The initial public offering (IPO) of Inox Green Energy Services opened for subscription on Friday. The company intends has priced its shares in the range of Rs 61-65 apiece to raise Rs 740 crore from primary markets.
The issue consists of a fresh equity sale worth Rs 370 crore and an offer for sale of the same amount from its parent company Inox Wind NSE -8.21 %. Investors can make a minimum bid of 230 equity shares and in multiples thereof.
Incorporated in 2012,
The company, which is a subsidiary of Inox Wind, has a presence in Gujarat, Rajasthan, Maharashtra, Madhya Pradesh, Karnataka, Andhra Pradesh, Kerala and Tamil Nadu. Read more at:
Inox
NSE 0.5 % Green Energy is one of the major wind power operation and maintenance (O&M) service providers within India.The company, which is a subsidiary of Inox Wind, has a presence in Gujarat, Rajasthan, Maharashtra, Madhya Pradesh, Karnataka, Andhra Pradesh, Kerala and Tamil Nadu. Read more at:
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