Stories
Inox Green Energy Services Raises Rs 300 Crore Through Equity Share Issue
N
News18•30-09-2026, 15:15
Inox Green Energy Services Raises Rs 300 Crore Through Equity Share Issue
- •Inox Green Energy Services Ltd (IGESL) successfully raised Rs 299.99 crore by issuing equity shares to institutional investors.
- •The board committee approved the allotment of 1,81,10,473 equity shares to 20 qualified institutional buyers.
- •Shares were issued at Rs 165.65 per equity share, including a 5% discount from the floor price of Rs 174.36.
- •Following the allotment, the company's paid-up equity share capital increased to Rs 419,60,25,180, comprising 41,96,02,518 equity shares.
Key Questions Answered
Inox Green Energy Services raised approximately Rs 300 crore, specifically Rs 299.99 crore, through the issuance of equity shares to institutional investors.
The equity shares were issued to qualified institutional buyers at a price of Rs 165.65 per share, which included a 5 percent discount of Rs 8.71 off the floor price of Rs 174.36 per equity share.
Following the allotment of 1,81,10,473 equity shares, the company's paid-up equity share capital increased from Rs 401,49,20,450 to Rs 419,60,25,180.
