Latest News | Inox Green Shares Make Tepid Market Debut; Fall Nearly 8 Pc


New Delhi, Nov 23 (PTI) Shares of Inox Green Energy Services, a subsidiary of Inox Wind, made a tepid market debut on Wednesday, listing with a discount of nearly 8 per cent against the issue price of Rs 65.

The stock listed at Rs 60.50, a fall of 6.92 per cent from the issue price on the BSE. It further declined 8.92 per cent to Rs 59.20.

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On the NSE, the shares of the firm made its debut at Rs 60, a discount of 7.69 per cent.

The company commanded a market valuation of Rs 1,772.07 crore in morning trade on the BSE.

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The initial share-sale of Inox Green Energy Services received 1.55 times subscription.

The IPO had a fresh issue of up to Rs 370 crore and an offer-for-sale of up to Rs 370 crore.

Price range for the IPO was at Rs 61-65 a share.

Inox Green is engaged in the business of providing long-term Operation and Maintenance (O&M) services for wind farm projects, specifically for wind turbine generators and common infrastructure facilities on wind farms.

(This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)





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