The proceeds from the IPO will be used for funding ongoing projects, acquiring land for new real estate developments, and general corporate purposes.
The IPO will involve a fresh issue of 1.55 Crore equity shares, with no offer-for-sale (OFS) component.
According to the announcement, further negotiations are taking place about financing green energy corridors, wind turbine production, and the EV ecosystem, including charging infrastructure.
The price band for the IPO is set between ₹249 to ₹263 per share.
The company stated that funds will be raised through private placement in one or more tranches over a set time period.
The IPO is scheduled to open for subscription on September 23 and will close on September 25.
Notable 52-week highs on the Sensex are recorded by ICICI Bank, Bharti Airtel, and Sun Pharma.
It also identified significant dues in customs, service tax, and goods and services tax (GST) as "disputed."
Akash Bhansali, Rohit Kothari, and Madhusudan Kela have each invested in IGREL Renewables through their own organisations.
The price band for the IPO is set between ₹163 to ₹172 per share.
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