INOX Green Energy IPO: IPO of INOX Green Energy will open tomorrow. Understand GMP and other details in 10 points

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INOX Green Energy IPO

INOX Green Energy IPO: IPO of INOX Green Energy will open tomorrow. Understand GMP and other details in 10 points

INOX Green Energy IPO: The IPO of INOX Green Energy will open for subscription on 11 November. Link Intime India Private Limited has been appointed the Official Registrar of Public Issues. The IPO price band has been fixed at Rs 61-65.

INOX Green Energy IPO

The Initial Public Offer (IPO) of INOX Green Energy Services Limited will open for subscription on 11 November 2022, and the public issue will be bidding until 15 November 2022. The alternative energy company aims to raise Rs 740 crore from this public offering, of which Rs 370 crore is expected from a new issue, while the remaining Rs 370 crore is expected through the offer for sale (OFS) route.

Here, understand the details of INOX Green Energy IPO in 10 points.

1. GMP

According to market experts, the shares of INOX Green Energy Services Limited are available today at a premium of Rs 12 in the gray market.

2. Subscription Date

The public issue will open on 11 November and until 15 November 2022.

3. IPO Size

The alternative energy company aims to raise Rs 740 crore through its public offering.

4. IPO Lot Size

The bidder will be able to apply in lots, and one lot will consist of 230 company shares.

5. IPO Price Band

The public offer is available at a price band of Rs 61 to 65 per equity share.

6. IPO Allotment Date

The tentative date for the allotment of shares is 18 November 2022.

7. IPO listing

The public issue is proposed to be listed on both NSE and BSE.

8. IPO listing date

The tentative date for IPO listing is 23 November 2022.

9. IPO Registrar

Link Intime India Private Limited has been appointed the Official Registrar of Public Issues.

10. Good start to the gray market

Inox Green Energy shares have also started in the gray market. According to market experts, in the gray market, the claims of Inox Green Energy Services Limited are available at a premium of Rs 12.

Also read: Bikaji Foods releases its IPOs

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