Inox Wind jumps on getting nod to participate in IPO of Inox Green Energy Services
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Inox Wind is currently trading at Rs. 127.60, up by 3.10 points or 2.49% from its previous closing of Rs. 124.50 on the BSE.
The scrip opened at Rs. 126.00 and has touched a high and low of Rs. 141.00 and Rs. 122.40 respectively. So far 76886 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 160.00 on 30-Jul-2021 and a 52 week low of Rs. 61.45 on 12-Apr-2021.
Last one week high and low of the scrip stood at Rs. 141.00 and Rs. 122.40 respectively. The current market cap of the company is Rs. 2818.36 crore.
The promoters holding in the company stood at 66.82%, while Institutions and Non-Institutions held 2.27% and 30.91% respectively.
Inox Wind’s board has approved its participation in the proposed initial public offer (IPO) of Inox Green Energy Services (IGESL) through an offer for sale of equity shares worth Rs 400 crore.
On December 6, 2021, IGESL board approved fund raising through an initial public offer comprising fresh issue of equity shares aggregating up to Rs 500 crore (Fresh Issue) and/ or an offer for sale of equity shares by certain existing and eligible shareholders of the company (together with the Fresh Issue, Offer).
Inox Wind offers its clients total wind power solutions including wind resource assessment, acquiring land, developing the entire site infrastructure, building the power evacuation system, supplying the WTGs, erection and commissioning services, long term operations and maintenance services as well as post-commissioning support.
