Inox Green Energy Services IPO Day 2 subscription status

14 Nov 2022 , 11:43 AM

Inox Green Energy Services Limited launched its initial public offering (IPO) on Friday, November 11, 2022 and will be concluded on November 15, 2022. The price band will be fixed at Rs 61-65 per share and one can subscribe in a lot size of 230 shares. The issue was subscribed 46% on the first day of subscription on Friday.

The details of day 2 of subscription till 10 AM is provided in the table below:

Inox Green Energy Services Ltd IPO subscrition live status (10.09 AM on 14-11-2022)

Inox Green Energy Services Ltd	No. Of shares reserved	No. Of shares bid for	No. Of times bid
Qualified Institutional Buyers (QIBs)	3,63,93,442	1,72,35,050	0.47
NIIs	1,81,96,721	9,98,660	0.05
RIIs	1,21,31,147	1,58,99,440	1.31
Employees
Total			0.51

(Source: BSE Live Subscription) 

The company is planning to use the net proceeds from IPO for the repayment and pre-payment of borrowings availed by it including the redemption of non-convertible debentures.

Inox Green Energy Services is engaged in the business of providing wind power operation and maintenance (“O&M”) services in India.

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