Business Standard

Inox Wind Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

1,020.53 cr

Price Range (₹)

325

Lot Size

45

Min Investment (₹)

14,625.00

Listing Exchange

MumbaiNSE

Open Date

18-Mar-2015

Close Date

20-Mar-2015

Listing Date

09-Apr-2015

Inox Wind Ltd News

    The Shares of Inox Wind Ltd have now been listed.

    Inox Wind Ltd IPO Details

    Public issue of 31,918,226* equity shares of face value Rs. 10 each (equity shares) of Inox Wind Limited (company or issuer) for cash at a price of Rs. 325 per equity share (including a share premium of Rs. 315 per equity share) aggregating Rs. 1020.53 crores consisting of a fresh issue of up to 21,918,226* equity shares by the company aggregating up to Rs. 700.0 crores (fresh issue) and an offer for sale of up to 10,000,000 equity shares by Gujarat Fluorochemicals Limited (the selling shareholder) aggregating up to Rs. 320.53 crores (offer for sale). The fresh issue and the offer for sale are together referred to as the issue. The issue includes a reservation of up to 5,00,000 equity shares for subscription by eligible employees on a competitive basis (employee reservation portion). The issue less the employee reservation portion is hereinafter referred to as the net issue. The issue and the net issue will constitute 14.38% and 14.16%, respectively, of the post-issue paid-up equity share capital of the company.Issue Price: Rs. 325 per equity share of face value of Rs. 10 each.The issue price is 32.5 times the face value.Anchor Investor issue price : Rs. 325 per equity share.#Discount of Rs. 15 per equity share to the issue price has been offered to eligible employees(the Employee Discount) and to Retail individual Bidders(The Retail Discount).

    Objective of issue

    Expansion & upgradation of existing manufact. unit. Long term working capital requirements. Investment in subsidiary, IWISL. General corporate purposes.

    Inox Wind Ltd Contact Details

    Inox Wind Ltd, C-13 Pannalal Silk, Mills Cmpd LBS Marg, Bhandup West, Mumbai - 400 078

    Phone - 91-022-25963838

    Fax - 91-022-25946969

    Email - contact@inoxwind.com

    Website - www.inoxwind.com