Inox Wind debuts at 23% premium

The company's Rs. 700 crore IPO (Initial Public Offer) was subscribed over 18 times. The company further allocated shares worth Rs. 306 crore to anchor investors, thus taking the total issue size to over Rs. 1,000 crore.

Apr 09, 2015 04:04 IST India Infoline News Service

Inox Wind
Inox Wind listed at Rs. 400 a premium of 23 percent when compared to its issue price of Rs. 325.
The company's Rs. 700 crore IPO (Initial Public Offer) was subscribed over 18 times. The company further allocated shares worth Rs. 306 crore to anchor investors, thus taking the total issue size to over Rs. 1,000 crore.
The stock so far has seen trades of around 998,000 shares on the BSE, and there are pending buy orders for over 125,000 shares at Rs. 400.
Shares of Gujarat Flurochemicals the promoter company of Inox Winds are up 0.6 percent at Rs. 757.
Meanwhile, the Sensex has slipped into red and is now down 85 points at 28,623.

Related Story

Blogs & Personal Finance