Wind power service supplier Inox Wind on Tuesday knowledgeable that the corporate’s materials subsidiary Inox Inexperienced Vitality (IGESL) has filed a draft purple herring prospectus (DRHP) with the market regulator Securities and Alternate Board of India (SEBI) on seventh February, 2022 for an preliminary public providing (IPO).
The proposed supply consists of a contemporary concern of fairness shares aggregating upto ₹370 crore and a suggestion on the market (OFS) of fairness shares aggregating upto ₹370 crore by the corporate.
In December, the corporate had knowledgeable that the board of the Firm’s materials subsidiary, had authorized fund elevating by the use of an preliminary public supply of its Fairness Shares comprising of contemporary concern of fairness shares and/or a suggestion on the market of Fairness Shares by sure current and eligible shareholders of IGESL.
On January 18, 2022, as an current and eligible shareholder of IGESL, the corporate had accorded its approval to take part within the proposed Supply via a suggestion on the market of fairness shares, Inox Wind stated in an alternate submitting at this time.
Inox Wind shares have given multibagger return of over 107% in a yr’s interval, whereas, the scrip has surged 19% in 2022 (year-to-date or YTD) to this point. Inox Wind is a totally built-in participant within the wind power market with state-of-the-art manufacturing crops close to Ahmedabad (Gujarat) for blades & tubular towers and at Una (Himachal Pradesh) for hubs & nacelles.
Supply: Live Mint