEPL Capital
Source: IRIS | 16 Mar, 2015, 03.35PM
Rating: NAN / 5 stars.
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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.

The company has in house facilities dedicated to manufacturing the major components of a WTG, including nacelles, hubs, rotor blade sets and towers. They manufacture nacelles and hubs at Una Unit.

Commenting on the above, 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.''

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