Inox Wind IPO opens on Mar 18; price band at Rs 315-325

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

Moneycontrol Bureau

Inox Wind promoted by Gujarat Fluorochemicals, will open on Wednesday, March 18, 2015, a public issue of equity shares of face value Rs 10 each for cash, at a price per Equity Share (including a Share Premium) consisting of a Fresh Issue of Equity Shares aggregating up to Rs. 7,000 million ("Fresh Issue") and an Offer for Sale of 10,000,000 Equity Shares by Gujarat Fluorochemicals Limited.

The fresh issue and the offer for Sale are together referred to as the "Issue". The Issue includes a reservation of 500,000 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 price band is fixed from Rs 315 to Rs 325 per Equity Share. The Bid/ Issue closes on March 20, 2015. The minimum bid lot is 45 equity shares and in multiples of 45 equity shares thereafter.

Inox Wind is one of India’s leading wind power solutions providers. The Company together with its wholly owned subsidiaries, Inox Wind Infrastructure Services Limited (IWISL) and Marut-Shakti Energy India Limited (MSEIL), offers a broad range of services to its customers servicing amongst others, large corporates, IPPs and PSUs including manufacturing wind turbine generators, or WTGs, and providing turnkey solutions by supplying WTGs and offering services including wind resource assessment, site acquisition, infrastructure development, erection and commissioning, and also long term operations and maintenance of wind power projects.

To read other IPO news click here

The company and the selling shareholder, in consultation with the global co-ordinators and book running lead managers ("GC-BRLMS") and the book running lead manager ("BRLM") (together referred to as "Managers") have decided to offer a discount of Rs 15 to the issue price to eligible employees and retail investors.

The equity shares offered through the red herring prospectus are proposed to be listed on the BSE and the NSE.

Axis Capital Limited, DSP Merrill Lynch Limited, Edelweiss Financial Services Limited and YES Bank are the Global Co-ordinators and book running lead managers to the issue. However, Link Intime India Pvt Ltd has appointed as a registrar to the offer.