Inox Green Energy Services files fresh draft papers with Sebi for Rs 740-crore IPO
nox Green Energy Services, a subsidiary of Inox Wind, has filed fresh preliminary papers with capital markets regulator Sebi to raise Rs 740 crore through an Initial Public Offering (IPO).
The IPO comprises fresh issuance of equity shares worth Rs 370 crore and an offer-for-sale of equity stocks aggregating to Rs 370 crore by promoter Inox Wind, according to the Draft Red Herring Prospectus (DRHP) filed on Friday.
Besides, the company may consider a pre-IPO placement. If such placement is completed, the fresh issue size will be reduced.
Proceeds from the fresh issue will be used for payment of debt and general corporate purposes.
