Inox Green Energy Services Ltd.'s board of directors has approved an allotment of 1.81 crore shares to 20 qualified institutional buyers (QIBs) aggregating up to nearly ₹300 crore, according to a regulatory filing on Wednesday. The shares will be issued at ₹165.65 per share, which represents a ₹8.71 (5%) discount to its floor price of ₹174.36. The issue price includes a premium of ₹155.65 per equity share.
Following the allotment, the paid-up equity share capital of the company has increased from ₹401.49 crore to ₹419.60 crore, consisting of 41.96 crore equity shares of ₹10 each, as highlighted in the regulatory filing. The issue opened on September 24, 2026, and closed on September 29, 2026.
Inox Green Energy Services posted an 86% year-on-year surge in consolidated net profit to ₹41 crore for the quarter ended June 30, 2026, boosted by higher revenue and improved operating performance, according to the company's earnings report. Consolidated total income climbed 17% to ₹101 crore from ₹86 crore in the year-ago period. Earnings before interest, taxes, depreciation and amortisation increased 19% to ₹57 crore from ₹48 crore, while profit before tax soared 74% to ₹54 crore.
The company reported machine availability across its portfolio at 96.3% during the quarter, as outlined in the earnings report. Its operations and maintenance (O&M) portfolio expanded to around 13.3 GW as of June 2026, including about 10.5 GW of wind assets and the balance in solar assets.
Inox Green Energy's stock has slipped over 22% year-to-date and 18.5% in the last 12 months, according to market data. On Tuesday, the shares closed 3.55% lower at ₹163.96.
