There are many companies that are marking their market debut. After the market debut of Kaynes Technology, another firm has made its debut today and that is Inox Green Energy Services. This firm is one of the chief wind power operation and maintenance service providers. IGES marked its debut on Wednesday, 23rd November 2022. There are many public investors who are waiting for its debut and are now looking for more information about it. The Rs 740 crore IPO of the firm concluded last week, getting entire subscriptions driven by institutional purchasers and investors. Inox Green Energy Services is a subsidiary of the mentioned company Inox Wind. Follow Our website TheGossipsWorld Media for the latest updates!!!!!
INOX Green Energy IPO Date
As usual, BSE shared the notice in which they state that the trading members or investors of the exchange are here with the means notified that effective from Wednesday, 23rd 2022, the co-ownership of Inox Green Energy Services shall be mentioned in the list and accepting to trading off on the Exchange in the B list of the group which called “Group Of Securities. The stock listing of Inox Green Energy Services of Rs 60 apiece on the National Stock Exchange.
INOX Green Energy IPO Price
Apart from it the discount of more than seven per cent as contrasted with its IPO issue price of a per share is Rs 65. On the Bombay Stock Exchange, IGES began trading at around Rs 60.5 apiece. The IPO of the wind power operation and maintenance service providers a subsidiary of Inox Wind, get 1.55 times the membership fee on the final day of the offer which finished on Tuesday, 15th November 2022. The issue gets bids for 10.37 crore shares against the share of 6.67 crores on offer.
INOX Green Energy IPO Shares
The IPO of IGE comprised the latest supply of co-ownership which is worth Rs 370 crore and an offer-for-sale of disinterest shares which is worth Rs 370 crore by its advocate Inox Wind. According to the reports the price band was secured in the range of the per share of Rs 61 to Rs 65. The reports state that from anchor shareholders the firm has gathered Rs 333 crore ahead of its community issue and decided to assign 5.12 crore shares to anchor shareholders at Rs 65 apiece. The anchor investors are:-
ICICI Prudential MF
Morgan Stanley Asia (Singapore) Pte
Aditya Birla Sun Life MF
Nomura Singapore Ltd
HDFC Mutual Fund (MF)
Citigroup Global Markets Mauritius Private Limited
According to the reports, the firm making the plans to use the net profits from the new issue will make use of the firm to pay back debts. The firm has a presence in existence in states like Andhra Pradesh, Gujarat, Tamil Nadu, Maharashtra, Kerala, Rajasthan, Karnataka, Madhya Pradesh, and Andhra Pradesh.
