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23 April, 2024 10:58 IST
'Subscribe' Inox Wind IPO: Mehta Equities
Source: IRIS | 17 Mar, 2015, 12.58PM
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.

Commenting on the above, Mehta Equities, said, ''We believe that IWL is well placed to knock the industry demand as government initiates to focus more on renewable power sector. We see favorable macro environment scenario, the strong order book position and expanding capacity through the issue, the company is expected to deliver healthy returns growth ahead. On valuation parse the IPO price at the higher band it is inline with global players valuations and is justified, hence we advice investors to ''Subscribe'' the Issue as a long term investment for 1-2 years.''

Inox Wind (IWL) is promoted by Gujarat Fluorochemicals and a part of Inox Group. Inox Wind is a fully integrated player in the wind energy market with state-of-the-art manufacturing plants for blades & tubular towers and for hubs & nacelles.

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