IPO: Inox Inexperienced Power Products and services indexed beneath IPO worth

Mumbai: Inox Inexperienced Power Products and services debuted at the inventory marketplace on a tepid Wednesday, with the inventory quoting 7% beneath its IPO worth.

The stocks had been quoted at £60.50 from a topic worth of £65 and closed down 9% at £59.10.

The corporate’s R740 crore IPO offered within the vary of £61-65 in line with percentage between November 11-15.

It was once adopted 1.55 occasions. Whilst retail traders introduced 4.7 occasions the quantity of exceptional stocks, best 50% of prime internet price folks signed up.

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