Inox wind surges as its arm gets nod to raise Rs 900 crore through IPO
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Inox Wind is currently trading at Rs. 95.75, up by 1.75 points or 1.86% from its previous closing of Rs. 94.00 on the BSE.
The scrip opened at Rs. 92.80 and has touched a high and low of Rs. 95.95 and Rs. 92.80 respectively. So far 6016 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. 71.50 on 28-Jun-2021.
Last one week high and low of the scrip stood at Rs. 105.50 and Rs. 92.80 respectively. The current market cap of the company is Rs. 2086.03 crore.
The promoters holding in the company stood at 67.55%, while Institutions and Non-Institutions held 2.74% and 29.70% respectively.
Inox wind’s material subsidiary -- Inox Green Energy Services has received an approval for a proposal to raise Rs 900 crore through an initial public offer (IPO). The proposed IPO will comprise fresh issuance of equity shares aggregating up to Rs 500 crore and an offer for sale (OFS) of equity shares by certain shareholders to the tune of Rs 400 crore. The Board of Directors of the company in their meeting held on May 9, 2022, has accorded a fresh approval for the same.
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.
