Inox Green Energy IPO: Should you apply?

About the company What does Inox Green Energy do: Inox Green Energy is engaged in the business of providing long-term operation and maintenance services to wind farms. The company's parent, Inox Wind manufactures wind turbine generators and Inox Green Energy's services are paired up with the product when selling to customers. This means that when Inox Wind sells turbines, Inox Green Energy's services are offered along with it, typically for set periods. The fee is fixed with 5 per cent escalation every year. Strengths: Strong portfolio: As of June 2022, the company has an aggregate of 2,792 MW of wind projects with an average remaining project life of more than 20 years. Since operation and maintenance (O&M) is essential