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  1. Inox Wind IPO gets 59 per cent subscription on Day 2

Inox Wind IPO gets 59 per cent subscription on Day 2

The over Rs 700-crore initial public offer (IPO) of Inox Wind, an integrated wind energy firm...

By: | New Delhi | Published: March 19, 2015 9:06 PM
Inox Wind, Inox Wind IPO, Inox Wind IPO subscription, Inox Wind IPO subscription day 2, Inox Wind subscription, market news

The price band for the integrated wind energy firm’s initial share sale has been fixed at Rs 315-325 apiece. Reuters

The over Rs 700-crore initial public offer (IPO) of Inox Wind, an integrated wind energy firm, saw a subscription of 59 per cent on the second day of the share sale today.

The IPO received bids for 1,37,47,005 shares against 2,32,01,121 scrips on offer, data available with the NSE showed.

The retail category was subscribed 77 per cent and the portion reserved for Qualified Institutional Buyers (QIBs) saw 55 per cent subscription, as per figures updated at 1700 hrs.

The price band for the integrated wind energy firm’s initial share sale has been fixed at Rs 315-325 apiece.

Inox Wind, earlier this week, had announced that it would allocate a little over 94.25 lakh shares for Rs 306 crore to anchor investors.

Goldman Sachs India Fund, Swiss Finance Corp (Mauritius) Ltd, Indus India Fund (Mauritius) Ltd, IDFC Infrastructure Fund and Sundaram Mutual Fund A/C Sundaram Equity Multiplier, are among the anchor investors.

The IPO, which opened yesterday, would close tomorrow.

The public issue consists of a fresh issue of shares and an offer for sale of 1 crore equity shares (including anchor portion).

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