Business Standard

Inox Green Energy Services Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

740.00 cr

Price Range (₹)

65

Lot Size

230

Min Investment (₹)

14,950.00

Listing Exchange

MumbaiNSE

Open Date

11-Nov-2022

Close Date

15-Nov-2022

Listing Date

23-Nov-2022

Inox Green Energy Services Ltd News

    The Shares of Inox Green Energy Services Ltd have now been listed.

    Inox Green Energy Services Ltd IPO Details

    Initial public offering of 113,846,152** equity shares of face value of Rs. 10 each (Equity Shares) of the company for cash at a price of Rs. 65 per equity share (including a premium of Rs. 55 per equity share) (Offer Price) aggregating to Rs. 740.00* crores (Offer). The offer comprises of a fresh issue of 56,923,076** equity shares aggregating to Rs. 370.00** crores (Fresh Issue) and an offer for sale of 56,923,076** equity shares (Offered Shares) aggregating to Rs. 370.00** crores by Inox Wind Limited (Selling Shareholder) (the Offer for Sale). The face value of the equity share is Rs. 10 each and the offer price is 6.5 times the face value of the equity shares.**Subject to finalisation of basis of allotmentBids can be made for a minimum of 230 equity shares in multiples of 230 equity shares thereafter.

    Objective of issue

    Repayment amd/or pre-payment, in full or part of certain borrowings availed by the company including redemption of non-convertible debenture in full. General corporate purposes.

    Inox Green Energy Services Ltd Contact Details

    Inox Green Energy Services Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

    Phone - 91-22-49186000

    Fax - 91-22-49186060

    Email - Investor@inoxgreen.com

    Website - www.inoxgreen.com