Inox Green Energy Services subscribed 70% on Day 2

Inox Green Energy Services IPO of Rs 740 crore receives mild response from investors on day 2. The issue was subscribed 46% on Day 1. According to BSE data, investors made 4,67,21,280 bids out of 6,67,21,310 total bids at 3.40 PM on day 2.

The quota of retail bidders is subscribed by 2.25 time, NIIs by 0.17 times and QIBs by 0.47 times. The company is selling its shares at a range of Rs 61-65 per share between November 11-15, with a lot size of 230 equity shares.

Inox Green has presence in Rajasthan, Gujarat, Maharashtra, Madhya Pradesh, Karnataka, Andhra Pradesh, Kerala and Tamil Nadu.

For feedback and suggestions, write to us at editorial@iifl.com