The Inox Wind IPO was oversubscribed by 18 times. Gujarat Flurochemicals owns up to 75 per cent stake in Inox Wind.
The stock has however now corrected and is down 1 per cent at Rs. 715.15 and around 163-odd shares have been traded in the early deals on the BSE.
Meanwhile, the Sensex has rallied 57 points to 28,318.