Inox Green Energy Services, a subsidiary of Inox Wind, launched its Initial Public Offering (IPO) on Friday, November 11, 2022, and the three-day long offering will conclude on Tuesday, November 15, 2022. The company has fixed a price band. of since 61 65 per share for its initial share sale. The company said on Thursday that it collected 333 crore from anchor investors ahead of its public offering.
inox green energy ipo As per NSE data, the first day of subscription saw 46% subscriberise on Friday and bids were received for 3.05 crore shares against 6.67 crore shares on offer.
The retail individual investors (RIIs) portion was subscribed 1.03 times, while the category for qualified institutional buyers (QIBs) was subscribed 47% and non-institutional investors subscribed 5%.
Inox Green Energy shares are at a premium (GMP), according to market observers Today in Gray Market 8. The Company’s Shares are expected to be listed on the Stock Exchanges BSE and NSE on Wednesday, November 23, 2022.
Fresh equity shares to be issued in INOX Green Energy’s Rs 740 crore IPO 370 crore and offer for sale (OFS) of equity shares in aggregate. Promoter Inox Wind Rs 370 crore. The company plans to use the net proceeds from the fresh issue to be used by the company to repay debt and for general corporate purposes.
The company has decided to allot 5.12 crore shares to anchor investors. Overall transaction size 65 333 crores. Morgan Stanley Asia (Singapore) Pte Ltd, Nomura Singapore Ltd, Citigroup Global Markets Mauritius Pte Ltd, HDFC Mutual Fund (MF), ICICI Prudential MF, Aditya Birla Sun Life MF are among the anchor investors.
Inox Green Energy Services is engaged in the business of providing Long Term Operation and Maintenance (O&M) services for wind farm projects, in particular Wind Turbine Generators (WTG) and general infrastructure facilities on wind farms, which In this way support the power outage. WTGs.
The company has its presence in states like Gujarat, Rajasthan, Maharashtra, Madhya Pradesh, Karnataka, Andhra Pradesh, Kerala and Tamil Nadu.
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