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Last Updated : Mar 18, 2015 11:14 AM IST | Source: Moneycontrol.com

Inox Wind IPO opens for subscription

Inox Wind, promoted by Gujarat Fluorochemicals, has opened its public issue for subscription today. The issue consists of a fresh issue of equity shares aggregating up to Rs 700 crore and an offer for sale of 10,000,000 equity shares by Gujarat Fluorochemicals.

 
 
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Moneycontrol Bureau


Inox Wind, promoted by Gujarat Fluorochemicals, has opened its public issue for subscription today. The issue consists of a fresh issue of equity shares aggregating up to Rs 700 crore and an offer for sale of 10,000,000 equity shares by Gujarat Fluorochemicals.


The issue includes a reservation of 5 lakh shares for subscription by eligible employees on a competitive basis.


The price band is fixed at Rs 315-325 per share for the issue, which will close on March 20, 2015. The minimum bid lot is 45 equity shares and in multiples of 45 equity shares thereafter.


The wind power solutions provider has decided to allocate shares worth Rs 306 crore to anchor investors. It will allocate little over 94.25 lakh shares at a price of Rs 325 apiece to anchor investors.


Goldman Sachs India Fund, Swiss Finance Corp (Mauritius) Ltd, Indus India Fund (Mauritius) Ltd, IDFC Infrastructure Fund and Sundaram Mutual Fund A/C Sundaram Equity Multiplier, are among the anchor investors.


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The equity shares 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. Link Intime India Private Limited is a registrar to the offer.

First Published on Mar 18, 2015 09:12 am
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