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Inox Wind to make stock market debut tomorrow

According to reports, shares of integrated wind energy firm Inox Wind, which last month completed its initial public offer, will make its stock market debut tomorrow.

“Trading members of the exchange are hereby informed that effective from Thursday, April 9, 2015, the equity shares of Inox Wind Limited shall be listed and admitted to dealings on the Exchange,” according to a notice dated April 7, 2015 on the BSE.

The company’s Rs 700-crore initial public offer that ended on March 20 was subscribed over 18 times.

Inox Wind’s public issue is the biggest IPO since June 2013, when Just Dial had launched its public offer to raise Rs 916 crore.

The price band for the integrated wind energy firm’s initial share sale was Rs 315-325 apiece.

The company had allocated shares worth Rs 306 crore to anchor investors, taking the total issue size to over Rs 1,000 crore.

The issue price for the public issue has been set at Rs 325 per share.

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