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