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Inox Wind to mop up Rs 306 cr from anchor investors

Press Trust of India  |  New Delhi 

Inox Wind, set to hit the market with its IPO tomorrow, will allocate shares worth Rs 306 crore to anchor investors.

The price band for the integrated wind energy firm's initial share sale has been fixed at Rs 315-325.

It would allocate little over 94.25 lakh shares at a price of Rs 325 apiece to anchor investors. The value of these scrips would be Rs 306 crore, Inox Wind said in a communique to exchanges.

Goldman Fund, Swiss Finance Corp (Mauritius) Ltd, Indus Fund (Mauritius) Ltd, Infrastructure Fund and Sundaram Mutual Fund A/C Sundaram Equity Multiplier, are among the anchor investors.

The allocation was finalised by Inox Wind's IPO committee during its meeting today.

The IPO would see fresh offering of equity shares worth up to Rs 700 crore. Besides, there would be an offer for sale of about one crore shares, or 5 per cent of the stake held by Inox Wind promoter Fluorochemicals, to the extend of Rs 300 crore.

First Published: Tue, March 17 2015. 21:22 IST