InvestorQ : When is the Inox Green Energy IPO likely to hit the markets?
sara Kunju made post

When is the Inox Green Energy IPO likely to hit the markets?

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Mary Joseph answered.
1 week ago
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Inox Green Energy, which is a subsidiary of Inox Wind, finally plans to tap the IPO market by October 2022 this year subject to approvals coming through. It had filed DRHP in June 2022 to raise Rs740 crore, comprising of fresh issue of Rs370 crore and an offer for sale (OFS) of Rs370 crore. Note that this will be the company’s second attempt at completing the IPO after it gave up plans in April. Inox Green Energy Services is engaged in providing long-term operation and maintenance (O&M) services for wind farm projects, with focus on Wind Turbine Generators (WTGs) along with WTG supporting infrastructure power evacuation.

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