With this acquisition, Inox Green has entered the multi brand OEM wind turbine O&M business
Both the companies are in the process of further reducing their debt in due course
Foreign portfolio investor Polus Global Fund sold 53.85 lakh shares, the complete shareholding, in Inox Green Energy Services at an average price of Rs 61.21 per share.
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Inox Green Energy Services traded with volume of 4 crore shares on the NSE, and 33.99 lakh shares on the BSE.
Retail portions for four of the eight recent IPOs remained undersubscribed
The initial public offering (IPO) had seen a muted response from investors despite positive trends in the broader market, with the overall offer being subscribed 1.55 times.
Its initial public offering (IPO) had received muted response from investors, with the overall offer being subscribed 1.55 times
The muted response to its public issue, dependence for orders on parent company Inox Wind and tepid financial performance are expected to weigh on its listing performance. The debut price could be on par with or at discount
In the week starting November 14, a total of $291 million was raised in major investment deals. Here’s a roundup of the key deals made in the week gone by
The public issue by Inox Wind Energy Services comprises a fresh issuance of shares worth Rs 370 crore and an offer for sale of Rs 370 crore by promoter Inox Wind.
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The wind power operation and maintenance service provider is going to raise Rs 740 crore via its maiden public issue. The offer comprises a fresh issuance of shares worth Rs 370 crore and an offer for sale of Rs 370 crore by promoter Inox Wind.
Inox Green Energy Services IPO | The public issue will fetch the company Rs 740 crore. The offer comprises a fresh issuance of shares worth Rs 370 crore, and an offer for sale of Rs 370 crore by promoter Inox Wind.
The funds were raised a day before its initial share-sale that opened for public subscription on Friday. The issue will conclude on November 15.
Hem Securities has come out with its report on Inox Green Energy Services. The research firm has recommended to “Subscribe” the ipo in its research report as on November 10, 2022.
The wind power operation and maintenance service provider says it has finalised allocation of 5.12 crore equity shares to anchor investors at the upper price band of Rs 65 per share
The company intends to use the net proceeds from the fresh issuance to part finance its need for prepayment/repayment of certain borrowings in full or part (Rs 260 crore), and for general corporate purposes.
The Rs 740-crore IPO, which will open for subscription on November 11, comprises a fresh issue of Rs 370 crore and an offer for sale of shares worth Rs 370 crore by promoter Inox Wind
The price band for the offer will be announced by Inox Green Energy Services in the early part of next week
Each of these SPVs had commissioned 50 MW each, out of the total 250 MW which Inox Wind won under the Tranche 1 of Solar Energy Corporation of India Limited’s (SECI -1) bids for wind power projects at Dayapar in Gujarat
The company will focus on the Indian market initially and plans to tap the overseas market after establishing itself in this country
Inox Wind board of directors for operations has given an approval to participate in the proposed IPO through an offer-for-sale of shares worth Rs 400 crore. The company had recalled its IPO papers filed last month and revised the offer size
The proposed offer consists of a fresh issue of equity shares worth up to Rs 370 crore and an offer for sale of up to Rs 370 crore.
The board of Inox Green Energy Services Limited on December 6 had approved fund raising by way of an initial public offer of its equity shares comprising of fresh issue of equity shares aggregating up to Rs 500 Crore and an offer for sale of equity shares by eligible shareholders