Latest News
-
Trade Setup: Mixed Results From HDFC Bank, RIL Stall Nifty Momentum; Global Economic Data In Focus -
Rs 5/Share Dividend: Record Date On 13th June; Buy The Auto Stock? -
Stock Market Live Updates: Market Likely To Open With Healthy Gains, Nifty Seen Above 22,450 -
IRCTC vs Cochin Shipyard: Which PSU Stock Has Higher Upside Potential? Sumeet Bagadia Answers -
Swing Trading Guide: 3 Stock Picks By VLA Ambala On Wednesday, April 24 -
Indian Railway Finance Corp (IRFC): Top NBFC Railway Stock Advised To BUY; Short-To-Long Term Target Prices -
2 Multibagger Defence To Shield Your Money, Buy On April 24; Prabhudas Sets Target Prices, Stop Loss -
Rs 3.5/Share Dividend Declared: NBFC Declares 55.5% YoY Surge In PAT, Shares Up 87% In 1-Yr -
Rs 118/Share Dividend: Healthcare Stock Below Rs 400 Turned Ex-Dividend, Payout Soon; Buy For Rs 515 Target -
6,693% Returns: Below Rs 75, Pharma Penny Stock Ex-Dividend For Rs 40/Sh Payout After 9 Years; Do You Own?
Inox Green Shares, Make Tepid Market Debut; Fall Nearly 8 Pc
Shares of Inox Green Energy Services, a subsidiary of Inox Wind, made a tepid market debut on Wednesday, listing with a discount of nearly 8 per cent against the issue price of Rs 65. The stock listed at Rs 60.50, a fall of 6.92 per cent from the issue price on the BSE. It further declined 8.92 per cent to Rs 59.20. On the NSE, the shares of the firm made its debut at Rs 60, a discount of 7.69 per cent.
The company commanded a market valuation of Rs 1,772.07 crore in morning trade on the BSE. The initial share-sale of Inox Green Energy Services received 1.55 times subscription. The IPO had a fresh issue of up to Rs 370 crore and an offer-for-sale of up to Rs 370 crore. Price range for the IPO was at Rs 61-65 a share.
Inox Green is engaged in the business of providing long-term Operation and Maintenance (O&M) services for wind farm projects, specifically for wind turbine generators and common infrastructure facilities on wind farms.
(PTI)
