Inox Green Energy Services Limited’s initial public offering (IPO), which was open for subscription from November 11, 2022, to November 15, 2022, received a muted response. The wind power operation and maintenance service provider is expected to finalise the allotment of shares today i.e., November 18, 2022.
The Inox Green Energy IPO included a fresh issue of equity shares worth ₹370 Crore and an offer for sale (OFS) of up to 56,923,077 equity shares. The price band for the IPO was ₹61-₹65 per share. During the bidding process, the Inox Green Energy IPO received bids for 10,37,39,890 shares as against 6,67,21,310 shares on offer.
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