Latest News | Inox Green Energy's IPO Subscribed 46 Pc on Day 1
Get latest articles and stories on Latest News at LatestLY. The initial share sale of Inox Green Energy got subscribed 46 per cent on the first day of subscription on Friday.
New Delhi, Nov 11 (PTI) The initial share sale of Inox Green Energy got subscribed 46 per cent on the first day of subscription on Friday.
The Initial Public Offering (IPO) received bids for 3.05 crore shares against 6.67 crore shares on offer, according to NSE data.
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The portion for Retail Individual Investors (RIIs) got subscribed 1.03 times while the category for Qualified Institutional Buyers (QIBs) received 47 per cent subscription.
The quota for non-institutional investors got subscribed 5 per cent.
Inox Green Energy Services, a subsidiary of Inox Wind, said on Thursday that it has collected Rs 333 crore from anchor investors.
The Rs 740-crore initial public offering (IPO) of Inox Green comprises a fresh issue and an offer for sale of Rs 370 crore.
The company has fixed a price band of Rs 61-65 per share for its IPO.
Inox Green is engaged in the business of providing long-term Operation and Maintenance (O&M) services for wind farm projects, specifically for wind turbine generators and common infrastructure facilities on wind farms.
DAM Capital Advisors Ltd, Equirus Capital Pvt Ltd, IDBI Capital Markets & Securities Ltd and Systematix Corporate Services Ltd are the book running lead managers to the IPO.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)