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07/11/2022 12:40

Inox Green Energy Se announces launch of initial public offering

Inox Green Energy Services Ltd. has announced public offering of 113846153 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 55.00 per share. The gross proceeds of the issue are expected to be Rs 74,000.00 lakhs.

The company's initial public offer (IPO) will open on 11 November 2022 and is expected to close on 15 November 2022, subject to customary closing conditions. The price band of the issue has been fixed at Rs 61.00-65.00 per share.

The IPO includes a fresh Issue of 113846153 Equity Shares of the Company at an price of Rs 65.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 230 shares with bids in multiples of 230.

Inox Green Energy Services Ltd. anticipates using the proceeds of the issue for .

Equirus Capital Private Limited,Systematix Corporate Services Ltd.,IDBI Capital Markets & Securities Limited,DAM Capital Advisors Limited,Edelweiss Financial Services Ltd. as lead manager(s) & Link Intime India Private Limited is the registrar, to the issue.