Home Finance News Inox Inexperienced Shares Flop On Market Debut, Fall Almost 8%

Inox Inexperienced Shares Flop On Market Debut, Fall Almost 8%

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Inox Inexperienced shares make tepid market debut

New Delhi:

Shares of Inox Inexperienced Vitality Companies, a subsidiary of Inox Wind, made a tepid market debut on Wednesday, itemizing with a reduction of practically 8 per cent towards the problem worth of Rs 65.

The inventory listed at Rs 60.50, a fall of 6.92 per cent from the problem worth on the BSE. It additional declined 8.92 per cent to Rs 59.20.

On the NSE, the shares of the agency made its debut at Rs 60, a reduction of seven.69 per cent.

The corporate commanded a market valuation of Rs 1,772.07 crore in morning commerce on the BSE.

The preliminary share-sale of Inox Inexperienced Vitality Companies acquired 1.55 occasions subscription.

The IPO had a contemporary problem of as much as Rs 370 crore and an offer-for-sale of as much as Rs 370 crore.

Value vary for the IPO was at Rs 61-65 a share.

Inox Inexperienced is engaged within the enterprise of offering long-term Operation and Upkeep (O&M) providers for wind farm initiatives, particularly for wind turbine mills and customary infrastructure amenities on wind farms. 

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