Inox Green Energy makes dismal debut; lists at 8% discount over issue price
Inox Green Energy Services (IGESL), a subsidiary of Inox Wind, made a dismal debut on the bourses on Wednesday with its shares getting listed at Rs 60 apiece, an 8 per cent discount to its issue price of Rs 65 per share on the National Stock Exchange (NSE).
On the BSE, the stock of the Inox GFL Group company opened at Rs 60.50.
Post listing, the stock hit a low of Rs 59.55 on the NSE and BSE. At 10:02 am, it was trading at Rs 61.60, down 5 per cent against its issue price. A combined 11.2 million shares had changed hands on the counter on the NSE and BSE till the time of writing of this report.
