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Inox Green Energy Launches QIP at ₹174.36 Floor Price to Raise Funds
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CNBC TV18•24-09-2026, 19:24
Inox Green Energy Launches QIP at ₹174.36 Floor Price to Raise Funds
- •Inox Green Energy Services has initiated a Qualified Institutional Placement (QIP) to raise capital from institutional buyers.
- •The floor price for the QIP has been set at ₹174.36 per share, calculated using SEBI's prescribed formula.
- •The company's Operations Committee approved the QIP's opening on September 24, also setting this as the relevant date for pricing.
- •Inox Green Energy can offer a discount of up to 5% on the floor price, subject to prior shareholder approval.
- •The trading window for designated persons is closed from September 24 until 48 hours after the issue price is determined, adhering to insider-trading rules.
Key Questions Answered
Inox Green Energy has set the floor price for its qualified institutional placement (QIP) at ₹174.36 per share, which was calculated using the pricing formula prescribed by SEBI.
The company received approval from its board on July 22 and from its shareholders at an extraordinary general meeting held on August 13.
Under insider-trading rules, the trading window for designated persons and their immediate relatives has been closed from September 24 and will remain closed until 48 hours after the issue price is determined.
