IPO Listing: Inox Green's weak entry in the market, listing of shares with 7% discount..

Inox Green Energy Services IPO listing: Today another company has been listed in the stock market but its investors have been disappointed. Inox Green Energy Services Limited has made a weak entry into the stock market today and its shares have been listed with a discount of about 7 per cent.

Inox Green's shares were listed at Rs.
Today, shares of Inox Green Energy Services are listed on BSE at Rs 60.50 per share, which is a discount of 6.92 per cent from the issue price of its IPO. In the IPO of Inox Green Energy Services, the issue price was kept at Rs 65. At the time of opening, the market capitalization of this company was Rs 1,766.23 crore.

Listing on National Stock Exchange how much rupees
Shares of Inox Green Energy Services are listed on the NSE at Rs 60 per share, which is a discount of 7.69 per cent to its issue price of Rs 65.

inox green was trading at a premium in the grey market
Shares of Inox Green were trading at a premium of Rs 8 to 10 during the bidding process but before listing, they were seen trading flat.

How was the subscription to the IPO?
The IPO of Inox Green Energy Services was subscribed 1.55 times to retail investors. At the same time, the IPO got 1.05 times the subscription of qualified institutional buyers. The share of non-institutional investors was not filled and it was subscribed to only 47 per cent.

Know the special features of the IPO
The IPO of Inox Green Energy Services, a green energy sector company, opened on November 11, 2022, and investors could apply for the IPO till November 15, 2022. The company planned to raise Rs 740 crore from the market through IPO. The price band of Rs 61 to 65 was fixed in the IPO of Inox Green Energy.