January 27, 2023 Friday, 13:19 Hrs
 Home |   IFCI Group  |   About Us  |   Our Network  |   Contact Us  |   Career  |   Employee
SENSEX  59,229.74  -975.32 
BSE
Home   Equity   News   IPO News  
Detailed News
Back
Inox Green Energy Services IPO ends with decent subscription
16-Nov-22   11:00 Hrs IST

The initial public offer (IPO) of Inox Green Energy Services received bids for 10,37,39,890 shares as against 6,67,21,310 shares on offer. The issue was subscribed 1.55 times.

The Qualified Institutional Buyers (QIBs) category was subscribed 1.05 times and the Retail Individual Investors (RIIs) category was subscribed 4.70 times.

However, the Non Institutional Investors (NIIs) category was subscribed just 47%.

The issue opened for bidding on Friday (11 November 2022) and it closed on Tuesday (15 November 2022). The price band of the IPO was fixed at Rs 61 to 65 per share.

The issue comprises fresh issue of equity shares and offer for sale by promoter selling shareholders, aggregating upto Rs 370 crore each. On post issue expanded equity, the holding of promoter selling shareholders will decline to 56.04% from about 93.84%.

Of the net proceeds from the fresh issue, the company plans to utilize about Rs 260 crore for repayment/pre-payment of debt in full or part of certain borrowings availed by the company including redemption of secured NCDs in full. Balance of net proceeds will be used for general corporate purposes.

Ahead of the IPO, Global Health on Thursday, 11 November 2022, raised Rs 332.99 crore from anchor investors. The board allotted 5.12 crore shares at Rs 65 per share to 27 anchor investors.

Inox Green Energy Services, a subsidiary of Inox Wind and part of the Inox GFL Group, is one of the major wind power operation and maintenance service providers within India. It is engaged in the business of providing long-term O&M services for wind farm projects, specifically the provision of O&M services for wind turbine generators and the common infrastructure facilities on the wind farm which support the evacuation of power from such Wind Turbine Generators (WTGs).

The company reported a net loss of Rs 11.58 crore and sales of Rs 61.79 crore in the quarter ended on 30 June 2022.

Powered by Capital Market - Live News

BSE
Enter Stock for
Company details
   Attention Investors : We would like to inform the investor to be rid of investment tips to invest with them in their bogus firms by promising huge profits, we never share the customer information like Mobile number, email ID etc., with any of the outside companies. We sensitize the customers to be aware of fraudsters and ignore any technical tips received from the unknown contacts. IFIN/ICOM will not be responsible for any bogus messages received by you.Please do NOT disclose your User ID and/or Passwords to any persons, even IFIN/ICOM staff never ask you to share the same. IFIN/ICOM is neither liable for any loss arising from your sharing of your password with anyone, Nor from its consequent unauthorized use. Prevent unauthorised transactions in your account Update your mobile numbers/email IDs with your stock brokers/Depository Participant. Receive information of your transactions directly from Exchange / Depository on your mobile / email at the end of the day .... Issued in the interest of Investors. No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account. Please update your annual income details immediately. KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary    Eq : Rights & Obligations in 15 regional vernacular languages    Commodity : Rights & Obligations in 15 regional vernacular languages, Prevent unauthorised transactions in your account Update your mobile numbers/email IDs with your stock brokers/Depository Participant. Receive information of your transactions directly from Exchange / Depository on your mobile / email at the end of the day .... Issued in the interest of Investors. No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account, “Link your aadhaar number with your trading / Demat account. “ Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1,2020.     |  |    Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge.     |  |    Pay 20% upfront margin of the transaction value to trade in cash market segment.     |  |    Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard.     |  |    Check your Securities/MF/Bonds in the consolidated account statement issued by NSDL/CDSL every month.     |  |    .......... Issued in the interest of Investors. All our clients are requested to link their PAN with Aadhaar.     |  |    AADHAAR AND PAN LINK - CHECK STATUS - Click Here     |  |    AADHAAR AND PAN LINK – UPDATE STATUS - Click Here  
Full View