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Gujarat Fluorochemicals arm INOX Wind files DRHP with SEBI

Gujarat Fluorochemicals' subsidiary Inox Wind has filed a draft red herring prospectus (DRHP) with the SEBI for public issue on July 05, 2013.

July 09, 2013 / 11:15 AM IST
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Inox Wind, a subsidiary of Gujarat Fluorochemicals, proposed a public issue of its equity shares through 100 percent book building method and has filed a draft red herring prospectus (DRHP) with the SEBI on July 05, 2013.

The proposed issue consists of a fresh issue of upto Rs 700 crore and an offer for sale of up to 2 crore equity shares by Gujarat Fluorochemicals.

The Equity Shares offered through this Draft Red Herring Prospectus are proposed to be listed on the BSE and the NSE.

Axis Capital Limited, DSP Merrill Lynch Limited and Edelweiss Financial Services Limited are appointed as a Global co-ordinators and book running lead managers. However, YES Bank Limited will be the book running lead manager and Link Intime India Private Limited will be the Registrar to the issue.

Inox Wind is a fully integrated player in the wind energy market with state-of-the-art manufacturing plants near Ahmedabad (Gujarat) for blades and towers and at Una (Himachal Pradesh) for hubs and Nacelles.

Also read: Emcure Pharmaceuticals files IPO papers with SEBI

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