Inox Green Energy Services is all set to launch its initial public offering (IPO) on November 11. The IPO will commence on November 11 and will close on November 15.
However, the company is yet to reveal its price band and the same is likely to be announced early next week. The shares will be listed on the stock exchange on November 23.
As per media reports, the company said that it will utilize the proceeds of the IPO for repaying debts and general corporate purposes. As far as reserved shares are concerned, Inox Green Energy Services has reserved 75 percent of the public offer for qualified institutional buyers, 15 percent for high net-worth individuals (HNIs), and the rest 10 percent for retail investors.
Moreover, the company aims to raise Rs. 740 crore via its primary offering which includes the issuance of fresh shares worth Rs. 370 crore, with a face value of Rs. 10 each.
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