Price Range for Inox Green IPO Rs 61-65 per share

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The IPO of Inox Green Energy Services will open on November 11. The company has fixed its scope from 61 to 65 rupees per share.

New Delhi: Inox Green Energy Services, a subsidiary of Inox Wind, has fixed a price range of Rs 61-65 per share for its initial public offering (IPO) of Rs 740 crore.

The company gave this information in the information sent to BSE. The IPO will open on November 11 and close on November 15. Anchor investors will be able to bid for the shares on November 10.

According to the draft documents, new shares worth Rs 370 crore will be issued in the IPO. The company’s promoter Inox Wind will bring a total offer for sale (OFS) of Rs 370 crore.

In addition, the company may consider pre-IPO planning. If this happens, the size of the new issue will decrease. Inox Green Energy Services had filed the IPO papers with SEBI on June 20. A ‘conclusion’ was issued on this by the regulator on 13 September. Sebi’s conclusion is necessary for any company to bring IPO.

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