Inox Green Energy IPO Opens Today; Price, GMP, Should You Subscribe?

Inox Green Energy Services on Friday opened its initial public offering (IPO) for public subscription and will close on November 15.

Inox Green Energy IPO

Inox Green Energy IPO: Price Band

The price band for Inox Green Energy IPO has been fixed at Rs 60-65 per share. At the upper limit of this band, the IPO is asking for a valuation of 32.7 times EV/Ebitda and 15.6 times EV/sales on FY22 basis.

Inox Green Energy IPO: Issue Size and Quota

The Inox Green Energy IPO has an issue size of Rs 740 crore comprising 113,846,154 shares of Rs 10 each. The issue consists of a fresh issue of 56,923,077 shares of Rs 10 each (aggregating up to Rs 370 crore)