This means a retail investor can apply for up to 13 lots or 2,990 shares, for a value of not more than ₹1,94,350. Bids can be made for a minimum of 230 equity shares and in multiples of 230 stocks thereafter. The price band for the issue, which closes on November 15, has been fixed at ₹61-₹65 per equity share. The shares of the company are expected to be listed on the domestic stock exchange – the BSE and the NSE - on November 23. The wind power operation and maintenance (O&M) service provider proposes to raise ₹740 crore via issue, which comprises a fresh issue and an offer for sale of ₹370 crore each.
INOX Green Energy Services, a subsidiary of INOX Wind and part of the INOX GFL group of companies, is set to launch its three-day initial public offering (IPO) on November 11.
