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Wednesday, March 11, 2015

Inox Wind IPO

Inox Wind Ltd is coming up with an Initial Public Offer (IPO) of its Equity Shares. The issue is opening for subscription between 18thMarch 2015 to 20thMarch 2015. The Price Band is fixed at Rs.315/- to Rs.325/-. Minimum bid lot is 45 equity shares and in multiples of 45 equity shares thereafter. The product note giving brief details about the company is here for your reference.

The brief details of the IPO are given below:

Price Band

Rs.315 - 325

Retail Discount

Discount of Rs.15/- to Retail Investors & Employee on Issue Price

Bid Lot

45 Equity Shares and multiple thereof

Issue Size

Rs.1009 – 1019 Cr. (3.19 – 3.26 crore Equity Shares)

Issue Structure

Issue

Fresh Issue Rs.700 cr. + Offer for Sale of 10,000,000 Equity Shares

Employee Reservation – 500,000 Equity Shares

QIB*

50% of Net Issue

NIB

15% of Net Issue

Retail

35% of Net Issue

* Company may allocate up to 60% Shares of the QIB Portion, to Anchor Investors.

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