Investment30 Sept 2026, 07:30 am
Inox Green Energy Allots Equity Shares Worth ₹300 Cr via QIP
AI Summary
Inox Green Energy Services Ltd (IGESL) has successfully completed a Qualified Institutions Placement (QIP), allotting 1,81,10,473 equity shares at an issue price of ₹165.65 per share. The total amount raised aggregates to ₹299,99,99,852.45 (₹299.99 Crore). The issue price represents a discount of 5% to the floor price of ₹174.36 per share. This placement increases the company's paid-up equity share capital from ₹401.49 Crore to ₹419.60 Crore. The QIP opened on September 24, 2026, and closed on September 29, 2026. The trading window, closed since September 24, 2026, will reopen on October 2, 2026.
Key Highlights
- IGESL raised approximately ₹300 Crore through a Qualified Institutions Placement.
- 1,81,10,473 equity shares were allotted at ₹165.65 per share.
- The issue price was at a 5% discount to the floor price of ₹174.36.
- Paid-up equity share capital increased to ₹419.60 Crore.
- The QIP was approved by the Operations Committee on September 29, 2026.
Price Impact
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