Inox Wind lists at premium on NSE
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Shares of Inox Wind listed at Rs 400, a 23% premium against its issue price of Rs 325 per share, on the National Stock Exchange (NSE).
It touched high of Rs 427 and has seen a combined 4.91 million shares changed hands on the counter on the NSE and BSE. At 1015 hours, the stock was trading at Rs 411 on the NSE.
The Rs 1,000-crore public issue of Inox Wind saw a strong response and over-subscribed by 14 times. The initial public offer (IPO) saw all-round demand, with shares meant for institutional investors and the rich got over-subscribed 38 times and 36 times respectively.
The retail category was subscribed only two times the amount on offer, despite the company offered an extra discount. The retail investors offered shares at price of Rs 310 per share.
Inox will use part of the IPO proceeds to invest in new equipment at the Una unit to optimise the capacity of the nacelle and hub manufacturing facility.
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