Inox Green Energy Services IPO: Earlier in February, the company had submitted documents for the IPO with the market regulator SEBI, which was withdrawn in April without assigning any reason.
Inox Green Energy Services IPOInox Green Energy Services, a subsidiary of Inox Wind, is going to bring its IPO. The company has once again filed a draft paper with the market regulator SEBI for this. The company wants to raise Rs 740 crore through this IPO. Earlier, the company had submitted documents for the IPO with market regulator SEBI in February, which was withdrawn in April without assigning any reason.
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IPO related details
- According to the draft red herring prospectus (DRHP) filed on Friday, fresh shares worth Rs 370 crore will be issued under this IPO.
- In addition, equity shares worth Rs 370 crore will be sold by promoter Inox Wind under an offer for sale (OFS).
- The company may consider pre-IPO placement. If such placement is completed, the size of the new issue will be reduced.
- Funds raised through the IPO will be used for debt repayment and for general corporate purposes.
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about the company
Inox Green Energy Services is in the business of providing Long Term Operation and Maintenance (O&M) services for wind farm projects. In particular, the company works to provide common infrastructure facilities on wind turbine generators (WTG) and wind farms.
(Input-PTI)
