Price Band:
Inox Green Energy Services, the subsidiary of Inox Wind, has fixed its price band at Rs 61-65 a share for its maiden share sale.
Amount Of Investment:
Investors can bid for a minimum of 230 shares and in multiple thereafter. Retail investors make a minimum investment of Rs 14,950 for a single lot and a maximum of Rs 1,94,350 for 13 lots.
Window To Bid:
Investors can bid for the shares from November 11 to November 15. Anchor book will open a day before the IPO subscription window opens to the public.
Also Read: Inox Green Energy Services Planning To Come Up With Rs 740 Cr IPO In Next 35-40 Days: CEO
IPO Proceeds:
The Rs 740-crore IPO is a mix of a fresh issue worth Rs 370 crore and an offer for sale worth Rs 370 crore by promoter Inox Wind.
The company will use new issue proceeds for repaying debts and general corporate purposes.
Book running lead manager:
Edelweiss Financial Services, DAM Capital Advisors, Equirus Capital, IDBI Capital Markets & Securities, and Systematix Corporate Services are the book-running lead managers to the offer.
Inox Grren Energy is a big wind power operation and maintenance (“O&M”) service provider in India. INOX Green provides long-term O&M services for wind farm projects, specifically the provision of O&M services for wind turbine generators (“WTGs”) and the common infrastructure facilities on the wind farm which support the evacuation of power from such WTGs.
Archean Chemical Industries and Five Star Business Finance IPO will open from November 9 to 11, while the window for the subscription of Kaynes Technology India will open from November 10 to 14.